meta_pixel
Tapesearch Logo
Log in
Forbes Talks

Why Tesla's Troubles Don't End With Elon Musk

Forbes Talks

Forbes Media LLC

Business News, Forbes, Business, News, Economics, Entrepreneurship, Politics, Policy, Breaking News

54 Ratings

🗓️ 10 July 2025

⏱️ 21 minutes

🧾️ Download transcript

Summary

In a candid conversation, Forbes Breaking News reporter Brittany Lewis and Senior Editor Alan Ohnsman delve into the pressing challenges facing Tesla. They dissect the dramatic decline in vehicle deliveries and the struggling core business of electric vehicles, batteries, and charging services. The discussion also highlights the impact of Elon Musk's brand damage and political pursuits on the company's European and North American markets. Ohnsman further explains how the expiration of federal incentives will severely impact Tesla's sales in the coming quarters, painting a bleak picture for the future of the EV giant's primary revenue streams.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi everybody. I'm Brittany Lewis, a breaking news reporter here at Forbes.

0:06.7

Joining me now is Alan Oansman, senior editor and author of the current climate newsletter.

0:11.2

Alan, thanks so much for joining me.

0:13.2

Hi, Brittany. Great to be with you.

0:15.5

Numbers from Tesla's second quarter are historic, but not in the way a company would like. Tesla saw its

0:22.4

biggest ever year-over-year decline in vehicle deliveries. So now as we sit here at the beginning of

0:27.8

Q3, what problems does the company face? Well, unfortunately, it's more of the same. We saw this

0:36.9

in Q1 and the problems continued in Q2.

0:40.3

Its core business is selling electric vehicles,

0:44.3

selling charging services, and selling batteries.

0:49.3

And we don't know all the details for charging services and battery sales yet, but the biggest chunk

0:56.8

of Tesla's revenue, electric vehicles, down a lot, about 13.5% in the quarter, just dramatic

1:04.6

declines, especially in Europe. They were down in China. They were down in North America.

1:09.2

And this comes after a rough Q1.

1:12.2

There was some hope that a refreshed version of the Model Y was going to help boost sales a little bit in Q2.

1:20.4

That did not materialize.

1:22.5

Cybertruck, the newest product, the sales are small enough that Tesla doesn't even bother to break them out.

1:29.4

It's lumped together with Model S and Model Y in this kind of other product segment,

1:35.8

and that segment was way down. So, you know, Cybertruck has not delivered anywhere close

1:42.4

to the types of numbers. Musk was promising a couple of years ago.

1:46.0

So it was a pretty rough quarter.

1:47.9

We'll know in a couple weeks when they do earnings what those other business areas looked like.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Forbes Media LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Forbes Media LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.