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Benzinga
Benzinga
Business
Surbhi Jain

Musk's Warning Could Spoil Tesla's Buy-The-Dip Moment

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Tesla Inc (NASDAQ:TSLA) just delivered one of its toughest earnings in years. Second quarter revenue dropped 12% to $22.5 billion, and net income plunged 16%, while vehicle deliveries fell 13.5% year-over-year.

Tesla's shares slumped 6%–9% in after-hours and pre-market trading after CEO Elon Musk cautioned the company could face "a few rough quarters" as the $7,500 federal EV tax credit ends and tariffs bite. Tesla stock plummeted over 9% in early trading on Thursday.

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