🎧 Tesla Daily Podcast
📝 Today’s Tesla News Summary
Stock Performance: Tesla shares trading around $328, down approximately 27% year-to-date despite a brief rally from July highs near $425. The stock started August at roughly $311, showing continued volatility as investors weigh long-term potential against near-term profitability challenges.
Q2 Earnings Recap: Tesla reported record Q2 revenue of $28.24 billion, beating estimates by 7%, but earnings per share came in at just 33 cents, missing consensus by nearly 39%. The company posted negative free cash flow of $1.09 billion due to massive AI infrastructure spending. Despite this, Tesla delivered a record 480,126 vehicles and maintains $43+ billion in cash.
Terafab Megafactory Announced: Elon Musk and SpaceX jointly announced Terafab — a semiconductor megafactory in Grimes County, Texas. Spanning over 100 million square feet with a potential cost of $119 billion, Musk calls it “the largest and most valuable building on Earth.” Phase one carries a $16.8 billion commitment.
Autonomous Driving Progress: Tesla’s Full Self-Driving subscription base has grown to 1.48 million customers, a 56% year-over-year increase. Robotaxi service has expanded to seven U.S. metropolitan areas.
Product Updates: Tesla’s chief designer confirms the Roadster is coming “very soon.” The Cybercab is integrating Starlink satellite internet to support AI bandwidth demands. Megapack 3 production has begun at the new Brookshire, Texas Megafactory, driving a 41% year-over-year increase in energy storage deployments.