Tesla shares are falling after CEO Elon Musk warned of “a few rough quarters” as the company shifts focus to offering a self-driving taxi service.

Tesla reported second-quarter results after Wednesday's closing bell, unveiling profits and sales in line with Wall Street expectations. Losses mounted for the stock, however, as the company's call with analysts sowed more doubts than offered answers about Tesla's prospects and Chief Executive Elon Musk said he could see potential for "a few rough quarters" ahead.

Elon Musk reacts to Waymo robotaxi video, reigniting LiDAR vs camera autonomous driving debate as Tesla faces scrutiny over FSD.

Tesla shares tumbled in extended trading Wednesday after the EV maker's quarterly results fell short of Wall Street’s expectations and CEO Elon Musk warned of a "few rough quarters" ahead. Monitor these key chart levels.

Elon Musk’s pitch to investors is the EV unit sales are not the primary way to measure Tesla’s (NASDAQ: TSLA) future success. The reason to own Tesla’s stock is that it will dominate the autonomous driving sector,