Overview
- Tesla reported 480,126 vehicle deliveries and 451,758 units produced in the second quarter, roughly 25% more deliveries than the same period last year.
- Shares fell about 7.49% to $393.45 on Thursday despite the beat as investors took profits and reassessed growth expectations.
- The delivery recovery was led by Europe and China while North American deliveries lagged, a shortfall analysts link to changes in regional EV incentives.
- The wider competitive picture shows BYD delivering higher volumes (reported at about 557,090 units) while Tesla’s energy arm installed 13.5 GWh of storage in the quarter.
- Tesla plans to spend more than $25 billion in 2026 on projects such as humanoid robots, robotaxis and other autonomy work, a shift that raises questions about capital allocation and what investors should watch next.