{"slug": "tesla-profits-plunge-as-discounts-on-ev-models-weigh-on-results", "title": "Tesla profits plunge as discounts on EV models weigh on results", "summary": "Tesla Inc. reported a 55% drop in second-quarter net income to $1.48 billion, as discounts on electric vehicles weighed on results and capital expenditures more than doubled to $2.27 billion, driven by the company's accelerated pivot to semiconductors, autonomous taxis, and humanoid robots.", "body_md": "# Tesla profits plunge as discounts on EV models weigh on results\n\nSource:\n\n[Financial Times Technology](https://www.ft.com/technology)Capital expenditures more than doubled as company accelerates pivot to semiconductors, autonomous taxis and humanoid robots\n\nGet AI news in your inbox\n\nDaily digest of what matters in AI.", "url": "https://wpnews.pro/news/tesla-profits-plunge-as-discounts-on-ev-models-weigh-on-results", "canonical_source": "https://www.machinebrief.com/news/tesla-profits-plunge-as-discounts-on-ev-models-weigh-on-resu-h18w", "published_at": "2026-07-22 20:38:41+00:00", "updated_at": "2026-07-22 21:07:07.863566+00:00", "lang": "en", "topics": ["autonomous-vehicles", "artificial-intelligence", "ai-products", "ai-infrastructure", "robotics"], "entities": ["Tesla Inc."], "alternates": {"html": "https://wpnews.pro/news/tesla-profits-plunge-as-discounts-on-ev-models-weigh-on-results", "markdown": "https://wpnews.pro/news/tesla-profits-plunge-as-discounts-on-ev-models-weigh-on-results.md", "text": "https://wpnews.pro/news/tesla-profits-plunge-as-discounts-on-ev-models-weigh-on-results.txt", "jsonld": "https://wpnews.pro/news/tesla-profits-plunge-as-discounts-on-ev-models-weigh-on-results.jsonld"}}