Tesla(US:TSLA) Mei Ri Jing Ji Xin Wen·2025-07-28 09:10Core Viewpoint - Tesla is facing significant challenges in its automotive business, with a notable decline in revenue and profit, while simultaneously pushing forward with new product developments, including a budget version of the Model Y and advancements in autonomous driving and robotics [1][4]. Group 1: Financial Performance - In Q2, Tesla reported revenue of approximately $22.496 billion, a year-on-year decline of 12%, marking the largest drop in at least a decade [4]. - The net profit for Q2 was $1.172 billion, down 20.7% year-on-year [4]. - Elon Musk indicated that Tesla may experience several "difficult quarters" ahead due to these financial pressures [4]. Group 2: New Product Developments - Tesla is set to launch a new version of the Model Y, referred to as the "budget model," with initial production starting in June and mass production expected in the second half of the year [3]. - The new Model Y will feature a simplified interior, lacking a dashboard and panoramic roof, and will have design elements similar to the Model 3 [2][3]. - The company is focusing on its autonomous driving and robotics sectors as new growth areas, with plans for a Robotaxi service and the introduction of a third-generation robot by 2025 [3][4]. Group 3: Strategic Challenges - Tesla is currently facing challenges due to an aging product line and declining global sales, particularly in California, where sales have shrunk for seven consecutive quarters [4]. - The company is investing over $9 billion this year primarily in AI, robotics technology, and manufacturing capacity expansion [4]. - Tesla's engineering vice president stated that the company is at a critical strategic juncture, emphasizing the importance of bold decision-making despite the associated risks [4].