- Tesla reported Q2 2025 revenue of $22.5 billion, down 12% year-over-year
- Q2 net profit was $1.17 billion, down 16% year-over-year
- Q2 vehicle deliveries fell 13% year-over-year to 384,122 units
- CEO Elon Musk warned of "difficult quarters ahead" due to EV tax credit changes and tariff impacts
- Tesla stock dropped 8.9% following the earnings release, wiping out about $95.7 billion in market value
- Musk is trying to shift focus to Tesla's future plans in autonomous driving and robotaxis
- The company aims to have robotaxi services available to half of the US population by year-end, pending regulatory approvals
- Tesla plans to start mass production of a more affordable vehicle model in late 2025