Tesla’s (NASDAQ:TSLA) earnings name comes on the heels of the corporate’s Q2 2025 replace letterwhich was launched after the closing bell on July 23, 2025.
Tesla’s Q1 2025 Outcomes:
Whole Revenues: $22.5 billion
Whole automotive revenues: $16.7 billion
Whole GAAP gross margin: 17.2%
Gross Revenue: $3.88 billion
EPS Non-Gaap: $ 0.40 for share
The next are stay updates from Tesla’s Q2 2025 earnings name. I can be updating this text in actual time, so please maintain refreshing the web page to view the newest updates on this story.
16:22 CT – Good day to everybody, and welcome to a different Tesla earnings name stay weblog. Tesla had a reasonably large quarter, and whereas the corporate’s automobile deliveries are nonetheless down year-over-year, the Robotaxi pilot has been launched in Austin.
Now to see if this earnings name begins on time. Apparently sufficient, the EV maker has not posted a hyperlink to its Q2 2025 earnings name livestream on its official @Tesla X account but.
16:26 CT – The earnings name’s livestream on YouTube, nevertheless, is up:
16:28 CT – I ponder which Elon we’ll get on right this moment’s earnings name? Will likely be get tremendous locked-in Elon, critical Elon, or lighthearted Elon? Whichever Elon we get, TSLA inventory will most likely present some response in after-hours buying and selling.
16:30 CT – Travis Axelrod of Tesla’s Investor Relations group opens the decision. He states that Tesla CEO Elon Musk and different executives are current. And, right here’s Elon’s opening remarks.
16:33 CT – Elon opens with the launch of Tesla’s Robotaxi service in Austin, which has gotten “greater and longer” over the previous few weeks. He said that the service space for Robotaxi providers in Austin will get even greater and longer quickly. He mentions the Robotaxi service’s enlargement to the Bay Space, Arizona, and Florida within the coming months.
“I believe we’ll have Robotaxi in half the inhabitants of the US by the top of the 12 months?” Musk mentioned, highlighting that that is topic to regulatory approval. He added that Tesla is increasing its Robotaxi service cautiously.
16:35 CT – Elon famous that the Mannequin Y turned the best-selling automotive in a number of international locations in n Türkiye, Netherlands, Switzerland and Austria in June. This was regardless of the Mannequin Y promoting in these international locations with out its killer characteristic–FSD. Regardless of the regulatory challenges, Elon famous that Tesla will get these approvals, and he’s hoping that some areas in Europe ought to expertise FSD within the coming months. “It truly is the one greatest demand driver,” Musk mentioned.
16:37 CT – Elon additionally talked about the launch of the Tesla Diner. “It is a very particular diner,” Musk mentioned, stating that the power is a “shining beacon of hope.” He joked that it’s uncommon {that a} diner makes the information, however the newly launched restaurant is kind of one thing.
However, Elon famous that Tesla is making important enhancements to its FSD software program, and that the corporate may most likely 10X the parameter depend from what customers are at the moment experiencing.
16:43 CT – The CEO additionally highlghted the expansion of Tesla Vitality, which he famous was a “actually huge deal.” As for Optimus, Musk said that the humanoid robotic is in its present second era. Its third era can be “beautiful,” the CEO famous.
“Tesla is by far the perfect on this planet in real-world AI,” Musk mentioned. He threw some shade at Waymo as nicely, stating that whereas Google is nice at AI, the tech large just isn’t nearly as good in real-world AI functions. All these years producing and designing vehicles matter.
“Tesla has the best intelligence density in AI to this point,” Musk mentioned. “Intelligence density can be a really huge deal sooner or later.”
16:46 CT – Musk said that Tesla will most likely see prototypes of Optimus Model 3 this 12 months, and scale manufacturing subsequent 12 months. Tesla can be ramping these initiatives as quick as potential, contemplating the corporate’s aspirations to supply tens of millions of Optimus robots per 12 months. Musk believes {that a} fee of 1 million Optimus robots per 12 months is possible inside 5 years.
“We’re not at all times on time, however we get it carried out,” Musk mentioned, referencing the corporate’s tendency to make the inconceivable really feel late. He additionally reiterated the concept that Tesla could be the omst helpful firm on this planet if it executes very nicely.
16:50 CT – Tesla CFO Vaibhav Taneja talked about the corporate’s milestone of delivering a automotive autonomously to a buyer for the primary time in Q2. He additionally talked about the consequences of the Trump administration’s regulatory adjustments for electrical automobiles.
