Tesla generated quarterly revenue of $28.24 billion in the second quarter of 2026, an increase of 26% year-on-year, making it the first time the company has exceeded $100 billion in trailing twelve-month revenue. The growth was driven primarily by record vehicle deliveries. The automotive revenues alone contributed 20.5 billion dollars to the bottom line.
That means automotive revenue rose 23% year-on-year. Meanwhile, Energy Generation and Storage revenue increased 13% to $3.14 billion. Services and Other generated $4.58 billion, up 50%, with Tesla reporting record profitability and gross margin for the segment.
As reported, the company delivered 480,126 vehicles worldwide during the quarter, up 25% compared to the same period last year and representing a new quarterly record. Production increased by 10% to 451,758 vehicles. The Model 3 and Model Y continued to dominate volumes, accounting for 467,762 deliveries. That comes as little surprise, as the carmaker discontinued its Model S and Model X earlier this year and the Cybertruck has by no means become a bestseller.
Tesla said record deliveries were achieved across several international markets, including South Korea, Australia, Colombia, Japan, Taiwan, Thailand, Portugal, the Philippines, Chile, Slovenia and Lithuania. The company also launched the Model YL in the United States in July.
