Morgan Stanley says Tesla remains a top pick following the company’s earnings report on Wednesday. The electric vehicle maker reported a top and bottom line miss on second-quarter results, with automotive revenue falling 16% year-on-year to $16.7 billion.

Tesla is out with its Q2 2025 earnings results, and the stock is moving in after-hours trading. The EV maker reported earnings-per-share of $0.27/share and revenues of $19.335 billion, missing analysts' EPS expectation of $0.39/share and estimated revenue of $21.11 billion.