Capital expenditures more than doubled as company accelerates pivot to AI and robots

Tesla's profits fell last quarter as the car company run by Elon Musk shoveled more money into research and development, cutting into profits from a sharp increase in vehicle…

The company’s second quarter revenues are up 26 percent year over year, but its profits are down 5 percent.

Shares fell 2.8 per cent after the closing bell on Wall Street