Tesla tumbles 14% to 11-month low as profit miss, capex spending outlook weighs on stock
Tesla stock sold off on Thursday after the EV maker reported mixed second quarter results that missed Wall Street expectations. Cash burn and production of physical AI products like Cybercab and Optimus could be a concern.
Quick take
Read original at Yahoo Finance Tesla stock fell 14.5% to $319.69, its lowest close since August 5, 2025, after the company reported mixed Q2 results, including revenue of $28.24 billion and adjusted earnings per share of $0.33, missing Wall Street expectations. CEO Elon Musk noted a massive capex year ahead, with expenditures expected to exceed $25 billion.
Summarised by netranta from Yahoo Finance. Open the original for the full story.
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