Tesla’s (NASDAQ:TSLA) earnings name follows the discharge of the corporate’s This autumn and full-year 2025 replace letter, which was printed 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 power storage merchandise. For the total yr, Tesla produced 1.65 million autos and delivered 1.63 million, whereas complete power storage deployments reached 46.7 GWh.
Tesla’s This autumn and FY 2025 Outcomes
In keeping with Tesla’s This autumn and FY 2025 Replace Letter, the corporate posted GAAP earnings per share of $0.24 and non-GAAP EPS of $0.50 within the fourth quarter. Whole income for This autumn got here in at $24.901 billion, whereas GAAP web 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. Whole income reached $94.83 billion, together with $69.53 billion from automotive operations and $12.78 billion from the corporate’s power technology and storage enterprise. GAAP web revenue for the yr totaled $3.79 billion.
Earnings name updates
The next are reside updates from Tesla’s This autumn and FY 2025 earnings name. I will probably 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 reside weblog. There’s quite a bit to unpack from Tesla’s This autumn and FY 2025 replace letter, so I’m fairly positive this earnings name will probably be fairly fascinating.
16:30 CT – The This autumn 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 progress of AI and robotics, I feel we’re headed in the direction of a way forward for common excessive revenue,” Musk stated, including that alongside the best way, Tesla will nonetheless be bettering its merchandise whereas conserving the atmosphere protected and wholesome.
16:34 CT – Elon famous that the primary steps for this future are taking place this yr, due to Tesla’s autonomy and robotics applications, which will probably be launching and ramping this yr. He additionally highlighted that Tesla will probably be making main investments this yr, although the corporate will probably be very strategic on the subject of its funding. “I feel it makes a ton of strategic sense,” Musk stated.
16:36 CT – Elon additionally pronounces the top of the Mannequin S and Mannequin X applications “with an honorable discharge.” When you’re fascinated about shopping for a Mannequin S or X, it’s greatest to do it now, Musk stated. The Mannequin S and Mannequin X manufacturing facility in Fremont will probably be changed by an Optimus line. “It’s barely unhappy, however it’s time to convey the S and X program to an finish. It’s a part of our general shift to an autonomous future,” Musk stated.
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 vehicles 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 yr is a few quarter or half of america, Musk stated.
16:41 CT – Elon famous that the Tesla Power crew is completely 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 will probably be unveiled in about three months, most likely. The Mannequin S and Mannequin X line in Fremont will probably be a million-unit Optimus manufacturing line. Appears like Optimus is absolutely popping out of the gate with giant, significant volumes. “The traditional S curve for manufacturing ramps is longer for Optimus,” Musk acknowledged. “Long run, I feel Optimus could have a major affect on the US GDP.”
16:44 CT – Elon closes his opening statements with a honest due to the Tesla crew. 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 longer term is extra thrilling than you may think about,” he concluded.
16:47 CT – Tesla CFO Vaibhav Taneja makes his opening remarks. He discusses a number of facets of Tesla’s This autumn 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 latest 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 yr over yr. Elon highlighted that the Cybercab will probably be produced with no steering wheel or pedals. No fallback. Elon additionally famous that Tesla expects to supply 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, akin to reasonably priced vehicles. Lars Moravy famous that Tesla did launch reasonably priced variants final yr, and Tesla continues to be pushing arduous to decrease its prices. That being stated, Tesla is absolutely pushing the Cybercab as its complete addressable market is bigger than consumer-owned vehicles. 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 vehicles. The exception could be the next-generation Roadster, which will probably be a real driver’s automotive.
17:03 CT – A query about Elon’s previous feedback a few 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 thought for flexibility. Elon added that Tesla will probably be transitioning the Cybertruck line to a completely autonomous car line. He additionally acknowledged that the Cybertruck is a helpful car. “An autonomous Cybertruck will probably be helpful for that.”
17:10 CT – A query was requested about when FSD will probably be 100% Unsupervised. Elon famous that 100% Unsupervised FSD is already getting used as we speak, 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 by way of promoting Tesla’s chips exterior Tesla, the corporate has to ensure it has sufficient chips for Optimus robots, knowledge facilities, and different applications first.
17:18 CT – Analyst questions start. First up is Wolf Analysis. He asks about Tesla’s growing Capex, particularly the place the vast majority of it’s going. The Tesla CFO famous that applications in six factories are going reside this yr, in order that consumes Capex. The Optimus program additionally consumes numerous sources. The expansion of Tesla’s present capability can also be consuming numerous sources. As for a way these applications will probably be funded, the CFO pointed to Tesla’s huge 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 necessary. Musk famous that Tesla is forward of the business 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 will probably be a key competitor within the humanoid robotic market. China would be the hardest competitor for Tesla. That being stated, Elon famous that Tesla believes Optimus will probably be forward in real-world intelligence, electromechanical dexterity, and hand design.
