TESLA, INC. · NASDAQ: TSLA
Tesla, Inc. (TSLA) Stock Research
Research Tesla, Inc. (TSLA) earnings, business trends, valuation context, institutional ownership, risks, and the next investor checkpoints.
- Latest financial period
- Q2 2026
- Latest filing
- Jul 23, 2026
- Research updated
- Sep 15, 2026
01
Reported evidence
Latest TSLA financial snapshot
Q2 2026 · filed Jul 23, 202602
Latest filing analysis
What changed in the latest reported period
Q2 2026 revenue reached $28.24 billion, up 26% from $22.50 billion a year earlier.
Automotive revenue increased 23% to $20.52 billion as automotive sales benefited from approximately 25% higher cash deliveries.
Energy generation and storage revenue increased 13% to $3.14 billion, led by higher Megapack deployments, while segment gross margin fell to 20.4% from 30.3%.
Services and other revenue increased 50% to $4.58 billion, driven by used vehicles, maintenance and collision services, and paid Supercharging sessions.
GAAP operating income fell 57% to $398 million and diluted EPS declined to $0.32 from $0.33 as research and development spending increased 49%.
03
BasisPilot
What matters for TSLA now
Vehicle deliveries and pricing
Automotive sales revenue grew 27% as cash deliveries increased approximately 25%. Sales mix, foreign exchange and FSD subscription revenue also affected the comparison.
Evidence checkpointAutomotive profitability
Automotive gross profit was $4.11 billion on $20.52 billion of segment revenue. Regulatory credit revenue fell 67%, reducing a historically high-margin contribution.
Evidence checkpointAI and autonomy investment
Tesla said it is investing heavily in AI, software and fleet-based opportunities and expects 2026 capital expenditures above $25 billion, which will weigh on profitability during the investment phase.
Evidence checkpointEnergy economics
Energy revenue grew 13%, but gross margin fell to 20.4% because of deployment mix, lower Megapack pricing and warranty adjustments.
Evidence checkpointCash and funding
Tesla held $43.53 billion of cash, cash equivalents and short-term investments at June 30, 2026, while accelerating spending on compute, data centers and manufacturing capacity.
Evidence checkpoint04
Revenue mix
How Tesla, Inc. makes money
05
Historical filings
TSLA earnings history
| Period | Revenue | YoY | EPS | Filed |
|---|---|---|---|---|
| Q2 2026 | $28.2B | 25.5% | 0.32 | Jul 23, 2026 |
| CY2026Q1 | $22.4B | 15.8% | 0.13 | Apr 23, 2026 |
06
Valuation context
TSLA valuation
Evaluate TSLA through revenue growth, margins, cash generation and the expectations implied by the market price. BasisPilot does not display an undated valuation multiple.
07
SEC 13F
Institutional ownership
15
BasisPilot Insights
Latest Tesla, Inc. research
Sep 16, 2026
Tesla Cybercab Faces New NHTSA Questions: What the September 30 Deadline Means for TSLA
NHTSA has ordered Tesla to answer detailed questions about Cybercab certification by September 30. Here is what regulators are asking and why the issue matters for Tesla’s robotaxi rollout.
Sep 14, 2026Tesla Roadster October 1 Reveal: Why the Long-Delayed Launch Matters for TSLA
Elon Musk says Tesla will unveil the long-delayed next-generation Roadster on October 1, 2026. Here is what investors should watch in pricing, production, technology and TSLA.
Sep 7, 2026Tesla Cybercab NHTSA Audit: What the Investigation Means for TSLA and Robotaxi Scaling
NHTSA opened an Audit Query into Tesla’s Cybercab self-certification after commercial deployment in Austin. Here is what regulators are reviewing and why it matters for Tesla’s robotaxi valuation.
Sep 6, 2026Tesla Cybercab NHTSA Audit Explained: What the Investigation Means for TSLA and Robotaxi Scaling
NHTSA opened an Audit Query into Tesla’s Cybercab self-certification after commercial deployment in Austin. Here is what regulators are reviewing and why it matters for Tesla’s robotaxi valuation.
Sep 5, 2026Tesla Cybercab Investigation Explained: Why TSLA Fell and What NHTSA Is Reviewing
NHTSA opened an audit into Tesla’s Cybercab self-certification after commercial deployment in Austin. Here is what regulators are reviewing and why the outcome matters for Tesla’s robotaxi strategy.
14
Decision support
Risks and next checkpoints
Vehicle demand, pricing and product mix can change rapidly and directly affect automotive revenue and gross margin.
AI, Robotaxi, FSD and Optimus investments require large research and capital spending before commercial returns are established.
Regulatory credit revenue is declining and depends on changing government programs and other automakers' demand for credits.
Energy storage growth is exposed to tariff costs, deployment timing, Megapack pricing and warranty adjustments.
Tesla's global manufacturing and battery supply chain is exposed to trade policy, tariffs, commodity availability and geopolitical disruption.
Autonomy products face technical, legal and regulatory requirements; delays or adverse outcomes could affect adoption and valuation expectations.
16
FAQ
TSLA investor questions
What was Tesla's Q2 2026 revenue?
Tesla reported $28.24 billion of Q2 2026 revenue, up 26% year over year, and $398 million of GAAP operating income.
How did Tesla's automotive business perform?
Automotive revenue increased 23% to $20.52 billion as cash deliveries rose approximately 25%, while regulatory credit revenue declined 67%.
Is Tesla's energy business growing?
Energy generation and storage revenue increased 13% to $3.14 billion, but segment gross margin declined to 20.4% from 30.3%.
How much capital spending does Tesla expect in 2026?
Tesla said it expects 2026 capital expenditures above $25 billion, driven by AI, compute and data centers, manufacturing, and research and development capacity.
Can TSLA 13F data show institutions' real-time cost basis?
No. Form 13F is a delayed quarter-end filing and does not reveal real-time trades or true historical cost. Reported value divided by shares only gives a quarter-end implied price.
What should TSLA investors monitor next?
Key checkpoints are vehicle deliveries and pricing, automotive margin, AI and autonomy spending, energy margin, and commercialization milestones for Robotaxi, FSD and Optimus.
17
Provenance
Sources and methodology
Primary SEC filings and issuer releases take precedence. Financial, market, ownership and page-update dates are shown separately, while historical values retain their original reporting period.