Core Viewpoint - Tesla's Q2 earnings results slightly missed expectations on both revenue and adjusted EPS, but gross margins exceeded forecasts, indicating a potential stabilization in profitability despite challenges in the core EV business [1][6]. Financial Performance - Q2 revenue was reported at $22.50 billion, slightly below Wall Street's estimate of $22.64 billion [6]. - Adjusted EPS for Q2 was $0.40, compared to Wall Street's expectation of $0.42 [6]. - Gross margins were 17.2%, surpassing the expected 16.5% [6]. Positive Aspects - Tesla reported a gain of $284 million on digital assets, maintaining a significant holding of 11,509 Bitcoin valued at over $1 billion [2]. - The energy division, which includes solar and energy storage products, achieved record gross profit of $2.6 billion in 2024, with Q2 2025 gross profit reaching $846 million [3]. Negative Aspects - Free cash flow for Tesla was $146 million, falling short of Wall Street's estimate of $760 million, attributed to investments in retooling factories and transitioning businesses [4]. Future Outlook - The company needs to demonstrate stabilization in its core EV business, successful scaling of its robotaxi service, and continued growth in its energy segment to regain investor confidence [5].