Tesla reported a 25 percent year-over-year increase in global vehicle deliveries for the second quarter of 2026, outperforming Wall Street forecasts amid a broader slowdown in the electric vehicle market.
The Austin-based automaker delivered 480,126 vehicles during the quarter, well above the 406,600 deliveries analysts had projected, according to reports from Yahoo Finance and Ars Technica.
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Tesla produced 451,758 vehicles globally between April and June, a 10 percent year-over-year increase, while reducing inventory backlogs by selling nearly 30,000 more cars than it manufactured.
Model 3 and Model Y Dominate Sales
The mass-market Model 3 and Model Y accounted for 97 percent of total sales, with 467,762 deliveries.
The remaining 12,364 units consisted of the Cybertruck and leftover inventory of the discontinued Model S and Model X.
Despite the strong delivery numbers, Tesla's stock fell nearly 8 percent on the day of the announcement due to concerns over tightening profit margins and premium valuations, as reported by Yahoo Finance.
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Registration data indicates that much of the sales growth came from Europe, while the U. S.
EV market share dropped to 5.4 percent from 8 percent a year earlier, according to Cox Automotive research.
In the domestic market, General Motors remained the second-largest EV seller behind Tesla, recording 56,679 units despite a 32.6 percent decline from the previous year.
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Tesla also deployed 13.5 GWh of energy storage in Q2 2026, a 40 percent increase compared to the same period in 2025.
