Tesla reported its second quarter of underwhelming sales in a row on Wednesday. Elon Musk's automaker could really use its long-promised affordable EV right now.
From Elon Musk's controversial Washington crusade to the Cybertruck's flop, it's been a bad year for Tesla. Now, the EV company is reporting a 13% decline in vehicle deliveries for its second quarter, marking the second quarterly decline in a row.
Tesla's sales volume in Germany fell by 60% in June, the German road traffic agency KBA said on Tuesday, although sales of battery electric vehicles rose overall.
BYD is halting Mexico factory plans over US trade policy concerns. US tariffs on Mexico-made cars are affecting automakers including Nissan and Stellantis.
The electric-vehicle maker has an aging lineup and slumping sales, but its CEO has shifted his focus to robotaxis and robots.
Rivian Automotive reported its 2025 second-quarter production and delivery results. Rivian produced 5,979 vehicles and delivered 10,661 vehicles this quarter, a year-over-year decline from Q2 2024.
Ed Butowsky was "surprised" that Tesla's (TSLA) vehicle deliveries came in at just above 384,000 for the quarter. He expected a "disaster" print despite sales already showing more than 10% year-over-year decline.
Wall Street doesn't appear spooked by Tesla's 13.5% year-over-year decline in vehicle deliveries. While the numbers were below analysts' average estimates, they came in above some of the lowest predictions.
Tesla is threatened by Musk's fight with Trump, longtime investor Ross Gerber says. Gerber said he thinks Elon Musk's feud with the president is a "nail in the coffin" for the EV maker.
The prevailing doomsday narrative about Tesla omits the positive sentiment shareholders have about the company, says Bloomberg Opinion Columnist Matt Winkler. Winkler discusses his thoughts on Tesla's future with Caroline Hyde and Ed Ludlow on "Bloomberg Tech".
Tesla has enough cash to weather lower sales as it pivots to sales of full-self driving software, says Gene Munster, managing partner of Deepwater Asset Management. Munster joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.
Tesla's woes have deepened as latest production and deliveries figures showed a greater fall than expected.