Jul. 27 at 1:51 PM
$TSLA is still digesting its July 22 earnings report. Q2 revenue rose to
$28.24 billion, but operating income fell to just
$398 million from
$923 million a year earlier. That is the key tension: vehicle demand improved, yet spending on AI, autonomy and manufacturing is absorbing much of the benefit.
Capital expenditures reached
$8.28 billion in the first half, more than double the prior-year level. I think the next phase for the stock depends less on delivery headlines and more on Tesla proving that this investment cycle can produce durable cash returns.
$GOOGL faced a similar investor reaction last week as AI spending came under scrutiny.
Not financial advice. Do your own research.
