Tesla shares sink
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AI positivity drove Alphabet's shares to new heights, but Musk's "rough quarters" warning saw Tesla's share price slump
Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones. Companies had a lower bar to clear coming into the quarter,
Follow live news and analysis of the EV maker's quarterly results, which were released Wednesday after the market closed.
Electric vehicle giant Tesla Inc (NASDAQ:TSLA) reported second-quarter financial results after market close Wednesday.
Tesla is slated to post second-quarter earnings after the market closes on Wednesday, with analysts expecting the electric vehicle giant to report declining revenue and profits.
The gain might not impact the operating profit figure, though. In the first quarter, Tesla excluded Bitcoin swings from its non-GAAP results. GAAP is short for generally accepted accounting principles. Many, if not most, companies report both GAAP and adjusted numbers.
Vehicle deliveries were down 13% year-over-year to 384,112, with the Model 3 and Y seeing sales of 373,728 while other models saw sales of 10,394. The slump in sales saw Tesla report $16.7 billion in automotive revenue in the quarter, down 16% year-over-year.
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.