Tesla shares fall sharply amid worst decline in years

Tesla's stock plummeted about 13.5%, losing a quarter of its value this year, after reporting weaker-than-expected earnings and revealing significant investments in AI and robotics. The company’s second-quarter results showed earnings of 31 cents per share versus the expected 51 cents, leading to a major selloff amid investor concerns over slow product rollouts and high spending. Tesla’s market decline contributed to a broader downturn in major tech stocks, including Alphabet, which also experienced losses.

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