Tesla Q2 2026 Earnings Report

✨Key Points

– Tesla Cybercab has started production at the Texas Superfactory

– Tesla Electric Truck Semi will start mass production at the new factory in Nevada this year as planned

– Battery pack capacity expansion continues to make progress, battery pack capacity is the main limiting factor for recent EV production increases

– Texas Energy Superfactory is close to completion and plans to start production this year

– More and more customers are choosing to subscribe to Tesla Autopilot software when purchasing a vehicle!

– Tesla Robotaxi service area continues to expand, now launched in 7 major cities in the US

– After the Model S and Model X production lines were retired, the Fremont factory began building the Tesla Optimus humanoid robot production line, planned to start production later this year

We are committed to driving transformation in transportation, energy, and productivity through leading real-world AI technology, and there is still a huge amount of difficult work to be done. Scaling will not happen overnight, we will continue to focus on long-term value creation.

We have never been more optimistic about the future.

🚗EV Business

– Deliveries hit record highs in multiple markets: South Korea, Australia, Colombia, Japan, Thailand, Portugal, Philippines, Chile, Slovenia, Lithuania, etc.

– We launched Model Y L in the US in July, with a strong market response

☀️Energy Generation and Storage

– Shanghai Energy Superfactory production reached a new record, driving EMEA (Europe, Middle East, and Africa) market energy storage installations to hit record highs; Shanghai Energy Superfactory continues to ramp up capacity

– The new Energy Superfactory in Texas will start production of the third-generation Megapack and Megablock energy storage systems this year as planned

– Tesla Home Storage System Powerwall 3P (Three-phase version) is now available in Germany, 1 unit is sufficient to meet the power needs of an average German household

🤖Humanoid Robot Business

– We are installing the first generation production line for Tesla Optimus humanoid robots at the Fremont factory, expected to start production soon

– The first batch of Tesla Optimus robots will be used for our Optimus Academy, to collect training data and further develop new features

– In addition, we continue to advance the site development of the Texas Superfactory, construction work has fully commenced

⚙️AI Training Compute

– In the first half of 2026, our local compute scale in Texas (calculated by compute megawatts) increased by more than double

– Cortex 2 training cluster supports the development of EV autonomous driving and humanoid robot autonomy software, and will continue to scale up this year

🔋Battery

– New battery and material factories continue to ramp up capacity, including EV battery pack capacity in Berlin, cathode material production and lithium refining in Texas, and LFP cell production lines in Nevada for energy storage products

– We are increasing 4680 cell production to support the capacity ramp of Tesla Cybercab, Tesla Electric Truck Semi, and Model Y production increase

🏭Other Infrastructure

– Net addition of Superchargers exceeds 2,400, charging network scale grew 17% year-over-year

💡AI Software

– Started pushing Autopilot v14 lite to early customers in the US and South Korea markets equipped with AI3 Autopilot hardware

This software version migrates the driving capabilities of the AI4 Autopilot hardware v14 series to the camera and compute configuration of AI3 Autopilot hardware, bringing features such as destination options and speed settings. At the same time, this version further handles complex driving scenarios through stronger proactive prediction and real-time response capabilities.

🦾AI Inference Compute

– Construction and equipment procurement at our chip factory in Austin continue to make progress

🛜EV and Other Software

– Launching Summer Software Update:

Autopilot statistics can now be viewed in the mobile application

Grok can execute calls, search and play music, adjust air conditioning, etc.

Autopilot navigation functionality expands from home and workplace to more destinations, providing support based on personal habits and schedules

🚕Tesla Robotaxi Service

– Tesla Cybercab fully autonomous electric vehicle has started production. This is an EV built specifically for autonomous driving, intended to be the flagship model of the Tesla Robotaxi fleet

– Starting in July, Tesla Cybercab test ride services are being provided to employees within the Texas Superfactory campus

– Preparing to expand Tesla Robotaxi service to more US cities, including testing, permitting approvals, and frontline emergency response personnel training

– Tesla Robotaxi service without safety drivers has expanded to the entire Austin metropolitan area, and launched in Miami, Orlando, and Tampa in July

🧠Autopilot

– Net new subscriptions in Q2 hit a record high

– North American Autopilot option rate hit a record high, more than half of new vehicles subscribed to Autopilot at delivery

– Approved in Lithuania, Estonia, Denmark, and Belgium markets; as of July, customers in these countries have accumulated over 50 million kilometers using Autopilot

Thank you to all customers, employees, suppliers, shareholders, and supporters who helped us achieve these results ❤️