Overview

• The electric-vehicle maker expects its biggest quarterly revenue drop since 2012 after global deliveries fell 13.5% to 384,122 units in Q2
• Tesla doubled the geofenced area for its limited robotaxi fleet in Austin in mid-July to accelerate real-world testing of its self-driving platform
• Elon Musk announced a forthcoming “step change improvement” in Full Self-Driving by integrating enhancements from the Austin robotaxis into all production vehicles
• The long-promised $30,000 entry-level EV has not been confirmed for the first half of 2025, indicating delays to Tesla’s affordable model strategy
• California registrations declined for a seventh straight quarter, with Q2 sales down 21% year over year and market share sliding below 46%