The automaker’s vehicle deliveries exceeded Wall Street estimates by over 73,000 units, signaling a rebound in demand.
Tesla delivered 480,126 vehicles in Q2 2026, topping analyst forecasts of 406,600 and its own estimate of 406,024. The figure marks a sharp increase from 384,000 deliveries in the same period last year and 358,023 in Q1 2026.
The Model 3 and Model Y accounted for 467,762 deliveries, while other models contributed 12,364. Production reached 451,758 vehicles. Energy storage deployments hit 13.5 GWh, up from 9.6 GWh a year earlier and slightly above expectations.
The results come as Tesla works to reverse a two-year sales decline, driven by waning consumer interest amid CEO Elon Musk’s political controversies and the end of U.S. EV tax incentives. Chinese rivals like BYD and Nio have also gained market share.