Tesla Q2 earnings: Elon Musk sleeps at office again as Wall Street awaits his big reveal on Robotaxis, AI & sales recovery
Tesla investors will be closely monitoring Musk's statements during the upcoming earnings call, especially as profit estimates and vehicle sales figures have seen a notable drop.
Slowing sales, lower profit expectations
Tesla reported sales of around 384,000 vehicles in Q2, a 13% decline compared to the same period last year. In total, the first half of the year saw 721,000 cars sold—significantly lower than the projected 970,000, according to FactSet. Analysts now expect Q2 earnings to be around 39 to 40 cents per share, a drop from last year's 50 cents.
Back to working 7 days a week and sleeping in the office if my little kids are away https://t.co/77cc6sRCFZ
This would mark the sixth earnings decline in the past eight quarters. Despite this, Tesla stock still trades at a high multiple, indicating continued belief in Musk's long-term innovation strategy.
AI and robotaxis under investor lens
Much of investor optimism hinges on Tesla's advancements in artificial intelligence. The company recently launched AI-driven robotaxis in Austin, Texas. Musk also hinted at regulatory discussions to launch similar services in California and is waiting for approval in Europe and China.
Additionally, a promised affordable Tesla model is yet to be revealed. Investors expect updates on both the car and Tesla's AI-trained robots, which are expected to begin mass production by 2026.
Musk's other projects also stirred interest. He recently launched a Tesla diner and charging station in Los Angeles. Musk stated, 'If our retro-futuristic diner turns out well... Tesla will establish these in major cities around the world.'
Market reaction and political crosswinds
Tesla stock was trading at around $331.43 on Monday morning. The stock has been volatile in 2025—up 38% over the past year but still down 18% year-to-date. Musk's earlier political involvement, including endorsing Donald Trump, initially sent the stock to a high of $488.54. However, sales and tariff concerns led to a dip below $215 in April.
Investors are also waiting to hear Tesla's position on Trump's 'Big Beautiful Bill Act,' which ends Biden-era EV credits and alters emissions-related financial incentives. Tesla has historically benefited from these credit programs.As Tesla earnings loom, all eyes are on Musk's next move — and whether robotaxis can drive future growth.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
16 minutes ago
- First Post
‘Just in case these foolish statements are...': Trump orders nuclear sub deployment after Medvedev's 'provocative' remarks
'Based on the highly provocative statements of the Former President of Russia, Dmitry Medvedev…, I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that,' Trump posted on Truth Social read more A day after former Russian President Dmitry Medvedev warned US President Donald Trump about Moscow's Soviet-era nuclear strike capabilities following Trump's remark telling him to 'watch his words', the US President on Friday said he had ordered the deployment of two nuclear submarines in response to what he called 'highly provocative' comments by the Russian leader. 'Based on the highly provocative statements of the Former President of Russia, Dmitry Medvedev, who is now the Deputy Chairman of the Security Council of the Russian Federation, I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that,' Trump posted on his Truth Social platform. STORY CONTINUES BELOW THIS AD 'Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances,' he added. Trump did not clarify the exact location or nature—nuclear-powered or nuclear-armed—of the submarines he said were deployed in response to remarks by former Russian President Dmitry Medvedev. The escalating exchange between the two leaders began after Trump labelled Medvedev the 'failed former President of Russia.' Trump, after announcing a new tariff on India and a penalty for its trade relations with Russia, said, 'I don't care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India, their Tariffs are too high, among the highest in the World.' He added, 'Likewise, Russia and the USA do almost no business together. Let's keep it that way, and tell Medvedev, the failed former President of Russia, who thinks he's still President, to watch his words. He's entering very dangerous territory!' Medvedev responded on Thursday via Telegram, writing, 'If a few words from the former president of Russia can provoke such a jittery reaction from the mighty president of the United States, then Russia must be completely in the right.' 