Tesla, Q2 revenue
Digest more
Tesla Profit Plunges in Latest Quarter
Digest more
Wedbush’s Dan Ives and Odyssey Capital’s Jason Snipe join 'Closing Bell' to discuss the latest news affecting markets.
5hon MSN
Tesla said on Wednesday it has built initial versions of an affordable car, a move likely meant to stem the steep decline in sales the company has experienced in markets across the world.
Analysts estimate that the company earned $1.2 billion from April to June, according to Bloomberg, down from $1.4 billion a year ago. Sales are expected to have fallen to $22.6 billion from $25.5 billion in the second quarter of 2024. Tesla has not reported an increase in quarterly profit since the third quarter of 2024.
Reporting a 12% drop, Tesla is battling strong competition from cheaper EVs and a backlash against CEO Elon Musk's political views.
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 battery business has been feeling the pain, too. For a while, this was a growth area for the company, albeit one with a relatively minor contribution to the bottom line. During Q2 2025, Tesla’s energy generation and storage division brought in $2.8 billion in revenue, a 7 percent decline from the same period in 2024.
Two Business Insider reporters visited Hollywood's new Tesla Diner within 24 hours of its grand opening. It was unusual, but exceeded expectations.