Tesla shares plunge after revenue beat, earnings miss and AI spending concerns
Tesla's shares fell about 13% on 25 July after the company posted second-quarter results that beat revenue forecasts but missed earnings expectations, highlighting heavy AI and robotics spending, The Guardian reported. The results, released on 22 July, showed revenue of $28. 2 billion, above the $26 billion analysts had expected, while adjusted earnings per share were $0. 33, well short of the $0. 51 forecast, according to CNBC.
Business Insider noted that the quarter also featured record vehicle deliveries, and Electrek had previously projected a 25% delivery increase and non-GAAP earnings of roughly $0. 53 per share. Trefis cited a 14. 5% share decline, indicating some variation in reported figures.