Tesla’s stock took a beating after a disappointing Q2 earnings report—revenue jumped to $28.2 billion, but profit margins collapsed to just 1.4% as operating expenses surged 47%. Adjusted net income tumbled 17% to $1.2 billion, or 33 cents per share—far below Wall Street’s expected 54 cents. Free cash flow turned negative as Tesla poured cash into futuristic bets like Robotaxis and Optimus robots, projects plagued by delays. Investors, growing impatient with Musk’s $25B+ 2026 spending plan, are selling off shares, betting Tesla’s future targets remain out of reach.
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