Latest news with #TeslaQ2
Yahoo
23-07-2025
- Automotive
- Yahoo
Tesla profits pulled down by falling EV sales and regulatory credits
Falling EV sales combined with a lower average selling price, less revenue from regulatory credits, and a decline in solar and energy storage revenue took a toll on Tesla's bottom line during the second quarter of 2025. And a 17% growth in revenue in its services business, which includes cash generated from its Supercharging network, wasn't enough to close the gap. The company reported Wednesday revenue of $22.5 billion, a 12% decline from the same period last year. The company's second quarter revenue results did show an improvement over the first quarter when it generated $19.3 billion in revenue and it was just barely above analysts expectations. Analysts polled by Yahoo Finance expected revenue in the second quarter to reach $22.13 billion. Net income, and more specifically operating income, is where the year-over-year gap grows larger. Tesla reported net income of $1.17 billion in the second quarter, a 16% drop from the $1.4 billion in net income in the same period last year. Tesla reported $409 million in net income during the first quarter of the year. Tesla's operating income fell 42% year-over-year to $923 million. Tesla's earnings are largely a reflection of falling sales — although fewer regulatory credits also played a role. The company brought in $439 million in regulatory credits in the second quarter, a 50% drop since the same period last year. Earlier this month, Tesla said it delivered 384,122 vehicles in the second quarter of this year, a 13.5% drop from the same period in 2024. Second-quarter sales were an improvement over the first quarter, however, when the company delivered 337,000 vehicles. Meanwhile, Tesla is facing regulatory and legal pressures that could further undermine its effort to reboot sales. The California Department of Motor Vehicles is arguing in a hearing that kicked off Monday that Tesla should lose its license to sell vehicles in the state over false advertising claims on its branded Autopilot and Full Self-Driving advanced driver assistance systems. Meanwhile, a civil lawsuit is playing out in a Florida courtroom over a fatal 2019 crash in which a Tesla driver using Autopilot plowed through an intersection and struck two people. The case, which will allow a jury to consider punitive damages, centers on how Autopilot is advertised to its customers. 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
TechCrunch
23-07-2025
- Automotive
- TechCrunch
Tesla profits pulled down by falling EV sales and regulatory credits
Falling EV sales combined with a lower average selling price, less revenue from regulatory credits, and a decline in solar and energy storage revenue took a toll on Tesla's bottom line during the second quarter of 2025. And a 17% growth in revenue in its services business, which includes revenue from its Supercharging network, wasn't enough to close the gap. The company reported Wednesday revenue of $22.5 billion, a 12% decline from the same period last year. The company's second quarter revenue results did show an improvement over the first quarter when it generated $19.3 billion in revenue and it was just barely above analysts expectations. Analysts polled by Yahoo Finance expected revenue in the second quarter to reach $22.13 billion. Net income, and more specifically operating income, is where the year-over-year gap grows larger. Tesla reported net income of $1.17 billion in the second quarter, a 16% drop from the $1.4 billion in net income in the same period last year. Tesla reported $409 million in net income during the first quarter of the year. Tesla's operating income fell 42% year-over-year to $923 million. Tesla's earnings are largely a reflection of falling sales — although fewer regulatory credits also played a role. The company brought in $439 million in regulatory credits in the second quarter, a 50% drop since the same period last year. Earlier this month, Tesla said it delivered 384,122 vehicles in the second quarter of this year, a 13.5% drop from the same period in 2024. Second-quarter sales were an improvement over the first quarter, however, when the company delivered 337,000 vehicles. Meanwhile, Tesla is facing regulatory and legal pressures that could further undermine its effort to reboot sales. The California Department of Motor Vehicles is arguing in a hearing that kicked off Monday that Tesla should lose its license to sell vehicles in the state over false advertising claims on its branded Autopilot and Full Self-Driving advanced driver assistance systems. Meanwhile, a civil lawsuit is playing out in a Florida courtroom over a fatal 2019 crash in which a Tesla driver using Autopilot plowed through an intersection and struck two people. The case, which will allow a jury to consider punitive damages, centers on how Autopilot is advertised to its customers.
