Tesla Q2 revenue of $22.5 billion missed expectations, and the Robotaxi narrative cannot hide the sharp decline in delivery volume

Zhitong
2025.07.23 20:37

Tesla announced its earnings after the market closed. Here is a comparison of the company's performance with analyst expectations from the LSEG survey: Adjusted earnings per share: $0.40, expected $0.43; revenue: $22.5 billion, expected $22.74 billion. In early July, Tesla reported second-quarter vehicle deliveries of 384,000 units, a year-on-year decline of 14%. Musk's political activities are not the only factor affecting the brand. Tesla has delayed the production of the more affordable "Model 2" electric vehicle, while other automakers now offer a wider variety of models. Bulls believe that the launch of Robotaxi is a positive signal for the company, but Bank of America analysts warned in a recent report that its "financial impact is minimal in the short term." Barclays analysts stated in a report earlier this month that Tesla showed "weak fundamentals" before the earnings report was released. However, they also wrote that shareholders remain optimistic about Tesla's "Robotaxi narrative," and the agency's rating for Tesla stock is equivalent to holding

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