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On July 23, reports emerged that Tesla (TSLA.O) had generated a revenue of $28.2 billion in the second quarter of 2026, outstripping market projections of $25.706 billion. Nevertheless, its Q2 profits failed to meet Wall Street's estimates, marking a setback for the electric vehicle giant. According to the financial report, Tesla's adjusted earnings per share amounted to 33 cents, falling short of analysts' anticipated 51 cents. Furthermore, the company reported a negative free cash flow of $1.09 billion. Musk had earlier cautioned that expenditures would surpass $25 billion for the year, as Tesla aims to bolster production of vehicles, batteries, and robots across its six factories. The ramifications of this investment are already evident in the financial statements, prompting investors to demand further clarity on how these funds will be allocated.
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