Why Tesla's Troubles Don't End With Elon Musk
Forbes Topline
Forbes
4.8 • 6 Ratings
🗓️ 10 July 2025
⏱️ 21 minutes
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| 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. |
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