Tesla Inc. said it's moving forward with its robotaxi and affordable vehicle plans while reporting second-quarter earnings that fell short of Wall Street's estimates.
Adjusted earnings were 40 cents per share, just below the average analyst estimate. Revenue fell 12% to $22.5 billion, also lower than expectations and the sharpest decline in at least a decade. Gross margin, a measure of profitability, was higher than anticipated.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Tesla said many of its key initiatives remain on track “despite a sustained uncertain macroeconomic environment resulting from shifting tariffs, unclear impacts from changes to fiscal policy and political sentiment.”
The shares slipped less than 1% at 4:24 p.m. in extended trading in New York, erasing an earlier gain.
The stock's value has fallen 18% since the start of the year but has largely rebounded from lows in March and April. Some investors are looking past Tesla's uneven financial results and toward Chief Executive Officer Elon Musk's promises of a future built around artificial intelligence, humanoid robots and self-driving technology.
Tesla's brand has become increasingly polarizing following Musk's support of President Donald Trump. During his brief role helping the administration, Musk's attempts to slash government spending generated criticism from many of Tesla's traditionally left-leaning consumers, while some investors worried the project was a distraction. A number of analysts have adjusted their expectations downward in recent weeks.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.