Tesla’s second-quarter earnings report was met with a pummeling on Wall Street Thursday morning due to declining sales and shrinking profits. However, during the company’s call with analysts, CEO Elon Musk refused to discuss these issues, instead focusing on Tesla’s future plans as an AI and robotics company.
Musk touted his vision of Tesla becoming a leader in humanoid robots, robotaxis, and autonomous vehicles, but failed to provide details on its current core business: selling cars. Analysts were more focused on topics such as the company’s “Full Self Driving” software and the Optimus robot, which are still largely unrealized as viable consumer products.
The lack of transparency and focus on future plans led to a selloff in Tesla shares, falling over 8% Thursday. Analysts praised Musk’s vision but criticized his communication style, saying it was less than stellar and contributed to the market’s skepticism.
Tesla’s detractors argue that the company is banking on hype and its valuation hinges on the promise of a robot-driven future rather than its current core business. However, Musk remains confident in his strategy, believing that focusing on what Tesla will do “someday soon” is more important than discussing its current performance.
Source: https://edition.cnn.com/2025/07/25/business/on-teslas-earnings-call-no-one-wanted-to-talk-about-teslas-earnings