'We'll keep moving forward on our own path,' Reuters quoted him as saying. STORY CONTINUES BELOW THIS AD Mocking Trump's 'dead economies' remark, Medvedev referenced Russia's Cold War-era nuclear deterrent system: 'As for 'dead economies' and 'dangerous territory,' maybe he should rewatch his favorite zombie movies and remember just how dangerous the so-called 'Dead Hand,' which doesn't even exist, can be.' While Trump did not specify what exactly triggered his nuclear warning, Medvedev had earlier in the week criticised Trump's push for more sanctions, accusing him of escalating tensions. 'Each new ultimatum is a threat and a step towards war. Not between Russia and Ukraine, but with his own country,' Medvedev wrote on X. With inputs from agencies
&w=3840&q=100)
Business Standard
16 minutes ago
- Business Standard
Tesla sales slump again in Europe despite revamped Model Y rollout
Registrations of new Tesla cars in several key European markets fell in July, despite a revamp to its signature Model Y, as the EV maker struggles with a backlash against CEO Elon Musk's political views, regulatory challenges and rising competition. Tesla's aging lineup is facing a wave of low-cost EV rivals, especially from China. It is rolling out a revamped Model Y and starting to produce a new, cheaper model, but production of that will only ramp up next quarter, later than initially expected. The brand's registrations - a proxy for sales - fell 86% year-on-year in July to 163 cars in Sweden, 52% to 336 cars in Denmark, 27% to 1,307 in France, 62% to 443 in the Netherlands and 58% to 460 in Belgium, official industry data showed, marking a seventh straight monthly drop in all of those countries. They also fell by 5% to 457 cars in Italy and 49% to 284 in Portugal. Tesla sales dropped by over a third in Europe in the first six months of the year. Norway and Spain bucked the trend, with Tesla's July registrations up 83% and 27% to 838 cars and 702 cars, respectively. Spain recorded a 155% jump in total sales of electrified cars - either battery electric or plug-in hybrid. Tesla's Chinese competitor BYD sold 2,158 cars in Spain in July, almost eight times more than in July 2024. With no more affordable-end vehicles on the horizon until the last three months of the year and the upcoming end of a $7,500 US tax break for EV buyers, Musk acknowledged in July that Tesla could have "a few rough quarters". He said tough automated driving regulations in Europe made it harder to sell the Model Y in some countries, as the vehicle's optional supervised self-driving is "a huge selling point". "Our sales in Europe, we think will improve significantly once we are able to give customers the same experience that they have in the US," he told analysts. Tesla began selling a long-range four-wheel version of the revamped Model Y in Europe in March 2025, while sales of the two rear-wheel drive variants began in May. Model Y registrations in Sweden and Denmark fell by 88% and 49% respectively in July, while they jumped more than fourfold to 715 cars in Norway. Norway, where almost all new cars sold are fully-electric and where Tesla has been the best-selling brand since 2021, has seen a surge in orders for the model since May after the automaker launched 0% interest loans in some Nordic countries to drum up demand. Tesla launched in June a trial robotaxi service in Austin, Texas, using about a dozen Model Y SUVs controlled by its autonomous-driving software. But the roll-out of its self-driving features elsewhere in the US is bogged down because it hasn't received the required permits. Overall car sales were up 20% in Denmark, 6% in Sweden, 48% in Norway, 17% in Spain, 9% in the Netherlands and 21% in Portugal, while they slid 8% in France, 5% in Italy and 2% in Belgium in July, industry data showed. Germany and the UK are expected to release July car sales next week. European automakers Volkswagen, Mercedes-Benz , Stellantis, Renault and BMW have published downbeat second-quarter results, warning of pressure from US import tariffs and falling demand.
