Tesla Q2 Profit Falls 43% to $787M as Robot, Self-Driving Spending Climbs

The margin squeeze is the real story: Tesla is funding a pivot from car margins toward robotics and autonomy, and the earnings drop shows that transition now costs real money before it produces revenue. The claim that Optimus is in production and Cybercab deliveries are targeted by year-end shifts the burden of proof onto execution, not ambition. Whether those timelines hold, and whether autonomy spending starts generating returns rather than just absorbing profit, is the open question for anyone tracking the RWA-adjacent bet on physical AI.