sought to shift the company<\/a> toward autonomous vehicles, like Robotaxi, and humanoid robots, like Optimus.\u00a0<\/p>\nTesla has faced a tumultuous year so far, largely due to Musk\u2019s involvement in politics. After supporting President Trump\u2019s campaign last year, the Tesla CEO took on a high-profile role in his administration, leading the controversial effort by the Department of Government Efficiency (DOGE) to slash government spending. <\/p>\n
The EV maker became a political symbol for Musk, attracting both peaceful and destructive demonstrations. The company\u2019s stock tumbled, and it posted a 71 percent drop in earnings in the first quarter. <\/p>\n
After Musk left the administration, Tesla investors appeared hopeful for more stability. However, he quickly became involved in a contentious public feud with Trump over his so-called \u201cbig, beautiful bill.\u201d <\/p>\n
While the Tesla CEO voiced concerns about the tax and spending bill\u2019s additions to the federal deficit, Trump accused Musk of being upset about the repeal of an EV tax credit, which is set to expire at the end of September. <\/p>\n
Musk and his fellow Tesla executives noted on Wednesday\u2019s call that the repeal of the EV credit is likely to impact the company. <\/p>\n
\u201cGiven the abrupt change, we have limited supply of vehicles in the U.S. this quarter,\u201d Vaibhav Taneja, Tesla\u2019s chief financial officer, said, adding, \u201cIf you’re in the U.S. and looking to buy a car, place an order now, as we may not be able to guarantee delivery orders placed in the later part of August and beyond.\u201d <\/p>\n
Taneja said Tesla is currently focused on building and delivering as many vehicles as possible before the credit expires, a push that it likely to slow the company\u2019s efforts to ramp up production of a new lower cost vehicle. <\/p>\n
He also warned of lower revenues after Trump\u2019s bill eliminated emissions penalties that Tesla could sell to other carmakers. <\/p>\n","protected":false},"excerpt":{"rendered":"
Tesla CEO Elon Musk suggested Wednesday that the electric vehicle company could face a \u201crough\u201d couple of quarters going forward.\u00a0 The EV firm\u2019s earnings dipped 16 percent in the second<\/p>\n
Continue reading <\/use> <\/svg>Musk expects 'rough quarters' for Tesla<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.logicalware.net\/index.php\/wp-json\/wp\/v2\/posts\/1474"}],"collection":[{"href":"http:\/\/www.logicalware.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.logicalware.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.logicalware.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.logicalware.net\/index.php\/wp-json\/wp\/v2\/comments?post=1474"}],"version-history":[{"count":1,"href":"http:\/\/www.logicalware.net\/index.php\/wp-json\/wp\/v2\/posts\/1474\/revisions"}],"predecessor-version":[{"id":1475,"href":"http:\/\/www.logicalware.net\/index.php\/wp-json\/wp\/v2\/posts\/1474\/revisions\/1475"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.logicalware.net\/index.php\/wp-json\/wp\/v2\/media\/1143"}],"wp:attachment":[{"href":"http:\/\/www.logicalware.net\/index.php\/wp-json\/wp\/v2\/media?parent=1474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.logicalware.net\/index.php\/wp-json\/wp\/v2\/categories?post=1474"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.logicalware.net\/index.php\/wp-json\/wp\/v2\/tags?post=1474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}