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Tesla's EV business faces challenges, including a 12% YoY revenue decline and a 14% drop in deliveries. Q2 earnings missed expectations, with EPS at $0.40 and revenue at $22.5 billion. Despite this, Tesla's long-term projects, such as its robotaxi initiative and humanoid robot, Optimus, have sparked investor optimism. However, the stock's ability to stay afloat may depend on future dreams rather than present-day profits.

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