Tesla profit misses forecasts as costs rise and production timelines slip
Tesla reported quarterly earnings below Wall Street forecasts despite higher revenue, while increased spending accompanied delays to production plans for several newer products.
Tesla reported weaker-than-expected second-quarter profit on July 22, 2026, even as revenue grew, with rising operating and capital spending weighing on the electric-vehicle maker’s results.
The company posted earnings of 31 cents per share, compared with the 51 cents per share expected by Wall Street, according to The Guardian. Revenue reached $28.23 billion, above the $25.71 billion forecast, but Tesla shares fell more than 3 percent in after-hours trading following the release.
TechCrunch separately reported that Tesla’s revenue rose 26 percent but that higher expenses and capital expenditure offset that growth. The company also pushed back production timelines connected to Cybercab, Semi and Megapack.
The results come as Tesla directs more attention and investment toward autonomous driving, robotics and artificial intelligence. That transition is expanding the company’s spending requirements while investors assess how quickly newer products can develop into significant sources of revenue.
