Tesla Inc. (TSLA  ) is in the spotlight Friday after a busy July that included record delivery figures, a closely watched earnings report and a sharp post-earnings selloff. Tesla Q2 Delivers 25% YoY Surge

Tesla pre-released its second-quarter production and delivery figures on July 2, reporting 451,758 vehicles produced and 480,126 delivered - up 25% year-over-year and well above the roughly 406,000 Wall Street had expected. Model 3/Y deliveries totaled 467,762, with other models contributing an additional 12,364. The company also deployed 13.5 GWh of energy storage products during the quarter.

Tesla Tops $100B TTM Revenue, Stock Sinks

Tesla reported second-quarter results on July 22 after market close. Adjusted earnings per share came in at 33 cents, missing the 51-cent consensus estimate, while revenue of $28.24 billion topped the $25.71 billion analysts had projected. The automotive segment alone generated $20.52 billion in revenue, up 23% year-over-year. Tesla said it surpassed $100 billion in trailing-twelve-month revenue for the first time in company history, and active FSD subscriptions reached 1.48 million, up 56% year-over-year.

Shares fell sharply following the report, extending to a 14.5% single-day decline on July 23 - Tesla's largest single-day drop in over a year, erasing roughly $214.5 billion in market value. The selloff followed the worse-than-expected adjusted EPS result, along with company commentary on high capital expenditure growth, supply-chain bottlenecks and difficulties scaling up Optimus robot production.

The AI and Robotics Pivot

Elon Musk called Optimus "the hardest product to scale manufacturing that we've ever made at Tesla," noting the robot has no existing supply chain - unlike EVs, which could draw on established suppliers for parts. Tesla also quietly dropped Optimus mass-production language from its shareholder presentation, a shift from prior quarters. The Cybercab, by contrast, is now listed as in production, an upgrade from prior guidance of volume production "this year." CFO Vaibhav Taneja said operating expenses will keep growing in 2026 and beyond, tied to a more than $25 billion capex plan for new factories, AI infrastructure, and Tesla's Terafab manufacturing platform.

Analyst Consensus & Recent Actions

The stock carries a Buy rating with an average price forecast of $413.49. Recent analyst moves include:

• UBS: Neutral (Lowers Target to $385.00) (July 23)
• JP Morgan: Neutral (Lowers Target to $445.00) (July 23)
• Morgan Stanley: Equal-Weight (Lowers Target to $400.00) (July 23)

TSLA Price Action: At the time of publication, Tesla shares are trading 0.43% higher at $321.05, according to data from Benzinga Pro.