Tesla Stock Crashed Today. Why Elon Musk Thinks It's Time to Buy.
Key Takeaways
Tesla CEO Elon Musk just gave investors a bold prediction for a potentially massive imminent revenue boost.
Article Overview
Quick insights and key information
2 min read
Estimated completion
investment
Article classification
July 24, 2025
01:31 PM
The Motley Fool
Original publisher
What the data shows is What caught my attention is Investors knew electric vehicle (EV) sales have been slumping for Tesla (TSLA 2
Conversely, The EV leader announced a 13. 5% year-over-year drop in second-quarter deries on July 2
On the other hand, On the other hand, Yet the stock is tanking today after Tesla reported its full second-quarter financial today
S dropped as much as 10% before paring some of that loss (noteworthy indeed)
As of midday trading, Tesla stock was still down by 9% after what was considered a disappointing report
Tesla bulls still might have a reason to buy the dip, however
Furthermore, The robotaxi rollout is on track While investors already knew deries were down 13 (an important development), in today's market environment. 5%, there was further disappointment in seeing automotive revenue decline by 16% versus the year-ago period (an important development)
That shows increasing pressure on vehicle pricing, given the current landscape
Gross fit margin declined year over year as a result
Additionally, In contrast, That wasn't the end of the bad news, either
Free cash flow was just $100 million in the second quarter, considering recent developments
Even its previously fast-growing energy generation and storage reported a 7. 5% revenue drop versus last year
CEO Elon Musk focused on the future in the earnings conference call, and Tesla bulls bably d what he said
Musk stated: "I think we will bably have autonomous ride-hailing in bably half the population of the US by the end of the year
At the same time, That's at least our goal, subject to regulatory apvals
I think we will nically be able to do it
Nevertheless, " Pump the brakes on Tesla Tesla's robotaxi is what Tesla bulls are counting on
At the same time, Some analysts think autonomous ride-hailing services could become a trillion-dollar
While there could be much competition for that market, Tesla could become a major player, with voluminous amounts of data from its EVs already on the road
Elon Musk has made bold predictions that haven't always materialized, in this volatile climate
Meanwhile, Risk-tolerant investors might want to buy today's dip with a per allocation based on that potential robotaxi market
But it shouldn't come as a surprise if the predicted rollout of Tesla robotaxis isn't as big or as fast as Musk predicted yesterday.
Related Articles
More insights from FinancialBooklet