๐จ BREAKING: Tesla stocks reaches our downside target!
Revisit our post-earnings potential scenarios for this stock posted on Tue, July 21st:
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Overnight, the EV maker announced its first cash burn in 2 years: US$1.09B in negative free cash flow.
This year's capex is expected to exceed US$ 25B - investing in Optimus humanoid robots, robotaxi fleet, and other AI initiatives.
CEO Elon Musk describes 2026 as "massive capex year"; capex expected to rise over next 2-3 years.
Despite higher-than-expected quarterly revenue of US$ 28.24B, investors focused instead on the big miss in profits (adjusted earnings of 33 cents per share vs. 51-cent estimate)
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