Tesla announced its second quarter earnings, with Elon Musk's EV maker failing to meet profit estimates for the first time in more than two years and reporting a negative free cash flow as the company accelerated its AI spending and robotics ambitions.
Tesla shares dropped more than 4% in extended trading hours after profit miss and cash burn spooked investors, despite record vehicle deliveries as higher oil prices due to the raging conflict in the Middle East increased demand for electric vehicles.
