Tesla and Amazon reported Q2 2026 results that exposed divergent AI strategies. Tesla posted revenue of $28.24 billion, up 25.52% YoY, with non-GAAP EPS of $0.33 missing expectations of $0.5367, operating margin falling to 1.4%, and free cash flow flipping to -$1.09 billion as capex jumped 141.81%. Deliveries hit a record 480,126 units, Services and Other grew 50%, and active FSD subscriptions climbed to 1.48 million. Tesla funds autonomy and humanoid robotics from a single hardware P&L, with Optimus lines installed at Fremont, Cybercab production at Gigafactory Texas, and robotaxi service in seven U.S. metros. Amazon printed revenue of $200.606 billion with operating income of $27.461 billion, up 43.24% YoY. AWS delivered $42.232 billion with a 39.4% operating margin, growing 36.7% year-over-year in Q2, with AI and Chips businesses each eclipsing run rates of more than $25 billion. CEO Andy Jassy said AWS is growing at its fastest pace in 18 quarters. The reported $5.75 EPS was flattered by a $53.40 billion non-operating gain tied to Anthropic. Amazon spread the load across Online Stores at $70.432 billion, Third-Party Seller Services at