Tesla shares plummet
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Tesla shares are down in premarket trading Thursday as more disappointing sales data is dragging on the stock along with the lackluster second-quarter earnings report Tesla released after the closing bell on Wednesday.
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Barchart on MSNAuto Revenue Keeps Plunging at Tesla. Should You Buy the TSLA Stock Dip or Run Far Away?Tesla (TSLA) shares are down nearly 9% on Thursday after the EV manufacturer reported its second straight quarter of revenue decline. The automaker continued to lose share to lower-priced electric vehicles from rivals,
The company reported the steepest decline in quarterly revenue in more than a decade, with a 12% fall, as it battles strong competition from cheaper electric vehicles and a backlash against CEO Elon Musk’s political views.
Tesla stock falls more than 6% pre-market after Q2 earnings call. Sales decline, EV incentives end, and new Model Y trim disappoints.
Declining vehicle deliveries and political headwinds have pressured the company's valuation. The company's share price fell 21.3% across the first six months of 2025, according to data from S&P Global Market Intelligence.
Tesla's chief financial officer, Vaibhav Taneja, said that President Donald Trump's tax bill could affect the availability of its cars.
Automotive sales fell 16% year-over-year to $16.7 billion U.S. during Q2 of this year. Of that amount, revenue from automotive regulatory credits fell to $439 million U.S. from $890 million U.S. a year earlier.
On July 2, Tesla published its delivery numbers for the second quarter of 2025 (ended June 30), and they dropped yet again from a year ago. The company will report its financial results for the same period on July 23, which will show investors how its revenue and earnings were impacted by the sluggish EV business.
Earnings are expected to be around $0.44 per share, according to consensus estimates, reflecting a 15% drop compared to the previous year, while revenues are anticipated
Tesla (TSLA) posted second-quarter earnings that missed analysts' expectations. The electric vehicle maker reported adjusted earnings per share of $0.40 on revenue that fell 12% year-over-year to $22.