Tesla's Q2 results trigger 14% drop
Tesla's stock dropped approximately 14% following the release of its second-quarter results, which came in below Wall Street's earnings expectations, despite a 26% increase in revenues to $28.24 billion and growth in AI projects and autonomous vehicles. Although sales rose and 480,126 cars were delivered—up 25%—the adjusted earnings per share were $0.33, versus the forecast of $0.50. Operating profit reached about $3.2 billion, while free cash flow declined to negative $1.09 billion. Tesla confirmed the continued production of its robot "Optimus" and the expansion of its "Robotaxi" service to seven U.S. cities, with a planned capital expenditure exceeding $25 billion in 2026 to further develop AI and autonomous vehicle technology.
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