Tesla saw its stock plunge 26% in July after its Q2 2026 earnings report showed adjusted EPS of $0.33, a full 35% below analyst expectations. Despite record quarterly vehicle deliveries of 480,126 units and revenue of $28.24 billion, up 26% year-over-year, the bottom line disappointed investors. The stock shed nearly 15% in intraday trading the following session, compounding into a brutal 26% monthly decline. Tesla’s Bitcoin holdings of 11,509 BTC, worth approximately $726M to $740M, remained unchanged and failed to cushion the stock’s fall. The company now faces questions about its growth strategy and heavy spending at the expense of profitability.
Source: Read the original article
