The decline in EV sales combined with a lower average sales price, less cash credit and revenue from Solar and Energy’s revenue, burdens the Tesla gap in the second trimester of 2025 and the increase in revenue by 17% in its services, which includes the capital.
The company reported on Wednesday revenue of $ 22.5 billion12% reduction from the same period last year. The results of the company’s Q2 revenue showed improvement in the first quarter, when they generated $ 19.3 billion revenue and managed to earn a little bit of analysts’ expectations. (Analysts asked by Yahoo Finance expected revenue in the second quarter to reach $ 22.13 billion.)
However, net income and more specifically operating revenue is where the gap of the year increases.
Tesla reported net income of $ 1.17 billion in the second quarter, a 16% reduction in net revenue by $ 1.4 billion in the same period last year. Tesla reported $ 409 million in net income in the first quarter of the first quarter of the year.
Meanwhile, Tesla’s operating revenue decreased by 42% on an annual basis to $ 923 million.
While Tesla was pressured by a “uncertain macroeconomic environment resulting from the displacement of invoices” and “unclear implications for changes in budgetary policy and political feeling”, the company tried to place the results as a bend of focusing and future.
“The Q2 2025 was a point point in the history of Tesla: The beginning of the transition from the guidance of the electric vehicle and the renewable energy industries to also become a leader to AI, the robotics and the related services,” the company said in a shareholder’s letter.
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Tesla’s profits largely reflect EV sales – although fewer regulatory credits have also played a role. The company brought $ 439 million to regulatory credits in the second quarter, a 50% reduction from the same period last year.
The regulatory credits gave a steady flow of revenue and in some cases helped to promote the company’s lower line in black. For example, Tesla’s income in the first quarter was reinforced by the sale of $ 595 million in zero emission tax credits. Without them, he would have published a loss.
And the days of regulatory credits come quickly to the end. The law on reconciliation of the 2025 budget signed on the law on July 4 essentially downgrades the market, in which automakers facing sanctions in accordance with corporate fuel fuel economy standards will buy zero emissions from the construction of construction and the sale of EV. The budget bill has changed sanctions for violating cafe standards to $ 0.
Earlier this month, Tesla said it surrender 384.122 vehicles in the second quarter of this year, a decrease of 13.5% from the same period in 2024.
In the meantime, Tesla is facing regulatory and legal pressures that could further undermine her efforts to restart sales.
The California motor vehicle section is protesting a hearing that began on Monday that Tesla should lose permission to sell vehicles to the state about false advertising claims on the branded automatic pilot and the full self-leading drivers.
Meanwhile, a civil lawsuit plays in a Florida courtroom for a deadly 2019 crash in which a Tesla driver uses an automatic pilot that plowed through a junction and hit two people. The case, which will allow a jury to examine punitive allowances, focuses on how it is advertised automatic pilot for its customers.
