Tesla beats Q2 delivery forecasts as stock falls, Model Y tops South Tyrol sales

Tesla reported that it delivered 480,126 vehicles in the second quarter of 2026, a rise of about 25 % year‑on‑year and well above analyst expectations of roughly 400,000 units. UBS had recently lifted its forecast to 405,000, which the company also exceeded. Despite the strong numbers, Tesla’s share price dropped about 7.5 % on the day of the report. UBS analysts said the stock is now driven more by expectations for future projects such as artificial‑intelligence applications, robotaxi services, the Optimus humanoid robot, the Terafab semiconductor venture and solar initiatives than by vehicle deliveries alone.

In Italy’s South Tyrol region, the Tesla Model Y was the best‑selling private‑car model in the first half of 2026, with 85 registrations, making it the top choice among electric vehicles. Overall EV registrations in South Tyrol rose 12.5 % to 2,457 units, pushing the share of new electric cars above 20 % of all new registrations. The growth is attributed in part to local interest from SpaceX vice‑president Jonathan Jonathan Hofeller and Musk’s expressed curiosity about the area.

Analysts suggest investors should monitor progress on Tesla’s upcoming robotaxi and Optimus V3 projects, as these are seen as the primary catalysts for the company’s long‑term valuation.