Tesla

Tesla reports Q1 2026 revenue of $22.4B, 358,023 vehicle deliveries, 1.28M active FSD subscriptions, 8.8 GWh of storage deployed, and 8,463 Supercharger stations.

The first production Cybercab - Tesla's purpose-built two-seat autonomous vehicle with no steering wheel or pedals - rolls off the line at Gigafactory Texas on February 17, 2026, with continuous production beginning in April and 50+ units spotted on campus shortly after.

Tesla expands its unsupervised Robotaxi service to Dallas and Houston in April 2026, bringing the live unsupervised network to three Texas cities. Austin's geofence grows to match the full city's service area, although the active driverless fleet stays below 30 vehicles.

On April 29, 2026 the first Tesla Semi rolls off the new high-volume production line at the dedicated 1.7M-square-foot Semi factory adjacent to Gigafactory Nevada, moving Semi out of pilot builds and toward a long-term 50,000-unit/year target.

On June 3, 2026 Tesla expanded its unsupervised Robotaxi service area to the full Austin metropolitan region - more than doubling the previous geofence to include Pflugerville, Manor and adjacent suburbs and opening service on I-35. It is the fifth Austin expansion since launch, even as the active driverless fleet stays at about 20 vehicles and Dallas (3) and Houston (6) remain stuck at their launch sizes.

CPCA data released June 2, 2026 show Tesla's Shanghai plant delivered 85,982 vehicles in May 2026 - its best month of the year, up 39.4% year over year and 8.2% from April - bringing January-May Giga Shanghai deliveries to 378,858 and signaling a China demand rebound after a soft start to the year.

On June 5, 2026 Tesla Robotaxi, LLC applied to the Nevada Transportation Authority for an Autonomous Vehicle Network Company (AVNC) permit covering Clark County - including service to Harry Reid International and Henderson Executive airports - that would let it deploy up to 5,000 vehicles in the first year after approval, with objections or comments due by July 5, 2026. The filing is Tesla's largest single robotaxi expansion request to date even though its actual unsupervised fleet remained only about 20 vehicles in Austin plus a handful in Dallas and Houston, and was paired with a 'Robotaxi First Responder Interaction Plan' filed for a planned Arizona (Phoenix-area) launch.

An SEC Form 4 filed June 17, 2026 disclosed that Elon Musk exercised all 303,960,630 stock options from his 2018 performance award at a split-adjusted strike of $23.34 against a $404.66 close - roughly a $116 billion paper gain - after the Delaware Supreme Court reversed the award's cancellation in December 2025 and Tesla's board signed an implementation agreement in April 2026. Tesla withheld about 17.5 million shares to cover the exercise through net settlement, so Musk paid nothing out of pocket and reported no open-market sales, raising his stake to roughly 1.12 billion shares and his voting power toward about 19.9%.

On June 24, 2026 Tesla joined Sunrun and Renew Home in a framework to aggregate more than 16 gigawatts of fast, flexible capacity for hyperscalers, data centers and utilities - billed as the largest distributed power plant in the U.S. It pools dispatchable output from hundreds of thousands of home batteries operated by Sunrun and Tesla with flexible peak load from 8M+ smart thermostats and devices managed by Renew Home, deepening Tesla Energy's grid-services role.

On July 2, 2026 Tesla reported second-quarter deliveries of 480,126 vehicles - up about 25% year over year and roughly 74,000 above Wall Street consensus - its best-ever second quarter and the end of two years of declining deliveries. Production topped 450,000 vehicles (Model 3/Y made up 467,762 of deliveries and other models 12,364), and energy storage deployments reached 13.5 GWh. Full Q2 financial results are due after the close on July 22.

On July 3, 2026 Tesla launched its unsupervised Robotaxi service in Miami - its first market outside Texas and California - running Model Y vehicles with no safety driver from day one. The geofenced launch zone spans roughly 10 to 14 square miles of western Miami-Dade County, including West Miami, Doral and Coral Gables, and covers Miami International Airport but not downtown Miami or Miami Beach. Tesla named Orlando, Tampa, Phoenix and Las Vegas as future targets.

On July 21, 2026 Tesla launched unsupervised, driverless Robotaxi service in Orlando and Tampa, extending its Florida footprint to three metros in under three weeks after the July 3 Miami debut. The additions bring the network to seven U.S. markets - Austin, Dallas, Houston, Miami, Orlando and Tampa running driverless Model Ys, plus the San Francisco Bay Area operating with an in-car safety monitor - even as the flagship Austin unsupervised fleet has stayed small. The expansion landed a day before Tesla's Q2 2026 earnings report.

