Tesla reported disappointing second-quarter results, with revenue, profit, and cash flow all falling short of expectations. Revenue dropped 12% YoY to $22.5 billion — the largest decline in a decade — while adjusted net profit fell 23% to $1.39 billion. Free cash flow plunged 89% to $146 million, well below analyst forecasts. Vehicle deliveries, lower regulatory credit income, and declining average selling prices contributed to the slump. Automotive revenue fell 16% to $16.7 billion, while energy revenue dropped 7% to $2.79 billion. Services revenue rose 17% to $3.05 billion.