Tesla’s Q2 Earnings Fall Short as Revenue Dips 12% Year-Over-Year
Tesla unveiled its second-quarter results on Wednesday, revealing a 12% year-over-year decline in revenue to $22.5 billion. This fell slightly short of Wall Street’s anticipated $22.7 billion. The electric vehicle giant reported a net income of $1.17 billion, marking a 16% drop from the same period last year, and an operating margin of a mere 4.1%.
In Q2, the company delivered 384,122 vehicles, a 13% decrease compared to the previous year. This comes as Tesla grapples with heightened competition and customer dissatisfaction linked to CEO Elon Musk’s political engagements. Consequently, Tesla’s stock has plummeted 18% year-to-date, making it the most underperforming among tech megacaps.
Despite the disappointing results, Tesla provided a ray of hope by announcing the commencement of the “first builds of a more affordable model in June, with volume production set for the second half of 2025.” The company also underscored the advancements in its Supercharging network, which witnessed a 17% year-over-year surge in gross profit with over 2,900 new charging stalls added.
Source: https://teslanorth.com/2025/07/23/tesla-q2-2025-earnings/