Tesla continues its financial downturn even after Elon Musk's White House exit

[BumRushDaShow]

Source: NBC News

July 23, 2025, 4:55 PM EDT / Updated July 23, 2025, 6:26 PM EDT


Tesla’s financial position is getting worse as the fallout continues from CEO Elon Musk’s politics.

The electric automaker reported Wednesday that both revenue and profits fell in the second quarter of the year compared with a year ago. It’s the second straight negative earnings report from the company, which has suffered damage to its brand and become a lightning rod for street demonstrations.

While Tesla is still the No. 1 seller of electric vehicles in the United States by a wide margin, the earnings report shows a deteriorating situation with no obvious quick fix for Musk, the world’s wealthiest person.

On a conference call with analysts, Musk laid out aggressive plans to try to expand Tesla’s nascent robotaxi service beyond its limited service area in Austin, Texas. He said he wants to make self-driving Tesla taxis available to half the U.S. population by the end of the year — an extremely ambitious goal that he acknowledged depends on both regulatory approvals and the service’s safety record.

Read more: https://www.nbcnews.com/tech/elon-musk/tesla-continues-financial-struggles-even-elon-musks-white-house-exit-rcna220470

[cstanleytech]

1. Messaging should be "Musk trying to cause people to lose their jobs" or something along those lines.

[Justice matters.]

14. F-ailed f-elon wants to replace waiters and cooks in restaurants with his robots...

For eff sake. Who's going to afford eating at restaurants when nobody has a job, replaced by his effin robots?

Geniu$$$ con artist!

[Bernardo de La Paz]

2. Tesla down nearly 6 pcent in pre-market trading. Tesla announced earnings Wednesday after market close. . . .nt

[pimpbot]

6. even still its over valued imho

I am not sure what is keeping the stock above 200 but everytime there is bad news it will drop but will rise back up.

Elon has jumped from scam to scam, now hes all aboard the taxi and robot train. Im sure after a few years of failing at those he will have something new, something AI and neuralink related?

[Irish_Dem]

3. Such a damn shame.

My heart breaks for the jackass.

[Javaman]

4. tesla's board knows what they need to do, but that would require them to grow a spine.nt

[travelingthrulife]

5. Exactly. Who knew corrupt capitalism required so many cowards.

[Ol Janx Spirit]

7. The goal of making "self-driving Tesla taxis available to half the U.S. population by the end of the year" seems...

...entirely dependent on being in big blue cities--the kind that really don't like Elon right now.

Printing a few hundred-thousand Swasticar stickers might be good business.

People tend to have a short memory unless you never let them forget....

[Bengus81]

10. I got to see one of those butt ugly trucks in a Lowe's parking lot last week.....

and take a close look at it. Holy fucking shit,people actually pay money for crap like that?? I've seen a couple going down the street but close up you can really,really see what a joke those things are.

I wouldn't be seen in one of those high school shop class disaster if someone gave me one.

My gawd...........

[ancianita]

22. Not only that, but all Teslas are four wheeled CCTV cameras located on all roofs and sides, in order to

send visual data and facial recognition data back to Musk's servers, which he trades on database markets. Sorry to give you bad news, but you were under more surveillance than was the the truck you examined.

[Gore1FL]

8. I don't see who Tesla get's saved.

TSLA is a meme stock based on Elon Musk. If they remove Elon Musk, they remove the only thing behind the inflated stock value. If they keep Musk, they will continue a long-term decline with him at the helm.

I don't think there is a way to remove the conflation of Musk and TSLA without killing TSLA.

[Hornedfrog2000]

20. Ding ding

Talk about panzi scheme

[ToxMarz]

9. I see this and it explains the apparent product placement advertising for "robotaxi's" on Moaning Joe this morning

It was an odd segue and I didn't get how or why the conversation took the turn.

[samsingh]

11. i think tesla is in alot of trouble

the government handouts are gone

and their brand is fascist

[Bengus81]

12. He might soon be the next Mike Pillow.

[llmart]

13. I hope it tanks along with him.

He got great pleasure out of firing hundreds of thousands of people who kept our government running, so he can fuck right off.

[IthinkThereforeIAM]

15. I just read of a government entiety buying a fleet of Lucid autos...

... too much information overload... do not recall the location, a local, not federal.

[Raftergirl]

16. The rest of the world is buying Chinese EV's and Eloon screwed himself with his buyers here by going all

in on MAGA. Those buyers are lost to Tesla forever.

[Deminpenn]

17. Musk alienated his own customers

most of whom are people who believe in good stewardship of the environment and all the other things that generally accompany that belief.

By attaching himself to Trump, Musk lost all those current and potential customers. MAGAts aren't buying Tesla's and never will.

[efhmc]

18. I live near Austin and go there often for shopping and many things but will no longer do that because I do not trust

those cars.

[maxsolomon]

19. Why does NBC think that Liberals would forget that Musk helped destroy the Fedrul Gubmint?

"Oh, he's out of the White House; I'll forget that ever happened".

Musk shot Tesla's branding in the foot.

[Bluejeans]

21. Musk and his brand are now toxic to many people

I own a hybrid car now and might consider a plug-in electric in a few years when the charging network is built out, but I will never buy anything connected to Musk, starting with Tesla.

He and his brand are toxic to me and to many other people, something I do not see changing in the future.

[Skittles]

23. NOTHING will wash all the stink off that brand

once you're associated with fascism it's downhill from there

[progressoid]

24. Look out Elon

That's Rivian in your rear view...

[ck4829]

25. Kick

[GemDigger]

26. If Elon wants the shit to stop, he needs to get out of politics

Global wide. He still has his nose in the business of other countries as well as ours. If he minded his own business instead of thinking he is a global genius, then his businesses will still suffer globally.