Yahoo
19-07-2025
- Automotive
- Yahoo
Tesla Next Move Could Shock the Market--Analysts Say Don't Miss It
July 18 - Tesla (NASDAQ:TSLA) could defy weaker fundamentals and outperform after its second?quarter results, according to a research note from Barclays. Barclays described the post?earnings setup as confusing but highlighted Tesla's long?term robotaxi ambitions as a potential catalyst, noting the upcoming conference call may give Elon Musk a chance to outline fleet growth targets and expansion plans. The bank expects a slight sequential uptick in automotive gross margin excluding regulatory credits but warned that margins will likely remain depressed versus prior years. Vehicle deliveries are projected to fall about 10 percent in 2025, with consensus EPS estimates having declined from more than $3.20 at the start of the year to around $1.84, reflecting a soft first half. Barclays also questioned the likely deferral of a low?cost model beyond the expiry on Sept. 30 of the U.S. electric vehicle tax rebate, and said the company might count on a pre-buy stimulus in the third quarter rather than a new car launch, a factor that could come out ill. As Tesla continues to heat up with controversy surrounding the active development of a robot taxi, or autonomous vehicle, over its current level of achievement, Barclays asserts that the pressure in the short term might be dwarfed by Tesla telling its autonomous-vehicle story. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
18-07-2025
- Automotive
- Yahoo
Tesla Next Move Could Shock the Market--Analysts Say Don't Miss It
July 18 - Tesla (NASDAQ:TSLA) could defy weaker fundamentals and outperform after its second?quarter results, according to a research note from Barclays. Barclays described the post?earnings setup as confusing but highlighted Tesla's long?term robotaxi ambitions as a potential catalyst, noting the upcoming conference call may give Elon Musk a chance to outline fleet growth targets and expansion plans. The bank expects a slight sequential uptick in automotive gross margin excluding regulatory credits but warned that margins will likely remain depressed versus prior years. Vehicle deliveries are projected to fall about 10 percent in 2025, with consensus EPS estimates having declined from more than $3.20 at the start of the year to around $1.84, reflecting a soft first half. Barclays also questioned the likely deferral of a low?cost model beyond the expiry on Sept. 30 of the U.S. electric vehicle tax rebate, and said the company might count on a pre-buy stimulus in the third quarter rather than a new car launch, a factor that could come out ill. As Tesla continues to heat up with controversy surrounding the active development of a robot taxi, or autonomous vehicle, over its current level of achievement, Barclays asserts that the pressure in the short term might be dwarfed by Tesla telling its autonomous-vehicle story. This article first appeared on GuruFocus. 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
18-07-2025
- Automotive
- Yahoo
Tesla Next Move Could Shock the Market--Analysts Say Don't Miss It
July 18 - Tesla (NASDAQ:TSLA) could defy weaker fundamentals and outperform after its second?quarter results, according to a research note from Barclays. Barclays described the post?earnings setup as confusing but highlighted Tesla's long?term robotaxi ambitions as a potential catalyst, noting the upcoming conference call may give Elon Musk a chance to outline fleet growth targets and expansion plans. The bank expects a slight sequential uptick in automotive gross margin excluding regulatory credits but warned that margins will likely remain depressed versus prior years. Vehicle deliveries are projected to fall about 10 percent in 2025, with consensus EPS estimates having declined from more than $3.20 at the start of the year to around $1.84, reflecting a soft first half. Barclays also questioned the likely deferral of a low?cost model beyond the expiry on Sept. 30 of the U.S. electric vehicle tax rebate, and said the company might count on a pre-buy stimulus in the third quarter rather than a new car launch, a factor that could come out ill. As Tesla continues to heat up with controversy surrounding the active development of a robot taxi, or autonomous vehicle, over its current level of achievement, Barclays asserts that the pressure in the short term might be dwarfed by Tesla telling its autonomous-vehicle story. This article first appeared on GuruFocus. 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
