๐ Tesla $TSLA drops -5.5% premarket โ Q2 EPS misses hard at $0.33 vs $0.53 expected
Tesla reported record Q2 2026 revenue of $28.2B (beat) but EPS of just $0.33 badly missed the $0.53 consensus as operating profit fell 57% and gross margin slid to 16.8% vs 19.4% expected. Free cash flow turned negative at -$1.1B for the first time in 2+ years, with capex more than doubling to $5.8B. Not financial advice. Does the AI and robotaxi story still hold up when the core auto business is bleeding margin like this?
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