Tesla fell more than 7% after hours: Q2 revenue exceeded expectations, net profit dropped by 43%, accelerating investment in AI

In the second quarter, Tesla's total revenue increased by 2% instead of decreasing, with energy business revenue doubling and reaching a new high. However, automotive business revenue decreased by 7%, while EPS and net profit both dropped by over 40%. "Carbon credit" revenue doubled compared to the previous period, reaching a new record of $8.9 billion. Tesla still expects Cybertruck to be profitable by the end of this year, with car production expected to increase in the third quarter and the possibility of new models like affordable cars starting production in the first half of next year. The focus remains on cost reduction across the company, accelerating the development of AI products and services, and the deployment timing of Robotaxi depends on technology and regulations. Musk confirmed the media reports of Robotaxi being delayed by two months to October, reiterating that affordable cars will be delivered in the first half of next year