Tesla Inc (NASDAQ:TSLA) reported second quarter vehicle deliveries of 480,126 and production of 451,758, surpassing Wall Street expectations as the electric vehicle maker seeks to reverse recent sales declines.
The company delivered 467,762 Model 3 and Model Y vehicles during the quarter, while deliveries of its other models totaled 12,364. Tesla produced 442,936 Model 3 and Model Y vehicles and 8,822 vehicles across its other models.
Analysts had expected deliveries of about 406,600 vehicles, according to a StreetAccount consensus, while Tesla's company-compiled consensus forecast 406,024 deliveries.
The Q2 delivery total was up about 25% from approximately 384,000 vehicles delivered in the same period last year and 34% higher than the 358,023 vehicles delivered in the first quarter of 2026.
Tesla also reported deploying 13.5 GWh of energy storage products during the quarter.
Despite the stronger-than-expected delivery results, Tesla shares were down 7% on Thursday morning, likely reflecting profit taking.