00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla is expected to report negative free cash flow of $3.3 billion for the second quarter
00:08as spending on artificial intelligence, robotics, and manufacturing capacity rises,
00:13according to Reuters. The company plans to spend $25 billion this year as it shifts focus toward
00:20robo-taxis, humanoid robots, and full self-driving technology. Investors are questioning when those
00:26investments will generate returns after Tesla missed several expansion targets for its robo-taxi
00:32service. The network remains limited to four U.S. cities, while cybercab production is expected
00:37to ramp slowly. Analysts expect second quarter profit of $0.50 per share, up from $0.40 a year
00:44earlier. Automotive gross margin excluding regulatory credits is expected to fall to 18.1% from 19.2%
00:51in the prior quarter. For all things money, visit Benzinga.com.
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