Tesla’s Q2 profits dipped to $11 billion, down slightly from last year despite selling 480,000 cars — a 25% jump — and smashing revenue expectations at $28.24 billion, up 26%. The drop? Heavy R&D spending. But the story’s brighter: Europe’s gas price spike and Musk’s political fallout last year faded, fueling Model 3 and Y sales, while energy storage and FSD subscriptions add new revenue streams. Profit per share slipped, but Tesla’s momentum is undeniable — moving more metal and expanding beyond cars.
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