Tesla Beats Revenue Forecasts in Q2, but Adjusted EPS Falls Short

Tesla reported total revenue of $28.24 billion for the second quarter, surpassing analysts' expectations of $26.32 billion. Revenue from services and other segments reached $4.58 billion, exceeding the anticipated $3.27 billion, while energy generation and storage revenue came in at $3.14 billion, below the expected $3.77 billion. The company ended the quarter with 1.48 million active Full Self-Driving (FSD) subscription users, higher than the forecasted 1.4 million. Adjusted earnings per share were $0.33, falling short of the expected $0.51.