KuaiJie Network news: Tesla’s stock is transforming into Elon Musk’s AI empire. In the second quarter of 2026, Tesla generated net revenue of $1.11 billion, mainly from a $1.01 billion paper gain tied to its SpaceX stake rather than car sales. Although car revenue rose year over year by 23% to $20.52 billion, its operating profit margin fell from 4.1% last year to 1.4%. Operating expenses for Tesla’s AI infrastructure and robotaxi project increased by 47%, reaching $4.4 billion, while regulatory credit revenue plunged 67% to $146 million. Tesla delivered a record 480,126 vehicles in the quarter, but its gross margin still declined to 16.8%. Tesla’s market value has increased by about $500 billion, indicating that its future is relying on AI rather than car sales.