Elon Musk cautions about future performance risks as Tesla's Q2 revenue drops amid reduced U.S. subsidies, contributing to a 4.41% stock decline.
Tesla's stock fell 4.41% following Elon Musk's warning of potential poor performance in upcoming quarters due to the phasing out of U.S. subsidies. The company reported Q2 2025 revenue of $22.496 billion, down from $25.5 billion a year earlier, with a gross margin of 17.2%.