Tesla shares fall nearly 15 percent after earnings miss

Update

Tesla's results missed analyst expectations.

The share fall came amid questions over Tesla's large capital spending plans.

Alphabet shares fell nearly 7 percent as investors scrutinised the likely return from large artificial intelligence investments.

Source note: AFP news report published on 23 July 2026 at 20:08:21 UTC.

Update

Tesla shares slumped nearly 15 percent after its earnings disappointed investors.

Source note: AFP news report published on 23 July 2026 at 20:02:01 UTC.

Update

Tesla shares fell almost 10 percent at the Wall Street open.

Tesla had reported weaker-than-expected quarterly profits.

Alphabet shares fell more than six percent.

Alphabet had posted solid earnings, but investors were concerned about its large spending on AI infrastructure.

Source note: AFP news report published on 23 July 2026 at 13:42:37 UTC.

Update

Tesla shares fell sharply at the Wall Street open after earnings.

Google shares also fell sharply at the Wall Street open after earnings.

Source note: AFP news report published on 23 July 2026 at 13:34:15 UTC.

Update

Tesla said revenue rose 26 percent to $28.2 billion while second-quarter profit fell about five percent to $1.1 billion, or 33 cents per share, below analyst estimates of 53 cents per share.

Tesla said profitability was hurt by lower vehicle sales prices, lower regulatory credit revenue and unspecified energy warranty-related charges.

Capital expenditures more than doubled to $5.8 billion in the quarter compared with a year earlier.

Elon Musk described Tesla's construction activity as likely the fastest industrial scale-up in the United States since World War Two.

Tesla is involved with SpaceX and xAI in Terabab, a $20 billion chip-building project in Austin.

Tesla said it had begun production of its Cybercab vehicle in Texas and that Tesla Semi production remains on track for 2026.

Tesla reported growth in subscribers to its FSD driver-assistance program.

Musk discussed reliability targets for scaling Tesla's robotaxi plans.

CFRA Research analyst Garrett Nelson said investor concern over spending was weighing on Tesla shares.

Tesla CFO Vaibhav Taneja said research-and-development-driven operating expenses are expected to keep growing in 2026 and beyond.

The report was Tesla's first earnings announcement since Musk launched SpaceX as a publicly traded company in June, and Musk addressed questions about overlap between Tesla and SpaceX.

Source note: AFP news report published on 23 July 2026 at 00:11:00 UTC.

Update

Tesla said it began production of its Cybercab vehicle in Texas and that Tesla Semi production remained on track for this year.

Tesla reported increased subscribers to its FSD driver-assistance program, lifting revenue.

The report discusses investor speculation about a possible SpaceX-Tesla combination after SpaceX became publicly traded in June.

SpaceX President Gwynne Shotwell said a combination might make Musk's life easier and said there were synergies between Tesla and SpaceX.

CFRA analyst Garrett Nelson said investors are concerned about the start of a multi-year capital spending spree and limited transparency on expected returns.

Tesla technology has faced renewed scrutiny after a June Model 3 crash in Katy, Texas, in which a resident was killed and the driver was charged with manslaughter.

Deutsche Bank described Tesla's robotaxi rollout in Austin as slower than expected, citing wait times possibly linked to vehicle availability.

Source note: AFP news report published on 22 July 2026 at 21:05:34 UTC.

Update

Revenue rose 26 percent to $28.2 billion.

Tesla said profitability was hurt by lower vehicle sales prices, lower regulatory-credit revenue and an unspecified vendor cell issue that increased energy warranty-related charges.

Tesla said it began production of its Cybercab vehicle in Texas.

Tesla said Tesla Semi production remains on track for this year.

Tesla reported gains in subscribers to its FSD driver-assistance program, which boosted revenue.

Tesla has said it plans to spend more than $25 billion on autonomous transport, humanoid robotics and artificial intelligence initiatives.

Tesla shares fell 2.4 percent in after-hours trading.

Source note: AFP news report published on 22 July 2026 at 20:41:22 UTC.