TL;DRTesla delivered 480,126 vehicles in Q2, beating the 406,000 consensus by 18%. It produced 451,758. Energy storage hit 13.5 GWh. Shares still down 5% YTD.
Tesla delivered 480,126 vehicles in the second quarter of 2026, far exceeding the Wall Street consensus of approximately 406,000. Production came in at 451,758 units. The delivery figure represents a 25% year-on-year increase and a 34% jump from Q1, when Tesla reported 358,023 deliveries.
The Model 3 and Model Y accounted for 467,762 deliveries, or 97% of the total. Tesla does not break out figures by region or individual model. The company is trying to rebound from consecutive annual declines in vehicle sales, driven partly by consumer backlash against Elon Musk’s political activities and the loss of the US federal EV tax credit.
Several factors fuelled the beat. Tesla introduced lower-cost versions of its Model 3 and Model Y. It rolled out Full Self-Driving (Supervised) in European markets. And soaring gas prices from the Iran war pushed European buyers toward EVs in the first half of the year, though oil prices have since fallen back to pre-war levels following a fragile US-Iran truce. Chinese competitors continue to undercut Tesla on price, with Xiaomi, BYD, and others offering comparable or better specifications at lower price points.
