Tesla shares fall 8% in premarket trading after weaker-than-expected earnings

Tesla shares fell more than 8% in pre-market trade in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations, as its auto business continued to face pressure.

Bulls and bears have been in a grapple over the stock, with some believing the company's core car business is under pressure, while others held hope about a future Musk has promised around autonomous driving.shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business.

Robotaxis were a huge focus on the earnings call. Musk envisions a world in which owners can authorize their Tesla vehicle to be used as part of an Uber-style ride-hailing service — and where the cars would drive autonomously.

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