Image: Tesla
Tesla announced its Q3 2025 financial results after the closing bell on Wednesday, reporting a new all-time high for quarterly revenue as the automaker continued expanding globally across both EVs and energy.
For the quarter covering July through September 2025, Tesla posted revenue of $28.1 billion USD, beating Wall Street’s expectations of $26.5 billion and marking a 12% increase year-over-year. The company reported $1.37 billion in net income (GAAP), down 37% from the same period last year, with an operating margin of 5.8%. On a non-GAAP basis, earnings per share came in at $0.5 — just under analyst expectations of $0.55.
“In Q3, the Tesla team achieved record vehicle deliveries globally, showing strength and growth across all regions, while also achieving record energy storage deployments across the residential, industrial and utility sectors,” Tesla said in its Q3 shareholder deck. “This strong performance resulted in both record revenue and free cash flow generation in the quarter.”
Tesla delivered 497,099 vehicles in Q3, a new quarterly record and up 7.3% from 462,890 units during Q3 2024. The automaker also said Tesla Energy achieved a record gross profit of $1.1 billion for the quarter. Average daily Supercharging sessions hit a new high as well, climbing to 587,000 per day.
“We continue to launch new products that excite our customers across automotive and energy. We launched the Model YL and Model Y Performance and further expanded our vehicle offering with the Model 3 and Model Y Standard, our most affordable vehicles,” the company continued.
Tesla saw continued growth across the globe in Q3. “We achieved record deliveries in South Korea, Taiwan, Japan and Singapore and began deliveries of the Model Y in India,” the company said.
“South Korea is now our third largest market behind only the U.S. and China, serving as validation of our competitive positioning in a robust EV market. We launched FSD (Supervised) in Australia and New Zealand and continue to prepare for a broader launch in China, pending regulatory approval.”
While Q2 saw the company launch its Robotaxi service in Austin, open the first Tesla Diner, and celebrate its 8 millionth vehicle built, Q3 brought new milestones across hardware, energy, and AI. The company signed a multi-billion-dollar deal with Samsung to manufacture next-generation AI chips in the U.S., designed for both inference and training.
“We announced a deal to manufacture advanced semiconductors for AI inference and training in the U.S. with Samsung and further expanded our AI training compute capacity, bringing Cortex to a total of 81k H100 equivalents,” Tesla added.
The record revenue caps off a decade-long growth curve for Tesla’s third-quarter earnings. For context, the company generated just $45.5 million in Q3 revenue back in 2009, reaching $25.2 billion by Q3 2024 before hitting a new record this year.
Despite slimmer margins and a dip in net income, Tesla’s Q3 results show the company is pushing deeper into new markets, scaling its energy business, and rapidly investing in AI infrastructure as it evolves beyond a pure EV manufacturer.
Stay tuned for our coverage of Tesla’s Q3 earnings call, where company executives will expand on the quarter’s results and answer several questions from shareholders.
