Tesla reported second-quarter revenue of $28.236 billion, a 26 percent increase from a year earlier. The company also achieved record vehicle deliveries of 480,126 units.
Net income attributable to common stockholders reached $1.114 billion. Operating income fell 57 percent to $398 million, resulting in an operating margin of 1.4 percent.
Vehicle production totaled 451,758 units. Energy storage deployments rose 41 percent to 13.5 GWh.
Tesla began production of the Cybercab at Gigafactory Texas and expanded its unsupervised Robotaxi service to seven major metropolitan areas. Full Self-Driving subscriptions reached record levels in North America.
The company decommissioned Model S and Model X lines at Fremont to prepare for Optimus robot production. Free cash flow was negative $1.092 billion for the quarter.
