Tesla vehicles and super chargers are shown at a Tesla dealership in Buena Park, California, on 28 January 2026. Tesla vehicles and super chargers are shown at a Tesla dealership in Buena Park, California, on 28 January 2026. Strong figures suggest Tesla's auto business is regaining momentum after two straight annual sales declines Tesla blew past Wall Street estimates for second-quarter deliveries on Thursday, posting a record for the period as recovering demand in Europe outweighed persistent weakness in North America. The strong figures suggest Tesla's mainstay auto business is regaining momentum after two straight annual sales declines, providing the spending cushion needed to power its ambitions in autonomous driving and artificial intelligence - the main drivers of the company's roughly $1.6tn valuation. Tesla expects to spend more than $25bn on capital expenditure in 2026, nearly triple the $8.5bn last year, to expand AI infrastructure, battery production, Cybercab manufacturing and Optimus robots.