Tesla, Q2 earnings
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Tesla reported slightly better-than-expected second-quarter earnings per share on Wednesday evening. The stock was rising. The EV maker announced second-quarter adjusted earnings per share of 40 cents from sales of $22.
Tesla stock came under pressure Thursday after it posted an earnings and revenue miss in the second quarter and CEO Elon Musk hinted at a "few rough quarters" amid mounting challenges for the automaker.
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.
Follow live news and analysis of the EV maker's quarterly results, which were released Wednesday after the market closed.
Tesla's share price closed Thursday's session following the announcement of its June quarter results 8.20% lower at $305.30. Following the sharp selloff yesterday, Tesla's market capitalisation also declined $984.
Elon Musk warned that Tesla could face "a few rough quarters," as it weathers shifting tariffs and the end of EV tax credits in the US.
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.
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Tesla posted second-quarter earnings that missed analysts' expectations as sales fell for the second straight quarter.
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 (TSLA) will release its Q2 2025 financial results on Wednesday, July 31, after the market closes. As usual,
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