Tesla Stock Falls Over 6% Pre-Market After Q2 Miss — Elon Musk Warns Of 'Rough Few Quarters' Ahead

Benzinga
2025.07.24 10:08
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Tesla Inc. shares fell over 6% in pre-market trading after reporting a Q2 revenue of $22.5 billion, a 12% year-over-year decline. CEO Elon Musk warned of a "rough few quarters" ahead due to the end of EV incentives and tariff pressures. The announcement of a more affordable Model Y trim has raised concerns about potential cannibalization within Tesla's lineup. CFO Vaibhav Taneja urged customers to purchase vehicles now to avoid inventory shortages. Despite strong growth metrics, Tesla's value remains poor.