Tesla’s AI Mirage: A Farce in Three Acts

While the S&P 500 parades its 10% gains like a peacock in full plumage, Tesla’s stock has performed the opposite ballet-descending 13% since January’s frost. This tragedy of arithmetic finds its chorus in the company’s financials: revenue collapsed 12% year-over-year to $22.5 billion in Q2 2025, with adjusted earnings shrinking by a princely 23% to $0.40 per share. One might suspect the ledgers were penned by Molière’s Misanthrope-all noble intentions, yet perpetually out of step with reality.








