Fact Summary
Tesla closed at $342.27 on 2026-08-14, up +0.68% from the previous close. Q2 2026 (reported 2026-07-22) revenue was $28.24 billion, up +26% year-over-year, and vehicle deliveries reached a quarterly record of 480,126 units, while operating margin declined to 1.4%. During the same period, the NHTSA upgraded its federal investigation into FSD from a preliminary evaluation to an engineering analysis, and unsupervised robotaxi service expanded to 6 cities across Texas and Florida as of August 2026.
Price-Change Context Note
The reference-date closing price ($342.27) represents a rebound from the 2026-07-29 low ($297.38), rising for three consecutive trading days in the second week of August: $327.51 (8/12) → $339.96 (8/13) → $342.27 (8/14). Over the same period, short interest declined by approximately 13.4%, from 79.1M shares (settlement date 2026-06-30) to 68.5M shares (settlement date 2026-07-31) (based on secondary aggregation; not cross-checked against FINRA raw data).
Business Overview & Segments
Tesla operates through three segments: Automotive, centered on the design, manufacturing, and sale of electric vehicles; Energy Generation and Storage, covering battery storage and solar products such as Powerwall and Megapack; and Services and Other, encompassing vehicle service, used vehicles, and insurance (Tesla 10-Q FY2026 Q2).
TTM basis; reference figure not yet cross-checked against primary filings (aggregation site, surveyed 2026-08) — confirmed financial totals are governed by the system's pre-fetched data.
Q2 2026 Earnings Highlights
Robotaxi, FSD & Optimus Progress
The annualized 1 million unit figure is a design-capacity target, not confirmed production volume (per Q2 2026 shareholder letter).
5-Year Financial Trends
Quarterly & Half-Year Trends (H1 2025 → H1 2026)
| Period | Revenue (cumulative, $M) | Operating Margin | Net Margin |
|---|---|---|---|
| H1 2025 (6 months) | 41,831 | 3.2% | 3.8% |
| 9M 2025 (9 months) | 69,926 | 4.2% | 4.2% |
| Q1 2026 (3 months) | 22,387 | 4.2% | 2.1% |
| H1 2026 (6 months) | 50,623 | 2.6% | 3.1% |
H1 2026 revenue rose +21.0% YoY, but operating income grew only +1.3%, indicating negative operating leverage (calculated from system pre-fetched confirmed data, accession no. 0001628280-26-049270).
Competitor Comparison
| Company | 2025 Deliveries | Q2 2026 Deliveries | 2025 Annual Revenue | Notes |
|---|---|---|---|---|
| Tesla | Approx. 1.64 million (BEV) | 480,126 units (+25%) | $94.827 billion (A) | Automotive, Energy, and Services segments (3 total) |
| BYD | Approx. 4.6 million NEVs (2.26 million BEV) | Not available | Not available | World's largest NEV seller; intensifying domestic price competition in China |
| Rivian | Not available | 12,194 units | Approx. $5.38 billion | Net loss of $3.6 billion; premium trucks and SUVs |
| Lucid | Not available | 3,953 units | Not available | Net loss of $2.7 billion; premium sedans |
Valuation (Factual Multiples)
Both P/E and P/B are markedly higher than comparable-manufacturer averages, and other web-sourced aggregate multiples such as EV/EBITDA (approx. 116.7x) and EV/FCF (approx. 219.7x) similarly fall in an elevated range (cross-checked; calculation bases may differ).
Supply & Demand (Ownership Flows)
Institutional ownership ranges from approximately 42.35% (stockanalysis.com, 2026-08-15) to 42.81% (gurufocus, 2026-08-09), a roughly 0.5 percentage point difference between sources. Total 13F-reported shares held declined approximately -7%, from about 1.57 billion shares in Q1 2026 to about 1.46 billion shares in Q2 2026, though this should be treated as directional only given possible double-counting across ETFs and mother funds (13f.info, as of 2026-08-14 filing deadline).
Governance
Tesla is a single publicly traded company that reincorporated from Delaware to Texas in 2024, with separate roles for Board Chair (Robyn Denholm) and CEO (Elon Musk) (DEF 14A, filed 2025-09-17).
| Name | Position |
|---|---|
| Elon Musk | CEO & Director |
| Robyn Denholm | Board Chair |
| Ira Ehrenpreis | Director |
| Joe Gebbia | Director |
| Jack Hartung | Director |
| James Murdoch | Director |
| Kimbal Musk | Director |
| JB Straubel | Director |
| Kathleen Wilson-Thompson | Director |
Musk's stake and the institutional ownership total are calculated on separate bases and should not simply be summed; Vanguard and BlackRock are individual line items already included within the institutional total.
