For the quarter ending June 30, 2026, Tesla is projected to report consensus revenue of $26.4 billion and adjusted earnings per share of $0.54, with the stock trading near $380.84 against an average analyst price target of $425.22. The primary focus for investors is automotive gross margin excluding regulatory credits, which is expected to land at approximately 18.2%.
This report follows a record-breaking delivery count of 480,126 vehicles, which significantly outpaced Wall Street's expectations and suggests a return to year-over-year volume growth. However, concerns remain regarding whether these deliveries were fueled by aggressive discounting and financing incentives that could pressure bottom-line profitability and free cash flow.