Tesla (TSLA) shares dropped in extended trading Wednesday after the EV maker's quarterly results fell short of Wall Street’s expectations. During the company’s earnings call, the shares continued to lose ground after CEO Elon Musk warned analysts of a "few rough quarters” ahead as federal incentives for EV manufacturers dry up.

Tesla stock came under pressure Thursday after it posted an earnings and revenue miss in the second quarter and CEO Elon Musk hinted at a "few rough quarters" amid mounting challenges for the automaker.

Tesla stock falls more than 6% pre-market after Q2 earnings call. Sales decline, EV incentives end, and new Model Y trim disappoints.