Tesla reported Wednesday that both revenue and profits fell in the second quarter of 2025 compared to a year earlier.

Tesla said Wednesday that it has begun production of "a more affordable model." Why it matters: The automaker has long promised a cheaper EV, but has said little about it recently, fueling speculation that CEO Elon Musk had lost interest. Catch up after the closing bell on the day's biggest business stories. With Hope King and Nathan Bomey.

Protesters are planning to demonstrate outside the newly opened diner, highlighting Musk’s cuts to humanitarian aid. Tesla just opened a retro diner in Los Angeles, so it was only a matter of time before anti-Elon Musk protesters caught wind.

Tesla Inc.’s core car-making business is facing a deteriorating outlook, providing a major test of Chief Executive Officer Elon Musk’s ability to lift the stock price with his vision

The Tesla diner and drive-in had a surprise opening on Monday, serving a mix of milkshakes and charging stations

A dynamic is emerging among Elon Musk’s Tesla, SpaceX, and xAI, fueling talk of consolidation. That isn’t necessarily a problem for Tesla shareholders.

Kevin Bond bought a Tesla Model 3 with his pension after he retired. He told BI he swapped it for a BYD Seal partly because of Elon Musk's politics.