Tesla stock $TSLA rose 4% immediately after the earnings results



But as soon as the earnings call started and we heard management and Elon Musk's words... the stock reversed its direction

Reasons for the decline:
1. The CFO said they are "entering a major investment phase that will last for years, and capital expenditure in 2026 will exceed $25 billion" to build 6 new factories, AI equipment for ‎@Tesla_Optimus and ‎@robotaxi, and a semiconductor research factory.. Therefore, he warned that free cash flows will be "negative" for the rest of the year due to this spending

2. Elon said that the returns from ‎@robotaxi and autonomous driving will not be impactful in 2026

3. Management confirmed that third-generation HW3 vehicles do not have the capability to reach full autonomous driving without supervision...

$TSLA
TSLA0.07%
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