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Tesla stock sinks as investors weigh heavy AI and robotics spending
Tesla shares closed around $336.87, after a Q2 marked by record revenue but weaker-than-expected non-GAAP EPS and margin pressure.
Tesla stock has continued to lag in 2026, recently closing around $336.87, below its 200-day moving average and well off the $498.83 52-week high set in June. The article attributes the pressure to margin compression, a negative free cash flow quarter, and investor anxiety about Tesla’s large AI and robotics capital spending.
Even with the market concerns, Tesla reported Q2 2026 results that beat the Street on top-line growth. Yahoo Finance says the company posted record revenue of $28.24 billion, up 26% year over year, exceeding analyst consensus of about $26.4 billion, helped by Q2 record vehicle deliveries of 480,126.
On profitability, however, the article highlights that non-GAAP earnings per share came in at $0.33, missing the $0.53 consensus estimate by nearly 39%. The piece links that shortfall to the broader narrative that heavy investment in autonomous driving and robotics may be weighing on margins.
Looking ahead, Yahoo Finance points to anticipation around Tesla’s upcoming public Cybercab robotaxi launch in Austin and continued progress on the Optimus humanoid robot program, even as investors watch how the spending translates into financial results.