Image missing.
Tesla’s earnings hit a new low, with largest revenue drop in years

Andrew J. Hawkins

created: July 23, 2025, 8:20 p.m. | updated: July 24, 2025, 12:48 p.m.

Tesla released its second quarter financial earnings today, offering the latest evidence of the damage Elon Musk’s political activities have done to his flagship company. Tesla said it earned $1.17 billion in net income on $22.5 billion in revenue. The company’s profits also slid dramatically, logging a 16 percent decrease in net income for the second quarter year over year. The company’s profits also slid dramatically, logging a 16 percent decrease in net income for the second quarter year over year. After that happens, Tesla’s sales are predicted to drop even more.

1 month ago: The Verge