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International Business Times

Business

Tesla Reports 16% Profit Drop To $1.2 Bn On Lower Auto Sales

Tesla Inc. Elon Musk Donald Trump United States electric vehicle

Electric vehicle maker Tesla reported a drop in profits for the second quarter of 2025, down 16 percent from the same period the previous year (Credit: AFP)

Tesla reported another drop in quarterly profits Wednesday on lower auto sales amid intensifying electric vehicle competition and lingering backlash over CEO Elon Musk's involvement in US politics.

Tesla reported second-quarter profits of $1.2 billion, down 16 percent from the year-ago level. The company in a press release emphasized ongoing efforts to lead in artificial intelligence and robotics.

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