Tesla’s (NASDAQ:TSLA) earnings name follows the discharge of the corporate’s This fall and full-year 2025 replace letter, which was revealed on Tesla’s Investor Relations web site after markets closed on January 28, 2025.
The outcomes cap 1 / 4 by which Tesla produced greater than 434,000 autos, delivered over 418,000 autos, and deployed 14.2 GWh of vitality storage merchandise. For the complete 12 months, Tesla produced 1.65 million autos and delivered 1.63 million, whereas whole vitality storage deployments reached 46.7 GWh.
Tesla’s This fall and FY 2025 Outcomes
In accordance with Tesla’s This fall and FY 2025 Replace Letterthe corporate posted GAAP earnings per share of $0.24 and non-GAAP EPS of $0.50 within the fourth quarter. Complete income for This fall got here in at $24.901 billion, whereas GAAP internet revenue was reported at $840 million.
For full-year 2025, Tesla reported GAAP EPS of $1.08 and non-GAAP EPS of $1.66 per share. Complete income reached $94.83 billion, together with $69.53 billion from automotive operations and $12.78 billion from the corporate’s vitality technology and storage enterprise. GAAP internet revenue for the 12 months totaled $3.79 billion.
Earnings name updates
The next are dwell updates from Tesla’s This fall and FY 2025 earnings name. I might be updating this text in actual time, so please maintain 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 dwell weblog. There’s lots to unpack from Tesla’s This fall and FY 2025 replace letter, so I’m fairly positive this earnings name might be fairly fascinating.
16:30 CT – The This fall and FY 2025 earnings name formally begins. IR exec Travis Axelrod opens the decision. Elon and different executives are current.
16:30 CT – Elon makes his opening assertion and explains why Tesla modified its mission to “Wonderful Abundance.” “With the continued development of AI and robotics, I believe we’re headed in the direction of a way forward for common excessive revenue,” Musk mentioned, including that alongside the best way, Tesla will nonetheless be bettering its merchandise whereas holding the atmosphere secure and wholesome.
16:34 CT – Elon famous that the primary steps for this future are occurring this 12 months, due to Tesla’s autonomy and robotics packages, which might be launching and ramping this 12 months. He additionally highlighted that Tesla might be making main investments this 12 months, although the corporate might be very strategic in terms of its funding. “I believe it makes a ton of strategic sense,” Musk mentioned.
16:36 CT – Elon additionally broadcasts the top of the Mannequin S and Mannequin X packages “with an honorable discharge.” Should you’re eager about shopping for a Mannequin S or X, it’s finest to do it now, Musk mentioned. The Mannequin S and Mannequin X manufacturing facility in Fremont might be changed by an Optimus line. “It’s barely unhappy, however it’s time to carry the S and X program to an finish. It’s a part of our general shift to an autonomous future,” Musk mentioned.
16:38 CT – Elon discusses how Unsupervised FSD is now beginning for the Robotaxi service. He famous that these Unsupervised Robotaxis don’t have any chase automobiles as of yesterday. He reiterated Tesla’s plans for homeowners to have the ability to add their very own autos to the Robotaxi fleet. Autonomy goal for the top of the 12 months is a couple of quarter or half of america, Musk mentioned.
16:41 CT – Elon famous that the Tesla Power workforce is totally killing it. He additionally acknowledged that Tesla expects its Power enterprise to proceed rising, and that the “photo voltaic alternative is underrated.”
16:43 CT –Elon additionally added that Tesla Optimus 3 might be unveiled in about three months, in all probability. The Mannequin S and Mannequin X line in Fremont might be a million-unit Optimus manufacturing line. Appears like Optimus is admittedly popping out of the gate with massive, significant volumes. “The conventional S curve for manufacturing ramps is longer for Optimus,” Musk acknowledged. “Long run, I believe Optimus can have a big influence on the US GDP.”
16:44 CT – Elon closes his opening statements with a honest due to the Tesla workforce. He additionally famous that he feels lucky to have the ability to work alongside such a proficient workforce.
Elon ends his opening remarks with an optimistic prediction concerning the future.“The long run is extra thrilling than you possibly can think about,” he concluded.
