Tesla Debuts Its Robotaxis in Orlando and Tampa. What This Means for TSLA Stock. Pathikrit Bose Sat, July 25, 2026 at 7:00 AM PDT 4 min read TSLA Before posting a truly mixed set of numbers for the second quarter of 2026, electric vehicle (EV) major Tesla (TSLA) expanded its robotaxi service to two more cities in the state of Florida: Orlando and Tampa. This follows the company's robotaxi launch in Miami, Florida earlier this month. Riders can access Tesla's Model Y vehicles through the Tesla Robotaxi app. Tesla's robotaxi service is now available in seven U.S. cities: Austin, Houston, Dallas, Miami, Orlando, Tampa, and San Francisco. The expansion preceded Tesla's Q2 2026 earnings print, which was marked by an earnings miss and a revenue beat. More News from Barchart Mark Cuban Says His Black Amex Got Declined Buying a $140,000 Bottle of Champagne After Mavs Win in Miami 'Can I Please Spend Some Money?' Alphabet Is Getting 'Ambitious' With AI. Don't Get Ambitious With GOOGL Stock. Cathie Wood Just Poured $18 Million Into Meta Stock. Here's Why. Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Tesla's Action-Packed Q2 Report Before delving into the implications of its expanded robotaxi service, a look at Tesla's latest earnings report is certainly warranted. The Q2 report had a lot of things to unpack, and making sense of them all requires nuance. The earnings miss was significant, margins were down, and operating costs rose substantially. On the other hand, Tesla reported record revenue, expanded its robotaxi service, and began Cybercab production at Gigafactory Texas. Total revenue rose 26% year-over-year (YOY) to $28.2 billion, a beat of more than $2.5 billion. While core automotive revenue increased 23% YOY to $20.5 billion, the services and energy businesses saw growth rates of 50% and 13% to $4.6 billion and $3.1 billion, respectively. However, earnings declined 18% to $0.33 per share, well below the consensus estimate of $0.53 per share. Moreover, gross margins slid to 16.8% from 17.2% in the year-ago period. Operating expenses moved up to $4.3 billion from $2.9 billion in the prior year, although the biggest jump came from R&D expenses up 50% YOY hinting toward a possible payoff from these expenses in the future. Net cash from operating activities of $4.7 billion represented an 85% jump from the previous year. However, free cash flow turning negative at -$1.1 billion is concerning, considering CFO Vaibhav Taneja's confirmation of "more than $25 billion" in capital expenditures expected in 2026. Overall, Tesla closed the quarter with a cash balance of $43.5 billion (into which the company may have to dip), higher than its short-term debt of $1.4 billion. Story Continues Meanwhile, deliveries of 480,126 vehicles climbed 25% YOY, which was also higher than the consensus estimate of 406,000. Production also went up by 10% in the same period to 451,758 vehicles, while Full Self-Driving (FSD) subscriptions moved up by an impressive 56% YOY...
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