Tesla reported second-quarter profits of US$1.1 billion, down about 5 per cent from the year-ago level.

Tesla's profits fell last quarter as the car company run by Elon Musk shoveled more money into research and development, cutting into profits from a sharp increase in vehicle…

Tesla shares fell nearly 3% after hours after second quarter adjusted earnings and margins missed expectations despite record revenue and deliveries.

Q2 2026 was profitable, but barely.

Shares fell 2.8 per cent after the closing bell on Wall Street