Tesla Dips on Miss, but AI Hopes Keep Bulls in Play
TL;DR
Tesla shares fell after a weak Q2 with operating profit of $398 million, well short of the roughly $1.7 billion Wall Street expected, despite deliveries rising about 25% to 480,000; weaker pricing, product mix, higher R&D costs, and lower regulatory credits weighed on earnings, while Musk touted AI plans like the Megapod and robo-taxis. Analysts largely kept Buy ratings with price-target cuts, underscoring optimism for the AI and robotics push despite slimmer margins.
- Tesla Stock Is Falling After a Lousy Quarter, Wall Street Is Still Buying the Future Barron's
- Tesla Short Sellers Mint $4 Billion Profit as Shares Nosedive Bloomberg.com
- As Musk pivots beyond cars, Tesla’s autos engine is under strain Reuters
- Tesla misses on earnings, as free cash flow turns negative and margins slide CNBC
- Tesla Profit Falls Even as Car Sales Rebound The New York Times
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