Tesla's Revenues Plummet Amid Musk-Trump Conflict
Tesla has released its financial report for the second quarter of 2025, showing that the company's revenue fell by 12%, while profit dropped by 16%.
According to the report, in the second quarter, Tesla's revenue amounted to $22.5 billion, which is 12% less than the same period last year. Net profit decreased by 16% to $1.17 billion, while operating profit plummeted by 42%, totaling less than $1 billion.
The worst dynamics were shown in the key automotive segment, where sales fell by 16.6%. The company delivered 384,122 vehicles to customers, which is 14% less than the previous year. The situation was partially salvaged by $439 million received from the sale of regulatory credits; however, this source of income is likely to disappear soon due to the new policies of the Trump administration.
Against the backdrop of these news and Elon Musk's comments about "a few tough quarters" ahead, Tesla's shares fell by more than 4% in after-hours trading.