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 July 12 announcement. Investors expressed concern regarding intensifying competition from Chinese EV makers like BYD. The market questioned the sustainability of Tesla's growth trajectory and its premium valuation.
Deliveries from Tesla's China factory now account for less than 30% of the total volume. This figure previously exceeded 40% of total deliveries.
Tesla will release its full Q2 earnings report on July 22. This upcoming report will provide details on automotive margins and future guidance.