The company was found partially liable.

Tesla wants to bring its robotaxi service to new markets, including cities in Florida, Nevada, Arizona, and California, Elon Musk said in an earnings call Wednesday. The company is testing its Full Self-Driving (Supervised) feature in Europe and China, and hopes the launch the controversial product in the near future. And it is plotting a new version of its Optimus humanoid robot.

"We have done what we said we were going to do," Musk said. "That doesn't mean we're always on time, but we get it done. And our naysayers are sitting there with egg on their face."

It was another sign that Musk wasn't going to let the limitations of his compan …

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Tesla released its second quarter financial earnings today, offering the latest evidence of the damage Elon Musk’s political activities have done to his flagship company.

Tesla said it earned $1.17 billion in net income on $22.5 billion in revenue. That’s above Wall Street expectations of $22.3 billion but represents a 12 percent decrease year over year compared to $25.5 billion in revenue in Q2 2024.

The company’s profits also slid dramatically, logging a 16 percent decrease in net income for the second quarter year over year. And Tesla’s automotive revenue — the money it earns from car sales — slid 16.6 percent year over year, from $19.9 billion in Q2 2024 to $16.6 billion in this most recent quarter. The sale of $439 million in regulatory credits once again buoyed Tesla’s finances — though those are expected to dry up soon after congressional Republicans approved President Donald Trump’s plan to zero out fines for automakers who exceed fuel-efficiency targets.

The company’s profits also slid dramatically, logging a 16 percent decrease in net income for the second quarter year over year.

The earnings comes on the heels of another terrible quarterly sales report for the company. Tesla said it delivered a total of 384,122 vehicles, a 14 percent decline compared to Q2 2024. (For a direct-to-consumer company like Tesla, deliveries are a proxy for sales.)

Tesla said its operating income decreased 42 percent year over year to less than $1 billion, with almost half coming from the sale of regulatory credits to other automakers (again, revenue that is expected to almost vanish in the months to come). Tesla’s cash pile decreased by $200 million in Q2 to $36.8 billion, and free cash flow (or the amount of cash the company has generated after accounting for its day-to-day operating expenses and capital expenditures) was at just $100 million. Some analysts predict that Tesla’s free-cash flow could actually turn negative later this year, which could trigger a steep drop in share price.

In its report, Tesla said it has completed “first builds of a more affordable model in June, with volume production planned for the second half of 2025.” These affordable models are expected to be stripped down versions of the Model 3 and Model Y, rather than a new vehicle program altogether, which is what many investors had hoped for. The company said it also is continuing to develop both the Tesla Semi and Cybercab, which are expected to enter volume production in 2026.

Tesla also gestured at the economic uncertainty caused by the Trump administration’s trade war, as well as “political sentiment” that has turned its brand toxic for many customers. That said, the company failed to mention politics or Musk’s growing unpopularity in its reasons for the drop in revenue, instead citing falling sales, lower regulatory credit revenue, a reduced average vehicle selling price, and decline in energy generation and storage revenue.

After years of exponential growth, the sudden reversal in Tesla’s fortune has left many investors and supporters with whiplash. Tesla now serves as a sobering example of what happens when a company is left on autopilot (or Autopilot, as it were) while its high-profile CEO gets distracted by questionable side quests.

After years of exponential growth, the sudden reversal in Tesla’s fortune has left many investors and supporters with whiplash.

Musk publicly stepped away from his controversial position as the head of DOGE, the Trump administration’s effort to slash “waste, fraud, and abuse” from the federal government that has mostly resulted in huge cuts to global humanitarian aid and the firing of thousands of federal workers. But even though he is now publicly feuding with Trump, Musk hasn’t completely backed away from his political activities. Earlier this month, he said he would create a new political party called “the America Party,” following through on his threat to challenge Republicans who supported Trump’s budget bill.

As Musk slides deeper into politics, investors have urged him to stay focused on Tesla and its costly — and questionable — project to build more self-driving cars and humanoid robots. The company rolled out its first robotaxi service in Austin, Texas, last month — although the service fell short of Musk’s earlier predictions. The vehicles were only available to a group of pro-Tesla influencers, and each car came with a safety monitor in the passenger seat who had access to a kill switch.

While Musk would like investors to focus on Tesla’s work with AI and self-driving cars, the company is still in the business of making and selling cars. But as competition heats up in China and Europe, here in the US, federal incentives that lower the price of most EVs are scheduled to disappear by the end of September — again, thanks to Trump’s bill. After that happens, Tesla’s sales are predicted to drop even more.

Tesla’s response to its demand crisis has been — you guessed it — deals, deals, and more deals. In recent days, the automaker has rolled out a series of discounts and financing incentives on all of its models, as it seeks to capitalize on what is likely to be its last best chance at a successful sales quarter this fall.

By promising to pay for AI failures, the Chinese EV giant is challenging Tesla's "use at your own risk" model.

Over the years, Tesla has built part of its reputation on hosting big, bold events to generate authentic hype for upcoming releases. The robotaxi launch in Austin, Texas, last week wasn't one of them.

