Tesla Is No Longer The Market Darling It Once Was

  • Tesla's Q2 2025 was disastrous: revenue, deliveries, and profits all plunged, with margins collapsing and regulatory credit sales vanishing. The core automotive business is in decline, with price cuts failing to spark demand and cash flow nearly evaporating despite a large cash pile. Energy and charging segments showed some growth, but these bright spots are too small to offset the auto business's severe weakness.