Tesla has revealed its second-quarter financial figures, revealing strong vehicle sales, but weaker-than-expected financial results as the company invests heavily in automation and AI technologies.

Sales from Tesla’s automotive division remained strong, reporting its second-best quarterly result with 480,126 vehicles delivered globally, up from 384,122 for the same period in 2025.

Tesla’s Model 3 sedan and Model Y SUV contributed the lion’s share of sales, with 467,762 units, while ‘other vehicles’ including the Cybertruck, Semi truck, and final deliveries of the now-discontinued Model S and Model Y, accounted for 12,364 units combined.

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Tesla’s revenue, at US$28.2 billion (A$40.5b) exceeded estimates from analysts ahead of official figures, however, Tesla’s gross margin underperformed compared to expectations. Tesla reported a 16.3 per cent margin, down from analyst callouts of just over 18 per cent.

Tesla’s reliance on its automotive division, once the powerhouse for the company, is under pressure as competition increases and rivals introduce newer and more affordable models. Tesla’s energy storage operations, meanwhile, saw a surge in demand as the company rushes to serve the needs of data centres and the growing demand for renewable energy.

Despite energy storage product sales hitting 13.5 Gigawatt-hours of capacity, up from 9.6GWh in the year prior, Tesla’s spending on its robotics program and self-driving vehicle technology is set to triple in 2026. The increased investment has kept profits in check.

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The publication of Tesla’s quarterly financials saw stock prices close 14.5 per cent lower, at US$319.69 (A458.82)

Tesla’s automotive sales in Australia over the first six months of the year saw the US automaker boost sales by a massive 66.7 per cent year to date, with 23,588 sales of the Model 3 and Model Y. Over the same period in 2025, Tesla delivered 14,146 vehicles.

Tesla’s bulk import schedule, rather than keeping a consistent flow of vehicles month-to-month, saw the brand deliver over one-third of its year-to-date sales in the month of June, with 8670 sales recorded for the month.