- China ordered recalls for about 2.98 million Tesla vehicles over concealed door handles that can be difficult to open after a crash; fixes include software updates, warning labels and improved markings.
- Tesla raised U.S. prices for the Cybertruck Dual Motor AWD and Premium AWD trims by $5,000 each, while the Cyberbeast price stayed unchanged.
- Tesla’s Q2 revenue reached $28.24 billion and beat estimates, but adjusted EPS came in at $0.33 versus a $0.54 consensus, operating margin fell to 1.4%, and capex more than doubled to $5.79 billion.
- Robotaxi mileage growth exceeded 10% per week and FSD subscriptions surpassed 1.48 million, supporting the bull case that autonomy and robotics will become larger earnings drivers.
Quotes
“Optimus will be the biggest product ever”