Tesla earnings disappoint Wall Street as Elon Musk’s AI push, pivot beyond cars hurt profits

Tesla's second quarter earnings missed profit estimates for the first time in over two years. The company reported negative free cash flow as AI and robotics investments accelerated significantly. Higher operating expenses and lower average selling prices also impacted Tesla's profitability. Despite record vehicle deliveries, investors expressed concern over the increased cash burn. Tesla shares experienced a decline following the announcement of these financial results. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)