Tesla Model Y. Image: Tesla
Elon Musk has reignited speculation of a potential Tesla-SpaceX merger.
Tesla has missed recent analyst expectations by a large margin, reporting roughly $1.1bn in adjusted net income in the quarter past. Wall Street had expected the company to rake in around $1.9bn.
The loss is despite the Elon Musk-owned company recording a 26pc growth in revenue to a better-than-expected $28.2bn, with car sales alone bringing in more than $20bn – marking a 23pc year-over-year growth.
Electric vehicle (EV) sales jumped 25pc since last year to a little more than 480,000 units in Q2 2026. The company produced around 451,000 vehicles during the period.
