update before AUGUST 2024

Tesla shares fell 12% Wednesday after the EV maker reported lackluster second-quarter earnings the day before, a sign investors’ patience with CEO Elon Musk is wearing thin as the company invests heavily in AI and other long-term initiatives while its core auto business struggles. Investors worry that Tesla’s investments in AI, chips and robotics projects will not make money for years to come, if at all.

$