While the core car business had a solid quarter, Tesla is now focused on building out the infrastructure and AI software that underpins its robotaxis and robotics businesses, which Musk has said are the future of the company. And doing so requires a lot more spending.

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…

Tesla Inc.reported negative free cash flow of $1.1 billion in Q2 as heavy spending on AI, robotaxis and manufacturing weighed. Deliveries beat expectations, while energy storage…

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