Elon Musk is set to report Tesla’s second-quarter results, with an expected earnings per share of 43 cents and revenue of $22.74 billion. Tesla’s revenue is projected to drop 11% from the previous year due to decreased deliveries, which have faced competition from other automakers. Musk’s political involvement has also impacted Tesla’s market share negatively.

Tesla has delayed the production of a more affordable “model 2” EV while other automakers offer a wider range of electric vehicles. Tesla shares are down 17% for the year, with Musk focusing on the company’s future in robotaxis and humanoid robots. Tesla faces competition in the robotics industry from various developers.

Musk envisions Tesla’s future with robotaxis and humanoid Optimus robots, which he believes will revolutionize transportation and service industries. Tesla has begun testing a robotaxi service in Austin, Texas, but faces scrutiny from the National Highway Traffic Safety Administration for reported incidents. Shareholders are optimistic about Tesla’s robotaxi narrative despite weak fundamentals.

Tesla’s earnings report will be the first since Musk left the Trump administration and criticized the president publicly. Musk has promised to start a new political party in the U.S. called The America Party. Shareholders and analysts are eager for updates on Tesla’s robotaxi tests, self-driving ambitions, and plans for a more affordable EV model during the earnings call.

Read more at CNBC: Tesla (TSLA) Q2 2025 earnings report