Tesla shares fall 12% after Q2 free cash flow turns negative

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Tesla shares fell 12% to $329.015 in early trading on July 23, as the Fear & Greed Index indicated heightened market anxiety. The company reported Q2 revenue of $28.24 billion, a 26% year-over-year increase, but operating profit declined to $398 million, below expectations. Adjusted earnings per share came in at $0.33, down 18% from the prior year. Free cash flow turned negative at -$1.09 billion, marking the first such decline since Q1 2024. Trading volume surged as investors reacted to the earnings report.

ChainThink reports that on July 23, according to BIT market data, Tesla's shares opened with a decline of 12% to $329.015 per share, giving it a total market capitalization of $1.24 trillion.

Tesla announced its second-quarter earnings this morning, reporting revenue of $28.24 billion, exceeding market expectations and up 26% year-over-year—the first time in three years that revenue growth has exceeded 20%.

However, the operating profit for the second quarter was $398 million, below the market expectation of $1.39 billion; adjusted earnings per share were $0.33, a 18% decline year-over-year.

Free cash flow for the second quarter was -$1.09 billion, marking the first quarterly negative figure since the first quarter of 2024.

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