Tesla reported Wednesday that both revenue and profits fell in the second quarter of 2025 compared to a year earlier.

Tesla said Wednesday that it has begun production of "a more affordable model." Why it matters: The automaker has long promised a cheaper EV, but has said little about it recently, fueling speculation that CEO Elon Musk had lost interest. Catch up after the closing bell on the day's biggest business stories. With Hope King and Nathan Bomey.

Tesla on Wednesday reported a drop in its profit during the second quarter, as the electric vehicle maker continues to struggle despite CEO Elon Musk's pivot back to focusing on his companies after his controversial role leading the Trump administration's government cost cutting efforts.

With a net worth over $400 billion, if Elon Musk went car shopping, how many of his trademark electric cars could he drive home? Let's find out.

Protesters are planning to demonstrate outside the newly opened diner, highlighting Musk’s cuts to humanitarian aid. Tesla just opened a retro diner in Los Angeles, so it was only a matter of time before anti-Elon Musk protesters caught wind.

Tesla Inc.’s core car-making business is facing a deteriorating outlook, providing a major test of Chief Executive Officer Elon Musk’s ability to lift the stock price with his vision

The Tesla diner and drive-in had a surprise opening on Monday, serving a mix of milkshakes and charging stations

A dynamic is emerging among Elon Musk’s Tesla, SpaceX, and xAI, fueling talk of consolidation. That isn’t necessarily a problem for Tesla shareholders.

The Miami case holds other dangers, too. Lawyers for the family of the dead woman, Naibel Benavides Leon, recently convinced the judge overseeing the jury trial to allow them to argue for punitive damages. A car crash lawyer not involved in the case, but closely following it, said that could cost Tesla tens of millions of dollars, or possibly more.