Tesla’s Q2 2025 earnings report was followed by an earnings call where leadership discussed the results. During the call, CFO Vaibhav Taneja stated that Donald Trump’s Big Beautiful Bill will have a negative impact on supply and vehicle deliveries next quarter, and the stock is reacting accordingly. Vaibhav Taneja was speaking during Tesla’s Q2 2025 earnings call when he mentioned Trump's controversial Big Beautiful Bill. “Given the abrupt change, we have limited supply of vehicles in the U.S. this quarter,” Taneja said. “We may not be able to guarantee delivery orders placed in the later part of August and beyond.” It was enough to cause concern in the shareholders, as Tesla stock took a dive in real-time as Taneja made his comments on the earnings call, dropping as low as $317 per-share as concerns about Tesla’s ability to financially deliver next quarter grew. Trump’s Big Beautiful Bill will end the tax breaks that the federal government previously offered for electric vehicles, which is bad news for EV makers like Tesla. The upcoming quarters will show us just how big of an impact this new act will have on Tesla’s business.