Coverage of the rollout was dominated by a close-knit cohort of Tesla influencers and Elon Musk superfans, many of whom are openly supportive of the CEO's vision. Journalists and tech bloggers who might have been more critical of the technology were not only excluded but also actively ridiculed and mocked by Tesla fans and some of their followers for attempting to ask basic questions about the service. In Austin and online, Tesla fans were taking a cue from Musk, who has spent years fomenting a culture of resentment toward critical media.

One of the more prominent influencers, who goes by Zack on X, claimed he was approached multiple times by a Reuters journalist, whom he promptly ignored. That post, which has over 2,000 likes, received supportive responses from other users - one wrote that the publication and other legacy media outlets "can go F themselves." Another said they would unfollow any account that simply responded to members of the media.

"The …

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This might be a bigger deal than the robotaxis.

Tesla said it completed its first fully autonomous vehicle delivery from factory to customer. A video posted on X shows the vehicle — a Tesla Model Y — leaving the company’s Austin Gigafactory, driving on the highway, passing through suburban sprawl and residential neighborhoods, before arriving at a customer’s apartment building.

Tesla CEO Elon Musk had promised the first fully autonomous delivery would take place on June 28th. But on Friday, he announced that the milestone had been achieved a day early.

“There were no people in the car at all and no remote operators in control at any point. FULLY autonomous!” Musk wrote on X. “To the best of our knowledge, this is the first fully autonomous drive with no people in the car or remotely operating the car on a public highway.”

That last part isn’t accurate. Waymo has been operating fully driverless vehicles with passengers on the highway for over a year. The vehicles, which are driving on freeways in Phoenix, San Francisco, and Los Angeles, are only available to employees of the company, with the goal of opening them up to the public at a later date.

But Tesla’s achievement is still notable, especially when you consider the rocky rollout of the company’s robotaxi service. The robotaxis launched with safety monitors in the passenger seat with access to a kill switch, and within a few days, the vehicles were recorded committing several safety lapses, including driving over the double-yellow line into the opposite lane of traffic and hard braking in the middle of the road for no apparent reason.

By proving it can operate fully autonomous vehicles on highways without a safety monitor present in the vehicle, Tesla is able to demonstrate that its Full Self-Driving system is getting closer to Musk’s promise of “unsupervised” driving. The robotaxis aren’t quite there yet, still requiring safety monitors and remote supervisors. That leaves Tesla in limbo between confidence that its technology can handle the driving without anyone in the vehicle, but less confident when there’s a human being riding inside.

Update, June 28th: Added Tesla’s 30-minute “long version” of the trip.

In a 30-minute video, Tesla claims a Model Y drove itself from the factory to a customer’s home. But online, not everyone is convinced.

A new 30-minute video shows a Model Y driving itself from the factory to a customer’s home.

Waymo said it recently received its last delivery of Jaguar I-Pace SUVs, which will be retrofitted with sensors and autonomous driving technology at its factory in Arizona, before joining its robotaxi fleet.

In a blog post published today, the Alphabet company said it currently has 1,500 Jaguars operating across its four main markets: San Francisco, Los Angeles, Phoenix, and Austin. And it plans on adding 2,000 more vehicles into 2026, for a total fleet size of 3,500. The company recently hit an average of 250,000 paid passenger trips per week.

Waymo typically doesn’t like to comment on the size of its fleet, so today’s announcement provides a rare glimpse into the number of robotaxis the company currently has in operation. Waymo’s plans to scale up comes as the company eyes Atlanta, Miami, and Washington, DC for launch in 2026.

The Jaguar I-Pace has been the company’s primary vehicle since Waymo retired its fleet of Chrysler Pacifica minivans in 2023. The company had once projected it would have 20,000 I-Paces operating as robotaxis, but appears to have fallen significantly short of that goal. Waymo is also currently testing and validating two new models, the Hyundai Ioniq 5 and the all-electric Zeekr RT minivan, but has yet to say when they will join the fleet.

Waymo assembles its robotaxis with the help of auto engineering company Magna International at a 239,000 square-foot factory in Mesa, Arizona. The company’s final batch of Jaguar I-Paces will be assembled there, which should carry Waymo through to next year. And starting in 2026, Waymo will begin work on its sixth generation “Waymo Driver,” which will launch in the Zeekr RT. Zeekr is a subsidiary of Geely, which is one of China’s largest automakers.

The new robotaxi is being designed in Sweden (where Geely owns Swedish carmaker Volvo), adapted from Geely’s all-electric five-door Zeekr. Waymo is then importing the vehicles to Arizona, where they will be outfitted with the hardware and software necessary for autonomous driving. The first test vehicles began arriving in the US last year.

In order to adapt to multiple vehicle platforms, Waymo says its Mesa factory will add automated assembly lines and “other efficiencies” over time. And when it’s operating at full capacity, the company expects it will be able to churn out “tens of thousands” of robotaxis each year. Waymo added new processes at the end of the assembly line for passenger validation and commission to ensure each vehicle is ready to accept riders as soon as it leaves the factory. Each vehicle drives itself into service after leaving the factory, where it is ready for passenger pickups within 30 minutes, according to Waymo spokesperson Chris Bonelli.

Waymo’s interest in publicizing its plans to grow its fleet size comes as Tesla plans to launch its own robotaxi service in Texas and California later this year. And it aligns with the Alphabet company’s recent announcement of a partnership with Toyota to explore the possibilities of selling autonomous vehicles to customers for personal ownership.