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Tesla profits surpass forecasts
Tesla announced second-quarter profits in line with expectations regarding revenue, which increased by 26% compared to the previous year, reaching over $22.5 billion. However, net profits declined by 5%, amounting to $1.11 billion. The company significantly boosted revenues from the automotive, energy, and services sectors, but operating expenses rose by 47%, largely due to substantial investments in research and development, especially in artificial intelligence and robotics projects. Tesla is currently focusing on developing autonomous ride-hailing services, producing the "Cybertruck" electric pickup, and manufacturing humanoid robots called "Optimus." Nevertheless, the company experienced a decline in free cash flow, which turned negative by $1.1 billion compared to previous periods.
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