Overview

• Tesla’s Q2 revenue fell 12% to $22.5 billion while profit dropped 16% to $1.17 billion and deliveries slid 13.5% year-over-year.
• A small-scale robotaxi pilot has been operating in downtown Austin since June with a handful of Model Y vehicles supervised by safety drivers.
• Elon Musk announced a new “Masterplan” focused on autonomous driving and pledged robotaxi rides for half of US residents by the end of 2025.
• No state-by-state applications for autonomous operation have been submitted, prompting skepticism from analysts about the timeline.
• CFO Vaibhav Taneja warned that constrained production may leave Tesla short of meeting demand ahead of the $7,500 federal EV tax credit expiration in September.