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Mobility

Tesla shares plunge 12 percent on weak results as markets doubt robotaxi and Optimus promises

Tesla shares fell more than 12 percent after its 2026 second-quarter profit and free cash flow missed market expectations, wiping out more than $140 billion in market value. Revenue rose 26 percent and deliveries hit a record, but operating profit and margins declined and adjusted EPS fell short of Wall Street estimates. Free cash flow turned negative as capital spending jumped. Investors were not swayed by Elon Musk’s comments on Optimus or robotaxi metrics.

Industry

Tesla posts record Q2 deliveries but focus turns to profitability in results due July 22

Tesla posted a record level of second-quarter vehicle deliveries, but market attention is on whether higher sales translated into better profitability. Tesla is to release its 2026 second-quarter results after the market close on July 22, with a conference call at 5:30 p.m. ET. Consensus estimates put revenue at $25.9 billion to $26.4 billion and adjusted EPS at $0.52 to $0.53, with wide forecasts reflecting uncertainty over discounting, financing support and margins.

Industry

LG Energy Solution selected as first AI distribution grid ESS operator

LG Energy Solution said on Thursday it was selected as the operator for the Ministry of Climate, Energy and Environment’s 2026 support project for building AI-enabled energy storage systems. The distribution-grid ESS support project is the first of its kind in South Korea. LG Energy Solution joined a consortium with Shinhan Asset Management and secured seven distribution lines, totaling 140 MWh. Commercial operation starts in 2027 and will run for 20 years.