Tesla profit plunges in 2nd quarter
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Musk said that half the US population could have access to a Tesla robotaxi by the end of 2025. That’s a huge leap from the company’s current limited rollout.
The company reported the steepest decline in quarterly revenue in more than a decade, with a 12% fall, as it battles strong competition from cheaper electric vehicles and a backlash against CEO Elon Musk’s political views.
Elon Musk made this statement during the Tesla Q2 2025 earnings call that came alongside its earnings results this week. The robotaxi service has been made available in limited capacity in Austin, Texas,
The CEO is already eyeing expansion for his Tesla Diner dishing merchandise and food served by Optimus robots.
Tesla Diner, 7001 W. Santa Monica Blvd., Los Angeles. Open 24 hours per day, seven days per week. This story has been updated.
Adam Jonas from Morgan Stanley asked Elon Musk if he was "comfortable" in moving Tesla deeper in real-world AI applications while only having a 13% stake in the company. That's a "major concern for me,
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.