Tesla surpasses expectations with over 480,000 deliveries in second quarter

Tesla delivered 480,126 electric vehicles in the second quarter of 2026, surpassing market expectations. The company's deliveries rose 25% year-on-year, driven by strong demand in Europe despite a slowdown in the United States.

Scraper SystemJuly 02, 2026, 11:02 PM

Tesla surpasses expectations with over 480,000 deliveries in second quarter

Tesla announced its production and delivery figures for the second quarter of 2026. The company delivered 480,126 vehicles during the April-June period, significantly beating analysts’ estimates. Production, meanwhile, stood at 451,758 units, meaning deliveries exceeded production by around 28,000 vehicles, helping to reduce accumulated inventory.

The market expectation, based on a Bloomberg consensus estimate, stood at around 396,000 vehicles. Major investment banks Goldman Sachs, Barclays, and Morgan Stanley had forecast deliveries in the range of 413,000 to 420,000. The actual figure even surpassed the most optimistic projections.

The vast majority of sales came from Model 3 and Model Y. A total of 467,762 units of these two models were delivered, while deliveries of other models such as the Cybertruck, Model S, and Model X totaled 12,364.

Tesla entered the second quarter with more than 50,000 unsold vehicles from the previous period. Thanks to deliveries outpacing production, that inventory shrank significantly. The results also reversed the company’s nearly two-year sales decline; for the second straight quarter, deliveries rose year-on-year, climbing 25% compared to the same period a year earlier. It was also the company’s highest delivery performance for a second quarter ever.

In the US market, Tesla sales had been expected to fall about 20% year-on-year due to the expiration of the $7,500 federal electric vehicle tax credit. However, robust demand in international markets, especially Europe, helped by rising fuel prices, offset the decline in the American market.

Analysts note that the strong second-quarter figures increase the likelihood of Tesla achieving growth for the full year 2026. Previously, annual sales growth had been forecast at just 1%. At the same time, they point out that the market valuation remains heavily dependent on expectations around the company’s expansion into artificial intelligence, autonomous driving, and space projects.

Tesla surpasses expectations with over 480,000 deliveries in second quarter