Tesla reported record deliveries and revenue this quarter. But the stock still fell after earnings.
The Good News
- Revenue grew 26% to $28.2B
- Record 480,126 vehicles delivered
- Europe drove strong demand
What Worried Investors
- Gross margins shrank
- Profit missed expectations
- Free cash flow turned negative for the first time in over 2 years
A Massive Spending Spree
Tesla’s capital expenditure surged 142% to $5.8B in one quarter.
The money is going into:
- Optimus robots
- Robotaxis
- AI infrastructure
- Self-driving technology
Management expects to spend over $25B this year alone.
The Big Question
Tesla is betting billions that AI, robotics and autonomous driving will power its next phase of growth. If those bets pay off, today’s spending could look visionary.
To read full blog, click: Tesla Q2 2026 Earnings: Capex Jumps 142%, FCF Turns Negative