Time of India
26 minutes ago
- Time of India
World War III fears grow as Trump sends nuclear submarines toward Russia — fires back at Putin crony's bold threat
Donald Trump orders U.S. nuclear submarines near Russia after Medvedev's warning sparks global tension- In a dramatic turn of global events, President Donald Trump has ordered two U.S. nuclear submarines to be strategically deployed near Russian waters. This powerful move comes after Russia's Dmitry Medvedev, former president and current deputy chairman of the Security Council, made what Trump called 'foolish and inflammatory' threats, evoking Cold War-era nuclear rhetoric. The decision is not just a military maneuver—it is a strong geopolitical message amid rising global tensions and ongoing conflict in Ukraine. Donald Trump responds to Medvedev's nuclear threats with submarine deployment Tensions between the U.S. and Russia are reaching a boiling point after President Donald Trump ordered two nuclear submarines to reposition closer to Russian waters. This dramatic military maneuver was a direct response to former Russian President Dmitry Medvedev's alarming nuclear rhetoric, where he warned of retaliatory measures over Trump's Ukraine ceasefire deadline. Trump framed the move as a "precaution," yet it marks one of the boldest nuclear postures by a U.S. president since the Cold War. His administration is sending a clear signal: America won't tolerate escalatory threats from Moscow. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Artificial Intelligence Degree Data Science Others Product Management MBA Leadership Finance Healthcare CXO Public Policy Operations Management PGDM MCA Data Science Management Technology Cybersecurity Data Analytics healthcare others Design Thinking Digital Marketing Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details But Trump's move isn't just about deterring Russia militarily—it's part of a broader pressure campaign that includes punishing economic measures. Alongside the submarine deployment, Trump is ramping up tariffs and trade restrictions, directly tying them to global alliances and behavior, especially countries with growing ties to Russia. This includes India, a key member of the BRICS alliance, which has continued importing discounted Russian oil and weapons. With NATO on edge and global markets rattled, Trump's military and economic posture is designed to reassert American dominance on multiple fronts. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Things Women Should NEVER Wear! Undo Trump, reacting via his Truth Social account, stressed that the U.S. cannot afford to ignore such escalatory language. Calling Medvedev's rhetoric 'provocative,' Trump revealed that two nuclear-powered submarines have been moved to undisclosed locations near Russia 'as a precautionary measure.' His words echoed a deepening concern that the world is again walking a tightrope between diplomacy and destruction. US nuclear submarines positioned as warning signal to Russia The deployment of U.S. nuclear submarines near Russia serves a dual purpose—military deterrence and strategic signaling. While Trump emphasized that the move is defensive and meant to 'avoid unintended consequences,' analysts say this marks one of the most visible escalations between the U.S. and Russia in recent years. Live Events The submarines involved are part of the U.S. Navy's Ohio-class ballistic missile fleet, capable of carrying dozens of nuclear warheads. Their undetectable stealth and immense power make them one of the most formidable assets in America's strategic arsenal. This development is especially critical as it comes at a time when U.S.–Russia relations are already strained over the prolonged war in Ukraine, cyber threats, and economic sanctions. Trump's decisive move may shift the global chessboard and intensify calls for diplomatic engagement before the situation spirals further. Dmitry Medvedev revives Cold War-era nuclear warnings At the center of this high-stakes exchange is Dmitry Medvedev, who has increasingly taken on a more hawkish and aggressive tone in recent months. In his latest statement, Medvedev dismissed Trump's suggested Ukraine ceasefire plans and instead referenced Russia's massive nuclear arsenal. He also mentioned the 'Dead Hand' system —a Cold War legacy technology rumored to automatically launch Russia's nuclear weapons if national leadership is wiped out. This chilling detail sent shockwaves through Western governments and likely played a major role in Trump's rapid military response. Medvedev's public comments appear designed to demonstrate Russia's refusal to be bullied or coerced into surrendering geopolitical ground, especially in the ongoing conflict with Ukraine. Is Trump targeting India and BRICS with tariffs over Russia ties? Yes, and the message is loud and clear. President Trump has slapped a 25% tariff on Indian imports, followed by a penalty tied to India's continued trade with Russia. His administration is increasingly frustrated with BRICS nations—including India, Brazil, and China—who've maintained or deepened economic ties with Moscow despite the ongoing war in Ukraine. India's position is particularly sensitive: while it maintains strategic autonomy, its oil purchases from Russia and growing defense partnerships have drawn Trump's ire. U.S. officials even suggested India is being "made an example" to deter other