Thursday, 23 July, 2026
High-Tech Gamble: Tesla’s AI Spree Triggers Cash Burn
By TechShots Studio
Tesla missed Q2 profit targets and posted a -$1.1 billion cash burn—its first negative free cash flow in over two years. Capital expenditures surged to $5.8 billion as Elon Musk accelerates investments in AI, robotaxis, and humanoid robotics. Heavy spending, combined with price cuts and declining regulatory credits, squeezed margins despite record vehicle deliveries and $28.24 billion in revenue.
Read full story at CIO ECONOMIC TIMES