Tesla Q2: $28.2B Revenue, Negative Free Cash Flow, Stock Drops 14%
TSLA is trading near its 52-week low of $297.82 (8.8% above the low) on elevated volume (2.4× avg).
Summary
Tesla's Q2 2026 results missed on profitability with GAAP EPS of $0.32 despite $28.24B in revenue. Capex surged 142% YoY to $5.8B, driving negative free cash flow for the first time in over two years. The stock fell 14% as heavy AI and factory spending raised concerns about near-term returns. The company also disclosed a $1.95B AI hardware acquisition paid in stock, adding dilution. Separately, NHTSA will draft new exit-safety rules after deaths tied to Tesla vehicles, introducing regulatory risk. Multiple analysts cut price targets, with UBS trimming to $385. This follows a quarter of aggressive investment in Optimus robots and Cybercab, but the cash burn and regulatory headwinds are now front and center.
At the time of this announcement, TSLA was trading at $324.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.2T. The 52-week trading range was $297.82 to $498.83. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Wiseek News.