Tesla Misses Q2 Profit Estimates on EV Price Cuts and a $1.09 Billion Cash Burn From AI Investment
Tesla reported second-quarter earnings that missed estimates, with adjusted earnings per share of $0.33 against a $0.51 forecast and gross margins falling to 16.8%, despite revenue hitting $28.24 billion. Profit compression resulted from reduced vehicle pricing needed to boost deliveries, alongside a drop in regulatory credit sales.
Capital outlays for artificial intelligence computing and robotics manufacturing drove free cash flow to a negative $1.09 billion, marking the first quarterly cash burn in more than two years. The company expects total 2026 capital spending to surpass $25 billion, funding the start of Cybercab production at Gigafactory Texas, the installation of the first Optimus human-robot assembly lines at Fremont, and a secured high-volume memory chip allocation from Micron to power upcoming robotaxi and AI training operations.
From the sources (25 posts)
@sawyermerrittHere's the livestream link for Tesla's Q2 earnings call today, which will begin at 5:30 PM ET.
@sawyermerrittTesla's Q2 earnings report will come out in ~30 minutes.
@tradfi*TESLA 2Q REV. $28.24B, EST. $26.32B *TESLA 2Q EPS 32C VS. 33C Y/Y *TESLA 2Q ADJ EPS 33C, EST. 51C *TESLA 2Q GROSS MARGIN 16.8%, EST. 19.4% $TSLA
@wallstengine$TSLA 2Q REV. $28.24B, EST. $26.32B TESLA 2Q EPS 32C VS. 33C Y/Y TESLA 2Q ADJ EPS 33C, EST. 51C TESLA 2Q GROSS MARGIN 16.8%, EST. 19.4%
@tradfi*TESLA EXPECTS OPTIMUS PRODUCTION IN FREMONT LATER THIS YEAR $TSLA
@financialjuiceTSLA Q2 2026 Earnings $TSLA Adj. EPS $0.33, est. $0.51 Rev. $28.24B, est. $26.32B EPS $0.32, vs. $0.33 y/y Gross margin 16.8%, est. 19.4% Automotive rev. $20.52B, est. $18.68B Services and other rev. $4.58B, est. $3.72B Energy generation a
@sawyermerrittTesla has just released their Q2 earnings results. Highlights: • EPS (non-GAAP): $0.33 (vs. $0.55 est) • Revenue: $28.2B (vs. $27.6B est) • Gross margin: 16.8% • Net income (GAAP): $1.11B • Free cash flow: -$1.1B
@stockmktnewzTESLA $TSLA JUST REPORTED EARNINGS EPS of $0.33 missing expectations of $0.44🔴 Revenue of $28.2B beating expectations of $25.2B🟢
@stocksavvyshay$TSLA Q2 EARNINGS • Revenue $28.2B vs Est. $26.3B • EPS $0.33 vs Est. $0.50 • Gross Margin 17% vs Est. 19% • Energy Revenue $3.1B vs Est. $3.8B • FCF ($1.1B) vs Est. ($3.6B) Tesla expects Optimus production in Fremont later this year. htt
@sawyermerrittTesla FSD subscriptions went up 56% in Q2 2026 to 1.48 million, an increase of 200,000 from Q1 2026. Tesla added more FSD subscribers in Q2 than in any quarter in its history.
@sawyermerrittTesla: "Cybercab began production at Gigafactory Texas, and Tesla Semi remains on track for production this year at our new factory in Nevada. Progress also continued on battery pack capacity expansion - the main limiting factor to near-ter
@sawyermerrittTesla: "Tesla is in its largest and most exciting period of investment. From here, there remains much hard work as we aim to revolutionize transportation, energy and productivity through our leading real-world AI. Scaling will be non-linear
@unusual_whalesBREAKING: Tesla, $TSLA, earnings: - EPS: $0.33, est: $0.54 - Revenue: $28.2 billion, est: $26.4 billion
@stockmktnewzTesla $TSLA just said it has the capacity to make more than 125K Cybercabs per year
@alphasenseinc$TSLA raised 2026 CapEx guidance to over $25B, up from $20B+ last quarter and more than double the $9B spent in 2025. - Model S and X production ceasing in Q2 2026 - Fremont assembly space converting to Optimus humanoid robot production, t
@firstsquawkTESLA Q2 2026: REVENUE $28.24B (EST $26.32B); ADJ EPS $0.33 (EST $0.51); EPS $0.32 (PRIOR $0.33); GROSS MARGIN 16.8% (EST 19.4%); AUTOMOTIVE REVENUE $20.52B (EST $18.68B); SERVICES AND OTHER $4.58B (EST $3.72B); ENERGY GENERATION AND STORAG
@gurgavinTESLA JUST REPORTED EARNINGS *TESLA 2Q REV. $28.24B, EST. $26.32B ( BEAT ✅ ) *TESLA 2Q ADJ EPS 33C, EST. 51C ( MISS ❌ ) *TESLA 2Q GROSS MARGIN 16.8%, EST. 19.4% ( MISS ❌ ) $TSLA
@financialjuice2Q Operating Income $398m, est. $1.39b
@barchartTesla $TSLA getting pounded after missing badly on earnings 📉📉
@alphasenseinc$TSLA Earnings: - Revenue $28.2B - EPS $0.33 - Gross Margin 17% - Operating cash flow of $4.7B - $1.1B GAAP net income - $1.2B non-GAAP net income "Q2 was a strong quarter for our core vehicle, energy and services businesses as well as ou
@trendspiderTESLA MISSES ON EARNINGS 🩸 Q2 Adj. EPS: $0.33 vs $0.50 est Q2 REV: $28.236B vs $25.706B est $TSLA 🟥 -2.87%
@brewmarketsTesla earnings: • Revenue: $28.24B vs $25.71B expected • EPS: $0.33 vs $0.51 expected
@firstsquawkTESLA Q2 2026: REVENUE $28.24B (EST $25.71B); ADJ EPS $0.33; OPERATING MARGIN 1.4%; GROSS MARGIN 16.8%; FREE CASH FLOW -$1.09B; CAPEX -$5.79B
@firstsquawkTESLA: OPTIMUS FIRST-GENERATION PRODUCTION LINES BEING INSTALLED; MEGAFACTORY TEXAS NEARING COMPLETION WITH PRODUCTION PLANNED THIS YEAR; ROBOTAXI NOW LIVE IN SEVEN MAJOR U.S. METROS; TESLA SEMI AND MEGAPACK 3 ON SCHEDULE FOR 2026 PRODUCTIO
@alojohTesla is down 2.2% on release of Q2 2026 results