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Tesla Q2 Profit Falls 12% as AI and Robotaxi R&D Spending Surges 49%

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Tesla reported a 12% decline in second-quarter profit, weighed down by a sharp rise in research and development expenditure. The EV maker increased its R&D spending by 49%, reflecting CEO Elon Musk's aggressive push into artificial intelligence and robotaxi development. Despite the profit drop, Tesla's revenue and vehicle sales figures came in ahead of Wall Street analyst expectations. The results highlight a strategic trade-off between near-term earnings and long-term bets on autonomous and AI-driven technologies.

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Tesla Q2 Profit Falls 12% as AI and Robotaxi R&D Spending Surges 49% · ShortSingh