Tesla Reports Q2 Deliveries in a Matter of Days. Here's the Number That Matters.

Tesla is set to report Q2 vehicle deliveries in early July. Wall Street expects around 406,000 deliveries, which would represent year-over-year growth above Q2 2025's 384,122 vehicles. The key question is whether strength in Europe and China can offset softness in the U.S. market due to expired tax credits. While Tesla's valuation is driven by robotaxi and AI ambitions, the automotive business remains critical as it generates the majority of revenue.