Tesla reports second-quarter earnings as investor focus shifts from record deliveries to profitability concerns.
The company delivered a record 480,126 vehicles during the second quarter. This total surpassed analyst expectations but failed to improve market sentiment.
CEO Elon Musk is pivoting the company toward artificial intelligence, including self-driving robotaxis and humanoid robots.
Wall Street anticipates Tesla will report its first negative quarterly cash flow in over two years.
The company increased its capital budget to over $25 billion. This spending targets AI and robotics projects for 2026.
The massive investment has intensified scrutiny over the timeline and profitability of these long-term projects.