Q2 2026 Update (shareholder deck)

Highlights Financial Summary Operational Summary Manufacturing & Hardware Supporting Infrastructure AI & Software Services Outlook Photos & Charts Key Metrics Financial Statements Additional Information

H I G H L I G H T S

Profitability $0.4B GAAP operating income

$1.1B GAAP net income

$1.2B non-GAAP net income1

Cash Operating cash flow of $4.7B

Free cash flow2 of negative $1.1B

Q2 was a strong quarter for our core vehicle, energy and services businesses as well as our manufacturing, infrastructure and AI initiatives. Our focus remains on strengthening these core businesses and making the necessary investments that will deliver Amazing Abundance.

$1.2B decrease in our cash and investments3

Tesla generated over $100B in revenue on a trailing twelve-month basis for the first time. We achieved record second-quarter vehicle deliveries, with continued growth in new markets and strength in established markets. Our Energy Storage business returned to growth, achieving its second-best quarterly deployment number and record deployments on a trailing twelve-month basis. The Services and Other business achieved record profitability and margin in the quarter.

Operations Record Q2 vehicle deliv