Tesla reported negative free cash flow in the second quarter for the first time in more than two years as the Elon Musk-led EV maker accelerated spending on AI infrastructure, battery capacity, robotaxis and next-generation manufacturing.
Tesla reported negative free cash flow of $1.1 billion, compared with analysts' expectation for cash burn of $3.3 billion, according to data compiled by LSEG. Tesla delivered 480,126 vehicles in the second quarter, above Wall Street expectations and up from 384,122 vehicles a year earlier. The company produced 451,758 vehicles, meaning deliveries outpaced production by more than 28,000 vehicles during the quarter, reversing the inventory build seen earlier in the year.
