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Compared to Estimates, Tesla (TSLA) Q2 Earnings: A Look at Key Metrics
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Tesla (TSLA - Free Report) reported $28.24 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 25.5%. EPS of $0.33 for the same period compares to $0.40 a year ago.
The reported revenue represents a surprise of +9.41% over the Zacks Consensus Estimate of $25.81 billion. With the consensus EPS estimate being $0.50, the EPS surprise was -34%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tesla performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total vehicle deliveries: 480,126 versus the six-analyst average estimate of 431,186.
Other models deliveries: 12,364 versus the five-analyst average estimate of 9,874.
Model 3/Y deliveries: 467,762 compared to the 426,145 average estimate based on five analysts.
Storage deployed: 13,500.00 MWh versus the two-analyst average estimate of 13,077.47 MWh.
Total Leased Units: 7,580 versus 9,800 estimated by two analysts on average.
Revenues- Automotive sales: $20.01 billion versus $18.35 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +26.7% change.
Revenues- Energy generation and storage: $3.14 billion versus the eight-analyst average estimate of $3.55 billion. The reported number represents a year-over-year change of +12.6%.
Revenues- Services and other: $4.58 billion versus $3.8 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +50.4% change.
Revenues- Automotive regulatory credits: $146 million versus $374.71 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -66.7% change.
Revenues- Automotive leasing: $364 million versus $313.42 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -16.3% change.
Total Automotive Revenue: $20.52 billion compared to the $15.83 billion average estimate based on four analysts. The reported number represents a change of +23.1% year over year.
Gross profit- Total Automotive: $3.14 billion compared to the $3.73 billion average estimate based on five analysts.
Shares of Tesla have returned -0.7% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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Compared to Estimates, Tesla (TSLA) Q2 Earnings: A Look at Key Metrics
Tesla (TSLA - Free Report) reported $28.24 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 25.5%. EPS of $0.33 for the same period compares to $0.40 a year ago.
The reported revenue represents a surprise of +9.41% over the Zacks Consensus Estimate of $25.81 billion. With the consensus EPS estimate being $0.50, the EPS surprise was -34%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tesla performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Tesla here>>>
Shares of Tesla have returned -0.7% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.