Tesla earnings call is highlighting FSD and robotaxi progress and some regulatory delays in Europe and China. They expect to get past those delays shortly.

Tesla stock came under pressure Thursday after it posted an earnings and revenue miss in the second quarter and CEO Elon Musk hinted at a "few rough quarters" amid mounting challenges for the automaker.

Tesla's market cap fell below $1 trillion, but it still reflects investors' assumptions of enormous future growth.

Tesla's more affordable model started production in June and is a cheaper Model Y, the company said on its Q2 earnings call.

Analysts expect the Austin, Texas-based company to report quarterly earnings at 40 cents per share, down from 52 cents per share in the year-ago period. Tesla projects to report quarterly revenue at $22.13 billion, compared to $25.5 billion a year earlier, according to data from Benzinga Pro.

Tesla revenue slipped 12% year over year in the second quarter of 2025, the company's July 23 earnings release showed. The Elon Musk-helmed electric car manufacturer took in $22.5 billion in revenue,