nations from ignoring Washington's red lines. Trump's trade strategy is deeply intertwined with his foreign policy objectives. He's not only seeking better deals for the U.S. but also using tariffs as leverage to isolate Russia and disrupt emerging multipolar alliances like BRICS. Some U.S. lawmakers have gone as far as proposing 500% secondary tariffs on countries that continue to fund what they call "Putin's war machine." The timing is no coincidence—Trump's submarine deployment near Russia and economic pressure on India are part of the same high-stakes chess game. By linking military deterrence with aggressive trade tactics, Trump is reshaping the global order on his terms. Trump's decision sends global markets and foreign leaders on alert The announcement came as a shock to many international leaders, with NATO allies quickly convening emergency briefings to assess potential fallout. Several European nations have voiced concern about the dangerous path being carved by nuclear saber-rattling on both sides. Financial markets also reacted with caution. Global stocks dipped, oil prices surged, and defense stocks rallied as investors priced in the risk of growing military conflict. Analysts warned that such volatile moves could create long-term instability unless world leaders return to diplomatic channels. The United Nations issued a statement urging both the U.S. and Russia to exercise restraint and avoid inflammatory actions that could further escalate nuclear tensions. The Ukraine war continues to fuel global geopolitical instability The Ukraine–Russia war, now in its third year, remains a core source of global instability. President Trump has repeatedly insisted that Russia must agree to a ceasefire and begin peace talks, warning of strict deadlines and harsher consequences. However, Moscow has resisted U.S. pressure, and the Kremlin continues to frame the conflict as a defensive effort against NATO expansion. Trump's latest move underscores just how intertwined the nuclear issue has become with the broader Ukraine war. Experts fear that any misstep—verbal or strategic—could ignite a new, more dangerous chapter in this long-running conflict. Analysts warn of heightened nuclear risk and diplomatic breakdown Nuclear policy experts across the globe have raised alarms, cautioning that any military escalation involving nuclear assets, especially submarines, could be misinterpreted as a preparation for attack. 'This is a very delicate moment,' said Dr. Elena Petrov, a nuclear strategy analyst at the Atlantic Institute. 'By publicizing the submarine deployment, Trump is both deterring aggression and potentially increasing the likelihood of misunderstanding or miscalculation by the Russians.' She added that in a world where communication can be instantaneous but filtered through political rhetoric, leaders must be especially cautious. 'What's said online or in speeches can spark real-world consequences—especially when nuclear weapons are involved.' Trump defends the move as necessary caution, not aggression In the face of mounting criticism, President Trump defended his decision. He emphasized that the U.S. had no plans to initiate conflict but could not sit idle while a senior Russian official made what he termed 'reckless threats.' Trump insisted the move was not just about protecting American interests but also about showing strength in the face of intimidation. 'Words matter,' he wrote. 'When someone threatens nuclear retaliation, we must take it seriously.' This response plays into Trump's broader strategy of projecting American strength on the world stage, particularly in matters involving national security, energy dominance, and great power competition. Will nuclear brinkmanship replace diplomacy? The current climate raises difficult questions about the future of international diplomacy. With both Washington and Moscow hardening their stances, and with war still raging in Eastern Europe, the room for peaceful resolution appears to be narrowing. Analysts warn that mutual threats and weapons deployments only serve to erode what little trust remains between the superpowers. The absence of formal arms control talks, especially after the collapse of key nuclear treaties in recent years, makes these moments even more dangerous. Whether this incident becomes a turning point for reengagement—or the beginning of a new era of nuclear brinkmanship—remains to be seen. He world watches as nuclear tension rises between U.S. and Russia Trump's bold decision to deploy nuclear submarines close to Russian territory has transformed a war of words into a potential flashpoint. His warning to Medvedev—combined with the reality of submarine positioning—sends a clear message that the U.S. is ready to defend its interests and allies, even at great risk. At the same time, the move has rattled the international community, highlighting the urgent need for renewed diplomacy, strategic calm, and nuclear de-escalation. For now, all eyes are on what happens next—because in a world with nuclear weapons, miscommunication can become catastrophe in a matter of minutes. FAQs: Q1: Why did Donald Trump deploy nuclear submarines near Russia? To respond to Medvedev's nuclear threats and rising tensions over Ukraine. Q2: What did Dmitry Medvedev say that triggered Trump's decision? He warned of Russia's Cold War-era nuclear retaliation system, the 'Dead Hand.'
