10-Q quarterly report · filed Oct 23, 2025

Tesla Inc (TSLA) Q3 2025 10-Q Quarterly Report

Short answer

Tesla Inc (TSLA) filed its Q3 2025 10-Q quarterly report on Oct 23, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $28.1B (up 11.6% year over year) with net income of $1.4B.

Q3 2025 key financials · XBRL

Revenue
$28.1B
+11.6% YoY · +24.9% QoQ
Net income
$1.4B
−36.6% YoY · +17.2% QoQ
Operating margin
5.8%
Gross margin
18.0%
EPS (diluted)
$0.39
−37.1% YoY · +18.2% QoQ

Source: XBRL data from the Tesla Inc (TSLA) Q3 2025 10-Q on SEC EDGAR. USD.

Tesla Inc Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $28.10B Q3 2025, up $2.91B (12%) YoY; nine months $69.93B, down $2.06B (3%) YoY
  • Gross margin Total Automotive 17.0% Q3 2025 vs 20.1% YoY; Automotive & Services 16.1% vs 18.7% YoY; Energy Gen & Storage 31.4% vs 30.5% YoY
  • Best segment Energy Generation and Storage revenue up 44% Q3 2025 to $3.42B, gross margin up to 31.4%; worst Automotive sales revenue down 9% YTD to $49.07B
  • Cash and investments increased $5.08B to $41.65B; operating cash flow up $825M to $10.93B YTD; capital expenditures down $2.43B to $6.13B YTD
  • Management highlights near-term risks from tariffs, regulatory changes affecting demand and costs; focus on AI, autonomy, Robotaxi expansion, factory ramp, cost reductions, with expected $9B capex in 2025

Risk Factors

  • No newly added or materially changed risk factors this quarter from the 2024 10-K and prior 10-Qs
  • Material regulatory risk continued regarding evolving EV emissions and safety standards globally affecting compliance costs
  • Operational risk focused on supply chain disruptions impacting production levels and delivery timelines
  • Market risk linked to competitive pressures in EV and energy storage sectors influencing demand and pricing
  • Financial risk from liquidity and debt management maintained with no reported changes to credit facilities or maturities

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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