Cars still sell and revenue grows but the AI and robot spending is eating cash fast. Markets hate the miss and the burn more than they like the delivery records.
- EPS hit 0.33 dollars missing Wall Street by a wide margin.
- Revenue reached 28.2 billion dollars up 26 percent year over year and beat estimates.
- Record 480126 vehicle deliveries.
- Free cash flow negative 1.09 billion dollars first burn in over two years.
- Capex hit 5.8 billion dollars for AI factories Cybercab and Optimus.
- Full year 2026 capex guided above 25 billion dollars.
- FSD subscriptions up 56 percent to 1.48 million.
- Energy storage deployments jumped 41 percent.
- Multiple analysts cut price targets after the report.
- Stock tumbled to lowest close since August 2025.
$TSLA is my chart broke? Why’s there a big hole? https://t.co/YJDshJ3TPo pic.twitter.com/wRc4XdJkVB
— Oli (@OInvests) July 23, 2026
Yahoo Finance on the 14 percent drop and cash burn: https://finance.yahoo.com/markets/stocks/article/tesla-tumbles-14-to-11-month-low-as-profit-miss-capex-spending-outlook-weighs-on-stock-110300122.html
LA Times on AI spending and rare cash burn: https://www.latimes.com/business/story/2026-07-23/teslas-ai-splurge-triggers-profit-squeeze-rare-cash-burn