Tesla’s earnings hit a new low, with largest revenue drop in years

Tesla released its second quarter financial earnings today, offering the latest evidence of the damage Elon Musk’s political activities have done to his flagship company.

Tesla said it earned $1.17 billion in net income on $22.5 billion in revenue. That’s above Wall Street expectations of $22.3 billion but represents a 12 percent decrease year over year compared to $25.5 billion in revenue in Q2 2024.

The company’s profits also slid dramatically, logging a 16 percent decrease in...