Tesla Q2 Earnings Highlights: Revenue And Earnings Fall Short; New Models Still Set For 2025–2026

Electric vehicle giant Tesla Inc (NASDAQ:TSLA) reported second-quarter financial results after market close Wednesday.

What Happened: Tesla reported second-quarter revenue of $22.5 billion, down 12% year-over-year. The revenue missed a Street consensus estimate of $22.8 billion according to data from Benzinga Pro.

The company reported Automotive revenue of $16.66 billion, down 16% year-over-year.

Tesla's earnings per share were 40 cents in the quarter, missing a Street consensus estimate of 42 cents per share.

The company said revenue declined due to lower deliveries, lower regulatory credit revenue and lower average selling prices, offset slightly by growth in services and other revenue.

Operating income was $0.9 billion in the quarter, down 42% year-over-year. Tesla's operating margin was 4.1% for the quarter.

Tesla previously reported second-quarter deliveries of 384,122, down from 443,956 in the same quarter last year. Production of 410,244 units in the quarter was down slightly from 410,831 in last year’s second quarter.

The company ...