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Tesla exceeds expectations with over 480,000 deliveries in the second quarter
Tesla delivered 480,126 electric vehicles in the second quarter of 2026, exceeding market expectations. The company’s deliveries increased 25 percent year-on-year, driven by strong demand in Europe even as US demand slowed.
Tesla released its production and delivery figures for the second quarter of 2026. The company delivered 480,126 vehicles in the April-June period, significantly outpacing analyst estimates. Production in the same period stood at 451,758 units, meaning deliveries exceeded output by about 28,000 vehicles, helping to reduce accumulated inventory.
The market expectation, as compiled by Bloomberg in a consensus estimate, was 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 surpassed even the most optimistic projections.
The Model 3 and Model Y accounted for the vast majority of sales. A total of 467,762 of these two models were delivered, while other models such as the Cybertruck, Model S and Model X saw combined deliveries of 12,364.
Tesla entered the second quarter with over 50,000 unsold vehicles carried over from the previous period. Thanks to deliveries outpacing production, this inventory was substantially reduced. The results also reversed the company’s nearly two-year trend of declining sales; deliveries rose for a second consecutive quarter on a year-on-year basis, climbing 25 percent from the same period a year earlier. This also marked the highest delivery performance for a second quarter in the company’s history.
In the US market, Tesla sales were expected to drop around 20 percent year-on-year due to the expiration of the federal $7,500 electric vehicle tax credit. However, robust demand in international markets, notably in Europe, driven partly by rising fuel prices, offset the decline in the American market.
Analysts note that the strong second-quarter data increases the likelihood that Tesla will achieve growth over the full year 2026. Earlier, annual sales growth had been forecast to be limited to just 1 percent. Nevertheless, they point out that the company’s market valuation still rests heavily on expectations of expansion into artificial intelligence, autonomous driving and space projects.
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