Tesla shares lose $88 billion in a single day after disappointing results

Tesla shares fell more than 8% on Thursday, losing $88 billion in a single day after announcing disappointing results for investors.

The company revealed that its automotive revenue reached $16.7 billion in the second quarter, down from $19.9 billion in the same quarter last year.

Tesla’s total revenue also fell 12% year-over-year to $22.5 billion in the second quarter of 2025, falling below the average forecast of $22.7 billion.

Tesla’s sales decline this year is partly attributed to a backlash against the company in the United States and Europe, after CEO Elon Musk spent heavily to help re-elect President Donald Trump.