TESLA Q2: The Selloff Is Missing The Robotaxi Shift

Tesla’s Q2 numbers triggered a brutal market reaction. But Larry Goldberg argues the more important signal may be hiding in plain sight: Tesla is beginning the transition from a car business towards autonomy, software and fleet-based revenue. In this post-earnings breakdown on @overthehorizon, Larry and I dig into falling automotive margins and ZEV-credit revenue, rising services revenue and operating costs, accelerating FSD subscriptions, Tesla’s Robotaxi rollout, early FSD V15 builds already operating in the Robotaxi fleet, Cybercab, Optimus and Tesla’s massive AI and manufacturing investment. Larry’s central argument is deliberately contrarian. The near-term financial pain may partly reflect the cost of building the next version of Tesla. He believes Robotaxi and FSD could eventually force investors to look at Tesla’s financial statements very differently. We also discuss why Larry thinks Tesla may have lost roughly a year on Cybercab, why Robotaxi scaling remains conservative, what Elon Musk’s answer did and did not reveal about a possible Tesla-SpaceX combination, and the very real risks behind the long-term thesis. This is analysis and discussion, not investment advice. #Tesla #Robotaxi #FSD #overthehorizon #overthehorizonpodcast