RT Yun-Ta Tsai (@YunTaTsai1)Your votes decide the future of autonomy and sustainable abundance. ...

❤️Arash (@MinimalDuck):I took my friend Roger for a @robotaxi ride. Roger is vision-impaired and unable to drive. His story highlights the importance of autonomy and the future of mobility for all. @Tesla @elonmusk @Tesla_AI https://t.co/hprC0G7kF0 ...

🚨 Tesla Chair Robyn Denholm breaks down Elon Musk’s proposed 2025 pay package, why retaining him matters, AI + autonomy goals, voting control, and even succession planning.Here's her full interview:00:00 Tesla’s Long-Term Goals01:33 Musk’s Compensation04:21 Elon & Politics08:31 Voting & Leadership12:33 Succession Planning18:42 Safety & Wrap-Up$TSLA @technology @EdLudlow ...

The autonomy of the Federal Reserve is being tested for the first time in decades, leading to “significant” risks for markets and the economy, according to ECB Governing Council member Olli Rehn https://t.co/2NliMDifKz ...

RT Ian N (@i_neu)I thought some of you might appreciate this quick reference card next time someone says "Elon has been promising autonomy for years!"Uh huh? So have the others.This list is based on public claims from each company. Speculation was ignored.This was a harder problem than ANYONE realized.And who's delivering now?Don't bet against Elon.@robotaxi 🦾$TSLA ❤️ ...

Market Trend & Future Expectation - Electric cars upgradable to autonomy are financially sound investments [1] - Internal combustion engine vehicles will depreciate in resale value over time [1] - Traditional vehicles are becoming obsolete compared to electric vehicles [1]

Financial Data and Key Metrics Changes - The company reported consolidated sales of $2.7 billion for Q2 2025, a decrease of $115 million or 4% from the same quarter last year, primarily due to lower sales volume in the Access and Transport segments [18] - Adjusted operating income was $313 million, down slightly from the prior year, with an adjusted operating income margin of 11.5%, consistent with the prior year despite lower sales [18][19] - Adjusted earnings per share (EPS) was $3.41, an increase of 2.1% over the prior year [7][19] - Free cash flow for the quarter was $49 million, significantly higher than the net use of cash of $251 million in the previous year [19] Business Segment Data and Key Metrics Changes - The Access segment delivered resilient adjusted operating income margins of 14.8% on sales of $1.26 billion, despite a sales decline of $151 million compared to last year [19] - The Vocational segment achieved an adjusted operating income margin of 16.3% on $970 million of sales, reflecting a 220 basis point increase from last year due to improved price-cost dynamics [20] - The Transport segment improved its operating income margin to 3.7% from 2.1% last year, despite a revenue decrease of $93 million to $479 million [20] Market Data and Key Metrics Changes - Market conditions for access equipment in North America were in line with expectations, with sales volume in Europe experiencing a decline [19][20] - The company noted a return to normative levels in the book-to-bill ratio, indicating a stable demand environment [45] Company Strategy and Development Direction - The company aims for a compound annual revenue growth rate of 7% to 10% and transformative margin expansion of 200 to 400 basis points by 2028 [10] - The strategy focuses on accelerated innovation in autonomy, electrification, and intelligent connected products, supported by favorable long-term trends [6][10] - The company signed a three-year sole source contract for the FMTV program with the Department of Defense, which is expected to yield favorable returns [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in offsetting tariff impacts through mitigation strategies and local production initiatives [39] - The company anticipates a more limited impact from tariffs compared to previous quarters, projecting adjusted EPS for the year to be in the range of $11 per share on revenues of approximately $10.6 billion [22] - Management highlighted strong demand in infrastructure and data center projects, which are expected to drive future growth [47][48] Other Important Information - The company has increased its outlook for free cash flow from a range of $300 million to $400 million to a range of $400 million to $500 million, reflecting recent tax changes and improved operating performance [22] - Share repurchases for the year are expected to increase significantly, with nearly $70 million repurchased year-to-date [19][77] Q&A Session Summary Question: Access segment margin expectations for the second half - Management indicated that the second half results would be influenced by seasonality and expected cost impacts from tariffs, particularly in Q4 [28][30] Question: Clarification on tariff impacts - Management acknowledged ongoing tariff headwinds but expressed confidence in their mitigation strategies and local production advantages [39] Question: Expectations for Access revenues and margins - Management expects Access revenues to return to normal seasonality, with a strong third quarter followed by a dip in the fourth quarter [86] Question: Vocational segment performance - Management confirmed that the strong performance in the fire segment is expected to continue, with ongoing investments in capacity [68] Question: Capital allocation and share buybacks - Management outlined a framework prioritizing maintaining a strong balance sheet, organic growth, and share repurchases, even at current stock price levels [98]

Core Business Performance - Tesla reported a decline in revenue by 12% to $22.5 billion and adjusted net income decreased by 23% to $1.39 billion, or $0.40 per share [1][2] - Automotive revenue fell by 16%, with significant sales drops in Europe and increased competition from affordable Chinese EVs [3] New Initiatives - CEO Elon Musk announced the production ramp-up of a more affordable model, referred to as the Tesla Model 2, which began in June [5][6] - The introduction of a lower-priced model may cannibalize sales of Tesla's more expensive vehicles, as customers might choose between the two rather than opting for competitors [7] Robotaxi Network - The robotaxi initiative is seen as a key factor for maintaining Tesla's premium valuation, despite current sales and profit declines [8] - Management reported that robotaxis in Austin have accumulated over 7,000 miles with no significant safety interventions, with plans to launch in the San Francisco Bay Area next [8] Future Growth Challenges - Tesla needs to return to growth in EV sales for long-term stock success, as current investor optimism is largely based on future initiatives rather than present performance [9] - The decline in EV sales is attributed to a backlash against Tesla's brand, compounded by the elimination of the EV tax credit and changes in federal policies [10] - The company faces a $300 million impact from tariffs, which may further hinder growth [10] Valuation Concerns - Current stock valuation leaves little room for upside, especially given ongoing challenges in EV sales [11] - While the introduction of a more affordable vehicle is a positive step, it may primarily undercut demand for Tesla's higher-priced models rather than effectively competing with other brands [11]

Strategy & Competition - Tesla needs to excel in both autonomy and electrification to succeed [1] - Tesla must create a product so compelling that customers are willing to pay a premium compared to existing competitors [1] - This is a very big deal for Tesla's future [1]

Strategy & Competition - The company must achieve success in both autonomy and electrification to gain a competitive edge [1] - The product needs to be compelling enough to justify a premium price compared to existing competitors [1] Product Development - Winning in autonomy and electrification is crucial for the company's success [1]