Tesla's July Rout Wipes Out $214B After Mixed Q2 Results
TL;DR Summary
Tesla posted a 25% YoY increase in Q2 deliveries and topped $100B in trailing revenue, with revenue of $28.24B and EPS of $0.33 (miss vs. 0.51 expected), while signaling large capex and AI investments amid supply-chain bottlenecks and Optimus robot scaling, triggering a sharp selloff that erased about $214B in market value and sending TSLA down roughly 14.5% after earnings; analysts have mixed price targets as the company doubles down on its AI/robotics pivot.
- Tesla Stock Erases $214 Billion in a Single Day — Here's What Happened This Month Benzinga
- Tesla stock tumbles 10% after profit miss; full-year capex spend of $25 billion confirmed Yahoo Finance
- Trader who successfully shorted Tesla into earnings now sets sights on this high flyer CNBC
- Tesla sees a $214 billion wipeout as investors pan Elon Musk’s plan to spend ‘as fast as we can’ MarketWatch
- Someone Call Tesla a Robotaxi, or SpaceX, Quick Bloomberg.com
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