EVwire brief: Tesla delivered 480,126 vehicles in the second quarter of 2026, up 25% year-over-year and 34% over Q1, the company reported on Thursday. Production came in at 451,758, and Tesla deployed 13.5 GWh of energy storage.
Model 3 and Model Y accounted for 467,762 of the deliveries. Other Models, essentially the Cybertruck now that Model S and Model X production has ended, added 12,364, nearly 40% more than the 8,822 produced as Tesla sells down the last S and X inventory. About 2% of deliveries were subject to operating lease accounting.
On the energy side, the 13.5 GWh deployed is up 53% from Q1's 8.8 GWh and 41% from a year ago, just shy of the 13.8 GWh analysts expected and second only to the 14.2 GWh record set in Q4 2025.
The result obliterates Wall Street's expectations. Tesla's own company-compiled consensus, published on its IR page just last week, had analysts at a mean of 406,024 deliveries, so the actual figure landed about 74,000 vehicles (18%) above it.
Here’s the Street’s expectations:
The quarter is Tesla's best since its all-time record of 497,099 in Q3 2025, when US buyers rushed to beat the federal tax credit's expiration, and it is the company's strongest second quarter ever.
Deliveries outpacing production by roughly 28,000 vehicles also means Tesla worked off most of the excess inventory it built in Q1, when production ran about 50,000 units ahead of deliveries.
Tesla posts its full Q2 2026 financial results after market close on Wednesday, July 22, followed by a live Q&A webcast at 4:30 p.m. Central Time. We covered the Q1 earnings call in full here.
The Model Y carried a substantial portion of Tesla’s vehicle deliveries in Q2 2026
Context:
The blowout tracks with the demand signals that piled up through June. Tesla's European registrations staged a broad recovery, with France more than doubling and Sweden up 56%, while Australia handed Tesla an all-time national sales record as the Model Y cleared 8,000 units in a month for the first time.
Fuel prices, elevated since the outbreak of the war on Iran in late February, have pushed buyers toward EVs across multiple markets, and the six-seat Model Y L has broadened Tesla's best-seller lineup.
The first half now stands at 838,149 deliveries, up 16% from the same period last year and tracking right on the Street's full-year consensus of about 1.65 million. The soft spot remains the comparison everyone will reach for in three months: lapping Q3 2025's tax-credit-fueled record will be a tall order.
Source: Tesla's Q2 2026 Production, Deliveries and Deployments Report and its Company-Compiled Q2 Delivery Consensus
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