Good morning. Tesla falls short of Wall Street estimates as scandal and competition take a toll. Adani Group scraps its super app ambitions. And Nintendo’s Switch 2 notches another high score. Listen to the day’s top stories.

Analysts estimate that the company earned $1.2 billion from April to June, according to Bloomberg, down from $1.4 billion a year ago. Sales are expected to have fallen to $22.6 billion from $25.5 billion in the second quarter of 2024. Tesla has not reported an increase in quarterly profit since the third quarter of 2024.

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.

According to Fiscal.ai-compiled consensus, Tesla is expected to report adjusted earnings per share of $0.41 and revenue of $22.13 billion for the second quarter of the fiscal year 2025.

Tesla (TSLA) released its financial results and shareholders’ letter for the second quarter (Q2) 2025 after market close today.

Tesla’s sales plunge over the last 18 months has been a stunning turn for a company that recorded only one quarterly year-over-year sales drop before 2024. And the company faces significant trouble ahead.

Follow live news and analysis of the EV maker's quarterly results, which are due Wednesday after the market closes. Tesla may include updates about robotaxis and a lower-priced car.