# Tesla profits plunge as discounts on EV models weigh on results > Source: > Published: 2026-07-22 20:38:41+00:00 # Tesla profits plunge as discounts on EV models weigh on results Source: [Financial Times Technology](https://www.ft.com/technology)Capital expenditures more than doubled as company accelerates pivot to semiconductors, autonomous taxis and humanoid robots Get AI news in your inbox Daily digest of what matters in AI.