Tesla shares sink
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Tesla, Q2
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AI positivity drove Alphabet's shares to new heights, but Musk's "rough quarters" warning saw Tesla's share price slump
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.
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 posted second-quarter earnings that missed analysts' expectations as sales fell for the second straight quarter.
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.
Tesla's second-quarter results are on the docket for Wednesday afternoon, and these are the big numbers Wall Street will be watching for. On adjusted earnings per share, analysts tracked by FactSet expect 40 cents,
Analysts estimate that Tesla will report an earnings per share (EPS) of $0.37. Tesla bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
Tesla missed revenue and earnings expectations in Q2 2025 and reported another drop in vehicle deliveries — but one key area of its balance sheet remains rock solid, offering a quiet win amid the turbulence.