Tesla Stock Plunges 14.5% After Q2 Earnings

Tesla stock fell 14.5% on July 23, closing near $320 and erasing over $140 billion in market value. Q2 revenue hit a record $28.2 billion, but operating income dropped 57% to $398 million and free cash flow turned negative by $1.1 billion. Investors reacted to limited concrete milestones for Robotaxi and Optimus timelines.