Elon Musk's Empire Is Creaking Under the Strain of Elon Musk
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Yahoo
30 minutes ago
- Yahoo
Tesla: Weak Quarter, Focus on the Future
Key Points Tesla's quarterly results were down year over year but still came in at or just above Wall Street expectations. The company saw momentum slow in key product areas in Q2 but is rapidly expanding its addressable market by adding robotics and AI. Tesla said its new, more-affordable vehicle remains on track to go into production before the year's end and said the Semi and Cybercab are coming in 2026. These 10 stocks could mint the next wave of millionaires › Here's our initial take on Tesla's (NASDAQ: TSLA) fiscal 2025 second-quarter financial report. Key Metrics Metric Q2 2024 Q2 2025 Change vs. Expectations Revenue $25.5 billion $22.5 billion -12% Beat Adjusted EPS $0.52 $0.40 -23% Met Energy generation and storage revenue $3.0 billion $2.8 billion -7% n/a Gross margin 18% 17.2% 80 bp n/a Tesla Looks Toward the Next Big Thing Tesla's quarter came in largely as expected, with revenue and earnings per share down 12% and 23%, respectively, and coming in at or just above analyst expectations. The company attributed the revenue decline to a decrease in deliveries and lower regulatory credit revenue, coupled with a reduction in average selling price. Energy generation and storage revenue also fell due to lower pricing. But the company remains upbeat about its future. Tesla is still primarily an automaker, generating 74% of revenue this quarter from automotive sales. But the focus this quarter was on what is to come, with the company, in its release, calling the just-finished second quarter "a seminal point" in Tesla's history. "The beginning of our transition from leading the electric vehicle and renewable energy industries to also becoming a leader in AI, robotics, and related services," the report noted. The company said it remains on track to expand its vehicle offering, including ramped-up production volumes for a new more affordable model planned for the second half of this year. The company also expects to start volume production of the Semi model and its autonomous Cybercab -- a specially designed vehicle for autonomous rideshare -- in 2026. Immediate Market Reaction Investors came into Tesla earnings with low expectations, with the stock down 17% year to date. So perhaps it is no surprise that the initial reaction was a muted one, with Tesla shares down 1.5% in after-market trading on Wednesday following the release but ahead of the postearnings call. What to Watch Tesla has always been valued more on what is to come than on the present results. But rarely in recent history has there been so little momentum in the core business, and with tax law changes coming, the automotive regulatory credits that have been a key driver of profitability are soon to disappear. With that in mind, expect investors to pay particular attention to CEO Elon Musk's vision for what is to come, and specifics about the timeline for when new products will actually be available for purchase. The initial Robotaxi service launch in Austin, Texas, using standard Tesla models is progressing, and investors will be keen to hear details about future plans. If all goes to plan, a rollout of a new, more affordable vehicle model could spur revenue growth in the quarters to come, and the company's continued advancements in robotics, autonomous driving, and energy should create new pillars for growth. Helpful Resources Full earnings report Investor relations page Additional coverage Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $433,181!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $40,702!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $641,800!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of July 21, 2025 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Tesla: Weak Quarter, Focus on the Future was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
32 minutes ago
- Yahoo
Ukraine says Starlink's global outage hit its military communications
By Max Hunder KYIV (Reuters) -Starlink systems used by Ukrainian military units were down for two and a half hours overnight, a senior commander said, part of a global issue that disrupted the satellite internet provider. Ukraine's forces are heavily reliant on thousands of SpaceX's Starlink terminals for battlefield communications and some drone operations, as they have proved resistant to espionage and signal jamming throughout the three and a half years of fighting Russia's invasion. Starlink experienced one of its biggest international outages on Thursday when an internal software failure knocked tens of thousands of users offline. "Starlink is down across the entire front," Robert Brovdi, the commander of Ukraine's drone forces, wrote on Telegram at 10:41 p.m. (1941 GMT) on Thursday. He updated his post later to say that by about 1:05 a.m. on Friday the issue had been resolved. He said the incident had highlighted the risk of reliance on the systems, and called for communication and connectivity methods to be diversified. "Combat missions were performed without a (video) feed, battlefield reconnaissance was done with strike (drones)," Brovdi wrote. Oleksandr Dmitriev, the founder of OCHI, a Ukrainian system that centralises feeds from thousands of drone crews across the frontline, told Reuters the outage showed that relying on cloud services to command units and relay battlefield drone reconnaissance was a "huge risk". "If connection to the internet is lost ... the ability to conduct combat operations is practically gone," he said, calling for a move towards local communication systems that are not reliant on the internet. Although Starlink does not operate in Russia, Ukrainian officials have said that Moscow's troops are also widely using the systems on the frontlines in Ukraine.
Wall Street Journal
34 minutes ago
- Wall Street Journal
Podcast: S&P 500 Hit a New Record Thursday
The S&P 500 hit an all-time high, as investors weighed signs of trade-talk progress against weaker-than-expected housing data and a mixed bag of earnings. Some large stocks dragged on the Dow industrials, including UnitedHealth. The health conglomerate confirmed it was being investigated by the Justice Department. Plus, Tesla shares slid after the EV maker said car sales fell for another quarter. 🎧 Listen to the Minute Briefing podcast, or read more below:
