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Tesla Profit Falls As Musk Ramps Up Spending On AI, Robotaxis

Tesla's second-quarter profit dropped 12% as R&D spending jumped 49%, even as revenue and vehicle sales beat Wall Street expectations

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Published: 23 July 2026
Tesla Profit Falls As Musk Ramps Up Spending On AI, Robotaxis
Tesla's second-quarter profit dropped 12% as R&D spending jumped 49%, even as revenue and vehicle sales beat Wall Street expectations

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