Woofun AI data shows Tesla reported Q2 revenue of $28.24 billion, exceeding the $25.71 billion consensus by 26% year-on-year.

However, adjusted earnings per share came in at $0.33, missing the $0.51 forecast, while net profit declined 5% to $1.11 billion. Gross margin contracted to 16.8%, down from 17.2% previously and below the 19.4% expectation. Operating expenses rose 47% to $4.35 billion, compressing the operating profit margin from 4.1% to 1.4% due to AI and R&D spending. Free cash flow turned negative at $1.1 billion, reversing from a positive $146 million last year, driven by capital expenditures that surged 142% to $5.79 billion for AI infrastructure and manufacturing. Automotive revenue grew 23% to $20.52 billion, energy revenue rose 13% to $3.14 billion, and services revenue jumped 50% to $4.58 billion. FSD subscription users increased 56% quarter-on-quarter to 1.48 million.