TSLA — Q3 2025 Earnings Call
Consumer CyclicalTesla Inc. • Reported: 2025-10-22
EPS Actual
$0.82
Est. $0.75
▲ Beat
Revenue Actual
$28.4B
Est. $27.6B
▲ Beat
Overall Result
Double Beat
EPS + Revenue vs. estimates
Period
Q3 2025
FY2025 • Reported 2025-10-22
Executive Summary
Tesla reported strong Q3 2025 revenue of $28.4 billion, up 10% YoY, as the more affordable Model Q began deliveries. Robotaxi expanded to additional Texas cities. Automotive margins improved to 19.2% as Model Q contributed to volume growth.
Key Highlights
Revenue
positive
Revenue grows 10% YoY
Q3 revenue of $28.4B beat estimates, returning to year-over-year growth.
Model Q
positive
Model Q deliveries begin
The more affordable Model Q began deliveries, expanding Tesla's addressable market significantly.
Margins
positive
Margins improve to 19.2%
Automotive gross margin recovered to 19.2%, up from 12.5% in Q1, on better mix and volume.
Autonomy
positive
Robotaxi expands in Texas
Autonomous ride-hailing expanded to Houston and Dallas, with plans for California in 2026.
Direct Quotes
EM
Elon Musk
CEO • Model Q
"Model Q is a game changer. We're making Tesla accessible to a much broader market, and the demand signals are extremely strong."
EM
Elon Musk
CEO • Robotaxi Expansion
"Robotaxi is now operating in three Texas cities. We plan to expand to California in early 2026 pending regulatory approval."