Will robotaxi be the next big trigger for Tesla? Here’s what Elon Musk said

Tesla's Q2 earnings missed profit estimates for the first time in over two years, reporting negative free cash flow as the company accelerated AI and robotics spending. CEO Elon Musk plans to spend more than $25 billion this year, almost triple last year's level, betting heavily on robotaxi and the Optimus humanoid robot over the core auto business. Tesla shares dropped more than 4 percent in extended trading after the profit miss and cash burn, despite record vehicle deliveries. Musk said Tesla will scale robotaxi operations as fast as possible while ensuring it harms no one.