Tesla, a big car company that makes electric cars, did not do as well as people thought in the last three months. They sold fewer cars and made less money than before. This made some people worried about the company and its future. Because of this, Tesla's stock (the piece of the company that people can buy) lost some of its value. Other car companies that make electric cars, like Rivian and Lucid, also lost value because people were worried about Tesla. Tesla's boss, Elon Musk, said they will make a new, cheaper electric car soon and also try to make cars that can drive by themselves without a person inside. He said more about these plans in October. Tesla also decided to wait before building a big car factory in Mexico and will decide later. Read from source...

- Tesla's Q2 results show that the company is facing increased pressure from competitors and slowing demand, leading to declining revenue and earnings.
- Tesla's automotive segment reported a 7% YoY decline in revenue, while energy generation and storage revenue nearly doubled, providing some balance to the overall revenue picture.
- Tesla's adjusted income margin fell 43% YoY, reflecting the increased competition and discounts offered to boost sales.
- Tesla's CEO Elon Musk confirmed that the company's affordable EV will be launched in H1 2025, and also revealed plans for a robotaxi service, which he hopes to launch next year.
- Tesla put its Mexico auto facility plans on hold, pending the outcome of the November presidential election.

Key questions and requests:

- What are your thoughts on Tesla's Q2 results and its implications for the EV market?
- How do you assess the risk of Tesla losing market share to its competitors, especially in China?
- What are the potential benefits and challenges of Tesla's plans for an affordable EV and a robotaxi service?
- How do you evaluate the decision to put the Mexico auto facility plans on hold?
- What are the best stocks to invest in the EV sector, given the current market conditions?