Tesla misses on earnings despite revenue beat
Revenue rose 26% to a record $28.24 billion, but non-GAAP earnings fell to $0.33 a share as operating income dropped 57%.
- Tesla released Q2 2026 financial results on July 22, reporting record revenue of $28.24 billion, exceeding Wall Street's roughly $26.4 billion estimate, but Non-GAAP EPS fell to $0.33 versus about $0.53 expected.
- Regulatory credit revenue plummeted to $146 million from $439 million after the federal EV tax credit expired on September 30, 2025, eliminating a key profit source that rivals had purchased from Tesla.
- Capital spending more than doubled to $5.8 billion as Tesla invested heavily in Optimus robot and robotaxi development, while Operating expenses jumped 47% to $4.35 billion, pushing free cash flow negative $1.1 billion.
- Despite Record deliveries of 480,126 vehicles, Operating income fell 57% to $398 million and operating margin sank to 1.4% from 4.1% a year ago, showing costs outpaced revenue growth.
- Energy storage deployment reached 13.5 GWh, up more than 40%, while trailing-twelve-month revenue topped $100 billion, positioning Tesla's diversified growth to offset automotive margin pressure going forward.
138 Articles
138 Articles
Tesla's worst day in a year hands short sellers a $4.3bn payday
Elon Musk's electric vehicle giant just handed short sellers their biggest one-day windfall in months. Tesla shares cratered 14.5% on Thursday after a second-quarter earnings miss reignited doubts about the company's costly AI and robotics ambitions, a stock many South African retail investors hold through EasyEquities and offshore ETF exposure. Bears are now sitting on $9 billion in paper profits for the year, even as some analysts call the sel…
Tesla Stocks Down, US Market Share Up: What Is Going On?
The Tesla Robotaxi service is launching in more US cities, but investors were not amused after CEO Elon Musk presented the company's Q2 report. The post Tesla Stock Down, Tesla EV Market Share Up: What Comes Next? appeared first on CleanTechnica.
PBS NewsHour
evshift.comEarnings at Musk's Tesla fall as spending on research cuts into profit from selling cars
While the core car business had a solid quarter, Tesla is now focused on building out the infrastructure and AI software that underpins its robotaxis and robotics businesses, which Musk has said are the future of the company. And doing so requires a lot more spending.
Tesla shares have fallen sharply following the disappointing quarterly results. After the opening of the US stock market, Tesla stock plummeted by about 14 percent. According to Bloomberg, that is the largest drop in a single trading day since June 2025.
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