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Tesla Faces Profit Decline Despite Revenue Growth Amid Shift to Robotics and AI

Tesla’s shares dropped more than 3% in after-hours trading following the release of its second-quarter earnings, which revealed profits well below Wall Street forecasts. The company’s stock, already down around 14% this year, fell further after the report. Meanwhile, Elon Musk’s attention seems divided as SpaceX, his rocket and AI venture, caught the spotlight with the largest stock market debut ever last month. This milestone made Musk the first trillionaire, though his net worth has slipped since then.

The Guardian
The Guardian