Tesla Q2 FY26 GAAP net income falls 5% to $1.11 billion; revenue rises 26% to $28.24 billion YoY
TSLA•Deliveries and product updates
- Total deliveries climbed 25% to 480,126; Model 3/Y deliveries rose 25% to 467,762.
- Cybercab began production at Gigafactory Texas; Robotaxi rollout is live in seven major metros.
Tesla reports higher revenue but lower profit
- Tesla Q2 2026 revenue rose 26% to $28.24 billion, while GAAP operating income fell 57% to $398 million.
- GAAP net income attributable to common stockholders slipped 5% to $1.11 billion; diluted GAAP EPS eased 3% to $0.32.
- Free cash flow swung to negative $1.09 billion from positive, as capital expenditures more than doubled to $5.79 billion.
