Tesla Q2 Highlights: Revenue Beat, EPS Miss, Cybercab in Production, Optimus Bot Coming 'Soon'

Tesla Inc (NASDAQ:TSLA) reported second-quarter financial results after market close Wednesday.

Here are the highlights.

Tesla Q2 Earnings

Tesla reported second-quarter revenue of $28.24 billion. The total beat a Street consensus estimate of $25.71 billion, according to data from Benzinga Pro.

Second-quarter earnings of 33 cents per share missed a Street consensus estimate of 50 cents per share.

Tesla previously reported second-quarter deliveries of 480,126 vehicles, up 25% year-over-year. The total beat a Street estimate of 406,000.

The company said it hit $100 billion in trailing twelve-month revenue for the first time in history in the second quarter.

Active FSD subscriptions hit 1.48 million in the second quarter, up 56% year-over-year and up from the 1.28 million reported in the first quarter.

Tesla ended the quarter with digital assets worth $674 million, made up primarily of Bitcoin (CRYPTO:BTC) holdings. This marks a significantly lower figure than the $786 million in the first quarter, with the leading cryptocurrency trading lower this year.

What’s Next for Tesla

The company said its first-generation production lines for Optimus Bot are being installed in anticipation of production in 2026, with the company saying production will happen "soon."

The Cybercab is listed as in production, an improvement from the company saying it expected volume production "this year" last quarter. Tesla said the vehicle began production in the quarter.

The Tesla Semi is listed as "commissioning" and the company said it remains on track for volume production this year.

"We are focused on maximum capacity utilization at our factories," the company said.

Tesla said deliveries and deployments will depend on demand.

"Tesla is in its largest and most exciting period of investment."

The company said it has "never been more optimistic about the future."

Tesla Stock Price Action

Tesla stock is down 2.8% to $363.42 in after-hours trading Wednesday versus a 52-week trading range of $297.82 to $498.83.

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