Tesla Sells More Than Expected but Profits Fall Short in Q2 2026

Tesla brought in more money than Wall Street expected last quarter — $28.23 billion versus $25.71 billion — but its profit per share fell 39% short of forecasts, at 31 cents instead of 51. Shares dipped over 3% after hours, on top of a 14% drop this year. High European sales, fueled by EV subsidies and war-driven gas prices, explain the revenue boost.