On May 10, 2026 Tesla built its final Model S and Model X units at the Fremont factory, ending 14 years of Model S and 11 years of Model X production after roughly 750,000 combined lifetime sales. The last units were a 350-unit limited run priced at $160,000 each that sold out in under a week. The freed-up assembly space is being converted into Tesla's first-generation Optimus production line, and Tesla's consumer lineup narrows to Model 3, Model Y, and Cybertruck.

In early July 2026 Tesla began US and Puerto Rico sales of the Model Y L, a longer-wheelbase, six-seat version of its best-selling SUV, offered first as a $61,990 Launch Series. The three-row model carries an EPA-estimated 325 miles of range and a 0-60 mph time of 4.4 seconds, with second-row captain's chairs and a heated, power-reclining third row; the Launch Series bundles a year each of Full Self-Driving (Supervised), free Supercharging and Premium Connectivity. Deliveries are expected to begin between September and October 2026.

Tesla began giving employees driverless rides around the Giga Texas campus on July 10, 2026, and by July 19 more than 245 Cybercabs had been staged in the factory's outbound lots - hitting one tracker's 200-unit call about ten weeks early - with installed annual production capacity now listed above 125,000 units. The program remains confined to the private campus rather than public roads or the paid Robotaxi network.

On July 22, 2026 Tesla reported Q2 2026 revenue of $28.24B (+26% YoY, a record) alongside GAAP operating income down 57% YoY to $398M (1.4% operating margin, from 4.1% a year earlier), 16.8% gross margin, and non-GAAP EPS of $0.33 that missed estimates, as operating expenses rose 47% on AI, Optimus, and Robotaxi program spending and regulatory-credit revenue fell 67% to $146M. By segment, automotive revenue rose 23% to $20.52B, energy generation and storage rose 13% to $3.14B, and services and other rose 50% to $4.58B with record gross profit and margin. Cash and short-term investments fell to $43.52B from $44.74B in Q1, and free cash flow turned negative $1.09B as capex more than doubled to $5.79B. Active FSD subscriptions hit 1.48M (+56% YoY) and the Supercharger network grew to 8,704 stations / 82,357 connectors.

Samsung completed tape-out of Tesla's AI5 compute chip and began production at its Taylor, Texas fab on a 2nm-class process around July 13, 2026, splitting AI5 manufacturing between Samsung (2nm) and TSMC (3nm) so Tesla is not single-sourced. AI5 is designed to power both next-generation vehicle autonomy compute and Optimus, targeting roughly 3x the power efficiency of Nvidia's Blackwell at under 10% of the cost, but Musk has said Tesla needs several hundred thousand completed AI5 boards line-side before switching vehicle production over, with volume not expected until mid-2027.

Giga Shanghai delivered 89,091 Model 3/Y units in June 2026, up 24.4% year over year and topping May's prior 2026 monthly record of 85,982, marking an eighth consecutive month of year-over-year growth for China-built Tesla EVs. Q2 2026 wholesale volume out of China totaled 254,551 units, up 32.8% year over year, reinforcing the demand rebound Tesla flagged after a soft start to the year.

CPCA data released in early August 2026 show Tesla's China domestic (retail) deliveries fell to 27,249 units in July, down 32.9% year over year and 48.5% from June, led by a 78.8% year-over-year collapse in Model 3 deliveries. Total wholesale volume out of Giga Shanghai, which includes exports, instead rose to 93,579 units - a 2026 high, up 37.9% year over year - as exports jumped 143% to a record 66,330 vehicles, underscoring that Shanghai's growth is increasingly coming from overseas shipments rather than the domestic market.

On August 11-12, 2026 Tesla filed for state tax incentives on a proposed $10.1 billion (about $1.5B real property, $8.6B equipment) vertically integrated solar cell factory in Fort Bend County, Texas, near Richmond - its first ground-up US solar manufacturing plant. Dubbed 'Project Crystal Sun,' the roughly 3,050-acre facility would take raw polysilicon through ingot, wafer, cell, and module production, is projected to create 9,712 permanent jobs, and would be built across 2026-2028 with commercial operations targeted for Q1 2029. Tesla requested a 10-year property tax limit under the Texas JETI Act and said it is also weighing an out-of-state site, so Texas has not yet been confirmed as the winning location.

