Tesla delivered a record 480,126 vehicles in the second quarter of 2026. This volume represents a 25% increase year-over-year. The company produced approximately 452,000 vehicles during the same period.
Tesla (TSLA) shares fell 8% following the report despite beating delivery expectations. Investors expressed concern over intensifying competition from Chinese rivals like BYD. The market is questioning the company's premium valuation and long-term growth trajectory.
Deliveries from the China factory now account for less than 30% of the total. This figure previously exceeded 40% of total deliveries. Tesla will release its full second-quarter earnings report on July 22, 2026. The report will provide details on automotive margins and future guidance.