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 — while free cash flow turned negative at -$1.09B as capex ($5.79B) exceeded operating cash flow ($4.70B). 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, leaving margins thin (1.4% operating, 3.7% net). Valuation remains demanding at a 350.03 P/E, 122.54 EV/EBITDA, and $1.49T market cap, with the analyst target of $397.83 sitting above the last price of $375.23. Separately, US auto-safety regulators are probing claims that Tesla robotaxis exceeded speed limits in active school zones.