Tesla Posts Sharpest Revenue Slump In Over 10 Years After Historic Sales Drop

From what the evidence shows, Tesla Posts Sharpest Revenue Slump In Over 10 Years After Historic Sales DropByTy Roush, Forbes Staff andAntonio Pequeño IV, Forbes Staff

In contrast, Jul 23, 2025, 04:58pm EDTJul 23, 2025, 05:16pm EDTToplineTesla reported drops in revenue and fit Wednesday, as it d second quarter earnings ing a historic decline in quarterly deries in the wake of Elon Musk’s alliance with Trump and their headline-grabbing fallout

Economists expect double-digit drops for the automaker’s top and bottom lines after a record decline

At the same time, More for quarterly vehicle deries (noteworthy indeed)

NurPhoto via Getty ImagesKey FactsTesla reported a 12% drop in quarterly revenue at $22

Nevertheless, 5 billion, which topped FactSet expectations by $22 million but marked the company’s worst revenue decline in over a decade, according to Reuters

S of the automaker are up a fraction of a percent ing the publication of its earnings, barely maintaining a streak of gains that began on July 7

Crucial QuoteWedbush Securities analyst Dan Ives wrote Tuesday the “set-up” to Tesla earnings is a “dramatically different one than three months ago, amid market uncertainty. ” He predicted Tesla’s AI initiatives would be “front and center for investors” on Tesla’s earnings call as analysts would be “listening carefully” the company’s possible investment into Musk’s xAI

Furthermore, When Is Tesla’s Earnings Call

Tesla will its earnings call at 5:30 p

Furthermore, Additionally, EDT on its investor relations website

Nevertheless, New car registrations for the company fell through the first five months of the year in Europe, China and California

Musk’s separation from President Donald Trump and subsequent fallout, which exploded into a sharp back-and-forth on social media, continued in recent weeks as he criticized Trump’s spending bill, given the current landscape

Analysts have expressed some optimism for Tesla, however, after the company rolled out a limited launch of its anticipated robotaxi driverless vehicle service in Austin, Texas, in June

Meanwhile, What To Watch ForTesla and Alphabet (Google’s parent company) are the first of the “Magnificent Seven” stocks to issue Q2 reports

They precede reports from Meta and Microsoft on July 30, and from Amazon and Apple on July 31, considering recent developments

Nvidia will be the last to release its quarterly report on Aug

Furthermore, 5% by the remaining 493 companies under the index, according to FactSet

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