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Tesla exceeds expectations with over 480,000 deliveries in second quarter
Tesla exceeded market expectations by delivering 480,126 electric vehicles in the second quarter of 2026. The company's deliveries rose 25 percent year-on-year, driven by strong demand in Europe despite slowing demand in the US.
Tesla announced its production and delivery figures for the second quarter of 2026. The company delivered 480,126 vehicles in the April-June period, significantly exceeding analyst estimates. Production in the same period stood at 451,758 units, meaning deliveries outpaced production by about 28,000 units, helping to reduce accumulated inventory.
Bloomberg's consensus estimate had placed market expectations at around 396,000 vehicles. Meanwhile, major investment banks Goldman Sachs, Barclays and Morgan Stanley forecast deliveries between 413,000 and 420,000. The actual figure surpassed even the most optimistic forecasts.
Model 3 and Model Y accounted for the vast majority of sales, with 467,762 units delivered. Deliveries of other models, including Cybertruck, Model S and Model X, totaled 12,364.
Tesla entered the second quarter with more than 50,000 unsold vehicles carried over from the previous quarter. Deliveries exceeding production significantly reduced that inventory. The results also reversed a nearly two-year sales decline trend: deliveries rose for the second consecutive quarter year-on-year, climbing 25 percent from the same period a year earlier. This also marked the company's highest-ever second-quarter delivery performance.
Tesla sales had been expected to fall around 20 percent year-on-year in the US market due to the expiration of the $7,500 federal electric vehicle tax credit. However, strong demand in international markets, particularly Europe, buoyed by rising fuel prices, offset the decline in the American market.
Analysts say the strong second-quarter data increases Tesla's chances of achieving growth for the full year 2026. Previously, annual sales growth had been forecast to be limited to just 1 percent. They point out, however, that the market valuation is still largely driven by expectations of the company's expansion into artificial intelligence, autonomous driving, and space projects.
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