Sales were up at Tesla but so were costs and spending
Summary
Tesla posted a Q2 2026 where revenues rose to $28.2B, but operating expenses surged and margins narrowed to 1.4%. The company continues heavy spending on AI initiatives, humanoid robots, and robotaxi plans, with free cash flow turning negative despite profits. The article underscores a shift toward recurring revenue in services and potential regulatory hurdles for robotaxi deployments.