Tesla Stock in Freefall After Disastrous Earnings Report

Tesla shares plunged after second-quarter earnings missed Wall Street expectations.

AI spending and operating costs rose faster than revenue growth, intensifying investor concerns.

Musk defended the robotaxi and Optimus plans, but the company’s high-cost growth strategy drew fresh scrutiny.

The stock fell more than 13% intraday and is down roughly 28% year to date.