Transportation

Tesla Braces for ‘Rough’ Quarters as US Ends EV Incentives

WATCH: Gerber Kawasaki Wealth and Investment Management co-founder, president and CEO says Tesla’s business is in decline.Source: Bloomberg

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By Kara Carlson

July 23, 2025 at 8:17 PM UTC

Updated on

July 24, 2025 at 1:35 PM UTC

Elon Musk warned of difficult times ahead for Tesla Inc. following one of the carmaker’s worst stretches since it first started producing electric sedans over a dozen years ago.

Tesla will be in a transition period for the next year or more, losing electric vehicle incentives in the US and needing time to roll out autonomous vehicles, the chief executive officer said.