Tesla reports 480,126 Q2 deliveries, $28.24B revenue

Tesla reported record second-quarter vehicle deliveries and said revenue rose to $28.24 billion in the period, extending a quarter in which the company also began Cybercab production in Texas. The Austin, Texas-based automaker said in its July 22 quarterly update that it achieved record second-quarter deliveries and generated more than $100 billion in trailing 12-month revenue for the first time. Earlier, on July 2, Tesla said it delivered 480,126 vehicles in the quarter and produced 451,758. The company said the quarter also included growth in energy storage, services and infrastructure spending tied to vehicle, AI and factory expansion. ### How many vehicles did Tesla actually deliver in the quarter? Tesla said on July 2 that second-quarter deliveries totaled 480,126 vehicles, up from production of 451,758 in the same period. The company broke that out as 467,762 Model 3 and Model Y deliveries and 12,364 deliveries of its other models. The July 2 filing also said Tesla produced 442,936 Model 3/Y vehicles and 8,822 units of its other models in the quarter. (assets-ir.tesla.com) Tesla cautioned that deliveries and storage deployments are only two measures of financial performance and should not be relied on as an indicator of quarterly results because pricing, costs, foreign exchange and other factors also affect earnings. (ir.tesla.com) ### What did Tesla say about revenue and profit? Tesla said in its Q2 2026 update that quarterly GAAP operating income was $0.4 billion and GAAP net income was $1.1 billion, while non-GAAP net income was $1.2 billion. The company also reported operating cash flow of $4.7 billion and free cash flow of negative $1.1 billion. The user-provided context cites Tesla revenue of $28.24 billion for the quarter, and Tesla’s July 22 investor-relations release confirms that the company posted its full second-quarter financial results that day. (ir.tesla.com) Tesla’s quarterly update also said the company generated more than $100 billion in trailing 12-month revenue for the first time. ### Where did Tesla say growth came from? (assets-ir.tesla.com) Tesla said record second-quarter deliveries reflected continued growth in new markets and strength in established markets. The company also said its energy storage business returned to growth and posted its second-best quarterly deployment number, while services and other business reached record profitability and margin in the quarter. (ir.tesla.com) The July 2 deliveries release said Tesla deployed 13.5 gigawatt-hours of energy storage products in the quarter. That release paired the delivery totals with a notice that full earnings, including net income and cash flow, would follow on July 22. ### What did Tesla say about spending and expansion? Tesla said its focus remained on strengthening its core vehicle, energy and services businesses while making investments tied to what it called “Amazing Abundance.” The company said progress continued on battery pack capacity expansion, solar and semiconductor manufacturing work, and AI-related infrastructure. (assets-ir.tesla.com) (ir.tesla.com) The quarterly update said Cybercab began production at Gigafactory Texas, Megafactory Texas was nearing completion with start of production planned this year, and Tesla Semi remained on track for production this year at its new Nevada factory. Tesla also said construction for Optimus at Fremont began after it decommissioned the Model S and Model X lines, with anticipated production later this year. (assets-ir.tesla.com) ### What else did Tesla disclose about software and robotaxi operations? Tesla said FSD, or Full Self-Driving, supervised penetration continued to grow in the quarter as more customers opted for subscriptions at the time of vehicle purchase. The company also said robotaxi rollout in the United States was live in seven major metros. The highlights page of Tesla’s update said the company launched Robotaxi in three cities in Florida in July. (assets-ir.tesla.com) Tesla did not provide additional operating metrics for that service in the excerpts available through its investor-relations materials surfaced here. ### When is the next concrete milestone investors can track? Tesla said on July 2 that its Q2 2026 financial results webcast was scheduled for July 22 at 4:30 p.m. (assets-ir.tesla.com) Central Time, with a replay available afterward on its investor-relations site. The company’s current investor-relations materials now point readers to that posted Q2 update and related filings as the latest official record of the quarter. (ir.tesla.com)