Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to be with you on this Thursday, July 24th. I'm Julie Morgan.

Tesla promises more cars and fewer drivers, but investors aren't buying it.

Chipotle sinks as fewer customers bite and White House pressure

builds with a visit to the Fed. Tesla is down 6% in pre-market action. The company reported

second quarter results that were not as bad as Wall Street feared. It avoided a second consecutive

top and bottom line miss with profits in line

with expectations. Tesla executives, including CEO Elon Musk and the CFO, assured investors that the

company has ambitious plans. Those plans include Robotaxy, full self-driving, and a more affordable

electric vehicle.

Tesla plans to deliver on this despite regulatory headwinds, production challenges, and

negative impacts from both tariffs and provisions within the Big Beautiful Bill.

Because of the company's focus on the Robotaxy rollout in Austin last month production release of autopilot

is several months behind. Following the launch in Austin, Tesla is also seeking regulatory approval

for Robotaxies in the San Francisco Bay Area, Nevada, and Florida. The CEO predicted that

robotaxies will be available to half the U.S. population by the end of the year.

Tesla's goal of a more affordable EV will be achieved later this year as the company seeks to maximize

production by the third quarter for delivery in Q4. Elon Musk said losing EV incentives could result in a few rough quarters,

but the goal of the company remains to make the most affordable car it can.

Tesla is also our top story in the Wall Street Breakfast newsletter, our daily one-page

new summary.

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