The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits fell sharply again in the latest quarter.

Tesla Chief Executive Elon Musk said on Wednesday that U.S. government cuts in support for electric vehicle makers could lead to a "few rough quarters" for the company before a wave of revenue from self-driving software and services begins late next year.

The fallout from Elon Musk's dive into politics a year ago is still hammering Tesla sales, as profits drop sharply in latest quarter.

Tesla Inc. warned that provisions in President Donald Trump’s $3.4 trillion fiscal package will pose meaningful challenges for the EV maker in the next several months.

Tesla will release its second quarter earnings on its website after U.S. markets close on Wednesday at 4:00 p.m. ET (2000 GMT). Company executives, including Musk, will hold a live Q&A webcast at 5:30 p.m. ET (2130 GMT). The automaker has invited retail investors to submit and upvote questions online.

Politics. Elon Musk and other Tesla executives talked about the negative impact of President Donald Trump’s tariff policy and tax bill, but Musk didn’t grab the chance to tout the “America Party” he said he was starting earlier this month.

The CEO is already eyeing expansion for his Tesla Diner dishing merchandise and food served by Optimus robots.