Tesla stock dropped 11% after Q2 earnings showed $28.24B revenue but adjusted EPS of $0.33, missing estimates. Optimus robot production pushed to

Tesla delivered 480,126 vehicles in Q2, beating estimates. The stock dropped. Rivian's R2 targets Tesla's core price band. Options traders are positioning bearish.

Heading into today's earnings call investors are eager for updates about robotaxis and Optimus robots, which are key to Tesla's push into AI.

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

Tesla reported second-quarter profits of US$1.1 billion, down about 5 per cent from the year-ago level.