On August 13, 2026 Swedish union IF Metall called off its industrial action against Tesla, effective August 19, after Tesla bought out the union's remaining striking members at its Swedish service operations. The dispute began in October 2023 when mechanics struck demanding a collective bargaining agreement, and ran roughly 1,021 days, the longest labor conflict in modern Swedish history, without Tesla ever signing one. The union said the buyout meant the strike 'no longer has any effect,' framing the outcome as evidence of Tesla's continued opposition to collective agreements rather than a resolution of the underlying dispute.

Tesla submitted a recall report to NHTSA on August 4, 2026 covering 20,349 US vehicles (18,735 Model Y, model years 2020-2023, and 1,614 Model 3, model years 2017-2023) after tests found low-beam headlight output at the outer, upper edge of the beam reached up to 230.1 candela against a 125 candela regulatory limit. NHTSA had rejected an earlier Tesla request for an exemption from a full recall. No crashes or injuries were reported; notification letters are scheduled to mail September 15, 2026.

On August 18, 2026 Swedish freight-tech firm Einride announced it will deploy 500 Tesla Semis across North America, which both companies call the largest Tesla Semi deployment announced to date. The rollout runs in phases over 24 months starting September 2026, is fully third-party financed, and serves Amazon and other customers along freight corridors in California, Texas, New Jersey, Illinois and Georgia. The order roughly triples Einride's deployed electric fleet from about 250 trucks toward 750 and pairs the vehicles with Tesla's 1.2 MW charging.

On August 20, 2026 the Nevada Transportation Authority approved Tesla's Autonomous Vehicle Network Company permit during a four-hour general session, replacing the interim order that had capped Tesla at 10 robotaxis on a narrow stretch of the Las Vegas Strip and clearing deployment of up to 5,000 driverless vehicles across all of Clark County over the next 12 months. Tesla representatives said they have no intention of putting 5,000 cars on the road right away, calling that figure a ceiling and roughly 2,500 Nevada robotaxis within a year a strong result; commercial rides are expected to start within about 30 days pending vehicle inspections, insurance filings and fare approval. Uber and Waymo received their own Nevada robotaxi approvals in the same session.

China's State Administration for Market Regulation said on August 21, 2026 that Tesla will recall roughly 2.98 million imported and locally produced Model 3, Model Y, Model X and Model S vehicles because electrically controlled door handles can stop working in a crash, hindering occupants from escaping and rescuers from reaching them. The recall is part of a China-wide crackdown covering nine manufacturers after regulators banned hidden door handles on new models starting in 2027; Tesla will install warning labels marking emergency releases and update software to auto-lower windows after a crash.

On July 31, 2026 NHTSA's Office of Defects Investigation opened a Preliminary Evaluation (PE26-006) into an estimated 1,198,300 Tesla vehicles - 2018-2020 Model 3 and 2021-2023 Model Y - after 156 complaints alleged the front lower lateral link detached, in most cases with no advance warning, leaving the vehicle undriveable. NHTSA said the reports fall outside the scope of Tesla's two prior lateral-link recalls (2021 and 2023) and it is not aware of related crashes or injuries; the preliminary evaluation will assess the defect's cause, scope, and severity.

LG Energy Solution began production on August 18, 2026 at its new Lansing, Michigan plant - a former GM Ultium Cells joint-venture site LG took full ownership of in 2025 and repurposed for stationary storage and EV cells. The plant is the source of the LFP prismatic cells covered by Tesla's $4.3B supply agreement for Megapack 3, though that contract's dedicated Megapack deliveries are set to run August 2027 through July 2030; the plant is targeting more than 35 GWh of annual capacity at full scale.

By late August 2026 Tesla's online configurator showed new US orders for the $36,990 Model 3 Standard with a delivery window of January-March 2027, up from 4-5 weeks in late July, as new Model 3 and Model Y inventory disappeared from Tesla's inventory pages. The surge coincided with California's new MyFirstEV program (signed into law July 13, 2026), a $3,500 point-of-sale rebate for first-time EV buyers on vehicles under a $50,000 cap, which Tesla said exhausted its allocation within five days of the program's August 3-7 window; the entry-level Standard trim, as the cheapest qualifying Tesla, absorbed most of the resulting demand.

