Tesla, Elon Musk
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President Donald Trump took a break from his bitter public feud with Elon Musk by offering support to Tesla in an early morning post on Truth Social.
Tesla revenue dropped 12%, and profits slumped 16% in the three months through June as buyers continued to steer clear, and in some cases, turn to more affordable competitors' offerings.
Tesla points out early progress on robotaxis and bots, as revenue from electric vehicles plummets.
The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits fell sharply again in the latest quarter.
Wall Street may be skeptical about Tesla’s upcoming quarters, but CEO Elon Musk made four surprising announcements that could be game-changers — if they prove true.
Tesla's earnings are due today with an investor call at 5:30 p.m. ET. Elon Musk's politics have rocked TSLA stock, with shares down 18% YTD.
IBM is the top performing Dow stock in 2025, up 30%, and is the 30th-best S&P 500 performer. Coca-Cola is the Dow's 12th best, up 12.2% (but only 148th best on the S&P 500). The other three are up less than 5%.
Tesla is facing stiffer competition globally from electric vehicle players, especially low-cost competitors from China.