TSLA — Q1 2025 Earnings Call
Consumer CyclicalTesla Inc. • Reported: 2025-04-22
EPS Actual
$0.27
Est. $0.44
▼ Miss
Revenue Actual
$19.3B
Est. $21.4B
▼ Miss
Overall Result
Double Miss
EPS + Revenue vs. estimates
Period
Q1 2025
FY2025 • Reported 2025-04-22
Executive Summary
Tesla reported a challenging Q1 2025 with revenue of $19.3 billion, down 9% year-over-year and significantly below estimates. Vehicle deliveries fell 13% to 336,681 units amid brand backlash and increased competition. Automotive margins compressed further. The company reaffirmed its Austin robotaxi launch timeline for June 2025.
Key Highlights
Revenue
negative
Revenue misses by $2.1B
Q1 revenue of $19.3B fell far short of the $21.4B consensus, declining 9% YoY.
Deliveries
negative
Deliveries drop 13%
Vehicle deliveries of 336,681 declined 13% YoY, impacted by brand challenges and competition.
Margins
negative
Margins compress further
Automotive gross margin (ex-credits) fell to 12.5%, the lowest in several years.
Autonomy
positive
Robotaxi on track for June
Tesla reaffirmed June 2025 launch of unsupervised FSD ride-hailing service in Austin.
Energy
positive
Energy remains bright spot
Energy storage deployments grew 67% YoY, providing diversification from auto challenges.
Direct Quotes
EM
Elon Musk
CEO • Robotaxi
"The Austin robotaxi launch remains on track for June. Once people see unsupervised Full Self-Driving in action, it will change the entire transportation paradigm."
VT
Vaibhav Taneja
CFO • Outlook
"This was a transitional quarter. We are managing through near-term headwinds while investing in the technologies that will define Tesla's next phase of growth."