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LONDON DAILY ARCHIVE

Tesla Posts Sharp Profit Decline, Musk Warns of More Trouble

Revenue falls nearly $3 billion in Q2, share price drops 9 percent

24 July 2025 · 23:06 UTC

Tesla reported second‑quarter revenue of $22.5 billion—a nearly $3 billion drop year‑on‑year with a 16 percent decline in car sales—sending shares down about 9 percent, while CEO Elon Musk cautioned investors of several challenging quarters ahead amid rising costs and credit headwinds.