Tesla's stock price failed to rally Thursday after reporting weaker-than-expected second-quarter earnings, leading to the largest one-day market cap loss for the company on record. Tesla closed at $319.

The Optimus robot weighs 154 pounds and is going to be produced where the Model S and X vehicles were made.

Shares of Alphabet and Tesla dipped after the companies reported massive spending increases in their quarterly earnings reports.

As major tech companies race to capitalize on a new wave of AI technology, investors wonder when financial benefits will appear.

Tesla and Alphabet shares crumbled on Thursday. Soaring capex has spooked investors, who are eager to see AI projects finally yield some return.

Ford just struck a deal with one of the most powerful companies in tech that changes what its next electric truck can do

Tesla is in negative free cash flow territory, as it increases its expenditures on major projects like AI infrastructure and robotics.

Tesla Inc.’s profit tumbled despite strong electric vehicle deliveries in the most recent quarter, pressuring Elon Musk’s plan to refocus the company on artificial intelligence and robots. Spending on the ambitious initiatives surged to $5.

Tesla missed second-quarter earnings estimates and the stock was down Thursday. Wall Street remains firmly focused on the future, though.