Tesla's Auto Business Strains as Elon Musk Shifts Focus to AI and Robotics
Tesla reported second-quarter results showing it missed profit forecasts and experienced negative free cash flow for the first time in over two years. The company is investing heavily in AI, robotics, and self-driving technology while facing pressure on its core auto business due to lower average selling prices and declining regulatory credit revenue.
Tickers: $TSLA
Topics: AI and robotics investment automotive electric vehicles profitability