Tesla's Q2 2026 earnings missed profit estimates despite record revenue, sending shares down 10% and prompting analysts including Mizuho to cut

Tesla delivered 480,126 vehicles in Q2, beating estimates. The stock dropped. Rivian's R2 targets Tesla's core price band. Options traders are positioning bearish.

Tesla shares are trading in a narrow range ahead of Q2 earnings, with a bearish setup and mixed Edge Rankings keeping traders alert.

Q2 2026 was profitable, but barely.

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

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