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Tesla Delivers A Strong Second Quarter, But The Market Is Looking Beyond The Headlines

Tesla delivered stronger-than-expected second-quarter vehicle shipments, comfortably beating Wall Street forecasts as the electric vehicle maker looks to regain momentum after a prolonged sales slowdown.

Deliveries Top Expectations

Tesla reported 480,126 vehicle deliveries and 451,758 vehicles produced during the second quarter. Analysts had expected about 406,600 deliveries, according to StreetAccount, while Tesla’s own consensus estimate stood at 406,024.

Deliveries increased 25% from a year earlier, when Tesla shipped about 384,000 vehicles, and 34% from the first quarter of 2026, when deliveries totaled 358,023.

Despite the stronger results, Tesla shares fell about 6% on Thursday, highlighting investors’ continued focus on the company’s longer-term growth prospects rather than a single quarter of improved deliveries.

Model 3 And Model Y Remain The Core Business

Tesla said its Model 3 sedan and Model Y SUV accounted for 467,762 deliveries, or about 97% of the total, underlining the continued importance of its two highest-volume models even as the company expands into autonomous driving, robotics and energy storage.

Although deliveries are widely viewed as the closest proxy for sales, Tesla does not report regional performance or model-specific sales figures in the same detail as traditional automakers.

Competition Remains Intense

The stronger quarter comes as Tesla works to reverse consecutive annual declines in vehicle sales. The company has faced growing competition from Chinese manufacturers including BYD, Nio and Xiaomi, while also competing with Hyundai Motor Group and European automakers such as Volkswagen Group.

Demand has also been affected by the removal of a U.S. federal EV tax credit and by backlash against CEO Elon Musk’s increasingly polarising political profile.

To support sales, Tesla has introduced lower-priced versions of the Model 3 and Model Y while expanding availability of its Full Self-Driving (Supervised) system in selected European markets. Those initiatives reflect the company’s broader strategy of protecting its leadership in electric vehicles while preparing for a future centred on autonomy, robotics and software.

Energy Business Continues To Grow

Higher gasoline prices during the conflict involving Iran also encouraged some European consumers to consider electric vehicles, providing a temporary boost to EV demand before oil prices eased.

Tesla’s Energy division also continued to expand. The company deployed 13.5 gigawatt-hours of energy storage and solar products during the quarter, up from 9.6 gigawatt-hours a year earlier and slightly above analysts’ expectations of 13.3 gigawatt-hours.

Focus Shifts To Earnings

Looking beyond vehicle sales, Musk continues to position Tesla around products including the Cybercab, Tesla Semi and Optimus humanoid robot. The company has previously said it expects volume production of both the Cybercab and Semi to begin this year, while factory capacity previously used for the Model S and Model X is being repurposed for Optimus production.

Investors will get a clearer picture when Tesla reports second-quarter earnings on July 22. Alongside margins and profitability, markets will be looking for greater clarity on what drove the stronger delivery numbers and whether the momentum can be sustained in an increasingly competitive global EV market.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

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