Tesla has recently unveiled its financial results for the second quarter of fiscal year 2025, revealing a total revenue of $22.496 billion, marking a 12% year-on-year decline. Net profit stood at $1.172 billion, a 16% decrease from the previous year. Notably, the company disclosed that it commenced production of a more affordable vehicle model in June, with mass production anticipated in the latter half of the year. This new model bears a resemblance to the Model Y in design. Furthermore, revenue generated from carbon emissions regulatory credits amounted to $439 million in the second quarter, experiencing a notable 51% year-on-year decrease.

Elon Musk, CEO of Tesla, emphasized that the company is actively engaging with regulatory challenges concerning Full Self-Driving (FSD) in China, aiming to provide its autonomous taxi service to half of the U.S. population by the end of this year. Additionally, tariff costs have escalated by approximately $300 million, with potential future impacts anticipated. Musk reiterated his aspiration to achieve 25% voting control, highlighting it as a "significant concern" for the company's future. Looking ahead, Tesla anticipates facing challenges in the upcoming quarters. Following the release of the financial report, Tesla's share price declined by over 4% in after-hours trading.