Tesla reported Q2 revenue of $28.24 after the closing bell on Wednesday, versus the $26.32 billion expected per Bloomberg consensus, up 26% from a year ago. Adjusted EBITDA came in at $3.2 billion, versus $4 billion expected. Tesla said Optimus humanoid robot production remains on track for later this year, though key details were missing. A Tesla Optimus robot is displayed next to a logo at the company's booth at the 8th China International Import Expo in Shanghai, China, on Nov. 6, 2025. Tesla's free cash flow burn continued in the quarter, though it was less than expected, coming in at -$1.09 billion versus -$3.64 billion estimated.