TESLA AUTOMOTIVE REVENUE FELL 3 %, AND ENERGY GENERATION AND STORAGE TUMBLED 16 %. SHOULD INVESTORS STILL VIEW TESLA AS A CAR COMPANY ?

What happened: Tesla reported another quarter of flat revenue growth, with automotive revenue down 3% and energy generation and storage revenue down 16%. The article asks whether investors should still view Tesla as a car company. Key numbers: Q2 revenue fell 0.2% to $28 billion. Why it matters: Nearly three-quarters of revenue still comes from vehicles, but Tesla has separated its valuation from its no-growth auto business by shifting investor focus to autonomy, Optimus, and AI. The article says the stock looks best avoided at its current market cap.

Tesla reported another quarter of flat revenue growth, with automotive revenue down 3% and energy generation and storage revenue down 16%. The article asks whether investors should still view Tesla as a car company.

Nearly three-quarters of revenue still comes from vehicles, but Tesla has separated its valuation from its no-growth auto business by shifting investor focus to autonomy, Optimus, and AI. The article says the stock looks best avoided at its current market cap.