Tesla, Elon Musk and Profits Tank
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CNET on MSNCalifornia DMV Seeking 30-Day Tesla Sale Suspension for Unrealistic 'Autopilot,' 'Full Self-Driving' ClaimsThe largest EV market in the US alleges that the largest EV manufacturer is misleading drivers with its autonomous claims.
"Tesla cannot afford a misstep with the robotaxi service," said Camelthorn Investments adviser Shawn Campbell, who owns Tesla shares. He added that "the wheels are coming off" its automotive business, with sales declines across "almost every market."
California says Tesla's claims about its self-driving capabilities cross the line into false advertising. A DMV judge is hearing arguments pro and con.
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Barchart on MSNAs Tesla Gambles With Its Right to Sell EVs in California, How Should You Play TSLA Stock?Tesla (TSLA) is no stranger to controversy, but the stakes may be higher than ever as the electric vehicle giant becomes entangled in a high-stakes legal showdown with the California Department of Motor Vehicles (DMV).
Tesla revenue slipped 12% year over year in the second quarter of 2025 the company's July 23 earnings release showed. The company took in $22.5 billion in revenue, down from $25.50 billion in the second quarter of 2024.