Tesla reports $28B quarter driven by record deliveries, Semi production ramp

Tesla just posted $28.236 billion in second-quarter revenue, a 26% jump from the same period last year that blew past Wall Street’s consensus estimate of roughly $26.4 billion. The beat was fueled by record vehicle deliveries and the long-awaited start of volume production for the Tesla Semi, the company’s electric truck that finally rolled off a dedicated production line on April 29, 2026. For crypto investors, the more interesting number might be this: Tesla still holds 11,509 Bitcoin on its balance sheet as of March 31, 2026. That makes the company one of the largest corporate holders of BTC in the world, and its quarterly earnings report doubles as a de facto update on institutional crypto conviction. The revenue story versus the profit story Tesla’s GAAP net income came in at approximately $1.11 billion, which actually represents a slight decline from the prior year. Non-GAAP earnings per share landed at $0.33, missing analyst expectations. Tesla sold more cars than ever but made less money doing it. The Semi itself is projected to deliver somewhere between 5,000 and 15,000 units in 2026. That’s a wide range, which tells you production is still in its early scaling phase. The ...