Tesla reports biggest quarterly revenue decline in more than a decade | Elon Musk News

Analysts expect a turnaround in future quarters as the automaker bets on robotaxi expansions.

Tesla has reported its biggest decline in quarterly revenue in more than a decade as CEO Elon Musk’s political activity weighs on the electric carmaker brand’s reputation.

Revenue fell to $22.5bn for the April-June quarter from $25.5bn a year earlier, according to its earnings report, which Tesla released after the closing bell on Wall Street. Analysts on average were expecting revenue of…