Tesla stock slides 14% after earnings miss, capex plan surpasses $25B for 2026
TL;DR Summary
Tesla (TSLA) stock dropped about 14% after a mixed Q2 report: revenue of $28.24B beat expectations, but adjusted EPS of $0.33 and EBITDA of $3.2B fell short of estimates. Free cash flow burned $1.09B. Management reaffirmed a capex binge for 2026, guiding “more than $25B” in spends to fund Optimus, AI data centers, and Cybercab, as Elon Musk said 2026 would be a massive capex year. Q2 deliveries reached 480,126 with energy storage at 13.5 GWh, and Optimus/Robotaxi programs continued to scale across multiple metros. Analysts weigh ROI timing and potential headwinds from tax credits and safety rules.
- Tesla stock tumbles 14% after profit miss; full-year capex spend of $25 billion confirmed Yahoo Finance
- As Musk pivots beyond cars, Tesla’s autos engine is under strain Reuters
- Why Analysts Aren’t Worried About Tesla’s Latest Post-Earnings Stock Slide Barron's
- Tesla Profit Falls Even as Car Sales Rebound The New York Times
- Tesla misses on earnings, as free cash flow turns negative and margins slide CNBC
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