The company has devoted resources to autonomous driving rather than developing new models to attract car buyers.

Tesla's electric vehicle sales plunged in the second quarter as the company continues to face a backlash from CEO Elon Musk's political turn. Why it matters: EVs are an essential source of cash flow for Tesla as it pursues ambitious projects like self-driving cars and humanoid robots.

Tesla investors want Musk to focus on driving Tesla and stop this political angle,” said one Wall Street tech analyst.