Tesla is scheduled to make its first earnings report since Elon Musk stepped down from his White House role on Wednesday.

The world's richest man's latest political activities prompted a brutal sell-off of Tesla stock as investors question his focus on the company.

Total revenue decreased by 12% from one year earlier, to $22.4 billion, while revenue derived from car sales dropped 16% over the second quarter of 2025 compared to a year ago, the earnings showed. The fresh data covered a period following the onset of Trump's auto tariffs in early April.