Tesla’s profits slide despite growing revenue as it pivots to robotics and AI
Tesla cars on the lot at the factory in Fremont, California. Photograph: Justin Sullivan/Getty ImagesView image in fullscreenTesla cars on the lot at the factory in Fremont, California. The company’s already beleaguered stock, which had fallen around 14% this year to date, dipped further following the earnings report.Elon Musk’s automaker, once the pinnacle of his tech empire, has taken a back seat to SpaceX.
- ▪Tesla cars on the lot at the factory in Fremont, California.
- ▪Photograph: Justin Sullivan/Getty ImagesView image in fullscreenTesla cars on the lot at the factory in Fremont, California.
- ▪The company’s already beleaguered stock, which had fallen around 14% this year to date, dipped further following the earnings report.Elon Musk’s automaker, once the pinnacle of his tech empire, has taken a back seat to SpaceX.
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Tesla cars on the lot at the factory in Fremont, California. Photograph: Justin Sullivan/Getty ImagesView image in fullscreenTesla cars on the lot at the factory in Fremont, California. Photograph: Justin Sullivan/Getty ImagesTeslaTesla’s profits slide despite growing revenue as it pivots to robotics and AI Shares in Elon Musk company fall more 3% in after-hours trading, as earnings per share miss Wall Street expectationsNick Robins-EarlyWed 22 Jul 2026 17.01 EDTLast modified on Wed 22 Jul 2026 17.02 EDTSharePrefer the Guardian on GoogleTesla reported its second-quarter earnings on Wednesday, disclosing far lower profits than expected.
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