Tesla's $1.44B Q2 Cash Flow Dwarved by $25B+ AI Capex Commitment

Tesla reported $1.44 billion in Q2 2026 free cash flow on July 22, but management warned of further cash burn ahead. Full-year capital expenditure is guided above $25 billion, per Reuters, targeting AI and robotaxi infrastructure. A single quarter of positive cash flow doesn't close that gap — and the returns on these investments remain unproven at scale.