The EV maker's net income fell 16%. Musk said Tesla owners will have the option to add their cars to a future fleet of robotaxi autonomous cars starting in 2026.

Tesla revenue slipped 12% year over year in the second quarter of 2025, the company's July 23 earnings release showed. The Elon Musk -helmed electric car manufacturer took in $22.5 billion in revenue, down from $25.50 billion in the second quarter of 2024. It is the company's largest revenue drop in over a decade, according to Reuters.

Banks kicked off Q2'25 earnings season last week. With results from big banks and 34 other S&P 500 constituents that reported last week, Q2 growth propelled to 5.6% from 4.8% the prior week.

Tesla (TSLA) reported a slight earnings and revenue miss in the second quarter but said its "more affordable" model was still slated for production in the second half of 2025. Tesla reported second quarter revenue of $22.

Tesla missed revenue and earnings expectations in Q2 2025 and reported another drop in vehicle deliveries — but one key area of its balance sheet remains rock solid, offering a quiet win amid the turbulence.

Tesla's slump deepens as autonomy momentum fades. Explore the impact of tariffs, earnings slowdown, and what it means for TSLA's $300-range volatility.

Tesla's earnings are due today with an investor call at 5:30 p.m. ET. Elon Musk's politics have rocked TSLA stock, with shares down 18% YTD.

Elon Musk’s approval rating has cratered following his break with President Donald Trump. His flirtation with launching a third political party — a not-so-veiled rebuke of Trump’s debt-busting tax cuts — hasn’t helped.