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Tesla reports sales miss as auto revenue drops for second straight quarter

UNITED STATES, JUL 24 – Tesla's revenue fell 12% to $22.5 billion as federal EV tax credits ended and tariffs increased, while CEO Elon Musk aims to expand robotaxi services to half the U.S. population by year-end.

  • After market close on Wednesday, Tesla reported a 12% revenue decline and a 16% profit slump, prompting Elon Musk to warn `weird transition period`.
  • Amid growing competition, Tesla faces support cuts, and the end of US federal tax credit for electric cars, as Vaibhav Taneja said.
  • US tariff policy cost Tesla $300 million, Tesla said, while shares have fallen roughly 30%.
  • James Fishback, Tesla investor, wrote to the board questioning if Musk's ambitions are `compatible` with his CEO duties, and the Tesla board head denied any search for Musk's replacement, causing investor unrest.
  • Elon Musk said Tesla plans cheaper models and EU self-driving approval, with robotaxi rollout in Austin; `Autonomy is the story`.
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307 Articles

Los Angeles TimesLos Angeles Times
Lean Left

Tesla stock dips as second-quarter earnings reduce investor confidence

Tesla shares took a hit Thursday after the company reported a 16% decline in automotive sales and a 12% decline in total revenue for the second quarter compared with one year ago.

·Los Angeles, United States
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NDTVNDTV
Lean Right

Tough Road For Tesla As It Hopes Robotaxis Will Offset Declining Electric Vehicle Sales

Tesla and its CEO Elon Musk are walking an increasingly difficult tightrope as the company navigates declining electric vehicle sales and an autonomous driving business that has yet to get off the ground.

·New Delhi, India
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LatestlyLatestly
Right

Donald Trump Offers Support to Elon Musk’s EV Company in Surprising Post As Tesla Stock Plunges

US President Donald Trump's post wasn't enough to help Tesla's stock, which fell sharply after the company reported another quarter of lackluster financial results and Elon Musk warned of some potentially “rough quarters” into next year. At midday, the stock was down around 9%. Donald Trump Offers Support to Elon Musk’s EV Company in Surprising Post As Tesla Stock Plunges.

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The Globe & MailThe Globe & Mail
Center

Trump offers support to Tesla in surprising post after results send stock lower

Social media post wasn’t enough to help EV maker’s stock as Musk warned of potentially ‘rough quarters’ ahead

·Canada
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Australian Financial ReviewAustralian Financial Review
Lean Right

Tesla shares plunge, Trump says he wants Musk’s companies to ‘thrive’

The president said it’s not true that he wants to destroy Musk’s companies. Shares in the electric car market tumbled more than 11 per cent.

·Sydney, Australia
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Inc.Inc.
Center

Tesla Faces Difficult Road Ahead as it Hopes Robotaxis Will Offset Declining Sales

Tesla is operating only a small fleet of robotaxis in Austin, Texas, and it is not available to the general public.

Read Full Article
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Barchart.com broke the news in on Tuesday, July 22, 2025.
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