Tesla Stock Craters 13.5% in One of Its Worst Days

Tesla shed roughly 13.5% of its value on Thursday — one of the steepest single-day drops in the company's history — after reporting weak profits and eye-watering spending on AI and robotics. The sell-off leaves Tesla down about 27% for the year, as investors grow increasingly impatient with Elon Musk's pivot away from cars. Separately, Intel offered a rare bright spot in tech, with its shares rallying after the chipmaker posted 25% revenue growth in Q2, its fastest expansion in 15 years.