Strong growth in cryptocurrency stocks vs. Tesla's Robotaxi delays that caused its stock price to pl

On July 28, 2025, Cryptocurrency Stocks technology giants released financial reports one after another, and the market reaction was polarized: Cryptocurrency Stocks (MSFT) rose sharply due to the outstanding performance of cloud business, while Tesla (TSLA) suffered a heavy blow due to the delay of autonomous driving project.

1. Cryptocurrency Stocks (MSFT): Azure grew 21% and exceeded expectations, and the stock price rose 5% after the market

Core financial report data

Revenue: US$65.8 billion (expected US$64.2 billion), a year-on-year increase of 15%.

Net profit: US$21.8 billion (EPS US$2.92), higher than the expected US$2.78.

Business highlights:

Azure cloud service revenue increased by 21% (expected 18%), mainly driven by AI computing power demand.

Office 365 commercial version subscriptions increased by 12%, and the penetration rate of Copilot AI assistant reached 35%.

Gaming business (Xbox) revenue increased by 8%, boosted by the new console iteration and the new "Call of Duty" game.

Market reaction

The stock price rose 5% after the market, and the market value exceeded 3.2 trillion US dollars, consolidating its position as the world's highest-valued company.

Analysts expect that Cryptocurrency Stocks' leading advantage in the AI+cloud track will continue to expand, and Azure's growth rate may remain at 20%+ in 2025.

2. Tesla (TSLA): Robotaxi postponed to 2026, stock price plummeted 8.3%

Key dynamics

Robotaxi project postponed: The fully autonomous taxi (Robotaxi) originally scheduled to be launched at the end of 2025 was postponed to Q2 2026 due to regulatory testing that failed to meet standards.

Q2 financial report performance:

Revenue: US$28.9 billion (expected US$29.5 billion), a year-on-year increase of 9%, and the growth rate hit a new low in the past three years.

Delivery volume: 482,000 vehicles delivered worldwide (year-on-year +6%), lower than the expected 500,000 vehicles.

Profit margin: Automobile gross profit margin is 16.8% (18.5% in the same period last year), and price wars continue to squeeze profits.

Market reaction

The stock price fell 8.3% at the close, and the market value evaporated by about $60 billion, creating the largest single-day drop in 2025.

Investors are worried:

The commercialization process of FSD (full autonomous driving) has been hindered, and competitors Waymo and Cruise are accelerating their layout.

Competition in the Chinese market has intensified, and BYD and Xiaomi's car market share has continued to increase.

3. Dynamics of other technology giants

Meta (META): After the market, the financial report was released, advertising revenue increased by 18%, the loss of the metaverse business narrowed, and the stock price rose by 3% after the market.

Apple (AAPL): It will release its financial report tomorrow, focusing on the pre-sale data of the iPhone 16 series and the progress of its AI strategy.

Nvidia (NVDA): Driven by the demand for AI chips, the stock price hit a new high today ($1,250), and the market value is approaching $4 trillion.

4. Market impact analysis

The differentiation of technology stocks has intensified: AI and cloud computing leaders (Cryptocurrency Stocks, Nvidia) are sought after, while companies that rely on hardware/autonomous driving (Tesla) are under pressure.

Fund rotation trend: Some investors withdraw from Tesla and turn to AI computing power and data center related targets.

Long-term focus:

Can Cryptocurrency Stocks maintain Azure's growth momentum?

Can Tesla deliver on its Robotaxi promise in 2026?

The impact of the Fed's policy (likely to cut interest rates in September) on the valuation of technology stocks.

Investment advice:

Short-term: Pay attention to technology stocks such as Apple and Amazon that are about to release financial reports, and be wary of the risk of performance not meeting expectations.

Long-term: AI, cloud computing, and autonomous driving are still the core tracks, but companies with technical barriers and commercialization capabilities need to be selected.