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Tesla, Inc. reported a decline in operating cash flows to $2.5 billion in Q2 2025, down from $3.6 billion in Q2 2024. Free cash flow also fell to $146 million compared to $1.34 billion a year earlier. Despite increasing capital expenditure, totaling $2.4 billion in Q2 2025, automotive revenues decreased by nearly 16% year-over-year. The decline is attributed to lower EV demand and the end of U.S. tax credits.
Ford Motor Company reported net cash operating activities of $6.3 billion in Q2 2025, an increase from $5.5 billion in the same period last year. Adjusted free cash flow totaled $2.8 billion compared to $3.2 billion in Q2 2024. Meanwhile, General Motors Company reported automotive operating cash flow of $4.6 billion in Q2 2025, down from $7.7 billionin Q2 2024, with adjusted free cash flow of $2.8 billion, also down from $5.3 billion year-over-year. GM expects to generate between $7.5 billion and $10 billion in adjusted automotive free cash flow for the full year of 2025.
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