Tesla and Alphabet shares fell sharply after their latest quarterly results, as investors looked past strong revenue growth and focused on weaker margins, missed profit estimates and rising artificial intelligence spending. Tesla shares dropped 14% after the electric vehicle maker reported second-quarter adjusted earnings of 33 cents per share, down 17.5% from a year earlier….

Wall ​Street indexes closed lower on Thursday with Nasdaq sinking more than 2% as the latest earnings updates from large technology companies revived concerns about heavy AI spending, while soaring oil prices amped up inflation worries, lifting bond yields. Losses were broad-based after investors were unimpressed by second-quarter results from Alphabet and Tesla , the…

The deep plunge in Tesla Inc.’s stock on Thursday is turning into a major payday for its short sellers. Shares of Elon Musk’s electric-vehicle maker fell as much as 15% Thursday, their worst intraday drop in more than a year, after second-quarter profit missed expectations and reignited concerns about the company’s artificial intelligence and robotics…