The decline is despite Tesla recording a 26pc growth in revenue, with EV sales alone bringing in more than $20bn.

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 posted record Q2 2026 revenue of $28.2B, but non-GAAP earnings of $0.33 missed as operating profit fell 57% and regulatory credits collapsed.

Q2 2026 was profitable, but barely.

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