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Last night, the three major U.S. stock indexes closed slightly lower.

The Dow Jones Industrial Average fell 57.35 points, or 0.14%; the Nasdaq fell 10.22 points, or 0.06%; and the S&P 500 fell 8.67 points, or 0.16%.

Big tech stocks were mixed.

Amazon rose more than 2%, Meta, Google, Apple and Microsoft rose slightly; Intel fell more than 1%, Nvidia and Netflix fell slightly.

Popular Chinese stocks fell across the board, with the Nasdaq China Golden Dragon Index falling 1.84%.

Xpeng Motors and iQiyi fell more than 6%, NIO fell more than 4%, Li Auto and Bilibili fell more than 3%, Vipshop, JD.com, Weibo, and Baidu fell more than 2%, Pinduoduo, Alibaba, and NetEase fell slightly, and Tencent Music rose more than 2%.

Tesla closed down 2.04% last night. After the market closed, it suddenly plummeted. As of press time, the decline was 7.96%.

On the news front, Tesla's performance fell short of expectations.

After the market closed, Tesla released its second-quarter earnings report, with revenue higher than expected but profit lower than expected, continuing the poor start of the year with slowing sales and large-scale layoffs.

The financial report shows that Tesla's second-quarter revenue was $25.5 billion, higher than the market expectation of $24.8 billion. However, Tesla's second-quarter operating profit was $1.605 billion, a year-on-year decrease of 33%; the net profit attributable to Tesla's common shareholders was $1.478 billion, a year-on-year drop of 45%.

By business, Tesla's automotive business revenue in the second quarter was US$19.878 billion, compared with US$21.268 billion in the same period last year, a year-on-year decrease of 7%.

Although Tesla's second-quarter delivery figures fell year-on-year, they were an improvement over the first three months of the year, with stronger sales partly due to price cuts.

But price cuts have dented Tesla's profit margins: Automotive gross margins were 14.6% in the second quarter, down from 16.4% in the first quarter.

Tesla's decline in second-quarter performance was also related to its large-scale layoffs.

Tesla has announced it will lay off more than 10% of its workforce in the face of slowing sales and increased competition.

Tesla said higher operating expenses driven by artificial intelligence projects and restructuring charges weighed on profits.

Previously, Tesla had expected to spend more than $350 million in the second quarter, mainly related to employee layoff costs.

In addition, Tesla has delayed the launch of Robotaxi.

Tesla did not disclose the specific launch time of Robotaxi, the driverless taxi that the market is most concerned about, in its financial report.

Later, Musk revealed in an earnings call that the planned release date of Robotaxi had been postponed from August to October.

"I requested a significant design change to the front of the Robotaxi, and the extra time gained by delaying the launch date will give the company a chance to show off some additional content," he said last week.

Editor: Chen Lixiang

Proofreading: Tang Haocheng