Elon Musk's Tesla posts cash burn as capex surges on AI, robotaxi push
Tesla AI spending
Covered by 11 sources
- Guardian World·2h agoTesla stock suffers double-digit drop on carmaker’s worst day in years
Elon Musk’s EV company lost a quarter of its value after revealing weak profits and high spending on AI and robotics Tesla’s stock fell about 13.5% on Thursday in one of the biggest single-day market losses in the company’s history. Elon Musk’s automaker has struggled throughout…
Read at Guardian World → - CNBC Top News·5h agoTesla, Alphabet lose hundreds of billions in value in post-earnings stock plunge
Both Tesla and Alphabet signaled higher spending as they invest in artificial intelligence.
Read at CNBC Top News → - Gizmodo AU·8h agoTesla Stock Falls After Elon Musk Frets Over the Difficulty of Building Robots
The CEO seems to think his competitors are cheating.
Read at Gizmodo AU → - Bloomberg Opinion·12h agoTesla Disappoints on Earnings and Its Robotaxi Rollout, Too
As Tesla Inc.’s main electric vehicle business has stalled, its narrative has expanded to new frontiers. The company’s trillion-dollar-plus valuation increasingly relates more to the sheer size of some touted addressable market, rather than how well Tesla addresses that market.…
Read at Bloomberg Opinion → - Silicon Republic·17h agoTesla shares fall after company misses Q2 analyst expectations
Musk, meanwhile, reignited speculations of a potential Tesla-SpaceX merger.
Read at Silicon Republic → - Irish Times Business·18h agoTesla’s profits plunge as Elon Musk’s carmaker uses discounts to boost sales
Capital expenditures more than doubled as company accelerates pivot to AI and robots
Read at Irish Times Business → - NDTV World·21h agoTesla Profit Falls As Musk Ramps Up Spending On AI, Robotaxis
Tesla's second-quarter profit dropped 12% as R&D spending jumped 49%, even as revenue and vehicle sales beat Wall Street expectations
Read at NDTV World → - Globe and Mail Biz·1d agoElon Musk’s Tesla reports negative free cash flow for first time in more than two years
EV maker accelerated quarterly spending on AI infrastructure, battery capacity, robotaxis and next-generation manufacturing
Read at Globe and Mail Biz → - ET Tech·1d agoElon Musk's Tesla posts cash burn as capex surges on AI, robotaxi push
Tesla Inc.reported negative free cash flow of $1.1 billion in Q2 as heavy spending on AI, robotaxis and manufacturing weighed. Deliveries beat expectations, while energy storage surged. Investors remain focused on autonomy and robotics growth as core auto demand faces rising…
Read at ET Tech → - ET Markets·1d agoElon Musk's Tesla posts cash burn as capex surges on AI, robotaxi push
Tesla Inc.reported negative free cash flow of $1.1 billion in Q2 as heavy spending on AI, robotaxis and manufacturing weighed. Deliveries beat expectations, while energy storage surged. Investors remain focused on autonomy and robotics growth as core auto demand faces rising…
Read at ET Markets →