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Tesla profit disappoints as Elon Musk’s AI spending surge leads to cash burn

Tesla
New York Post Fews App News Provider
Fews App Post Time Hace 1d

Tesla on Wednesday missed analysts’ profit forecasts for the second quarter and, for the first time in more than two years, reported negative free cash flow as the Elon Musk-led EV maker accelerated spending on infrastructure for its AI and robotics ambitions. Shares were down about 2. 5% in extended trading.

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