Guy waving an American flag in a tiny Tesla Cybertruck

A person waving a US flag drives a toy Tesla Cybertruck (Frederic J. Brown/Getty Images)

Tesla delivery numbers are out this week. Analysts think it will be a bloodbath.

Analysts on average are expecting Tesla’s biggest year-over-year quarterly decline ever.

6/30/25 9:36AM

Tesla is reporting its Q2 deliveries Wednesday — and judging from leading indicators and analyst estimates, it’s not looking good for the electric car maker. Monthly sales have been dropping across Tesla’s biggest markets, including the US, China and Europe, as the company contends with its CEO’s political fallout, increased competition and an aging lineup of cars. The company’s mostly successful robotaxi launch last week isn’t likely to move the needle on vehicle sales, which make up the lion’s share of Tesla’s revenue. After all, the launch only includes 10 to 20 sort-of autonomous cars whose technology is not yet available on the wider Tesla fleet.

Last year, Tesla delivered 444,000 cars in Q2. After lowering their estimates throughout the quarter this year, analysts think Q2 2025 will look much worse.

Bloomberg currently pegs the analyst consensus at 391,000, 12% lower than last year.
FactSet’s consensus estimate is 387,000, 13% lower.
JPMorgan’s Ryan Brinkman said today he’s lowered the estimate he made around the time of Q1 earnings from 395,000 to an even lower 360,000, 19% below last year.
An analyst who goes by Troy Teslike and is often correct on these matters has continually lowered his estimate over the quarter, having started at 412,000 and now revised it down to 355,000, which would be 20% lower than last year.

That’s a spread of 53,000 to 89,000 fewer Teslas sold in Q2 2025 vs Q2 2024 — all of which would represent Tesla’s biggest quarterly decline ever.

Of course, terrible sales in the second quarter, following terrible sales in the first quarter, doesn’t bode well for the full year. Considering that the government will likely take away federal $7,500 EV tax credits, hurting demand, the back half of the year could be worse.

Analysts expect Tesla’s full-year sales to decline for the second year in a row, with the FactSet consensus currently reflecting a 6% drop for 2025 compared to 2024. On average, they expect Tesla will sell 1.68 million cars this year, down from 1.79 million last year. The company sold 1.81 million in 2023.

Jon Keegan24m

Apple to challenge Google Chromebooks with low-cost Mac laptop, Bloomberg reports

Apple is designing a new sub-$1,000 Mac laptop aimed at the education market, Bloomberg reports.

Google’s low cost Chromebooks currently dominate the K-12 education market, and Apple’s re-entry into the education market which it once owned could disrupt the sector's status quo.

According to the report, Apple plans on using the custom mobile chips it currently use in iPhones to power the more-affordable devices.

Apple’s recent earnings demonstrated that iPhone sales have been steady, and te tech giant is looking to find new areas of growth, like services. A low-cost Mac could be popular with consumers, in addition to education buyers.

Apple Prepares to Enter Low-Cost Laptop Market for First Time

According to the report, Apple plans on using the custom mobile chips it currently use in iPhones to power the more-affordable devices.

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Getty Images suffers partial defeat in UK lawsuit against Stability AI

Stability AI, the creator of image generation tool Stable Diffusion, largely defended itself from a copyright violation lawsuit filed by Getty Images, which alleged the company illegally trained its AI models on Getty’s image library.

Lacking strong enough evidence, Getty dropped the part of the case alleging illegal training mid-trial, according to Reuters reporting.

Responding to the decision, Getty said in a press release:

“Today’s ruling confirms that Stable Diffusion’s inclusion of Getty Images’ trademarks in AI‑generated outputs infringed those trademarks. ... The ruling delivered another key finding; that, wherever the training and development did take place, Getty Images’ copyright‑protected works were used to train Stable Diffusion.”

Stability AI still faces a lawsuit from Getty in US courts, which remains ongoing.

A number of high-profile copyright cases are still working their way through the courts, as copyright holders seek to win strong protections for their works that were used to train AI models from a number of Big Tech companies.

Getty Images largely loses landmark UK lawsuit over AI image generator

Responding to the decision, Getty said in a press release:

“Today’s ruling confirms that Stable Diffusion’s inclusion of Getty Images’ trademarks in AI‑generated outputs infringed those trademarks. ... The ruling delivered another key finding; that, wherever the training and development did take place, Getty Images’ copyright‑protected works were used to train Stable Diffusion.”

Stability AI still faces a lawsuit from Getty in US courts, which remains ongoing.

Rani Molla

Waymo Business

Uber says it’s doing better in markets where it has autonomous vehicles

It’s autonomous ride-sharing business is still very small.

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Norway’s wealth fund, Tesla’s sixth-largest institutional investor, votes against Musk’s pay package

Norway’s Norges Bank Investment Management, the world’s largest sovereign wealth fund, said Tuesday that it voted against Tesla CEO Elon Musk’s $1 trillion pay package, ahead of the EV company’s annual shareholder meeting Thursday. The fund, which has a 1.2% stake in Tesla, is the company’s sixth-largest institutional investor, according to FactSet, and the first major investor to disclose how it voted on the matter.

Tesla is down nearly 3% premarket, amid a wider pullback in equities that’s most pronounced in AI-related stocks.

“While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk- consistent with our views on executive compensation,” NBIM said in a statement.

Tesla’s board considers Musk’s mammoth, performance-based pay package necessary to retain Musk. For what it’s worth, prediction markets are quite certain investors will pass the proposition.

Norway's mega wealth fund to reject Elon Musk's $1 trillion Tesla pay package

Tesla is down nearly 3% premarket, amid a wider pullback in equities that’s most pronounced in AI-related stocks.

Tesla’s board considers Musk’s mammoth, performance-based pay package necessary to retain Musk. For what it’s worth, prediction markets are quite certain investors will pass the proposition.

Rani Molla

uber excited

Uber reports solid earnings, mixed guidance

Uber reported third-quarter earnings Tuesday.