Tesla Kept Edging Lower After Tumbling 8% On Thursday

TigerJul 25, 2025 8:25 AM

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Tesla edged lower after tumbling 8% on Thursday.

Tesla reported a 16% decline in net income on a 12% drop in revenue to $22.5 billion. Revenue from Tesla’s automotive business fell 16%, while revenue at its energy business declined 7%.

Tesla CEO Elon Musk, on a conference call following the earnings report’s release, said production had begun on a less expensive EV and that sales could start in the fourth quarter. He also discussed plans for Tesla to “greatly expand” its robo-taxi service, saying the service should cover about “half the U.S. population” by the end of the year.

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