Tesla's second-quarter 2026 earnings report showed a jump in revenue but a decline in profit, and shares plunged both before and after the market
Tesla's revenue in the second quarter of 2026 increased by about 26% year-on-year, the highest growth rate in three years, and the automotive and services business performed strongly, but its earnings fell by 18% to earnings per share of $0.33, far below expectations, and its gross profit margin fell sharply to 16.3%-16.8%. The sharp increase in capital expenditure led to negative free cash flow. The company is in the largest investment stage, and its share price fell by more than 4% before the market and also fell after the market. In addition, Tesla held 11,509 Bitcoin that have not been bought and sold for nearly four years, and made an impairment loss of $112 million in the second quarter.
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