Tesla continues her financial difficulties even after the release of Elon Musk’s White House

Tesla Empire’s financial situation, while the benefits continue from the CEO Elon Musk policy.

The electric car manufacturer said on Wednesday that income and profits fell in the second quarter of the year compared to the previous year. This is the second right Negative winning report of the company, which has suffered damage to its brand and has become a lightning rod For street demonstrations.

While Tesla is still the n ° 1 seller of electric vehicles in the United States by a large margin, the gains report shows a situation of deterioration without obvious rapid solution for Musk, the richest person in the world.

Revenues were $ 22.5 billion for the three months ending on June 30, down 12% compared to the previous year, while the profits were 40 cents per share, down 23% compared to the previous year.

Musk has angry people through the political spectrum this year, first with his embrace of far -right policy and his mandate of the chainsaw As advisor to President Donald Trump, then when he and Trump had a high -level. Musk swore to start A political party But so far, has not followed visible.

The report on the results covers Tesla’s finances for April, May and June – a period overlapping Musk’s mandate in the White House. Musk left his job as government May 30.

Tesla’s actions were stated in working hours after the opening hours immediately after the profits report.

Tesla had already warned this month Vehicle deliveries were saggeddown 14% in the second quarter compared to the previous year. It was the second consecutive quarter of the fall in deliveries, while Tesla faces damage to its brand, but also in growing competition, including manufacturers of Chinese electric vehicles.

Musk tried to keep the shareholders satisfied with developments on other fronts, in particular trying to launch An emerging robotaxi service In Austin, Texas, although this service is small and still uses human security observers in vehicles. Musk has also demonstrated humanoid assistants as a potential future Tesla product, but none have been shipped. Monday, Tesla opened its doors a dinner and a drive-in in West Hollywood, California.

Musk companies are also increasingly linked. He merged Its application of social media, X, with its AI startup, XAI, in March, and its rocket company, SpaceX, is An investor in XAI. This month, Tesla started integration XAI Chatbot, Grok, in Tesla vehicles, a few days after the Grok fact Neo-Nazi tirades. Musk said that while he Do not support merging Tesla and Xai, he will put a Tesla potential investment in the company for a Shareholders’ vote.

Wall Street analysts expected Tesla income of $ 22.74 billion and a profit per share of 43 cents, according to an average estimates compiled by LSEG.

Tesla leaders, including Musk, should hold a conference call with analysts at 5.30 p.m. to discuss financial results and their prospects.

Musk is deeply unpopular to the American public, 58% having an unfavorable vision of him and 33% have a favorable vision, according to an average of the poll managed by Statistics writer Nate Silver.

And other protests are on the horizon. Tesla Takedown’s demonstrations continue to occur every week, and more than 30 “Tesla Takedown” events are scheduled for this weekend, according to a Public event schedule. A demonstration is Scheduled for Saturday At Tesla dinner newly open.