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Tesla Reports 42% YoY Drop in Operating Income

SANTA CLARA COUNTY, CALIFORNIA, JUL 24 – Tesla’s Q2 revenue fell 9.2% and net income dropped 70.6% as competition and loss of EV tax credits challenge its shift toward AI and robotics, analysts say.

The automaker’s Q2 sales fell 13.4% from a year ago as it faces growing competition in the global EV market.

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Clean Technica broke the news in on Thursday, July 24, 2025.
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