POPA ReconTesla sales recover, profits remain the same as investment in AI and robots - Source
Tesla sales recover, profits remain the same as investment in AI and robots - Source Tesla Q2 sales exceeded expectations at $28.24 billion, but adjusted EPS was $0.33, below expectations of $0.53. R&D expenses increased 49% in one year to $2.37 billion. Facility investment is expected to exceed $25 billion this year. Tesla is pouring the money it earns from car sales into robotaxi, AI, and Optimus. Likewise, AI investments are falling because they are too large.
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