Tesla spending skyrockets as Cybercab, Semi, Megapack production timeline slips

Tesla is nary longer readying to scope “volume production” of 3 of its newest products – the Cybercab, the Tesla Semi, and its Megapack 3 commercialized vigor retention solution – successful 2026, according to a second-quarter shareholder letter published Wednesday. The institution besides removed connection from its first-quarter missive astir its Optimus robot reaching “volume production.”

The institution said Wednesday that it’s trying to summation artillery production, specifically astir the company’s 4680 cell, successful bid to commencement gathering the Cybercab and Tesla Semi astatine scale. It did not connection a crushed for pushing backmost measurement accumulation of the caller Megapack, oregon accidental whether determination are immoderate holdups astir Optimus.

Tesla started making the archetypal accumulation Cybercabs astatine its mill successful Austin, Texas earlier this year, but said successful the missive that it’s inactive gathering retired the manufacturing lines for the Semi and Optimus. The institution had said arsenic precocious arsenic January that the Cybercab, Semi, and Megapack 3 would scope “volume production” this year.

The pullback comes arsenic the institution plows wealth into its adjacent procreation of products portion attempting to displacement from an EV shaper to an AI and robotics company. Tesla’’s results, which showed nett income falling 5% year-over-year to $1.1 billion, superior expenditures much than doubling, and antagonistic escaped currency flow, were somewhat buoyed by an uptick successful revenue. 

The institution reported gross of $28.2 billion, a 26% summation from the $22.5 cardinal it generated successful the 2nd 4th of 2025. Tesla’s second-quarter gross besides grew from the erstwhile quarter’s haul of $22.38 billion.

The bulk of its gross came from selling and leasing its EVs — and those results improved importantly this quarter. The institution reported automotive gross of $20.5 cardinal successful the 2nd quarter, compared to $16.6 cardinal successful the same-year agone period. Tesla delivered more than 480,000 vehicles successful the 2nd quarter, an summation of much than 120,000 from the archetypal quarter. It was Tesla’s champion effect for wide income since the 3rd 4th of past year, erstwhile it delivered astir 500,000 vehicles. 

Tesla’s second-quarter gross results improved from a twelvemonth agone erstwhile the institution suffered from a operation of falling EV sales, little mean selling prices, little currency from regulatory credits, and a driblet successful star and vigor revenue. 

The company’s gross from vigor retention and star besides improved 13% to $3.1 billion.

Still that gross boost wasn’t capable to offset the outgo of concern and Tesla’s propulsion to make and motorboat caller products. 

Tesla reported nett income of $1.1 billion, a 5% alteration from the aforesaid play a twelvemonth ago. At the aforesaid time, its outgo of operations ballooned by 47% to $4.3 billion. Meanwhile, Tesla had antagonistic escaped currency travel of $1 cardinal successful the 2nd quarter, a stark alteration from the $1.44 cardinal successful affirmative escaped currency travel it reported past 4th and the $146 cardinal it had successful the aforesaid play past year. 

The company’s operating income was $398 million, a 57% driblet from the $932 cardinal it reported successful the aforesaid play past year. 

A twelvemonth ago, Tesla called the 2nd 4th of 2025 a “seminal point” successful the company’s past and the opening of its modulation from a institution that sells electrical vehicles, solar, and vigor retention to 1 that leads successful “AI, robotics and related services.”

That modulation is inactive underway. This spring, the institution ended accumulation of its flagship Model S sedan and Model X SUV vehicles astatine its Fremont, California mill to marque mode for its Optimus humanoid robot. It is besides bringing its Tesla Robotaxi work to caller cities, albeit with a constricted fig of vehicles. And it’s inactive pushing to merchantability owners connected its precocious operator assistance system, known arsenic Full Self-Driving (Supervised), and yet marque that merchandise susceptible capable to grip each driving without the request of a human.