Earnings at Musk's Tesla fall as spending on research cuts into profit from selling cars

PBS — Jul 23, 22:56 PM

While the core car business had a solid quarter, Tesla is now focused on building out the infrastructure and AI software that underpins its robotaxis and robotics businesses, which Musk has said are the future of the company.

And doing so requires a lot more spending.

Read full article at PBS →

Tesla Plunges $200B as Tech Sells Off

Tesla sees a $200 billion wipeout as investors pan Musk’s plan to spend ‘as fast as we can’ MarketWatch — Jul 23, 15:24 PM
Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks Bloomberg — Jul 23, 16:53 PM
ASX set to slump as oil surges over $US100, Tesla and Alphabet tumble The Age — Jul 23, 19:24 PM
Tesla stock suffers double-digit drop on carmaker’s worst day in years The Guardian — Jul 23, 22:35 PM
Oil spikes, stocks fall on Iran and AI fears Semafor — Jul 23, 22:26 PM