Steve Westly, Founder and Managing Partner, The Westly Group, and Former Testa Executive, says Tesla needs to get its top executives in place and new products to market. The company needs a next-generation product with a "wow" factor to return to its former position.
Alphabet (GOOGL) shares slip lower after an initial pop. George Tsilis and Scott Durfey join Marley Kayden to digest the latest quarterly figures from Google's parent company.
Tesla, Inc.'s Q2 results revealed ongoing concerns about vehicle demand and the impact of expiring U.S. EV tax credits. While revenues were better than expected, the bottom line did not show as much of a benefit. TSLA stock trades at an ultra premium valuation, which currently does not seem to be justified giving weakening fundamentals.
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.
Tesla says it has started production of a more affordable model and expects volume production in the second half of the year.
Tesla Inc (NASDAQ:TSLA) reported a 23% drop in second-quarter adjusted earnings on Wednesday as the electric vehicle maker continued to grapple with declining demand, global trade headwinds and softer automotive margins. Adjusted earnings per share fell to $0.40, missing analysts' expectations of $0.42, while total revenue declined 12% year-over-year to $22.5 billion, slightly below estimates of $22.64 billion.
The electric-vehicle maker's net income plunged 16% in the second quarter, marking further steep declines at the company as automotive sales continue to fall.
Investors will scrutinize updates on low-cost model launch and tariff impacts across energy and auto.
Marley Kayden talks all about Tesla (TSLA) ahead of the company's highly anticipated earnings. She notes the Mag 7 company has only had one year-over-year vehicle delivery drop prior to 2024, noting the figure will be under the microscope after sales plunged since.
Wedbush Securities analyst Dan Ives wrote Tuesday the “set-up” to Tesla earnings is a “dramatically different one than three months ago,” adding Tesla's AI initiatives will be “front and center for investors” on Tesla's earnings call as analysts will be “listening carefully” about the company's possible investment into Musk's xAI.
Tesla is scheduled to release earnings after Wednesday's close. The stock hit a record high of $488.54/share in December 2024 and is currently trading near $333.
With President Trump's recent budget bill rocking the automotive industry, Wall Street analysts are adjusting their ratings and price targets for two of the most closely watched electric vehicle (EV) stocks: Tesla (NASDAQ: TSLA) and Lucid Group (NASDAQ: LCID).