Strong figures suggest Tesla’s auto business is regaining momentum after two straight annual sales declines

TSLA was down about 8% by 1 p.m. EDT on Thursday.

Tesla beat delivery estimates by 18% in Q2 2026, posting 480,126 deliveries. It was a 25% YoY increase and 34% jump from Q1 as the company tries to rebound.

A spike in gas prices due to the war in the Middle East appear to have given the EV industry a shot in the arm.