Tesla stock came under pressure Thursday after it posted an earnings and revenue miss in the second quarter and CEO Elon Musk hinted at a "few rough quarters" amid mounting challenges for the automaker.

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

Tesla earnings call is highlighting FSD and robotaxi progress and some regulatory delays in Europe and China. They expect to get past those delays shortly.

Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones. Companies had a lower bar to clear coming into the quarter,

Live Updates Live Coverage Updates appear automatically as they are published. Tesla's Segment Revenue Heading Into Q2 1:17 pm Tesla’s growth narrative hinges on more than just car sales. This table shows how each business line contributes to revenue and margin — giving investors a clearer view of the company’s diversification and profitability mix.

Tesla reported a major stumble in Q2, which has its investors fretting over the future. Sales tanked 12% year-over-year to $22.5 billion, while net income slid 16% to $1.17 billion. On top of that, adjusted EPS dropped 23% to just 40 cents, underscoring soft momentum that’s been weighed down by waning EV demand.

Tesla reported a slight earnings and revenue miss in the second quarter, but said its 'more affordable' model was still slated for production in the second half of 2025.

Tesla's earnings are due today with an investor call at 5:30 p.m. ET. Elon Musk's politics have rocked TSLA stock, with shares down 18% YTD.