This May Be the Most Damning Single Fact in Tesla’s Quarterly Earnings Report

Tesla reported weaker quarterly profit, negative cash flow, and results that fell short of expectations.

The biggest concern is Robotaxi: paid ride miles declined in Q2, the fleet is still small, and expansion plans remain unclear.

Autonomous taxis are central to Elon Musk’s long-term valuation story, but slowing results are fueling investor skepticism.

Tesla’s stock dropped sharply after the report, reflecting disappointment with both the earnings and the Robotaxi rollout.