Tesla General Director Elon Musk insisted that the Robotaxis would save the motorist in difficulty after posting the worst sales in a decade – but investors were not buying it, sending its shares to 10% on Thursday.
Musk predicted that autonomous cabins – wrapped in Austin, Texas, earlier this month – will attract the pioneer manufacturer of electric vehicles from his function until next summer after reporting that he had sales diving in the second trimester.
“Once you have reached autonomy on the scale in the second half of next year, I will be surprised if the economy of Tesla Inc. is not very convincing,” Musk said in a profit call Wednesday.
Musk said the robotaxi service will soon expand to San Francisco. Other expansion -eye markets include Nevada, Florida and Arizona.
“We will surely have autonomous greetings in about half of the US population by the end of (2026),” said the richest person in the world. “This is at least our goal, subject to regulatory approval.”
Musk also told Tesla’s humanoid optimous robots as essential for the company’s future.
Analyst Wedbush Dan Iva struck a ton of bullish in his marking for clients despite the poor sales of Tesla.
“As we have discussed, there are still heads, tariffs and clear growth challenges for Tesla over the next 3-6 months … But Musk now enters the figure as a war-time CEO to put TSLA in an aggressive strategy focused on it, represents the biggest and best possible news for Tesla investors,” Iva said.
The company reported that car sales revenues fell 16% to $ 16.7 billion in the second quarter versus a year ago – its second direct quarter of declining sales.
It also lost the quarterly Wall Street assessments for share revenue and overall income.
The drivers blamed the fees, as well as the next end of federal electric vehicle tax loans-reported to ignite Musk’s public with President Trump-as a major factor in sales.
However, Trump seemed to put an olive branch on his former “buddy” on Thursday, denying reports that wanted to “destroy Elon’s companies” by removing his federal subsidies.
“I want Elon, and all businesses within our country, to flourish,” Trump wrote about social truth.
“The better they do, the better the US does, and that is good for all of us.”
Tesla’s shares submitted some of its early losses, closing 8.2%, to $ 305.30 per share.
Trump -backed great bill eliminated tax loans of $ 7,500 that have strengthened Tesla sales step for customers.
Loss of tax loans is just part of the problem for Tesla. Analysts have quoted the growing competition in Europe and China by Chinese automobiles byd and other rivals, as well as the tesla aging cars and brand damage caused by Musk’s work with the government efficiency department.
“We may have some rough neighborhoods,” Musk admitted while calling the company’s profits. “I am not saying we will, but we beat.”
Musk said the negative trend can extend to “Q4, Q1, probably Q2”, or at the end of this year and the first half of 2026 – before it is improved in the second half of next year.
In the results of the second quarter issued Wednesday, the company reported a 40 -censive revenue per share, less than 43 cents expected by analysts. Overall income came to $ 22.50 billion, or less than a $ 22.74 billion expected.
Last month, Tesla said she was expecting a 14% decrease from year to year in vehicle shipments to 384,000 for the second quarter. Submission are seen as a close -up representative for sales.
As Musk has pledged to spend more time in Tesla since leaving DOGE, there are signs that he will remain involved in politics.
Tesla’s boss has pledged to form a “American party” after stating that either Democrats and Republicans are not meeting the needs of the public.
#Tesla #Stock #sinks #Elon #Musk #warns #Company #face #rough #neighborhoods
Image Source : nypost.com