Why Is Tesla (TSLA) Stock Price Down 14.52% Today, July 23? Earnings Miss and AI Spending Raise Profitability Concerns

Tesla shares sold off sharply after a Q2 earnings miss alongside margin pressure, negative free cash flow, and a large capex ramp tied to AI, robotaxi, and robotics. The results shift attention from delivery growth to funding requirements and return-on-investment risk, raising scrutiny of near-term profitability and balance-sheet flexibility. The move is largely idiosyncratic but can weigh on broader growth/AI-linked risk appetite.