Archive · 24 Jul 2025

Tesla's Difficult Quarter: Musk Warns of Rough Patch

Tesla's Difficult Quarter: Musk Warns of Rough Patch

Tesla, the car company, had a tough time recently.

The boss, Elon Musk, said things might get worse before they get better.

The company didn't make as much money as expected.

They sold fewer cars and prices were lower.

Also, costs from tariffs went up.

Musk is working on self-driving cars and robot taxis, but it will take time.

The company is also working on a cheaper car to sell.

So, while some parts of the business are struggling, Tesla has some new ideas that might help in the future.

Sources