Should You Buy Tesla Stock After Its Post-Earnings Dip?

Tesla's stock has plummeted over 31% year-to-date following disappointing Q2 earnings. While revenue grew 26% to $28.2 billion, net income declined 5% to $1.1 billion due to margin compression from increased competition. The company's free cash flow turned negative at -$1.1 billion, and capital expenditures more than doubled to $5.8 billion. With a $1.2 trillion market cap and valuation at 150x future earnings, analysts suggest the stock has further downside risk.