Tesla Looks to Reignite Momentum With Q2 2026 Earnings and Autonomy Bets

Tesla enters its Q2 2026 earnings with shares down about 17% year-to-date; analysts expect about $0.50-$0.54 in adjusted EPS on roughly $25.7-$25.8 billion in revenue, with deliveries up 25% year over year to 480,126. Automotive gross margins are seen around 21%, while the company raised 2026 capex to $25 billion; investors will scrutinize margins, cash burn, and progress on autonomy monetization (robotaxi) and Optimus milestones, plus guidance for full-year 2026. The post-earnings move is expected to be volatile, around an 8% swing, depending on management tone and any concrete milestones.