Tesla reports biggest quarterly revenue decline in more than a decade

Tesla has reported its biggest decline in quarterly revenue in more than a decade as CEO Elon Musk's political activity weighs on the electric carmaker brand's reputation. Revenue fell to 22.5bn for the April-June quarter from 25.5bn a year earlier, according to its earnings report, which Tesla released after the closing bell on Wall Street. Analysts on average were expecting revenue of 22.74bn, according to data compiled by LSEG. Revenue from car sales declined by 16 percent. Tesla attributed the revenue dip to a decline in vehicle deliveries.