Revenue rose 56% year-over-year to $405.3 million in Q2 2026, driven by higher vehicle deliveries and a favorable product mix, but net loss widened to $1.03 billion due to increased operating expenses and inventory write-downs. The company implemented workforce reductions and raised significant cap…
Revenue rose 56% year-over-year to $405.3 million in Q2 2026, driven by higher vehicle deliveries and a favorable product mix, but net loss widened to $1.03 billion due to increased operating expenses and inventory write-downs. The company implemented workforce reductions and raised significant capital to support ongoing investments in manufacturing and R&D.
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