Elon Musk's Tesla posts cash burn as capex surges on AI, robotaxi push

Tesla reported negative free cash flow of $1.1 billion in the second quarter, better than the $3.3 billion burn analysts had expected. The company delivered 480,126 vehicles, exceeding Wall Street estimates and up from 384,122 a year earlier, while energy storage deployments rose to 13.5 GWh from 9.6 GWh previously. Shares have fallen more than 15% year-to-date as investors weigh competitive pressures in autos against expansions in robotaxi service and the AI and autonomy push.