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📖 Read full article→Tesla Q2 earnings recap: Stock falls after profit misses estimates - Business Insider
Business and EconomyBy Steven Tweedie, Lloyd Lee, Ben Shimkus, Rya Jetha, Tom Carter, Samuel O'Brient, Max Adams7/22/20261 min read
Tesla's record Q2 vehicle deliveries helped drive $28.24 billion in revenue, but EPS came in far lower than expected. The stock slide 4% after hours.
✨ Key Highlights
- Tesla reported $28.24 billion in revenue for the second quarter, supported by record Q2 vehicle deliveries.
- Despite strong revenue, earnings per share fell well short of analyst expectations, disappointing investors.
- The stock dropped about 4% in after-hours trading following the earnings miss.
- In its earnings release, Tesla described Q2 as a strong quarter for its core vehicle, energy, and services businesses, as well as its manufacturing, infrastructure, and AI initiatives.
- The results highlight a gap between Tesla's solid top-line delivery performance and its weaker bottom-line profitability during the period.
"Q2 was a strong quarter for our core vehicle, energy and services businesses as well as our manufacturing, infrastructure and AI initiatives," the company said in its earnings release.
The second-q