Tesla (TSLA) Q3 2025 earnings name

Tesla’s (NASDAQ:TSLA) earnings name comes on the heels of the corporate’s Q3 2025 replace letter, which was launched after the closing bell on October 22, 2025.

Tesla’s Q3 2025 Outcomes

As might be seen in Tesla’s Q3 2025 Replace Letterthe corporate posted GAAP EPS of $0.39 and non-GAAP EPS of $0.50 per share. Tesla additionally posted complete revenues of $28.095 billion. GAAP internet revenue can be listed at $1.37 billion.

Tesla’s complete income elevated 12% YoY to $28.1 billion, whereas working revenue decreased 40% YoY to $1.6 billion. Which means for Q3 2025, Tesla’s had a 5.8% working margin. Tesla’s quarter-end money, money equivalents and investments was $41.6 billion by the tip of the third quarter.

Earnings name updates

The next are stay updates from Tesla’s Q3 2025 earnings name. I shall be updating this text in actual time, so please preserve refreshing the web page to view the most recent updates on this story.

16:25 CT – Good day to everybody, and welcome to a different Tesla earnings name stay weblog. The Q3 2025 Replace Letter gave the impression to be on the quieter facet, but it surely’s laborious to not be impressed with Tesla’s $4 billion free money circulation, an all-time excessive.

Now we simply must see how the earnings name will go.

16:30 CT – Seems just like the earnings name’s livestream is up. It hasn’t began but, however the music’s on. Right here’s the livestream:

16:33 CT – Probably the most enjoyable issues about Tesla earnings name coverages is that you just don’t actually know what kind of Elon Musk you’re gonna get. The questions from traders and analysts are all the time enjoyable too.

16:35 CT – And right here we go. Travis Axelrod takes the ground and introduces Tesla’s executives.

16:36 CT – Elon’s opening remarks start. He says Tesla is at a vital level as a result of real-world AI is imminent. He states that he believes Tesla has the very best intelligence density. “It’s gonna be like a shockwave,” Elon stated, highlighting that there are hundreds of thousands of automobiles on the market that would develop into full self-driving with a easy software program replace.

16:38 CT – With Tesla attaining readability on Unsupervised FSD, Musk said that he feels “assured in increasing Tesla’s manufacturing.” He additionally famous that Tesla Vitality is rising shortly, particularly with merchandise just like the Powerwall and the Megapack. “We see the potential there for Tesla battery packs to enhance the power output per 12 months of any given grid, the US or in any other case.”

16:40 CT – Elon additionally reiterated his prediction that Tesla Optimus might be the biggest product on the earth. A very good purpose for that is the truth that Tesla has scale, Musk said. Musk additionally said that it’s simple for customers in the US to check out FSD V14 for themselves. He additionally talked about that Tesla is at present laborious at work with Megapack 4.

“We look ahead to unveiling Optimus V3 in Q1. I feel it is going to be fairly exceptional,” Musk stated, including that V3 will nearly seem to be an individual in a robotic swimsuit.

16:45 CT – Musk summed up his opening remarks with a touch upon Tesla’s up to date mission.

“In conclusion, we’re excited concerning the up to date mission of Tesla, which is sustainable abundance. We’re going past sustainable power. We imagine that with Optimus and self-driving, we will truly create a world the place there isn’t any poverty, the place everybody has entry to the best medical care.

“Optimus shall be an unimaginable surgeon. Think about if everybody had entry to an unimaginable surgeon. I feel we’re headed to sustainable abundance, and I’m excited to work with the Tesla staff to make that occur,” Musk stated, summing up.

16:48 CT – Tesla CFO Vaibhav Taneja mentioned the corporate’s rollout of its expanded Mannequin Y lineup such because the Mannequin Y L, in addition to the benefits of the Robotaxi community. He additionally confirmed that Tesla is trying to safe approvals for FSD exams in a number of areas throughout the globe.

He additionally mentioned Tesla’s regulatory credit. “”Whereas regulatory credit declined sequentially, we entered into new contracts and delivered on earlier contracts,” he stated.

16:54 CT – Investor questions are requested about demand for Megapack and Powerwall. Tesla famous that Tesla is seeing quite a lot of curiosity and demand for Megapack and its associated merchandise. There’s additionally a surge in demand for residential batteries.

