00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla warned of potential rough quarters ahead due to the phase-out of federal EV tax credits
00:06and rising costs for Donald Trump-era tariffs.
00:10During the second quarter earnings call, CEO Elon Musk flagged the fourth quarter of 2025
00:14and the first half of 2026 as potentially challenging, though not definitively.
00:19Tesla said it is facing multiple challenges, including the pending expiration of the $700
00:23federal EV tax credit from any of its models this quarter.
00:26Tesla said tariffs imposed by President Trump raised its costs by about $300 million
00:31from the prior quarter.
00:33CFO Vyhab Tanaja noted that most of the impact hit the automotive business,
00:38with less effect on energy.
00:39Musk remains bullish on the company's long-term profitability,
00:42setting the expected rollout of autonomy at scale in late 2026.
00:46Wedbush's Dan Ives views the end of EV subsidies as a net positive for Tesla's competitive position.
00:51For all things money, visit Benzinga.com.
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