Tesla's quarterly revenue saw the largest decline in at least ten years, but its gross profit margin still exceeds the average expectation.

Tesla's quarterly financial report fell short of Wall Street expectations, marking one of the worst quarterly performances in recent years, indicating the increasing market competition and the impact of public pressure on CEO Musk. Tesla stated on Wednesday that adjusted earnings per share were 40 cents, slightly below analysts' average expectations. Revenue decreased by 12% to $22.5 billion, the largest decline in at least a decade. However, the financial report did not reveal any new major negative news, as the company stated that it is still advancing its plans for self-driving rental cars and affordable models, slightly alleviating investor concerns. Tesla stated that the macroeconomic environment continues to face uncertainty, mainly due to tariff adjustments, political factors, and changes in fiscal policy.