Elon Musk, CEO of SpaceX and Tesla, visited on June 16, 2023 at the Viva Technology Conference at the Porte de Versailles Exhibition Center in Paris.
Gonzalo Fuentes | Reuters
Tesla reported results after the bell. The company did compared to estimates from analysts surveyed by LSEG:
- Win each share: 40 cents adapted vs 43 cents
- revenue: $ 22.50 billion compared to $ 22.74 billion
At the beginning of July, Tesla recorded a slide of the vehicle deliveries of 14% in the second quarter compared to the previous year.
Deliveries are closest to the EV sales registered by Tesla, but are not precisely defined in his shareholder communication.
Tesla's burglary this year is partly due to a counter-reaction against the company in the USA and in Europe, after CEO Elon Musk had strongly spent the president Donald Trump, the extreme AfD party of the Germany's extreme anti-immigrant AfD party and then conducted the government of the government's government efficiency. At Doge Half Musk to reduce the federal employees, to reset regulations and to eliminate the USA.
Other car manufacturers recorded their sales with electric vehicles and ate Tesla's Market Share in the second quarter.
General Motors' EVS's US turnover rose by 111% compared to the previous year to almost 46,300 units in the reporting period for an estimated market share of 16%, which is still far behind Tesla.
Musk's political activism was not the only factor that weigh the brand.
Read more CNBC -TESLA reporting
Tesla has postponed the production of a more affordable “Model-2”-EV, while other car manufacturers now offer a greater variety of vehicles, and the competitors based in China sell affordable EVS with high-tech self-driving functions more as a standard than a premium option.
The Tesla shares have dropped by about 18% for the year, which has the worst performance among Tech's megakaps. The Nasdaq rose by about 9% in 2025.
Musk has tried to concentrate fans and investors on Tesla's future, which he provides for as the robot taxis of the company and humanoid Optimus robots. Musk sees Tesla's robotaxis as for her owners and earns them money while she is sleeping. Optimus robot, he says, will be so clever that you can serve as a factory worker or babysitter.
This week, Tesla opened a diner and a charging station in Los Angeles in Los Angeles, where the fans can see the Optimus robots at a simple task at work and slowly draw popcorn. The company faces a massive competition in robotics of developers, including 1x technologies, agility robotics, apptronics, boston dynamics and figure AI.
In June, Tesla began testing a robotaxi service in Austin, Texas, who works in a limited area with a human servant on board. The service is only accessible for the selection of drivers, in general Tesla and musk enthusiasts.
The Robotaxi rollout is considered a positive sign for the company by bulls, but the analysts of the Bank of America warned in a recently published report that they would have “inconsiderable financial effects” at short notice.
The National Highway Traffic Safety Administration meanwhile has Tesla to obtain information about reported incidents in which the vehicles seemed to violate traffic laws. In an incident, a Tesla Robotaxi on a Pizzeria parking lot in Austin taught a parked vehicle and in another, a robotaxi that was briefly brought out of the lane to oncoming traffic.
In a note in the beginning of this month, Barclay's analyst said that Tesla had shown “weak foundations” in his winning report. Nevertheless, the shareholders are enthusiastic about Tesla's “Robotaxi narrative”, wrote the analysts who have the equivalent of a hold rating for the stock.
The report on Wednesday will be the first for Tesla since Musk officially left his role in the Trump government and immediately increased the president publicly, mainly for the Republican package he approved.
Since then, Musk has promised to found a new political party in the United States that he calls the America party.
A retail investor has submitted an anonymous question about the Say platform that Tesla is used before the earnings talks to ask: “With Elon Musk, Tesla, which is involved in US politics in politics in the New America, is doing any steps to manage potential risks regardless of whether they are political alliances, regulatory perception or public opinion change?”
Most of the questions submitted to the platform were submitted by Tesla via the Robotaxi test in Austin, self-driving ambitions and its plans for a more affordable EV model.
The gross margins of Tesla's automotive notes will probably also be in focus, together with comments about how the company Trump's tariffs and the end of the federal tax credits will survive for EV buyers.
Companies managers will organize a profit call with analysts at 5:30 p.m.
REGARD: Elon Musk cannot go on this political path
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