Tesla drops 9% after earnings miss — Elon Musk loses $12 billion amid historic revenue decline

Tesla stock crash has sent shockwaves through the market after the EV giant reported a massive earnings miss and its biggest revenue drop in over 10 years. Tesla's Q2 2025 report showed a 12% fall in revenue and weaker-than-expected profits, which triggered a 9% plunge in Tesla stock. As a result, Elon Musk’s net worth dropped by $12 billion in just one day. Investors are now worried about Tesla’s future as Elon Musk warns of "a few rough quarters" ahead. From falling sales to tough global competition, Tesla is facing serious challenges in the electric vehicle space.