Tesla misses on earnings, as free cash flow turns negative and margins slide

Tesla delivered mixed financial results for the second quarter, with revenue exceeding analyst expectations while profitability metrics fell short of forecasts. The company’s stock declined almost 3% in extended trading following the disclosure.
Total revenue reached $22.5 billion from a year earlier, reflecting a 26% increase year-over-year. However, net income contracted 5% to $1.11 billion, or 32 cents per share, compared with $1.17 billion, or 33 cents per share, in the prior-year per