NASDAQ$TSLA

Tesla Motors, Inc. · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Tesla reported Q2 2025 total revenues of $22.50B with net income of $1.19B and diluted EPS of $0.33.

Total revenues were $22.50 billion as automotive deliveries and energy storage deployments evolved amid pricing actions. Net income was $1.19 billion; diluted EPS was $0.33. Robotaxi, FSD, and next-generation platform timing shape the narrative.

  • Q2 total revenues $22.50B.
  • Net income $1.19B; diluted EPS $0.33.
  • Automotive margin and delivery volume remain focal.
  • Energy storage and AI/robotics investments affect capex.

Headline financials

Total Revenue

$22.5B

Previous: $25.5B-11.8%
EPS (adj)

$0.33

Previous: $0.42-21.4%
Gross Margin

17.2%

Previous: 18.0%-4.4%
Operating Margin

4.1%

Previous: 6.3%-34.9%
Operating Cash Flow

$2.54B

Previous: $3.61B-29.7%
Capital Expenditures

$2.39B

Previous: $2.27B+5.5%
Free Cash Flow

$146M

Previous: -$3.57B+104.1%
Net Income

$1.19B

Previous: $1.48B-19.5%
Operating Income

$923M

Previous: $1.61B-42.5%
Gross Profit

$3.88B

Previous: $4.58B-15.3%
Cash & Equivalents

$36.8B

Previous: $14.6B+151.3%
Total Assets

$129B

Previous: $113B+13.9%

Revenue & EPS history

Tesla · Revenue · Quarterly

$22.5B

Q2 2025-11.8%vs Q2 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Tesla · $23.4B total across 5 segments · Q3 2023

  • Automotive Sales
    $18.6B
  • Services & Other
    $2.17B
  • Energy & Storage
    $1.56B
  • Regulatory Credits
    $554M
  • Automotive Leasing
    $489M

Forward guidance

Technology and payments outlook cites volume growth, product cycles, and capex.

Tailwinds

  • Payments volume or semiconductor demand recovery.
  • AI and cloud-related program wins.

Headwinds

  • Client incentives or inventory corrections.
  • FX and supply-chain constraints.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.1%

Avg return

Earnings day

+2.3%

Avg return

5 days after

+2.5%

Avg return

30 days after

56%

36 / 64 earnings

Positive

+25.1%

Q1 2013

Best reaction

-14.1%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-5.9%-3.0%+10.0%
Q1 2026+0.5%-3.0%+10.0%
Q3 2025+3.6%+4.9%-10.9%
Q2 2025-8.2%-3.4%+2.2%
Q1 2025+5.4%+20.1%+42.6%
Q4 2024+2.9%+0.8%-24.7%
Q3 2024+19.5%+20.4%+61.7%
Q2 2024-14.1%-12.6%-16.2%
Q1 2024+14.1%+18.5%+22.3%
Q4 2023-12.7%-8.7%-8.2%
Q3 2023-13.6%-16.8%-8.1%
Q2 2023-10.4%-8.3%-26.5%
Q1 2023-11.6%-11.8%-2.3%
Q4 2022+11.4%+15.8%+36.8%
Q3 2022-5.9%-4.1%-18.2%
Q2 2022+10.7%+9.3%+20.8%
Q1 2022-1.9%-2.9%-35.4%
Q4 2021-9.7%+2.0%-11.8%
Q3 2021+3.4%+18.6%+31.6%
Q2 2021+0.2%+6.8%+10.5%
Q1 2021-3.4%-2.7%-15.1%
Q4 2020-5.4%-4.9%-23.5%
Q3 2020+0.9%-0.4%+16.0%
Q2 2020-3.5%-1.8%+30.7%
Q1 2020+1.7%-1.0%+8.6%
Q4 2019+13.0%+37.6%+17.8%
Q3 2019+17.3%+28.2%+30.3%
Q2 2019-12.1%-9.4%-18.7%
Q1 2019-6.1%-8.5%-27.8%
Q4 2018+3.2%+5.2%-0.9%
Q3 2018+7.0%+13.8%+10.8%
Q2 2018+17.2%+14.7%+1.2%
Q1 2018-5.2%+1.0%-2.7%
Q4 2017-5.6%-5.5%-2.0%
Q3 2017-9.7%-8.7%-7.5%
Q2 2017+8.6%+11.1%+11.2%
Q1 2017-7.3%-3.7%+6.6%
Q4 2016-7.7%-11.2%-5.1%
Q3 2016+0.8%-2.3%-2.8%
Q2 2016+1.5%-0.5%-12.9%
Q1 2016-9.0%
Q4 2015+1.5%
Q3 2015+8.4%
Q2 2015-7.5%
Q1 2015+1.7%
Q4 2014-6.2%
Q3 2014+0.9%
Q2 2014+1.9%
Q1 2014-13.8%
Q4 2013+3.1%
Q3 2013-13.7%
Q2 2013+7.9%
Q1 2013+25.1%
Q4 2012+2.0%
Q3 2012+0.5%
Q2 2012+4.0%
Q1 2012-1.6%
Q4 2011-1.6%
Q3 2011+0.9%
Q2 2011+3.6%
Q1 2011-3.8%
Q4 2010+3.7%
Q3 2010+9.6%
Q2 2010+6.8%
Q1 2010

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