Latest / The John Johnston Lounge
Tesla Profits Plunge & SpaceX Stock Continues Fall
John Johnston (JJ) breaks down Tesla Earnings for Q2 2026, in which Tesla profits plunged as discounts on its EV models weighed on the earnings results. Tesla stock sank during the earnings call with Elon. SpaceX stock also sank significantly on the day, now down almost 50% from its peak. Tesla’s capital expenditures doubled as Tesla continues to struggle to pivot to the hot semiconductor sector, autonomous robotaxis, and Optimus humanoid robots. Related episodes:SpaceX Stock is Crashing & Tesla Investors Want Answers https://open.spotify.com/episode/2Jey6dAGdZeZNXvAk6DGj7SpaceX Stock Crashes…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.