Tesla Sold More Cars Than Ever and Burned Cash
Tesla sold more cars than ever last quarter and still burned through 1.1 billion dollars in cash, its first cash-burning quarter since early 2024. Revenue hit a record while operating profit fell 57 percent. The gap is a 5.8 billion dollar capital-spending spree on robotaxis, AI, and Optimus that has turned the world's most profitable EV maker into something that spends like a hyperscaler.
