Tesla’s Q2 earnings show a mixed but promising picture: revenue soared 26% to $28.2 billion, beating forecasts, while net profit dipped slightly to $1.1 billion from $1.17 billion last year—thanks to heavy R&D investment. Car deliveries hit 480,000, a 25% year-over-year jump, marking two straight quarters of growth. After a rough patch last year fueled by European buyers turning away due to Musk’s politics, Tesla’s Model 3 and Model Y surged in Europe, aided by lower-priced models, better financing, and rising gas prices. Tesla reclaimed its top EV spot, with energy storage and FSD subscriptions adding to profits. Despite a shrinking margin, the company’s sales momentum and innovation bets signal a strong comeback.
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