---
title: "Tesla's operating margin just fell to 1.4% and free cash flow went negative. Here's where the money is going."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293685084.md"
description: "A record quarter for revenue was also the thinnest for profit in a while. But the spending behind that gap is the real story."
datetime: "2026-07-24T01:21:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293685084.md)
  - [en](https://longbridge.com/en/news/293685084.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293685084.md)
---

# Tesla's operating margin just fell to 1.4% and free cash flow went negative. Here's where the money is going.

A record quarter for revenue was also the thinnest for profit in a while. But the spending behind that gap is the real story.

### Related Stocks

- [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md)
- [TSL.US](https://longbridge.com/en/quote/TSL.US.md)
- [TSLY.US](https://longbridge.com/en/quote/TSLY.US.md)
- [TSLI.US](https://longbridge.com/en/quote/TSLI.US.md)
- [TSLT.US](https://longbridge.com/en/quote/TSLT.US.md)
- [TSLG.US](https://longbridge.com/en/quote/TSLG.US.md)
- [TESL.US](https://longbridge.com/en/quote/TESL.US.md)
- [TSLL.US](https://longbridge.com/en/quote/TSLL.US.md)
- [TSLZ.US](https://longbridge.com/en/quote/TSLZ.US.md)
- [TSDD.US](https://longbridge.com/en/quote/TSDD.US.md)
- [TSLR.US](https://longbridge.com/en/quote/TSLR.US.md)
- [TSLQ.US](https://longbridge.com/en/quote/TSLQ.US.md)
- [TSLS.US](https://longbridge.com/en/quote/TSLS.US.md)
- [TSLO.US](https://longbridge.com/en/quote/TSLO.US.md)
- [TSLW.US](https://longbridge.com/en/quote/TSLW.US.md)
- [TSYY.US](https://longbridge.com/en/quote/TSYY.US.md)
- [TYYY.US](https://longbridge.com/en/quote/TYYY.US.md)
- [CRSH.US](https://longbridge.com/en/quote/CRSH.US.md)
- [TSLP.US](https://longbridge.com/en/quote/TSLP.US.md)
- [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md)
- [07766.HK](https://longbridge.com/en/quote/07766.HK.md)
- [09366.HK](https://longbridge.com/en/quote/09366.HK.md)

## Related News & Research

- [SpaceX bought $295 million worth of Tesla Megapacks in Q2](https://longbridge.com/en/news/295135148.md)
- [Tesla exhausts its California MyFirstEV rebate allocation in 5 days](https://longbridge.com/en/news/295440002.md)
- [Tesla's design chief says Roadster's reveal is coming 'very soon'](https://longbridge.com/en/news/295557357.md)
- [Tesla built a Starlink internet dish into its Cybercab robotaxi](https://longbridge.com/en/news/295561525.md)
- [Tesla's July China deliveries fall to 27,249 as Shanghai exports hit record high](https://longbridge.com/en/news/295635099.md)