Tesla shares drop 6% in premarket trading after auto sales plunge again
During a press conference with President Donald Trump, Elon Musk at the Oval Office in the White House in Washington on May 30, 2025.
Tom Brenner | Washington Post | Getty Images
Tesla The company decreased by 6% in pre -Sunday transactions on Thursday after notifying the second quarter of the decrease in automotive sales.
Elon Musk’s electric car manufacturer reported that he had kidnapped a top and bottom line in the second quarter results and reduced the automotive revenue to 16.7 billion dollars annually.
In a call for a profit, Musk said, as a result of Tesla’s termination of federal electric vehicle tax loans, “probably several coarse quarters”.
Orum I’m not saying we’ll do it, but we can, Mus Musk said.
Tesla faces increasing competition in key markets such as China and Europe, especially from lower cost -cost Chinese electric vehicle players.
The data received from the European Automobile Manufacturers Association or ACEA, which was released on Thursday, showed Tesla’s new automobile records and decreased in Europe in June.
Tesla shares have not been included in the Premmarket move this year, but so far it has been beaten with a decrease of approximately 18%.
In addition to Tesla’s core car business, Musk’s own political activity focused.
Technology billionaire, under the direction of President Donald Trump, played a key role in the government efficiency or Dge department and approved Germany’s anti -immigrant AfD party. In recent months, two former allies have clashed on the President’s expenditure bill. Musk said he had established his own political party since then.
Some investors called on billionaires to move away from politics because their participation was afraid of damaging Tesla’s brand and sales.
Tesla investors expect the company to publish a cheaper model to renew the aging series and perhaps revitalize sales. Tesla Management said in June that the more affordable model started production and expects to increase it in the second half of the year.
Nevertheless, the appearance of the rest of the year continues to be dark because Tesla does not provide any official guidance – in the early this year, the administration said that Tesla would return to 2025.
“The administration initially guided the delivery growth in 2025. We are not interpreted as a signal that management no longer predicts volume growth.
