Tesla's revenues are recovering, but profits remain under pressure as the company ramps up spending on ambitious projects like AI infrastructure and robotics development.

Tesla delivered record units in Q2, but whether that translated into profit remains to be seen due to thin matgins and cash burn.

The company’s second quarter revenues are up 26 percent year over year, but its profits are down 5 percent.

Q2 2026 was profitable, but barely.

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