16:47 CT – Tesla CFO Vaibhav Taneja makes his opening remarks. He discusses a number of features of Tesla’s This fall milestones. He famous that Tesla Power achieved yet one more gross revenue file in the course of the fourth quarter. There’s insane demand for the Megapack and Powerwall. Backlogs for these merchandise are wholesome this 2026. He additionally famous that Tesla ended 2025 with an even bigger car order backlog in comparison with current years.
16:53 CT – Investor questions from Say start. The primary query is about Tesla’s expectations for the Robotaxi Community. Lars Moravy famous that it has the benefit of producing and scale, and Tesla believes that the Robotaxi Community will considerably develop 12 months over 12 months. Elon highlighted that the Cybercab might be produced with no steering wheel or pedals. No fallback. Elon additionally famous that Tesla expects to provide extra Cybercabs than all its different autos mixed sooner or later.
16:51 CT – The subsequent query is that if Tesla nonetheless expects to launch new fashions, equivalent to reasonably priced automobiles. Lars Moravy famous that Tesla did launch reasonably priced variants final 12 months, and Tesla continues to be pushing laborious to decrease its prices. That being mentioned, Tesla is admittedly pushing the Cybercab as its whole addressable market is bigger than consumer-owned automobiles. Lars additionally talked about that Tesla will produce completely different autos for its Robotaxi companies.
16:56 CT – Elon famous that finally, Tesla will produce largely autonomous automobiles. The exception can be the next-generation Roadster, which might be a real driver’s automotive.
17:03 CT – A query about Elon’s previous feedback a couple of potential subsequent pickup truck was requested. Lars famous that the Cybertruck continues to be performing properly within the electrical pickup truck section, although Tesla is understood for flexibility. Elon added that Tesla might be transitioning the Cybertruck line to a completely autonomous car line. He additionally acknowledged that the Cybertruck is a helpful car. “An autonomous Cybertruck might be helpful for that.”
17:10 CT – A query was requested about when FSD might be 100% Unsupervised. Elon famous that 100% Unsupervised FSD is already getting used at the moment, although solely within the Austin Robotaxi program. Tesla continues to be being extraordinarily cautious with its rollout.
When requested about Tesla’s chip program, Elon famous that he feels fairly good about Tesla’s chip technique. However when it comes to promoting Tesla’s chips exterior Tesla, the corporate has to ensure it has sufficient chips for Optimus robots, knowledge facilities, and different packages first.
17:18 CT – Analyst questions start. First up is Wolf Analysis. He asks about Tesla’s rising Capex, particularly the place nearly all of it’s going. The Tesla CFO famous that packages in six factories are going dwell this 12 months, in order that consumes Capex. The Optimus program additionally consumes a number of assets. The expansion of Tesla’s present capability can be consuming a number of assets. As for the way these packages might be funded, the CFO pointed to Tesla’s large struggle chest, in addition to initiatives such because the Robotaxi Community.
17:21 CT – Morgan Stanley asks about Tesla’s xAI funding. The analyst requested about extra details about how Tesla and xAI will work collectively. The CFO famous that this funding is a part of Grasp Plan Half IV. Elon additionally talked about some benefits for xAI’s know-how for Tesla’s merchandise, like Grok getting used to handle a Robotaxi fleet or a gaggle of Optimus robots.
17:24 CT – Barclays asks Elon concerning the constraints on reminiscence. Does Tesla have any close to time period constraints for Tesla autos’ reminiscence? Elon responded that the Tesla AI laptop is already very compute and memory-efficient. The intelligence per gigabyte is essential. Musk famous that Tesla is forward of the trade by an order of magnitude or extra.
17:29 CT – Cannacord asks about startups from China coming into the humanoid market. What aggressive benefit does Optimus have in comparison with these rivals? Elon acknowledged that he believes China might be a key competitor within the humanoid robotic market. China would be the hardest competitor for Tesla. That being mentioned, Elon famous that Tesla believes Optimus might be forward in real-world intelligence, electromechanical dexterity, and hand design.
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