Tesla Q2 2025 Update [pdf](tesla.com) |
Tesla Q2 2025 Update [pdf](tesla.com) |
- Total revenue fell by 12% year-over-year (16% contraction in the core automotive segment)
- Operating margin fell to just 4.1% (was 6.3% a year ago)
- For a second straight quarter, production significantly outpaced deliveries. Global unsold inventories now at 24 days of supply (was 18 days a year ago)
- Free cash flow collapsed by nearly 89.1% to just $146 million
source: https://www.signalbloom.ai/news/TSLA/teslas-q2-revenue-drops... (disclaimer: I run this)
That trillion dollar market cap, OTOH? That seems super vulnerable.
There has been talk for years of Tesla opening a local factory, but this remains just talk.
> Tesla has confirmed through its delivery report that Cybertruck sales have now dropped to ~5,000 units per quarter.
> After planning for a production capacity of over 250,000 units per year, Tesla is currently selling the pickup truck at a rate of ~20,000 units annually.
Musk has already been in hot water more than once for that in the past.
https://www.cnn.com/2024/12/13/business/elon-musk-sec-fine-d...
"In 2018 the SEC reached a settlement with Musk and Tesla after finding that Musk had deceived investors when he tweeted out that he had “funding secured” to take Tesla private. Under that settlement Tesla and Musk both paid fines of $20 million, and Musk agreed to have his tweets about material events at the company approved by others at Tesla. He also gave up the title of chairman of Tesla, although he retained the CEO title."
"In April 2022, Musk disclosed he had purchased 9% of the shares of Twitter ahead of his purchase of the entire company later that year. The SEC sent him a letter wanting to know why he had not disclosed those purchases within 10 days of crossing the 5% threshold of shares owned, as required by securities law."
I hope the purchase of twitter and the subsequent leverage he has on politics and government is worth it. /s
The company still has 37 billion in cash on hand and has a great backlog of products.
At least in the U.S., the big 3 (Toyota, GM, Ford) all showed Year-over-year growth of automotive sales in Q2.
https://www.coxautoinc.com/market-insights/q2-2025-ev-sales/
Pretty interesting chart to be seen here. Why are interest rates affecting Tesla more than any other OEM?
So yeah, sales may jump in the US (and will continue to crater in EU and China), but that won't do much for their profits. It can only help 'move the metal' as they say.
Deliveries where ~3k lower than production each quarter, so there are 15k of them stuck somewhere. Given the pace of depreciation, they may even soon be available at the price Elon initially announced !
Population of US: ~340M
1 percenters of US: ~3.4M
1% of 1 percenters of US: ~34K
Population of India: ~1.4B
0.1 percenters of India: ~1.4M
1% of 0.1 percenters of India: ~14K
So if you only target the extreme top of the wealth demographic in India, the numbers still matter. If you somehow convinced 1/2 of 1% of the millionaires in India to purchase a Cybertruck and donate it to a local mobile health clinic, you would increase global sales of Cybertrucks by 100%.
Is there any way sales in New Mexico will have a meaningful impact on Tesla's bottom line? West Virginia? South Carolina? There are more Tesla dealerships in New Mexico than in all of India.
The brands you mentioned are bargain brands. Tesla is a luxury vehicle. Answer seems pretty obvious. Also Tesla is not generally going to sell to apartment renters very often as there typically are not places to charge, so I personally think part of it is that there is a diminishing pool of possibile customers.
Tesla is pretty widely regarded as non-luxury. If not for their price, they'd probably best fit into economy class. At best, only the model S and X would be considered luxury cars, and look at how the sales of those have totally cratered.
The vehicle built for Mars is pure unadulterated marketing fluff just like the 'bullet proof' windows and siding that can only stop slow pistol rounds.
This car's marketing touted it as a vehicle built for Mars and you somehow believed it hook line and sinker.
I’m just trying to make sense of the situation. It’s a shit car, ugly as hell, everyone hates it, etc you don’t see that very often nowadays. Everything is usually so sterile and researched to death in advance. By the time it hits the market there is usually going to be some demand. It’s new to me that a billionaire just whips his dick around and does whatever he wants, market fit be damned.
A "new" car that is last year's model will effectively hit the owner with a year's depreciation the moment they sign the sales contract.
Then the process didn't work, but either marketing or just Musk we're already attached to the shape and aesthetic.
"Exoskeleton" is I think what they were calling it.