Tesla’s financial position is getting worse, as the fallout continues from CEO Elon Musk’s politics. The electric automaker reported Wednesday that both revenue and profits fell in the second quarter of the year compared to a year earlier.

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

Elon Musk's Tesla Diner, a classic diner and EV charging station all in one, opened Monday in West Hollywood, California.

Tesla Diner, 7001 W. Santa Monica Blvd., Los Angeles. Open 24 hours per day, seven days per week. This story has been updated.

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.

Tesla's earnings are due today with an investor call at 5:30 p.m. ET. Elon Musk's politics have rocked TSLA stock, with shares down 18% YTD.

SpaceX has warned investors about the risk to the company from its own CEO. In documents attached to a tender offer to investors, SpaceX said there were “risk factors” associated with CEO Elon Musk’s potential return to politics,