He talked about that Tesla is seeing extra take a look at drives, and the corporate did begin the manufacturing of extra inexpensive vehicles within the first half of the 12 months, with quantity manufacturing deliberate for the second half of the 12 months.
16:55 CT – Investor questions start with an inquiry about Tesla Robotaxis. Tesla famous that it expects to 10X its present operation within the coming months. The Bay Space is subsequent, and Tesla is seeking to expeedite the service’s approval.
As for technical and regulatory hurdles for Unsupervised FSD, Elon Musk said that he believes the characteristic must be accessible in plenty of cities by the top of the 12 months. Tesla, nevertheless, is being extraordinarily paranoid about security, so Unsupervised FSD’s rollout can be very, very cautious. Additionally, Tesla automobiles from Fremont may ship themselves to prospects autonomously by the top of the 12 months.
16:58 CT – A query about Optimus was requested. Elon famous that Optimus V3 is the appropriate design for the humanoid robotic, because it has all of the levels of freedom needed to make sure that it may possibly do duties very nicely. He additionally set expectations on Optimus’ ramp.
“If we don’t make 100,000 OPtimus robots monthly in 60 months, I can be shocked,” Musk mentioned.
One other query was requested about Tesla’s inexpensive mannequin. Tesla famous that manufacturing did begin within the first half of 2025, and a ramp is anticipated within the remaining months of the 12 months. As for Tesla investing in xAI, the CFO famous that this earnings name just isn’t the appropriate venue to debate such issues.
17:07 CT – Elon Musk admitted that he’s creating one other Grasp Plan. He reiterated the concept that the way forward for Tesla is thrilling, and the corporate has the potential to alter the world.
An investor query about HW3 automobile was requested. Tesla famous that it’s centered on rolling out Unsupervised FSD to HW4 vehicles first, then return to see what could be carried out with HW3 vehicles.
As for a way the Trump administration’s rules may have an effect on Megapack gross sales, Tesla famous that it nonetheless believes photo voltaic and battery tasks ought to nonetheless see development. “We’re forecasting a really sturdy second half of the 12 months,” the corporate famous. Tesla is anticipated to launch its third Megafactory in Houston subsequent 12 months.
17:11 CT – Analyst questions start. The analyst asks if Tesla may share KPIs on Tesla’s Robotaxi rollout. Tesla famous that it solely has a handful of automobiles for now, however the firm has greater than 7,000 driverless miles in Austin to this point. Elon additionally emphasised that the Robotaxi service is designed for max consolation and security, and that the Cybercab is designed to be optimum in terms of value. “Price per mile for the Cybercab can be little,” Musk mentioned.
“Tesla Roboatxi fleet will go from tiny to gigantic in most likely a really brief time frame,” Musk added.
17:15 CT – Adam Jonas of Morgan Stanley requested if Elon is comfy with having simply 13% management of Tesla. Elon Musk admitted that it is a main concern for him, and he’s hoping that the subject might be discsused within the upcoming annual shareholder assembly.
Elon joked that he desires to have sufficient management in Tesla that he can’t be ousted by activist traders, however not device massive that he can’t be eliminated, simply in case he goes loopy. He reiterated the concept that he could be joined by a number of Optimus robots onstage on the upcoming annual shareholder assembly.
17:21 CT – Barclays asks Elon concerning the concept of placing non-Tesla automobiles being put within the Robotaxi community. Elon admitted that Tesla has actually not considered it a lot, although the corporate is extremetly centered on security.
Goldman Sachs requested if Tesla may touch upon FSD subscription developments. Tesla famous that since FSD V12 was launched in North America, there was a notable enchancment in shopper adoption. When requested if extra value changes for FSD must be anticipated, Elon famous that Tesla is in a transition interval in the US. He admitted that Tesla may have a couple of tough quarters, however as soon as autonomy is at scale, he could be stunned if Tesla’s economics are usually not compelling.
17:29 CT – Truist requested about Tesla’s extra inexpensive fashions and any updates on what it could appear like. Elon Musk joked that it could simply appear like the Mannequin Y. He additionally famous that folks want Teslas, however the vehicles are nonetheless not inexpensive sufficient.
When requested about xAI and Tesla, Elon Musk defined that the 2 corporations are very completely different. He famous that there are additionally some folks that wish to work in xAI however not Tesla, and vice versa. Would they wish to work on superintelligence, or real-world AI? Each are compelling endeavors.
17:30 CT – And that wraps up Tesla’s second quarter 2025 earnings name! Thanks a lot for following alongside as we coated this occasion. Till the subsequent time!
