Woofun AI reports that Tesla shares declined 12% to $329.015, reducing market capitalization to $1.24 trillion. While Q2 revenue reached $28.24 billion, a 26% year-on-year increase, operating profit totaled only $398 million, missing the $1.39 billion consensus. Adjusted earnings per share fell 18% year-on-year to $0.33, and gross margin dropped to 16.8% from 21.1% in Q1. Free cash flow hit -$1.09 billion, the first quarterly negative result since Q1 2024, driven by capital expenditures doubling quarter-over-quarter. Executives stated capital spending will exceed $25 billion this year and continue rising over the next two to three years.