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Tesla reports 480,126 vehicle deliveries for second quarter, topping expectation

Tesla said lower-cost Model 3 and Model Y variants helped drive the quarter, as deliveries rose from a year earlier and beat expectations by nearly 74,000.

  • Tesla delivered 480,126 vehicles from April to June, a 25% increase from last year that surpassed analyst estimates of 402,776 according to Visible Alpha.
  • The automaker attributed growth to resurgent European demand for lower-cost Model 3 and Model Y vehicles, alongside recent availability of Full Self-Driving systems in European markets.
  • In its Energy business, Tesla deployed 13.5 GWh of battery storage systems in Q2, up from 9.6 GWh a year ago, while SpaceX purchased $269 million in Tesla Megapacks.
  • Shares experienced a modest rise of less than 1% in premarket trading; however, stock remains down about 5% this year while the Nasdaq gained 12%.
  • CEO Elon Musk is shifting strategic focus toward artificial intelligence, robotics, and autonomous technologies like the Cybercab, which inform the company's $1.6 trillion valuation ahead of detailed results on July 22.
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The Hamilton Spectator broke the news in Hamilton, Canada on Thursday, July 2, 2026.
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