TESLA VENDE MÁS, PERO EL FUTURO CONSUME LA CAJA

Tesla reports a contradiction between growth and profitability. While vehicle deliveries and revenues increased, profit margins plummeted and free cash flow turned negative due to massive investments in AI, robotaxis, and the Optimus robot. Investors are penalizing the stock as the company uses its core automotive business to fund high-risk, long-term technological transitions.