Tesla faces an estimated $3.3B negative free cash flow in Q2 2026 from AI spending, yet holds 11,509 BTC worth $786M with no plans to sell.

Alphabet and Tesla report Q2 2026 earnings on July 22. Tesla holds 11,509 BTC with unrealized losses, while Alphabet's AI capex hits $180-190B.

Tesla posts record Q2 deliveries but is set to burn roughly $3.25bn in cash as its $25bn AI, robotaxi, and Optimus bill tests investor patience.

CEO Elon Musk has pivoted the electric-vehicle maker's focus from manufacturing cars to building so-called physical AI businesses such as self-driving taxis and humanoid robots.…