Q1 25 EPS
$0.27
MISS 35.71%
Est. $0.42
Q1 25 Revenue
$19.34B
MISS 9.70%
Est. $21.41B
vs S&P Since Q1 25
+21.2%
BEATING MARKET
TSLA +55.8% vs S&P +34.6%
Market Reaction
Did TSLA Beat Earnings? Q1 2025 Results
Tesla delivered a sharply disappointing first quarter, missing on both the top and bottom lines as a sweeping global production changeover weighed heavily on results. Non-GAAP EPS came in at $0.27, falling well short of the $0.42 consensus estimate b… Read more Tesla delivered a sharply disappointing first quarter, missing on both the top and bottom lines as a sweeping global production changeover weighed heavily on results. Non-GAAP EPS came in at $0.27, falling well short of the $0.42 consensus estimate by 35.71%, while revenue dropped 9.2% year-over-year to $19.34 billion, roughly $2.07 billion below the $21.41 billion Wall Street had expected. The primary culprit was the simultaneous retooling of Model Y production lines across all four global factories, which dragged automotive revenue down 20% to $13.97 billion as deliveries fell 13% to 336,681 units; reduced average selling prices and a roughly $300 million foreign-exchange headwind compounded the damage. GAAP operating income collapsed 66% to $399 million, compressing margins to just 2.1%. Energy Generation and Storage offered a meaningful counterpoint, with revenue surging 67% to $2.73 billion. Separately, Tesla's European sales have continued to soften amid brand-perception pressures, adding a demand-side overhang to the already turbulent quarter. Management declined to reaffirm full-year guidance, promising a fresh update alongside Q2 results, while noting that more affordable vehicle models remain on track for a first-half 2025 production start.
Key Takeaways
- • Simultaneous Model Y production line changeover across all four global factories reduced deliveries
- • Reduced vehicle average selling price due to mix and sales incentives
- • Negative FX impact of approximately $0.3B
- • Strong Energy Generation and Storage revenue growth of 67% YoY
- • Higher regulatory credit revenue
- • Lower cost per vehicle including lower raw material costs partially offset by lower fixed cost absorption
- • Increased operating expenses driven by AI and other R&D projects
- • Services and Other gross profit grew 25% YoY
TSLA YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
TSLA Revenue by Segment
With YoY comparisons, source: SEC Filings
TSLA Earnings Trends
TSLA vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TSLA EPS Trend
Earnings per share: estimate vs actual
TSLA Revenue Trend
Quarterly revenue: estimate vs actual
TSLA Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.36 | $0.41 | +14.14% | $22.39B | +0.18% |
| Q4 25 BEAT FY | $0.47 | $0.50 | +6.38% | $24.90B | +0.65% |
| FY Full Year | $1.64 | $1.66 | +1.52% | $94.83B | +0.17% |
| Q3 25 MISS | $0.56 | $0.50 | -10.35% | $28.10B | +5.21% |
| Q2 25 MISS | $0.40 | $0.40 | -1.11% | $22.50B | +1.67% |
| Q1 25 MISS | $0.42 | $0.27 | -35.71% | $19.34B | -9.70% |
| Q4 24 MISS FY | $0.76 | $0.73 | -3.95% | $25.71B | -6.70% |
| FY Full Year | $2.48 | $2.42 | -2.47% | $97.69B | -1.85% |
| Q3 24 BEAT | $0.58 | $0.72 | +24.14% | $25.18B | -0.75% |
| Q2 24 MISS | $0.62 | $0.52 | -16.13% | $25.50B | +2.94% |