Tesla Inc

Latest Results (12.03.2026):

Tesla Inc — Q4 2025: Tesla reported Q4 2025 GAAP operating income of $1.4 billion and GAAP net income of $0.8 billion (non‑GAAP net income $1.8 billion). Total Q4 revenues were $24.901 billion (-3% YoY) with total gross profit of $5.009 billion and a GAAP gross margin of 20.1%. The company generated $3.813 billion of operating cash flow and $1.420 billion of free cash flow in the quarter, and ended Q4 with $44.059 billion in cash, cash equivalents and investments.

Top-line and margins

Q4 total revenue $24.901B (-3% YoY). Automotive revenue $17.693B (-11% YoY); energy generation & storage $3.837B (+25% YoY); services & other $3.371B (+18% YoY). GAAP gross margin improved to 20.1% (up 386 bps YoY) and total gross profit was $5.009B.

Profitability

Q4 GAAP operating income $1.409B (operating margin 5.7%, -50 bps YoY). Q4 GAAP net income attributable to common stockholders $840M (diluted EPS $0.24, -60% YoY); non‑GAAP net income $1.761B (diluted non‑GAAP EPS $0.50).

Cash flow and balance sheet

Net cash provided by operating activities in Q4 was $3.813B; capital expenditures were $2.393B; free cash flow $1.420B. Cash and investments rose to $44.059B (up 21% YoY).

Production & deliveries

Q4 production was 434,358 vehicles (-5% YoY) and deliveries were 418,227 (-16% YoY). Model 3/Y production and deliveries remain the bulk of volumes (Model 3/Y production 422,652 in Q4).

Energy & storage strength

Record Q4 energy storage deployments at 14.2 GWh (+29% YoY), with Megapack deployments driving growth; energy generation & storage revenue grew 25% YoY in Q4.

AI, software & Robotaxi

Active FSD (Supervised) subscriptions reached ~1.1 million (+38% YoY). Company began limited removal of safety monitors from Robotaxis in Austin and expanded Robotaxi testing and ride services in Bay Area and select international markets.

Investment and strategic moves

Tesla noted ongoing investments in AI training compute (Cortex expansions), battery and lithium refining capacity, 4680 production and plans for production lines for Cybercab, Tesla Semi and Optimus — and announced a ~$2B investment in xAI (subject to closing), to support AI collaborations.

Outlook

Tesla reiterated focus on maximizing factory utilization, continued vertical integration, ramping new product lines (Cybercab, Semi, Megapack 3) in 2026, and expected future profit mix to shift toward AI, software and fleet‑based revenue streams. Summarized from source with an LLMView Source