Tesla reported a net income of $1.17 billion with revenues of $22.5 billion in Q2, a 12% decrease year over year. Automotive revenue dropped by 16.6%, from $19.9 billion in Q2 2024 to $16.6 billion. The company delivered 384,122 vehicles, a 14% decline compared to the previous year. Regulatory credits temporarily supported finances, but these are expected to diminish due to new legislative changes. Musk's distractions from political engagements have contributed to a downturn in the company's performance, leaving investors concerned about its future.
Tesla's second quarter earnings show a net income of $1.17 billion on revenue of $22.5 billion, reflecting a 12% decrease in revenue year over year.
Automotive revenue declined 16.6% year over year, falling from $19.9 billion in Q2 2024 to $16.6 billion. Deliveries also dropped by 14% in the same period.
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