Tesla Inc (TSLA · NASDAQ)

Tesla's June-quarter revenue rebounded to $28.24B from $22.39B in March, but operating income fell to $398.0M — the lowest of the last four quarters — and free cash flow turned negative at -$1.09B as capex of $5.79B exceeded $4.70B in operating cash flow. The company beat estimates in three of its last four earnings reports, though earnings declined 3.0% year over year against 25.5% revenue growth, and margins remain thin (1.4% operating, 3.7% net). Valuation is stretched at a 349.25 P/E, 122.54 EV/EBITDA, and $1.50T market cap, with the stock at $377.81 sitting 22.9% below its 52-week high but 7.4% above its 50-day moving average. A class action alleging misleading Full Self-Driving claims adds a legal overhang.