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 still hasn’t released a lineup of newer, cheaper EVs to compete with China’s BYD for markets outside the US.

Tesla and its CEO Elon Musk are walking an increasingly difficult tightrope as the company navigates declining electric vehicle sales and an autonomous driving business that has yet to get off the ground.

Good morning. Tesla falls short of Wall Street estimates as scandal and competition take a toll. Adani Group scraps its super app ambitions. And Nintendo’s Switch 2 notches another high score. Listen to the day’s top stories.

Elon Musk warned that Tesla could face "a few rough quarters," as it weathers shifting tariffs and the end of EV tax credits in the US.

Tesla (TSLA) reported second quarter results that fell short of Wall Street estimates on both the top and bottom lines. Adjusted earnings of $0.40 per share fell short of the Bloomberg consensus estimate of $0.

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

AI positivity drove Alphabet's shares to new heights, but Musk's "rough quarters" warning saw Tesla's share price slump

The world's richest man, Elon Musk, suffered more than $17 billion (KSh 2.2 trillion) cut from his wealth, currently estimated at KSh 51.3 trillion.

EV maker faces the loss of the $7,500 EV tax credit and stands to make much less money from selling regulatory credits to other automakers.