Tesla reported a decline in total revenue for the second quarter, sparking a significant drop in the company’s value in after-hours trading.
Tesla reported a 12% year-on-year decline in total revenue for the second quarter, with total automotive revenue falling 16%. Following the earnings report, the company’s stock (TLSA) fell nearly 5% in after-hours trading to $317.80.
The company’s Bitcoin holdings remained unchanged in quantity at 11,509 BTC. The reported value of these holdings at the end of the quarter was $1.23 billion, an increase attributed to a rise in Bitcoin’s price rather than new purchases. Tesla’s CFO, Vaibhav Taneja, said that “other income” grew to $284 million in Q2 due to a mark-to-market adjustment on assets including Bitcoin, and warned that this would continue to create volatility based on the crypto’s price. According to data from Nansen, Tesla now ranks 10th among publicly traded companies holding Bitcoin.
Tesla said it seeks to become a leader in AI and robotics, following the launch of its robotaxi service in Austin. “Q2 2025 was a seminal point in Tesla’s history: the beginning of our transition from leading the electric vehicle and renewable energy industries to also becoming a leader in AI, robotics & related services (hi @robotaxi).”
Tesla officially launched the Robotaxi service in Austin and has now also opened a two-story, 24/7 Tesla Diner in West Hollywood, California, with a capacity of over 250 patrons. The menu includes a burger priced at $13.50.
At the diner, a Tesla Optimus robot currently serves popcorn. Musk said on X that robots will deliver food to cars at the location, and could wear “cute outfits” then.
