Musk's Tesla reports cash burn for first time in more than 2 years

Elon Musk-led Tesla posted its first cash burn in over two years, reporting negative free cash flow of $1.1 billion in the second quarter. This comes after the EV maker ramped up spending on AI infrastructure, battery capacity and robotaxis. Tesla delivered 4,80,126 vehicles in the second quarter, above Wall Street expectations and up from 3,84,122 vehicles a year earlier.