Tesla reported a 26% year-on-year rise in revenues for the second quarter to 28.2 billion US dollars, lifted by a 23% rise in automotive revenues to 20.5 billion dollars. However, a graphic Tesla provided (shown above) suggests its new robotaxi business provided fewer paid rides in the quarter than in previous quarters.
Energy generation and storage revenues rose 13%, thanks to "record energy storage deployments in EMEA, supported by record deployments from Megafactory Shanghai."
Capital expenditure for the quarter rose 142% year-on-year to 5.8 billion dollars. Tesla said it has started production of Cybercab, its purpose-built autonomous vehicle, which is designed to be the workhorse of its robotaxi fleet. Engineering test drives of production Cybercabs on public roads also began during the quarter.
The company added that its Tesla Semi truck and Megapack 3, a new energy storage system, remain on schedule for production starting in 2026. First-generation production lines for Optimus (its humanoid robot) are being installed in anticipation of production in 2026. Source: Tesla earnings report
