Instant Reaction: Tesla's Earnings Miss Wall Street Expectations

<p>Tesla fell short of Wall Street&rsquo;s expectations in one of the automaker&rsquo;s worst quarters in years, a sign of the toll that rising competition and a backlash against Chief Executive Officer Elon Musk have taken on the company. Adjusted earnings were 40 cents per share, Tesla said Wednesday in a statement, just below the average analyst estimate. Revenue fell 12% to $22.5 billion, the sharpest decline in at least a decade.<br /><br />Still, the report was free of new bombshells and the company said it continues to move forward with robotaxi and affordable-vehicle plans, providing a measure of relief for investors. That comes &ldquo;despite a sustained uncertain macroeconomic environment resulting from shifting tariffs, unclear impacts from changes to fiscal policy and political sentiment,&rdquo; Tesla said.<br /><br />For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with:</p> <ul> <li>Bloomberg Intelligence Global Autos and Industrials Research Manager Steve Man</li> <li>Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>