Tesla Stumbles as Q2 Earnings Plunge Amid Fierce EV Competition
Summary
Tesla faces mounting challenges as Q2 2025 earnings plunge 23% and operating income drops 42% amid fierce EV competition, with cash reserves depleting for the first time in years.
Key Points
- Tesla's Q2 2025 earnings per share are down 23% year-over-year amid booming EV market
- Operating income decreases 42% year-over-year to less than $1 billion, with almost half coming from regulatory credits
- Tesla's cash on hand decreases for the first time in years, losing approximately $200 million