Tesla has reported it delivered 480,126 vehicles in the second quarter of 2026, a 25% gain on the same quarter of last year.

The company produced 451,758 units in the quarter, compared with 410,244 units a year ago – a 10% gain.

Analysts said the company has benefited from stronger demand generally for BEVs, especially in Europe which has seen sharp rises in fuel prices due to conflict in the Middle East. That has helped compensate for weaker US sales where BEV incentives have been cut by the Trump administration.

Fleets in Europe are also increasingly turning to BEVs - which are becoming cheaper with more brands and many more models available - and away from combustion engines.

BYD faces intense competition from Chinese OEMs such as BYD, but there are bright spots for Tesla in the Chinese market – with stronger sales of the revamped Model Y.

Combined Model 3/Y production in the second quarter was 442,936 units – 11% up on Q2 2025. Deliveries for Model 3/Y were up 25% at 373,728 units.

Production of Tesla's other models was just 8,822 vehicles, with deliveries of 12,364 units.