Tesla Inc

Latest Results (24.04.2026):

Tesla Inc. Q4 2025: Tesla reported Q4 2025 revenue of $24.901 billion (down 3% YoY) and GAAP operating income of $1.4 billion, with GAAP net income attributable to common stockholders of $0.84 billion and diluted GAAP EPS of $0.24. Total gross profit was $5.009 billion (GAAP gross margin 20.1%). Operating cash flow for the quarter was $3.813 billion and free cash flow was $1.420 billion; cash, cash equivalents and investments ended the quarter at $44.059 billion. For full-year 2025, Tesla reported $94.827 billion in revenue, $4.4 billion GAAP operating income and $3.8 billion GAAP net income, with free cash flow of $6.22 billion and a $7.5 billion increase in cash and investments year-over-year.

Revenue and margins

Q4 2025 total revenue: $24.901B (-3% YoY). Total gross profit: $5.009B; GAAP gross margin improved to 20.1% (up ~386 bps YoY), driven by margin gains despite lower automotive sales.

Profitability

Q4 GAAP operating income was $1.409B and GAAP net income was $0.84B. Adjusted EBITDA for the quarter was $4.154B with an adjusted EBITDA margin of 16.7%.

Cash flow and liquidity

Operating cash flow in Q4 2025 was $3.813B, capex $2.393B, producing free cash flow of $1.420B. Cash and investments rose to $44.059B at quarter end (a $7.5B increase for FY 2025).

Production & deliveries

Q4 2025 production totaled 434,358 vehicles and deliveries were 418,227 (down 16% YoY). Model 3/Y deliveries were 406,585. APAC delivered a quarterly record for vehicle deliveries.

Energy & storage

Energy generation and storage revenue for Q4 was $3.837B (+25% YoY). Q4 storage deployed reached 14.2 GWh; full-year 2025 storage deployments were a record 46.7 GWh (up 49% YoY), driven by Megapack deployments.

AI, software & Robotaxi progress

Tesla continued FSD (Supervised) development (v14), grew active FSD subscriptions to ~1.1M, and advanced Robotaxi testing—driverless tests began in Austin (Dec) with limited removal of the safety monitor in Jan. In-house AI inference chips (AI5/AI6) are under development with production targeted in 2027–2028.

Outlook, investments & production roadmap

Tesla reiterated 2026 volume ramps (Cybercab, Tesla Semi, Megapack 3) and first-generation Optimus production lines in installation ahead of planned robot volume production. The company also disclosed a ~$2B investment in xAI (announced Jan 2026) to support AI collaboration and capabilities.