The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter.

Tesla revenue dropped 12%, and profits slumped 16% in the three months through June as buyers continued to steer clear, and in some cases, turn to more affordable competitors' offerings. "The perception of Elon Musk,

The tech company reports its third quarter of declining profits in a row, amid the ongoing backlash against Elon Musk's foray into politics.

Tesla's profits plunged 16% over a three-month stretch ending in June. Analysts discuss CEO Elon Musk's role in this dip.

Tesla shares tumbled on Thursday, after reporting one of its worst quarters in over a decade and CEO Elon Musk warned of difficult times ahead. Traders await the ECB's latest interest rate decision amid growing optimism the EU will strike a U.S. trade deal, as Peter Devlin explains.

Elon Musk’s political controversies are widely believed to have damaged Tesla’s image. This, together with stronger and stronger competition, has resulted in the decline we’re witnessing in 2025. Furthermore, the groundbreaking Cybertruck was expected to take over the electric pickup segment, but that hasn’t happened.

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Sales for the company are down all over the world, despite its recent introduction to new markets, like India. Now, as Tesla struggles to keep its head above water, another significant revenue stream is about to run dry,