Tesla Posts $1.1 Billion Negative Free Cash Flow

Tesla reported negative free cash flow of $1.1 billion in Q2, down 848% year-on-year, as capital expenditures more than doubled to $5.8 billion. Elon Musk acknowledged the Terafab and AI chip investments are a "high-risk, high-payoff bet." Vehicle deliveries rose 25% to 480,126, but operating margin fell to 1.4%.