Tesla's pension for underdelivering and underperforming continues as the company reported its biggest quarterly revenue decline in more than a decade. The fallout from Elon Musk's strife with US president Trump continues to bite at the company and not even its newly released Model Y SUV was enough to help revive demand conditions.This marks a second straight quarterly revenue drop for Tesla with its future now heavily riding on its robotaxi service and humanoid robots. It remains to be seen if either will be enough to stop this fall from grace for Musk.As for Alphabet/Google, the earnings results were impressive to say the least. Amid the soaring usage of AI, Google Cloud revenue continued to surge as it is now up 32% year-on-year. That is well above the expected 26.5% figure with a reported 28% increase in quarterly customer count as well.As a whole, the company beat estimates on both revenue and profit while also seen aggressively spending to keep up in the AI space. Alphabet raised its full-year capital expenditure estimate by $10 billion to $85 billion and said it is likely to rise further going into 2026 as the company scales up its AI and data center infrastructure.That's not a bad thing though. As mentioned yesterday, the current landscape dictates that any firm wanting to compete in the AI space has to spend or risk getting left behind. And amid better profit numbers, Alphabet's announcement to increase capex can be seen as a positive in that sense.Putting everything together, US futures are taking things in stride in the new day. S&P 500 futures are up 0.1% while Nasdaq futures are up 0.3%. Tech shares are leading the charge with Alphabet shares turning around after an initial drop on the earnings release. Tesla shares look to continue to struggle and may be hit more later in Wall Street trading.Dow futures are lagging though, seen down 0.3%, as investors are turning most of their attention to tech shares for now and going into next week.Microsoft, Meta, Apple, and Amazon are all going to be releasing their respective earnings in another big week for tech stocks.Head on over to investingLive (formerly ForexLive) to get in on the know! This article was written by Justin Low at investinglive.com.