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Tesla sold 25% more cars and made 57% less operating profit. The AI spending is the reason.

The Next Web

TechnologyThe Next Web·Jul 23, 2026·1 min read

Tesla sold 25% more cars and made 57% less operating profit. The AI spending is the reason.

Tesla delivered 480,126 vehicles in the second quarter, its highest-ever quarterly total, and generated record revenue of $28.24 billion, up 26% year-on-year. Operating income fell 57% to $398 million. Adjusted earnings of 33 cents per…

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