MONEY
Tesla Stock Crashes 12% After Disastrous Q2 Earnings
Tesla wipes out $140 billion in market value as profit misses and negative free cash flow finally break the 'just trust me' spell.
Tesla shares plunged over 12% on Thursday morning, erasing more than $140 billion in market value. The sell-off hit after the automaker's Q2 2026 earnings report showed missed profit expectations and negative free cash flow.
- Tesla stock down more than 12% in a single day
- Wiped out over $140 billion in market value
- Q2 2026 earnings missed on profit
- Free cash flow turned negative during the quarter
WHY THIS MATTERSIf your retirement account or investment app is heavy on tech index funds, your net worth just shrank because billionaire optimism isn't a currency. When vibes-based valuations meet negative free cash flow, retail investors are the ones holding the bag.