$Tesla (TSLA.US)$ Tesla's price fell because of the lack of ...

Tesla's price fell because of the lack of details about Cybertruck and Robotaxi during the earnings conference calls.

Second quarter revenue reached a record high, but profit margins declined. Since Musk failed to disclose the exact specifications and delivery date of Cybertruck and Robotaxi during the conference call, the stock price fell in the aftermarket.

In addition, Musk and other Tesla executives also said that due to the summer factory upgrade shutdown, production is expected to decline in the third quarter.

Gross margin fell beyond expectations, at only 18.2%, and free cash flow was only USD1.05 b, far below analysts' expectations of USD2.18 b.

Tesla explained in the report that the main reason for the low profit margin is that the "mixed pricing" of the cars it sells has led to a drop in average sales price, while the cost increase caused by the increase in internal design battery production has also dragged down profit margins.

Tesla said that even though Cybertruck's "mass production tool" has been launched, Tesla currently only produces the "release candidate" (release candidate) version. They are now testing Cybertruck around the world for final certification and validation.

At the earnings conference, Musk made no relevant disclosure about Robotaxi, but with regard to autonomous driving, he still insisted that by the end of this year, Tesla's autonomous driving technology will surpass humans.

"I know I'm a kid who always shouts about autonomous cars. You see a lot of people working for LLMS's AI companies, and I'm wondering, if they're really that powerful, why can't they make autonomous cars? Because it's harder!" Musk said.