Tesla Shares Drop 15% After Q2 Earnings Miss, Despite Record Revenue
Tesla's stock fell nearly 15% following its second-quarter earnings report in July 2026. The drop came despite record revenue of $28.2 billion and a new high for vehicle deliveries at 480,126 units — the company’s best Q2 performance ever. However, operating income declined sharply by 57% to just $398 million due to rising costs from AI development, robotaxi services, Optimus robots, stock-based compensation tied to CEO Elon Musk's pay package, and a drop in regulatory credit revenue. Despite the sharp decline, Wall Street analysts maintain an average price target of around $412 per share — implying about 29% upside from Tesla’s post-earnings closing price. The consensus analyst rating remains
Tickers: $TSLA
Topics: analyst ratings Q2 earnings report stock price drop Tesla