On 2026-06-16, Musk fully exercised 304 million options under the 2018 CEO performance award (Code M), then, following a net-settlement disposition for tax withholding purposes (Code F), increased his direct holdings to 710,172,677 shares (Form 4, accession no. 0001104659-26-075213).
Macro Environment
| Factor | Current Value (as of) | Impact Direction |
|---|---|---|
| Fed Funds Rate | 3.50–3.75% (held 2026-07-29) | Demand-suppressing (financing rates stay elevated) |
| US 10-Year Treasury Yield | 4.68–4.70% (2026-08-14) | Higher financing costs |
| US Dollar Index (DXY) | Approx. 99.8–99.9 (2026-08-14) | Favorable for overseas revenue translation |
| Auto Loan Rate (60-month) | 6.94% (2026-08-12) | Suppresses US demand |
| Lithium Carbonate Price | Approx. $21.94/kg (2026-08-12, +2.45%) | Higher battery costs |
| Federal EV Tax Credit ($7,500) | Repealed 2025-09-30 | Raises effective US purchase price |
| US Section 232/301 Tariffs | Steel and aluminum 50%, battery components up to 100%, auto parts 25% | Higher costs |
| EU Countervailing Duties on Chinese BEVs | 17.8% individual rate for Tesla's Shanghai-made vehicles (up to 45.3% for non-cooperating Chinese makers) | Relative price competitiveness |
Regulatory, Litigation & Competitive Facts
| Item | Facts | Source & Date |
|---|---|---|
| NHTSA FSD Investigation | Upgraded from preliminary evaluation to engineering analysis (EA), covering approx. 3.2 million vehicles | NHTSA INOA-EA26002 |
| Autopilot Litigation | 2025-08-01 jury verdict of approx. $243 million in damages (33% fault allocation) finalized; retrial motion denied 2026-02-20; appeal ongoing | Electrek 2026-02-20 · JD Journal 2026-07-17 |
| Musk 2018 Compensation Lawsuit | Delaware Supreme Court reversed the invalidation ruling on 2025-12-19, explicitly declining to rule on entire fairness | Gibson Dunn, 2025-12-19 |
| NHTSA Recall (Headlights) | 20,349 Model 3/Y vehicles; low-beam brightness exceeds regulatory limit | Electrek, 2026-08-11 |
| NHTSA Preliminary Investigation (Steering) | Approx. 1.2 million Model 3 (2018–2020) and Model Y (2021–2023) vehicles; 156 complaints related to front lower control arm/link separation | Electrek, 2026-07-31 |
| US Tariff Cost Impact | Section 232/301 tariffs estimated to raise per-vehicle costs by approx. 9–12% | Tax Foundation et al., as of 2026 |
| China Price Competition | BYD cut prices by up to 30% in 2026-05; Tesla held pricing steady rather than competing on volume, instead expanding European shipments of Shanghai-made production | Forbes, 2026-08-12 |
Forward-looking figures from individual brokerage research notes have been excluded from this report under compliance policy.
Recent News Timeline
| Date | Event |
|---|---|
| 2026-07-22 | Q2 2026 earnings release — revenue $28.24 billion, operating margin 1.4%, deliveries 480,126 units |
| 2026-07-31 | NHTSA opens preliminary investigation into steering issue affecting approx. 1.2 million Model 3/Model Y vehicles |
| 2026-08-10~11 | Applied for tax incentives for a $10.1 billion solar cell factory in Fort Bend County, Texas |
| 2026-08-11 | NHTSA announces recall of 20,349 Model 3/Y vehicles over headlight issue |
| 2026-08-12~13 | Nevada approves robotaxi operating permit (initial limit of 10 vehicles) |
| 2026-08-13 | Launches Powerwall Lease (linked to Tesla Electric) in Texas |
| 2026-08-14 | Reports emerge of a possible review of a China business sale (unconfirmed by Tesla/SpaceX; unresolved) |
| 2026-08-14 | Closes at reference-date price of $342.27 (+0.68% vs. previous close) |
Reports of a next-generation Roadster demonstration are unconfirmed speculation and are not treated as fact pending an official announcement.
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Generated by FomoLog Agent · Data sources: Korea Exchange · NASDAQ · DART · SEC EDGAR