Tesla Sales

Tesla Set a Revenue Record and Posted Its Worst Auto Margin Since the Price War

Tesla reported record Q2 revenue of $28.24 billion on July 22, up 26%, then showed a 16.8% automotive gross margin, its weakest since the 2023 price war, a fifth straight EPS miss at $0.33, and free cash flow at negative $1.09 billion.

Analysis & Insights

Tesla’s Robotaxi Lands in Miami With Nobody Watching From the Front Seat

Tesla launched fully unsupervised robotaxi rides in Miami on July 3, its first city outside Texas and its first with no safety monitor from day one. Five territories now run the service on three different trust settings. The launch lands in Waymo's announced Florida turf, and Tesla still publishes no safety data for unsupervised operation.

Analysis & Insights

Tesla Just Made China Its Tenth FSD Market. The Stock Moved 1%.

Tesla officially launched Full Self-Driving (Supervised) in China on May 21 as its tenth FSD market. Full vehicle-wide eligibility is targeted for Q3 2026. TSLA opened up about 1% premarket on the news. The Chinese OEM offensive across the past four weeks has done most of the discounting on what FSD-China was supposed to unlock.

Analysis & Insights

Lei Jun Called $57,300 ‘a Bit Expensive.’ That’s What Xiaomi Charges for the Fastest Production SUV at the Nürburgring.

Xiaomi launched the YU7 GT performance SUV at $57,300 with a 7:22.755 Nürburgring Nordschleife lap, the fastest production-SUV time on record. The same keynote refreshed the standard YU7 at $34,300, about $4,350 below the Tesla Model Y in China with 50 km more range. CEO Lei Jun called the price 'a bit expensive.'

Analysis & Insights

The Last Model S Rolled Off the Fremont Line Saturday. The Bench It Vacated Is Optimus.

Tesla built the final Model S and final Model X at Fremont on Saturday May 10, closing a 14-year Model S run and an 11-year Model X run at roughly 750K combined lifetime units. Fremont pivots to Optimus humanoid manufacturing.

Analysis & Insights

The Model Y Just Cleared a Test No One Else Has

NHTSA confirmed Thursday May 7 the 2026 Tesla Model Y is the first vehicle to pass the updated NCAP ADAS test suite. Eight pass-fail criteria apply, four newly added. Only Model Y units built on or after November 12, 2025 qualify. The cert dropped 24 days after Tesla Q1 and one day before the May 8 EU tariffs.

Analysis & Insights

Tesla’s $5 Billion CapEx Raise Landed the Same Week Musk Capped Hardware 3

Tesla beat Q1 on margins with 21.1 percent automotive gross margin, missed on deliveries at 358,023 units, and raised 2026 capex by $5 billion to $25 billion against negative free cash flow for the remaining three quarters. Musk told analysts Hardware 3 "simply does not have the capability to achieve unsupervised FSD" and scaled end-of-2026 robotaxi scope back from the "vast majority of the US" to "a dozen or so states." TD Cowen cut its price target from $519 to $490. The Dallas and Houston geofences opened at 0 to 2 percent first-day availability.