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Tesla Profits Plunge & SpaceX Stock Continues Fall
Description
John Johnston (JJ) breaks down Tesla Earnings for Q2 2026, in which Tesla profits plunged as discounts on its EV models weighed on the earnings results. Tesla stock sank during the earnings call with Elon. SpaceX stock also sank significantly on the day, now down almost 50% from its peak. Tesla’s capital expenditures doubled as Tesla continues to struggle to pivot to the hot semiconductor sector, autonomous robotaxis, and Optimus humanoid robots.
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Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for general education and entertainment purposes only. Do your own analysis and seek professional financial advice before making any investment decision.