Tesla stock initially spiked 1% after reporting Q2 results, then fluctuated as investors processed the earnings miss. Revenue was $22.50 billion vs. $22.64 billion consensus, a 9% drop YoY. Adjusted EPS was $0.40 vs. $0.42, with operating income at $923 million vs. $1.23 billion expected. Tesla’s “more affordable” model still set for 2025 production, with no details on design or pricing. Robotaxi rollout planned for 2026, with expanded testing in Austin, Texas.

Read more at Yahoo Finance: American Airlines restores forecast, Tesla stock falls in wake of earnings miss