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Tesla Q2 2026 Earnings Preview: Record 480,126 Deliveries, Up 25% — But $26.4B Revenue Could Still Trail Last Year on Margin Pressure

Jul 22, 2026

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Tesla Q2 2026 Earnings Preview: Record 480,126 Deliveries, Up 25% — But $26.4B Revenue Could Still Trail Last Year on Margin Pressure

Tesla reports Q2 2026 earnings after today's close with a record 480,126 deliveries, up 25% year-over-year and 18% above the 406,024 consensus. Revenue is estimated near $26.4–$27.6 billion, but automotive gross margin ex-credits is the pivotal figure after aggressive incentives drove deliveries at the cost of pricing. Options markets imply a 7.6% move around the report. The Cybercab timeline and FSD monetization are expected to dominate the earnings call narrative.

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TSLATesla stockearningsQ2 2026EV deliveriesautomotive gross marginCybercabFull Self-Driving
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