Tesla's $1.44B Q2 Cash Flow vs. $25B+ AI Spending Pledge

Tesla posted $1.44 billion in Q2 2026 free cash flow — cash left after capital spending — on July 22. But management guided full-year capex above $25 billion, per Reuters, targeting AI and robotaxi infrastructure. One strong quarter doesn't close that gap, and returns on these investments remain unproven at scale.