Tesla misses on earnings despite revenue beat
Revenue rose 26% to a record $28.24 billion, but non-GAAP earnings fell to $0.33 a share as operating income dropped 57%.
- Tesla released Q2 2026 financial results on July 22, reporting record revenue of $28.24 billion, exceeding Wall Street's roughly $26.4 billion estimate, but Non-GAAP EPS fell to $0.33 versus about $0.53 expected.
- Regulatory credit revenue plummeted to $146 million from $439 million after the federal EV tax credit expired on September 30, 2025, eliminating a key profit source that rivals had purchased from Tesla.
- Capital spending more than doubled to $5.8 billion as Tesla invested heavily in Optimus robot and robotaxi development, while Operating expenses jumped 47% to $4.35 billion, pushing free cash flow negative $1.1 billion.
- Despite Record deliveries of 480,126 vehicles, Operating income fell 57% to $398 million and operating margin sank to 1.4% from 4.1% a year ago, showing costs outpaced revenue growth.
- Energy storage deployment reached 13.5 GWh, up more than 40%, while trailing-twelve-month revenue topped $100 billion, positioning Tesla's diversified growth to offset automotive margin pressure going forward.
43 Articles
43 Articles
(Los Angeles = Yonhap News) Correspondent Kim Kyung-yoon = U.S. electric vehicle company Tesla posted disappointing earnings in the second quarter of this year, falling short of market expectations.
The car manufacturer finds more buyers again and makes progress with his Robotaxis. But the financial picture remains mixed.
Tesla closed the second quarter of 2026 with an attributable net profit of 1,114 million dollars (976.1 million euros), 5% less than the one recorded a year earlier, according to the data published this Wednesday by the North American company after the closure of Wall Street. Its gross operating result (Ebitda) adjusted in the second quarter was consolidated by 3,273 million dollars (2,867.9 million euros), a fact that supposes a 4% decrease on …
The Toronto Star
Earnings at Musk’s car company fall as research spending cuts into profit from selling cars
Tesla said Wednesday that its 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 sales.
Tesla Profit Falls Well Short of Expectations as Costs Rise
Tesla Inc. missed Wall Street’s profit expectations even after a strong quarter of auto sales, a setback for the electric-vehicle maker as it looks to build out new lines of business in robotics, autonomy and AI.
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