Seems just like the Tesla Photo voltaic Roof is coming alive as nicely.

16:59 CT – A query concerning the challenges of Optimus’ rollout was requested. Elon Musk famous that bringing Optimus to market wouldn’t be a stroll within the park. It is going to be a really troublesome endeavor. “It’s an extremely troublesome factor,” Musk stated, including that the palms of Optimus are very troublesome to design and produce because of its complexity.

Tesla is basically placing a ton of labor on Optimus’ palms, seemingly as a result of the robotic will must be very dexterous to be helpful in each residential and industrial functions. He famous that for Optimus to achieve success, Tesla should actually be vertically built-in.

Elon additionally talked about that Optimus is likely one of the causes behind his objectives together with his 2025 compensation plan. He wants management of Tesla if the corporate is constructing a literal robotic military.

17:05 CT – A query about Tesla’s chip take care of Samsung. Elon famous that he has nothing however good issues to say about Samsung. He then clarified that Tesla shall be focusing each TSMC and Samsung on AI5.

“The AI5 chip design by Tesla is a tremendous design. I’ve spent each weekend for the previous couple of months with the chip design staff working with AI5,” Musk stated. “By some metrics, the AI5 chip shall be 40x higher than the AI4 chip.” It is because the {hardware} is designed for Tesla’s software program stack.

There’s additionally quite a lot of efficiencies and deletions which were carried out on AI5. “It is a lovely chip,” Musk stated, reiterating that each Samsung and TSMC shall be producing AI5. Tesla needs an oversupply of AI5 chips. If there’s an oversupply, Musk stated that the chips may simply be used for coaching in Tesla’s knowledge heart.

17:09 CT – A query was requested about Tesla abandoning HW3 was requested. The CFO said that Tesla shouldn’t be abandoning HW3. “We will certainly handle you guys,” he stated, including that he himself is driving a HW3 automotive. Tesla executives additionally famous that the corporate is growing a V14 “Lite” for HW3 automobiles.

17:13 CT – A query concerning the Tesla Semi’s autonomy was requested. Tesla famous that issues are progressing with the Semi program. Analyst questions now start. First up is Wolfe Analysis, which requested about Elon’s remark about Tesla now specializing in quantity with FSD now developed.

Elon Musk responded that Tesla’s capability at this time shouldn’t be at 3 million automobiles but, however Tesla can most likely obtain that stage in 24 months or much less. “We’re gonna develop manufacturing as quick as we will, and as quick as our suppliers can sustain with it,” he stated.

He added that the Cybercab shall be an enormous mission because it’s a your de power of engineering optimization because of its driverless nature. He additionally said that Cybercab manufacturing will begin in Q2 2026.

17:21 CT – Barclays requested about markets which might be outdoors of Tesla’s core competencies. Elon famous that Tesla had zero core competency when it began. He highlighted that Tesla at this time remains to be a bunch of startups which might be working collectively. He did additionally state that “Optimus at scale is an infinite cash glitch” because it may 5X an individual’s productiveness.

17:27 CT – Lightshed asks concerning the Robotaxi program and the elimination of security drivers in Austin by 12 months finish. Musk famous that Tesla shall be very cautious with FSD’s rollout. He famous that Tesla shall be paranoid about security. He famous that Tesla usually rolls out its FSD updates with security on the forefront, so first builds of a serious launch are usually secure however not as clean.

“This automotive will really feel like a dwelling creature,” Musk reiterated, including that Teslas will finally be capable of discover parking spots on their very own intelligently.

17:34 CT – Oppenheimer requested concerning the timeline of Optimus manufacturing. Musk famous that the {hardware} design of Optimus won’t be frozen even after the humanoid robotic begins its manufacturing. “We’ll have a production-intent prototype prepared to indicate in Q1,” Musk stated, including that hopefully, Optimus will enter manufacturing late subsequent 12 months.

17:37 CT – Questions for this earnings name are completed, and in closing, the CFO urged shareholders to vote on the Board’s suggestions. Tesla’s future depends upon it.

17:41 CT – And that wraps up Tesla’s third quarter 2025 earnings name! Thanks a lot for following alongside as we coated this occasion. Till the subsequent time!