Tesla(US:TSLA) Ge Long Hui·2025-07-23 14:46Core Viewpoint - Tesla is expected to report disappointing Q2 earnings due to declining delivery volumes, price wars, and policy changes, with a focus on Elon Musk's statements during the earnings call [7][15]. Financial Performance - Tesla's Q2 revenue is projected to be $22.83 billion, a year-over-year decrease of 10.46% [7]. - Adjusted net profit is expected to be $1.533 billion, down 15.38% year-over-year, with earnings per share estimated at $0.43, a decline of 17.46% [7]. - In Q1, Tesla reported revenue of $19.3 billion, a 9% year-over-year decline, and a net profit of $409 million, down 65% year-over-year [8]. Delivery and Sales Data - In the first half of the year, Tesla delivered 720,803 vehicles, a decrease of 13.3% year-over-year [9]. - Q2 deliveries were 384,100 vehicles, marking a 13.5% year-over-year decline, the largest quarterly drop in Tesla's history [9]. - U.S. sales in Q2 were approximately 151,000 vehicles, down 9% year-over-year, while European sales fell for five consecutive months, with May showing a 27.9% decline [10]. Market Context - Tesla's current market capitalization stands at $1.07 trillion [4]. - Year-to-date, Tesla's stock has decreased by nearly 18%, making it the worst performer among the seven major tech companies [3][4]. Strategic Focus - The market is closely watching Tesla's core automotive business, the future of Robotaxi, and the prospects for affordable electric vehicles [15]. - Musk's recent commitment to working intensively to restore market confidence is seen as a potential signal for recovery [13][15]. Analyst Sentiment - Despite the challenges, some analysts maintain a positive outlook, with Bank of America upgrading its target price to $341 and Wedbush reiterating a bullish rating with a $500 target [18].