Tesla's Q2 2026: Revenue Tops Estimates, Earnings Fall 39% Short

Tesla's Q2 2026 revenue of $28.23 billion beat Wall Street's $25.71 billion forecast, but earnings per share landed at 31 cents — 39% below the 51-cent consensus. Shares dropped over 3% after hours, adding to a roughly 14% year-to-date decline. Strong European deliveries, lifted by EV subsidies and high gas prices tied to the US-Iran war, drove the revenue beat.