Tesla slips after earnings miss as capex tops $25B for the year
TL;DR Summary
Tesla reported mixed Q2 results: revenue of $28.24B beat expectations of $26.32B, but adjusted EPS of $0.33 and EBITDA of $3.2B missed estimates; cash burn was $-1.09B vs. about $-3.64B expected. The company reaffirmed a capex run rate above $25B for the year as it pushes ahead with Optimus robotics and Robotaxi deployments, while deliveries reached 480,126 in Q2, up about 25% year over year, helping explain the stock’s roughly 10% dip.
- Tesla stock tumbles 10% after profit miss; full-year capex spend of $25 billion confirmed Yahoo Finance
- Tesla Plunges Most in a Year on Investor Angst Over AI Spending Bloomberg.com
- Earnings at Musk’s car company fall as research spending cuts into profit from selling cars WOODTV.com
- Tesla sees a $200 billion wipeout as investors pan Musk’s plan to spend ‘as fast as we can’ MarketWatch
- TSLA Q2 Earnings Call Puts Growth Ambitions Over Margins Yahoo Finance
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