US EditionMusk expects ‘rough quarters’ for Tesla
UNITED STATES, JUL 24 – Tesla reported a 16% profit decline and expects challenges after the $7,500 federal EV tax credit ends, amid rising competition and political controversies, Elon Musk said.
- On Wednesday, Tesla reported another drop in quarterly profits and warned elimination of federal tax credits could lead to 'rough' quarters.
- Competition has intensified in Europe and China, and Morgan Stanley analysts said Musk's political activity "may add further near-term pressure" to shares.
- Tesla shares fell 4.1 percent in after-hours trading after revenue declined 12 percent to $22.5 billion and profits dropped 16 percent to $1.2 billion.
- Shares fell Thursday as CEO Elon Musk cautioned about rough quarters, and JPMorgan Chase analysts called the stock "completely divorced from increasingly deteriorating fundamentals."
- By the second half of 2026, Musk said autonomy at scale would make Tesla economics very compelling, positioning long-term technological horizons.
21 Articles
21 Articles
Tesla is ready with a perfect counter to the end of US EV tax credits
The United States’ electric vehicle tax credit is coming to an end at the end of the third quarter. Tesla, the country’s leading electric vehicle maker, is ready to meet this challenge with a rather simple but clever counter. Tesla executives outlined this strategy in the recently held Q2 2025 earnings call. End of the US EV tax credit While Elon Musk has always maintained that he prefers a market with no EV tax credit, he also emphasized that …
Tesla’s shares plummeted on Thursday after CEO Elon Musk said the company could face “some difficult quarters” while making the transition to a future focused less on selling cars and more on offering people travel in autonomous vehicles. On Wednesday night, the electric vehicle manufacturer announced another quarter of mediocre financial results, with a 12% drop in revenue and a 16% drop in profits. Many potential buyers have been discouraged b…
Tesla likely faces 'a few rough quarters' from end of US EV support, Musk says
Musk's electric vehicle maker posted the worst quarterly sales decline in more than a decade and profit that missed Wall Street targets, but its profit margin on making cars was better than many feared.
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