Tesla CEO Elon Musk on Wednesday warned of a “few rough quarters” ahead for the company on the heels of reporting a year-on-year decline in second-quarter (Q2) revenue and earnings.

General Motors says it lost more than $1 billion in the second quarter because of U.S. tariffs. Stellantis lost more than double that in the first half of the year and blamed a sizeable chunk of that on tariffs, as well.

Tesla reported Q2 2025 revenue of $22.5-billion and adjusted EPS of $0.40, roughly in line with consensus but slightly below Roth’s estimates of $23.6-billion and $0.41. Non-GAAP auto gross margins came in strong at 15.

Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.

ET with analyst reactions Shares of Tesla (NASDAQ:TSLA) are straddling the flatline in postmarket trading as the company’s second quarter results were not as bad as Wall Street expected and avoided a second consecutive top- and bottom-line miss with profits in-line with expectations.

Tesla’s Q2 sales decline is its worst this decade, but there is one bright spot. The company's energy storage business is quietly booming.

Tesla Inc. (TSLA) reported a transformative Q2 2025, highlighted by the official launch of its Robotaxi service in Austin and expanding efforts in AI and robotics, even as core automotive revenues declined. The quarter signaled a strategic pivot from Tesla’s EV roots toward a broader vision in autonomy, software, and energy services.

Tesla, Inc.'s Q2 results disappoint with a sales drop, but Model Y sales in China and EV leadership signal potential to rebound. Click for my TSLA earnings update.