Q3 25 EPS
$0.50
MISS 10.35%
Est. $0.56
Q3 25 Revenue
$28.10B
BEAT +5.21%
Est. $26.70B
vs S&P Since Q3 25
-14.7%
TRAILING MARKET
TSLA -7.5% vs S&P +7.3%
Market Reaction
Did TSLA Beat Earnings? Q3 2025 Results
Tesla delivered a split verdict in Q3 2025, posting revenue that cleared Wall Street's bar while earnings fell short, painting a picture of a company investing heavily in its future at the expense of near-term profitability. The electric vehicle make… Read more Tesla delivered a split verdict in Q3 2025, posting revenue that cleared Wall Street's bar while earnings fell short, painting a picture of a company investing heavily in its future at the expense of near-term profitability. The electric vehicle maker reported revenue of $28.09 billion, up 11.6% year-over-year and ahead of the $26.70 billion consensus by 5.21%, fueled by record vehicle deliveries of 497,099 units and a surge in energy storage deployments to 12.5 GWh. Yet earnings per share of $0.50 missed the $0.56 estimate by 10.35%, as operating income collapsed 40% year-over-year to $1.62 billion, with operating expenses jumping 50% to $3.43 billion on heavier AI, R&D, and restructuring costs. A sharp drop in regulatory credit revenue, from $739 million to $417 million, compounded the profit pressure. Free cash flow reached $3.99 billion, up 46% year-over-year, offering a brighter signal, while management flagged Cybercab, Tesla Semi, and Megapack 3 as on track for volume production in 2026, with Optimus production lines already being installed.
Key Takeaways
- • Record vehicle deliveries of 497,099 units, up 7% YoY
- • Record energy storage deployments of 12.5 GWh, up 81% YoY
- • Energy generation and storage revenue grew 44% YoY
- • Services and other revenue grew 25% YoY
- • Model 3/Y deliveries of 481,166 units, up 9% YoY
- • Record free cash flow of nearly $4.0 billion
- • Lower raw material costs partially offset cost increases
TSLA YoY Financials
Q3 2025 vs Q3 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% |