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.

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.

Shares in Tesla were down in premarket trading as the carmaker lays out the risks from President Trump’s tariffs and his scrapping of tax credits.

The Tesla CEO said the company expects to expand their autonomous driver service to include customer-owned cars.

Tesla’s earnings and revenue both fell by double-digit percentages following the biggest sales drop in the company’s history. The automaker also faces a number of financial headwinds, including the loss of a $7,

The Tesla CEO hosted an earnings call once more long on promises and short on specifics, especially regarding his month-old robotaxi service that has logged only 7,000 driverless miles.

Tesla CEO Elon Musk warned of challenges after the EV maker saw a 12% revenue drop to $22.5 billion in Q2, marking its worst quarter in years. The decline stemmed from lower vehicle deliveries and regulatory credit revenue,

Former President Trump discussed his relationship with Elon Musk after the Tesla founder denied a report that he would give $45 million a month to America PAC.