Tesla shares took a hit Thursday after the company reported a 16% decline in automotive sales and a 12% decline in total revenue for the second quarter compared with one year ago.

Shares of the EV maker fell after earnings. Some analysts are skeptical of Tesla’s ability to meet its robo-taxi timelines, cost targets and scale.

Tesla revenue slipped 12% year over year in the second quarter of 2025, the company's July 23 earnings release showed. The Elon Musk-helmed electric car manufacturer took in $22.5 billion in revenue,

Elon Musk's electric-vehicle maker reported a 12% drop in quarterly revenue, and a steeper decline in net income. + Musk highlighted plans to release a lower-priced Model Y electric vehicle, spoke about his hopes for a new pay package and talked up plans to roll out Tesla robotaxis more widely.

Gordon Johnson, CEO and founder of data firm GLJ Research, who is bearish on Tesla, said the boost in revenue from government credits afforded the company a financial lifeline eve