Story perspectives

Tesla, Alphabet Shares Plunge as Capex Fuels $767B Slide

7/24/2026

Summary

Story summary

Tesla Inc. shares fell about 13.5% on Thursday, July 23, 2026, marking one of its largest single-day drops.
Tesla Inc.’s Q2 capital expenditures rose to $5.8 billion, creating a $1.1 billion negative free cash flow, its first loss in over two years.
Alphabet Inc. shares fell 6.5% after raising annual capital expenditures to $195-$205 billion, turning free cash flow negative, while the Magnificent Seven lost about $767 billion as major indices dropped on July 23, 2026.

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Story summary

Tesla Inc. shares fell about 13.5% on Thursday, July 23, 2026, marking one of its largest single-day drops.
Tesla Inc.’s Q2 capital expenditures rose to $5.8 billion, creating a $1.1 billion negative free cash flow, its first loss in over two years.
Alphabet Inc. shares fell 6.5% after raising annual capital expenditures to $195-$205 billion, turning free cash flow negative, while the Magnificent Seven lost about $767 billion as major indices dropped on July 23, 2026.