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.

Economists expect double-digit drops for the automaker’s top and bottom lines after a record decline for quarterly vehicle deliveries.

Tesla's (TSLA) reported second quarter earnings that missed estimates. Ross Gerber, Gerber Kawasaki Wealth & Investment Management CEO, joins Asking for a Trend to discuss the results, highlighting that the company's core business is in decline and that Tesla's sales won't improve without addressing CEO Elon Musk's public perception.

Tesla has reported its biggest decline in quarterly revenue in more than a decade as CEO Elon Musk’s political activity weighs on the electric carmaker brand’s reputation.

Tesla shares turned red not too long after ho-hum results were out. Second-quarter 2025 revenue of $22.50 billion was 17% lower than sales in the year-ago quarter. In its letter to shareholders, the E

Tesla, Inc. faces sharp Q2 2025 declines in revenue, deliveries & free cash flow. Click for my updated look at TSLA stock following the latest earnings release.

With the stock sporting a triple-digit price-to-earnings ratio (and that's on a forward-looking basis), the case for buying Tesla before its July earnings report just isn't there. Any new investor is betting big on the company's ability to deliver on its bold promises -- I'm not confident it can.

Revenue from regulatory credits, historically a key stream for Tesla, dwindled to $439 million in the second quarter. That's a 51% decline from the $890 million in the second quarter of 2024, and about 2% lower than the $447 million in the first quarter of this year.

Tesla's sales drop in California highlights ongoing struggles ahead of Q2 earnings call. Wall Street expects revenue of $22.79 billion.