Tesla stock tumbles 14% after profit miss; full-year capex spend of $25 billion confirmed - Yahoo Finance

What the report says

Yahoo Finance reported that Tesla shares fell sharply Thursday after the electric-vehicle maker’s second-quarter results showed stronger-than-expected revenue but weaker profitability. The stock closed down 14.5% at $319.69, its lowest close since Aug. 5, 2025, after Tesla posted $28.24 billion in revenue, above Bloomberg consensus of $26.32 billion, but adjusted earnings of $0.33 a share, short of the $0.50 expected. Adjusted EBITDA was $3.2 billion, below the $4 billion estimate.

The report said investors were focused on Tesla’s cash use and the cost of its push into “physical AI” products, including the Cybercab robotaxi and Optimus humanoid robot. Free cash flow was negative $1.09 billion, better than the estimated negative $3.64 billion, but CEO Elon Musk described 2026 as a major capital-spending year. CFO Vaibhav Taneja confirmed capital expenditures would exceed $25 billion, broadly in line with analyst expectations.

Tesla said Optimus production remains planned for later this year, with early units intended for training data and functionality development, though Yahoo noted the company did not give key details on a reveal or volume-production timeline. Tesla also said its Robotaxi rollout covered seven major metro areas, including expanded unsupervised operations in Austin and July launches in Miami, Orlando and Tampa. Musk said robotaxi miles were growing by more than 10% per week, while noting safety would constrain expansion.

The selloff came despite a strong delivery quarter: Tesla reported 480,126 vehicles delivered, up 25% year over year and well above consensus. Yahoo also noted that U.S., European and Chinese sales trends are diverging, and separately reported that NHTSA is beginning work on rules for clearer emergency door-egress systems in new vehicles.