Ahead of Tesla’s July 23, 2025 Q2 print, Wedbush (Dan Ives) framed Elon Musk as back in “wartime CEO” mode and listed execution risks. That is a sell-side note, not Tesla guidance. Vehicle counts were already out: 410,244 produced, 384,122 delivered (CNBC).
Key facts
- Deliveries: 384,122 in Q2 2025, down about 14% year on year — second straight quarterly drop, CNBC said, with the stock still up on a less-bad print.
- Energy: 9.6 GWh deployed, per Tesla’s July 2 release.
- Wedbush role: Opinion on Musk focus, Robotaxi, and competition — not an 8-K.
- Earnings date: July 23, 2025 after the close (update PDF family on tesla.com / IR).
Separate the research note from the 8-K
“Wartime CEO” is analyst language. The numbers investors can audit are production, deliveries, energy GWh, and the 10-Q. Pair this with Tesery’s Q2 call preview.
FAQ
Did Wedbush run Tesla that quarter?
No. It published a note.
Were deliveries growing?
Q2 2025 deliveries were down versus Q2 2024 on Tesla’s own table.
For owners, a delivery miss is a demand/price story, not a reason to skip service.