Reporting around August 27-28, 2026 confirmed Optimus has entered production on the newly converted first-generation line at Fremont - the same space that built its final Model S and Model X on May 10, 2026 and was torn down in roughly 46 days to make way for the robot line. Initial output is for internal use only: the first units feed Tesla's 'Optimus Academy' training and data-collection program and factory-floor tasks rather than commercial sale, and Musk has said the ramp will start slow and flat before scaling. The milestone lands close to, but slightly ahead of, the 'later this year' timeline Tesla gave on its July 22 Q2 earnings call after missing its original late-July/August target.

CPCA data released September 2, 2026 show Giga Shanghai's wholesale sales (including exports) at 86,166 units in August 2026, up 3.57% year over year but down 7.92% from July's 2026-high of 93,579. It was Tesla China's tenth consecutive month of year-over-year growth and its second-highest August on record, trailing only August 2024's 86,697. Wholesale volume for the first eight months of 2026 reached 647,694 units, up 25.63% year over year, even as domestic challenger Leapmotor outsold Tesla China's wholesale total for a third straight month.

Public Texas Department of Motor Vehicles records showed 420 Tesla vehicles registered for driverless operations in the state as of September 2, 2026, including 45 Cybercabs authorized for unsupervised running, CNBC reported the morning of Tesla's invite-only Austin Cybercab launch event. The Cybercab count is up from two registered units in May 2026 filings. Tesla has not said when the purpose-built two-seaters will enter the paid Robotaxi app after the September 3 event.

Tesla began commercial Cybercab rides in Austin on September 3, 2026, adding the steering-wheel-free two-seater to its paid Robotaxi app alongside Model Ys and saying it would expand the service gradually. The same day NHTSA opened Open Audit Query AQ26002 covering an estimated 1,000 Cybercabs, asking how Tesla self-certified the vehicle against federal safety standards that assume a steering wheel, pedals and mirrors.

Launches its Robotaxi service in June using Model Y vehicles, completes the refreshed Model Y rollout with additional variants, delivers 1,636,129 vehicles for the year, deploys 46.7 GWh of energy storage, and reports $94.8B in revenue. Tesla also ends 2025 with 1.1M active FSD subscriptions and 8,182 Supercharger stations.

At Tesla's November 6, 2025 annual meeting, shareholders approved Elon Musk's performance-based compensation plan with more than 75% in favor. The package pays no salary but unlocks up to ~423.7M shares (worth roughly $1 trillion) over a decade if Tesla hits paired market-cap and operational targets - including an $8.5T market cap, 20M vehicle deliveries, 10M FSD subscriptions, 1M Optimus robots delivered, and 1M robotaxis in commercial operation - tying Musk to the company and anchoring its robotics and autonomy roadmap.

Rolls out FSD (Supervised) v12 - the first end-to-end neural network driving system - globally. Unveils the Cybercab purpose-built robotaxi and Robovan at the 'We, Robot' event. Optimus robots begin performing tasks at Tesla factories. Delivers 1.79M vehicles and deploys 31.4 GWh of energy storage (up 113% YoY). Headcount drops to ~125,000 after 10% layoff in April.

Model Y becomes the best-selling car globally across all powertrains - a first for an EV. Tesla delivers 1.81 million vehicles total. Begins Cybertruck deliveries in November from Gigafactory Texas.

Opens Gigafactory Texas (Austin) and Gigafactory Berlin-Brandenburg, bringing global factory count to four. Delivers 1.31 million vehicles for the year, a 40% increase YoY.

Begins Model Y deliveries - the compact SUV that will become the best-selling car in the world by 2023. Tesla surpasses Toyota to become the world's most valuable automaker by market capitalization. Delivers 499,550 vehicles for the year and achieves first full year of GAAP profitability.

Launches Model 3, a mass-market sedan starting at $35,000, after receiving nearly 500,000 pre-orders. Becomes the catalyst for Tesla's transformation from niche luxury maker to high-volume manufacturer.

Begins deliveries of Model S, a full-size luxury sedan with up to 265 miles of range. Named Motor Trend's Car of the Year and Consumer Reports' top-scoring car ever at the time.

Tesla goes public on NASDAQ at $17/share, raising $226M - the first American automaker IPO since Ford in 1956.

Tesla begins deliveries of the original Roadster, the first highway-legal serial production all-electric car to use lithium-ion battery cells. Approximately 2,450 units sold across 31 countries.

Martin Eberhard and Marc Tarpenning incorporate Tesla Motors in Delaware, named after inventor Nikola Tesla. Elon Musk leads the $7.5M Series A round in February 2004 and becomes chairman of the board.