Tesla shares weakened after the company reported mixed second quarter results and signalled an aggressive investment push. Robinhood data shows the stock trading near $351.86 with a market capitalization around $1.4 trillion and a P/E ratio of 357.26. The intraday range moved between $353.23 and $380.17, leaving the share price roughly 0.4 percent above the session low and 7.4 percent below the high.
Trading volume on the session registered about 30.65 million shares versus an average daily volume near 31.69 million, according to Robinhood. Over the past year the stock has traded between a high of $498.83 and a low of $297.82. Markets reacted to an after‑hours selloff and a drop of roughly 6 percent in early trading after the earnings release.
Company Spending And Strategic Signals
The Wall Street Journal reported Tesla posted negative free cash flow in the quarter exceeding $1 billion, driven by heavy spending on artificial intelligence and robotics. On the earnings call, Taneja told investors the company is prepared to spend aggressively on vehicles and autonomy, framing the period as a major capital investment cycle.
Elon Musk described the spending spree as the fastest industrial scale up since World War II and said the year is shaping up to be a massive capital expenditure year. Musk also said demand for Full Self Driving is surging in areas where regulators have cleared it, highlighting continued interest in software upgrades.
Discussion about a possible tie up with SpaceX resurfaced after Musk acknowledged growing overlap between the companies but declined to confirm any merger plans. Analyst Gene Munster said he increased his odds of a Tesla‑SpaceX combination after the call, raising his prior probability estimate from 80 percent to 90 percent.
Tesla also reported holding digital assets despite paper losses, with the company saying it held about $674 million in crypto as of March 31 and recognising roughly $112 million in losses in a weak market. Retail investors can trade Tesla shares and options commission free through platforms such as Robinhood, which generated some of the portfolio data cited here.
