Tesla's second-quarter deliveries dropped 13.5% to 384,122, which investors perceived as the bottom, resulting in a 5% rise in Tesla's share price. Musk's net worth increased by $10 billion due to this rise, yet it has fallen by 71% in 2025. Musk promotes Tesla as a robotics and AI company, showcasing self-driving features in Austin. However, Tesla faces significant competition in Europe and China, alongside double-digit sales declines from Musk's political affiliations affecting perception and sales.
Tesla's second-quarter deliveries fell 13.5% to 384,122, prompting a belief among investors that this was the bottom, leading to a 5% increase in share price.
Despite a 22% decline in Tesla's shares for the year, the rise in stock price lifted Elon Musk's net worth by $10 billion, now down 71% for 2025.
Musk claims Tesla is shifting towards becoming a robotics and artificial intelligence company, with new self-driving features being tested in Austin, Texas.
Musk's political alliances and criticism of European leaders have negatively impacted Tesla's sales, especially with double-digit percentage drops reported across Europe.
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