Tesla Inc

Latest Results (26.01.2026):

Tesla Inc — Q3 2025: The company reported total revenue of $28.1 billion (up 12% YoY), GAAP operating income of $1.6 billion, and GAAP net income of $1.37 billion. Non‑GAAP net income was $1.77 billion and diluted non‑GAAP EPS was $0.50. Tesla generated record free cash flow of nearly $4.0 billion, ended the quarter with $41.6 billion in cash, cash equivalents and investments, and achieved record vehicle deliveries and record energy storage deployments in Q3 2025.

Revenue and Profitability

Total revenue: $28.095B (+12% YoY). Automotive revenue $21.205B (+6%); Energy generation & storage $3.415B (+44%); Services & other $3.475B (+25%). GAAP operating income $1.624B (operating margin 5.8%); total GAAP gross margin 18.0% (down ~185 bps YoY). Adjusted EBITDA $4.227B (15.0% margin).

Net Income and EPS

GAAP net income attributable to common stockholders: $1.373B (diluted GAAP EPS $0.39). Non‑GAAP net income: $1.770B (non‑GAAP diluted EPS $0.50). Company notes adjustments for SBC, digital assets and presentation changes beginning in 2025.

Cash Flow and Liquidity

Net cash provided by operating activities: $6.238B. Capital expenditures: $2.248B. Free cash flow: $3.990B (record for the quarter). Cash, cash equivalents and investments: $41.647B, a sequential increase of ~$4.9B driven by higher free cash flow.

Automotive Production & Deliveries

Record total vehicle deliveries: 497,099 (+7% YoY). Model 3/Y deliveries: 481,166 (+9% YoY). Total production: 447,450 (-5% YoY). Global inventory days of supply: 10 (down 47% YoY). New vehicle variants launched including Model 3 and Model Y Standard, Model Y Performance and Model YL.

Energy & Services Highlights

Q3 energy storage deployments: 12.5 GWh (+81% YoY) — the highest quarterly deployments on record. Energy generation & storage gross profit reached a record ~$1.1B. Product launches: Megapack 3 and Megablock; new U.S. solar + Powerwall lease offering; Megapack 3 production expected at Megafactory Houston in 2026.

Core Technology & Autonomy

FSD (Supervised) v14 began deployment in October; Robotaxi ride‑hailing launched in the Bay Area and expanded in Austin. Tesla expanded AI training capacity to the equivalent of 81k H100 GPUs and rolled out vehicle features (Grok, Low Power Mode, Light Sync). App and Robotaxi waitlist expansion noted.

Outlook and Key Operating Items

Company cautions about near‑term uncertainty from shifting trade, tariff and fiscal policy but says liquidity is sufficient to fund roadmap and capacity expansion. Priorities include scaling deliveries and deployments, advancing autonomy/AI monetization, lithium refinery start in Texas expected Q4 2025, and LFP line ramp in Nevada expected Q1 2026; several volume production targets (Cybercab, Tesla Semi, Megapack 3) remain on schedule for 2026.