With delivery figures for major automakers in the U.S. and overseas now in, we can take a look at all the winners and losers during the second quarter of 2026.
Tesla Reports Massive Gains
Kicking off our list, Elon Musk-led Tesla Inc. (NASDAQ:TSLA) reported a positive delivery number for the quarter and far exceeded market expectations of around 406,000 vehicles delivered in the quarter. The EV giant reported 480,126 deliveries globally, marking a 25% increase YoY and a 34% jump from the previous quarter.
However, despite the delivery beat, Tesla’s stock dipped following the news. According to investor Gary Black of The Future Fund LLC, the decline was fueled by ongoing tensions between the U.S. and Iran and surging gas prices, which also led to the delivery beat.
BYD’s Delivery Figures Cross 500,000 Units
Chinese EV giant BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) could pull further ahead than Tesla in the global battery-electric vehicle (BEV) race. According to figures compiled by Bloomberg, BYD delivered 557,090 fully electric vehicles in Q2 2026 alone.
Widening the gap against Tesla by over 160,000 units. BYD’s figures illustrate its strong overseas exports push into Europe, Southeast Asia, and Latin America. The automaker’s June sales also expanded by 5.5% in June.
Ford Battles EV, Recall Headwinds
Legacy automakers like Ford Motor Co. (NYSE:F) recorded a sales decline during the second quarter as its electric vehicles slipped, with 9,746 EVs sold in the U.S. during Q2. The figure represents a 40.7% plunge compared to the 16,438 units it sold in Q2 2025.
The recently sunset F-150 Lightning EV pickup plummeted over 58% as Ford’s total sales across all powertrains fell 10% to 522,811 units. The company is also dealing with quality woes as two recalls affecting over 777,000 vehicles were reported recently. Ford is also testing the $30,000 affordable EV pickup truck slated for a 2027 release
General Motors Declines
General Motors Co. (NYSE:GM) also reported a decline in sales for the quarter. Across brands like Chevrolet, Buick, GMC and Cadillac, the automaker reported 714,896 units sold, a 4.2% YoY decline. The automaker’s YTD sales also fell by 6.8% YoY to 1,341,325 units during the first six months of the year.
GM also recently introduced the fifth-generation 2027 Chevrolet Silverado 1500 pickup truck with a new 10-speed automatic gearbox and new V-8 engine options as it earlier sunset the Silverado EV Pickup truck.
Stellantis Reports Growth
Stellantis NV (NYSE:STLA) defied GM and Ford’s declines and reported positive growth in the U.S. market. The automaker saw its total U.S. sales jump 6% year-over-year in the second quarter, bringing its total first-half volume to 634,187 vehicles—a 5% increase compared to the same period in 2025.
Q2 retail sales for the Jeep Grand Wagoneer surged 43%, while the Ram 1500 and Dodge Durango each saw a 9% improvement, the company said. Notably, Stellantis-backed Chinese automaker Zhejiang Leapmotor Technology Co. Ltd. marked its official entry into the North American market following its debut in Mexico with the B10 Extended Range Electric Vehicle (EREV).
Rivian Sales Surge
All-electric automaker Rivian Technologies Inc. (NASDAQ:RIVN) also reported a growth in its sales during the second quarter of the year. Operating out of its Normal, Illinois, facility, Rivian produced 12,613 vehicles and delivered 12,194 units, soundly beating its own internal guidance of 9,000 to 11,000 vehicles.
The delivery beat was powered by steady commercial van demand and quarter-over-quarter growth in its signature R1 platform, alongside the rollout of R2 deliveries. Rivian raised its full-year 2026 delivery outlook to between 65,000 and 70,000 vehicles.
Lucid Touts New Leadership
Lucid Group Inc. (NASDAQ:LCID) produced 4,774 vehicles and delivered 3,953 units in the second quarter of 2026. However, the automaker also announced a series of changes in leadership.
CEO Silvio Napoli announced an aggressive organizational overhaul aimed at streamlining operations, among other reasons. The automaker announced Alexander De Bock as the CFO, while Raja Ramana Macha is the CTO of the company.
Toyota U.S. Sales Grow Marginally
Toyota Motor Corp (NYSE:TM) reported selling 673,971 vehicles in the U.S. during the second quarter of 2026, which illustrated a 1.1% increase.
Electrified vehicles, including hybrids, plug-in hybrids and fuel cell vehicles, accounted for 383,091 units sold, which was a 19% surge and 56.8% of Toyota’s total quarterly volume.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.
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