Tesla Q2 Beats Revenue, Misses Profit: Stock Readies for Swing

Tesla just dropped its Q2 earnings report, bringing a mixed bag for investors. The company pulled in $28.24 billion in revenue, beating Wall Street estimates of around $26.3 billion. That top line strength came from record vehicle deliveries of 480,126 units, marking a 25 percent jump compared to last year. Energy storage also stood out with 13.5 GWh deployed.

Despite the sales volume, profitability took a hit. Adjusted earnings per share landed at $0.33, missing the expected $0.51. Automotive gross margins dropped to 16.8 percent, falling short of the roughly 19.4 percent consensus due to ongoing pricing pressures and costs.

Attention now shifts to management plans for artificial intelligence and robotics. Tesla confirmed that Optimus humanoid robot production starts at the Fremont factory later this year, with a second line slated for Texas in 2027.

Traders should expect choppy price action as the market digests the earnings call details. Key things to watch next include robotaxi timelines, full self driving adoption updates, and capital expenditure guidance.