Tesla’s battery business has been feeling the pain, too. For a while, this was a growth area for the company, albeit one with a relatively minor contribution to the bottom line. During Q2 2025, Tesla’s energy generation and storage division brought in $2.8 billion in revenue, a 7 percent decline from the same period in 2024.

ET with analyst reactions Shares of Tesla (NASDAQ:TSLA) are straddling the flatline in postmarket trading as the company’s second quarter results were not as bad as Wall Street expected and avoided a second consecutive top- and bottom-line miss with profits in-line with expectations.

After soaring in 2023 and 2024, shares of Tesla (NASDAQ:TSLA) were battered throughout Q1 2025. And while the stock performed marginally better in Q2, the largest U.S. EV-maker slid into Q3. However,

Production of its other models amounted to 13,409 units in total, a 44.7 percent drop compared to the same three months last year, but the total production numbers for Q2 2024 (410,831) and Q2 2025 (410,244) are almost identical.

Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.

Tesla’s Q2 sales decline is its worst this decade, but there is one bright spot. The company's energy storage business is quietly booming.

Tesla will release its second quarter earnings on its website after U.S. markets close on Wednesday at 4:00 p.m. ET (2000 GMT). Company executives, including Musk, will hold a live Q&A webcast at 5:30 p.m. ET (2130 GMT). The automaker has invited retail investors to submit and upvote questions online.

A new accounting rule this year lets companies mark crypto assets to market, benefiting Tesla’s balance sheet.