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Tesla's profits hit as Musk pours $25bn into AI and robotics

Tesla reported mixed Q2 2026 results, with record deliveries and solid revenue growth offset by a significant drop in earnings per share and negative free cash flow. Elon Musk plans to spend over $25 billion this year on artificial intelligence, robotics and the Robotaxi project. Wall Street investors are increasingly concerned about the pace and scale of these expenditures.