Tesla’s profits slide despite growing revenue as it pivots to robotics and AI

Tesla's second-quarter earnings fell short of expectations this week, with the automaker reporting lower-than-expected profits and earnings per share. Per The Guardian, shares dropped three percent in after-hours trading, extending a rough year in which the stock is already down about fourteen percent. The miss underscores Elon Musk's shifting priorities—SpaceX, his rocket and artificial intelligence venture, has become his dominant focus, particularly following what The Guardian describes as the largest stock market debut in history last month. That milestone apparently lifted Musk's net worth to trillionaire status, though his wealth has since declined from its peak.

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