Tesla Q2 Earnings Preview: ~480K Deliveries, 1.3M FSD Subs, Robotaxi Expansion
TSLA sits 24% above its 52-week low of $297.82.
Summary
Tesla reports Q2 2026 after the close with consensus estimates around $0.52–0.54 EPS on $25.7–$26B revenue, up from $0.41 adj. EPS and $22.39B revenue in Q1. Deliveries rose to ~480K vehicles, and the company ended Q1 with about 1.3M FSD subscriptions. Operational updates include a 20% output boost at Giga Berlin to ~7,500 cars/week and the start of limited unsupervised robotaxi rides in Miami on July 3, adding to existing services in Texas and California. Tesla also disclosed a material Bitcoin position and may detail its treasury strategy. Morgan Stanley raised its price target to $417 from $415, citing stronger auto and energy results. The report will be closely watched for guidance amid AI-driven market moves and macro volatility.
At the time of this announcement, TSLA was trading at $370.50 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.4T. The 52-week trading range was $297.82 to $498.83. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.