US Edition
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.
- Tesla reported second-quarter revenue of $22.5 billion, down about 12% year-over-year, marking its sharpest decline in more than a decade.
- The revenue drop resulted from declining vehicle deliveries, lower regulatory credit income, reduced car selling prices, and a slump in energy revenue.
- Tesla delivered over 384,000 vehicles this quarter, down over 13% from a year earlier, while operating income fell to $923 million, missing estimates.
- CEO Elon Musk stated, "Autonomy is the story" and emphasized its value amplification, while analyst Dan Ives urged the board to impose guardrails.
- Tesla faces challenges from rising competition, shrinking profits, and expiring US EV tax credits but continues developing affordable vehicles and self-driving software in Europe.
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Total News Sources309
Leaning Left57Leaning Right35Center88Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 32%
C 49%
R 19%
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