Tesla quarter: revenue up 26% to $28.2 billion while net income slips to $1.1 billion
Tesla's 10-Q for the quarter ended June 30, 2026 reports total revenues of $28.2 billion, up from $22.5 billion a year earlier, led by automotive sales of $20.0 billion. Net income attributable to common stockholders was $1.11 billion — slightly below the year-ago $1.17 billion — with basic earnings per share of $0.34. Automotive regulatory credits fell to $146 million from $439 million.
What Happened
Tesla filed its quarterly report (10-Q) with the SEC on July 23 for the quarter ended June 30, 2026. Total revenues were $28,236 million against $22,496 million a year earlier. Automotive sales contributed $20,006 million, energy generation and storage sales $2,998 million, and services and other $4,581 million.
The Reported Numbers
Net income attributable to common stockholders was $1,114 million for the quarter, against $1,172 million a year earlier; basic earnings per share were $0.34. Automotive regulatory credits revenue fell to $146 million from $439 million — a decrease of $293 million, or 67%, on the filing's own figures. Deferred revenue tied to internet connectivity, FSD (Supervised) features and software updates stood at $4.05 billion as of June 30, 2026.
Why This Matters
The quarter's shape is the story: revenue grew 26% while net income edged lower. Tesla reports that total automotive gross margin decreased from 17.2% to 16.9% year on year, and attributes that movement primarily to changes in automotive sales revenue and cost of automotive sales revenue together with the decrease in regulatory credits revenue. The filing does not quantify how much of the change each factor accounts for.
What Is Still Unresolved
A 10-Q reports results, not guidance. Vehicle deliveries, pricing actions and segment margins beyond the statements are not covered here, and quarter-to-quarter profitability depends on factors the filing does not project.
What To Watch Next
The third-quarter report — in particular whether the regulatory-credit decline continues and how energy and services growth carries through to profit.
Verification Status
Primary source: SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1318605/000162828026049270/tsla-20260630.htm). An official source is authoritative for what THAT party published; it does not by itself confirm third-party claims. Silence from other parties is never treated as denial.
Sources
Primary source: SEC EDGAR — https://www.sec.gov/Archives/edgar/data/1318605/000162828026049270/tsla-20260630.htm
Disclaimer
For market-reference purposes only. Trading/investment decisions remain the user's responsibility.
Sources & evidence
- SEC EDGAR (official)
Primary source: SEC EDGAR. Live public-display equity pricing is not connected yet, so no equity price reaction is shown.
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