Tesla announced its quarterly earnings after the closing bell on Wednesday afternoon, reporting its financial results for the second quarter of the year.
The all-electric automaker reported a quarterly revenue of $22.5 billion USD for the period spanning April to June 2025, representing a 12% decline year-over-year. Tesla narrowly missed Wall Street’s expectations of $22.7 billion in revenue.
During Q2 2025, Tesla achieved a net income (GAAP) of $1.17 billion, down 16% year-over-year, with an operating margin of 4.1%. Tesla delivered 384,122 vehicles in Q2, a 13% drop compared to the same quarter last year. The company also produced over 410,244 vehicles and deployed 9.6 GWh of energy storage products during the quarter.
“Q2 2025 was a seminal point in Tesla’s history: the beginning of our transition from leading the electric vehicle and renewable energy industries to also becoming a leader in AI, robotics and related services,” said Tesla.
“Our first Robotaxi service launched in Austin in June. While the service is limited in initial scope, we believe our approach to autonomy – a camera-only architecture with neural networks trained on data from our global fleet of millions of vehicles – allows us to continually improve safety, rapidly scale the network and improve profitability.”
Tesla also made its first fully autonomous factory-to-doorstep vehicle delivery this quarter. What’s more, the long-awaited Tesla Diner opened its doors to the public in L.A.’s Hollywood Media District earlier this week.
Tesla has hit a bit of a lull in recent quarters, but its Q2 earnings report included a key update on the company’s long-awaited affordable EV — a model many believe could be a turning point. “We continue to expand our vehicle offering, including first builds of a more affordable model in June, with volume production planned for the second half of 2025,” Tesla said.
“Additionally, we continued development of Semi and Cybercab, both slated for volume production in 2026.”
Tesla said it reached a major milestone in June, rolling its 8-millionth vehicle off the production line. “We continue to make progress preparing for the launch of additional models this year,” the company added.
