Tesla’s (NASDAQ:TSLA) earnings name comes on the heels of the corporate’s Q2 2025 replace letter, which was launched after the closing bell on July 23, 2025.
Tesla’s Q1 2025 Outcomes:
Complete Revenues: $22.5 billion
Complete automotive revenues: $16.7 billion
Complete GAAP gross margin: 17.2%
Gross Revenue: $3.88 billion
EPS non-GAAP: $0.40 per share
The next are reside updates from Tesla’s Q2 2025 earnings name. I can be updating this text in actual time, so please hold refreshing the web page to view the newest updates on this story.
16:22 CT – Good day to everybody, and welcome to a different Tesla earnings name reside weblog. Tesla had a fairly large quarter, and whereas the corporate’s car deliveries are nonetheless down year-over-year, the Robotaxi pilot has been launched in Austin.
Now to see if this earnings name begins on time. Apparently sufficient, the EV maker has not posted a hyperlink to its Q2 2025 earnings name livestream on its official @Tesla X account but.
16:26 CT – The earnings name’s livestream on YouTube, nonetheless, is up:
16:28 CT – I’m wondering which Elon we’ll get on as we speak’s earnings name? Will probably be get tremendous locked-in Elon, severe Elon, or lighthearted Elon? Whichever Elon we get, TSLA inventory will most likely present some response in after-hours buying and selling.
16:30 CT – Travis Axelrod of Tesla’s Investor Relations crew opens the decision. He states that Tesla CEO Elon Musk and different executives are current. And, right here’s Elon’s opening remarks.
16:33 CT – Elon opens with the launch of Tesla’s Robotaxi service in Austin, which has gotten “larger and longer” over the previous few weeks. He acknowledged that the service space for Robotaxi providers in Austin will get even larger and longer quickly. He mentions the Robotaxi service’s enlargement to the Bay Space, Arizona, and Florida within the coming months.
“I feel we’ll have Robotaxi in half the inhabitants of the US by the tip of the 12 months?” Musk mentioned, highlighting that that is topic to regulatory approval. He added that Tesla is increasing its Robotaxi service cautiously.
16:35 CT – Elon famous that the Mannequin Y turned the best-selling automotive in a number of nations in n Türkiye, Netherlands, Switzerland and Austria in June. This was regardless of the Mannequin Y promoting in these nations with out its killer function–FSD. Regardless of the regulatory challenges, Elon famous that Tesla will get these approvals, and he’s hoping that some areas in Europe ought to expertise FSD within the coming months. “It truly is the one largest demand driver,” Musk mentioned.
16:37 CT – Elon additionally talked about the launch of the Tesla Diner. “This can be a very particular diner,” Musk mentioned, stating that the power is a “shining beacon of hope.” He joked that it’s uncommon {that a} diner makes the information, however the newly launched restaurant is kind of one thing.
Then again, Elon famous that Tesla is making vital enhancements to its FSD software program, and that the corporate might most likely 10X the parameter depend from what customers are presently experiencing.
16:43 CT – The CEO additionally highlghted the expansion of Tesla Vitality, which he famous was a “actually large deal.” As for Optimus, Musk acknowledged that the humanoid robotic is in its present second technology. Its third technology can be “beautiful,” the CEO famous.
“Tesla is by far the most effective on this planet in real-world AI,” Musk mentioned. He threw some shade at Waymo as properly, stating that whereas Google is nice at AI, the tech large will not be pretty much as good in real-world AI functions. All these years producing and designing automobiles matter.
“Tesla has the best intelligence density in AI to this point,” Musk mentioned. “Intelligence density can be a really large deal sooner or later.”
16:46 CT – Musk acknowledged that Tesla will most likely see prototypes of Optimus Model 3 this 12 months, and scale manufacturing subsequent 12 months. Tesla can be ramping these initiatives as quick as doable, contemplating the corporate’s aspirations to supply hundreds of thousands of Optimus robots per 12 months. Musk believes {that a} charge of 1 million Optimus robots per 12 months is possible inside 5 years.
“We’re not at all times on time, however we get it executed,” Musk mentioned, referencing the corporate’s tendency to make the unattainable really feel late. He additionally reiterated the concept that Tesla might be the omst beneficial firm on this planet if it executes very properly.
16:50 CT – Tesla CFO Vaibhav Taneja talked about the corporate’s milestone of delivering a automotive autonomously to a buyer for the primary time in Q2. He additionally talked about the consequences of the Trump administration’s regulatory adjustments for electrical autos.
He talked about that Tesla is seeing extra check drives, and the corporate did begin the manufacturing of extra reasonably priced automobiles within the first half of the 12 months, with quantity manufacturing deliberate for the second half of the 12 months.
16:55 CT – Investor questions start with an inquiry about Tesla Robotaxis. Tesla famous that it expects to 10X its present operation within the coming months. The Bay Space is subsequent, and Tesla is trying to expeedite the service’s approval.
As for technical and regulatory hurdles for Unsupervised FSD, Elon Musk acknowledged that he believes the function must be accessible in quite a lot of cities by the tip of the 12 months. Tesla, nonetheless, is being extraordinarily paranoid about security, so Unsupervised FSD’s rollout can be very, very cautious. Additionally, Tesla autos from Fremont might ship themselves to prospects autonomously by the tip of the 12 months.
16:58 CT – A query about Optimus was requested. Elon famous that Optimus V3 is the appropriate design for the humanoid robotic, because it has all of the levels of freedom vital to make sure that it may do duties very properly. He additionally set expectations on Optimus’ ramp.
“If we do not make 100,000 OPtimus robots monthly in 60 months, I can be shocked,” Musk mentioned.
One other query was requested about Tesla’s reasonably priced mannequin. Tesla famous that manufacturing did begin within the first half of 2025, and a ramp is predicted within the remaining months of the 12 months. As for Tesla investing in xAI, the CFO famous that this earnings name will not be the appropriate venue to debate such issues.
17:07 CT – Elon Musk admitted that he’s creating one other Grasp Plan. He reiterated the concept that the way forward for Tesla is thrilling, and the corporate has the potential to vary the world.
An investor query about HW3 car was requested. Tesla famous that it’s centered on rolling out Unsupervised FSD to HW4 automobiles first, then return to see what might be executed with HW3 automobiles.
As for the way the Trump administration’s laws might have an effect on Megapack gross sales, Tesla famous that it nonetheless believes photo voltaic and battery initiatives ought to nonetheless see development. “We’re forecasting a really robust second half of the 12 months,” the corporate famous. Tesla is predicted to launch its third Megafactory in Houston subsequent 12 months.
17:11 CT – Analyst questions start. The analyst asks if Tesla might share KPIs on Tesla’s Robotaxi rollout. Tesla famous that it solely has a handful of autos for now, however the firm has greater than 7,000 driverless miles in Austin to this point. Elon additionally emphasised that the Robotaxi service is designed for max consolation and security, and that the Cybercab is designed to be optimum relating to price. “Value per mile for the Cybercab can be little,” Musk mentioned.
“Tesla Roboatxi fleet will go from tiny to gigantic in most likely a really brief time frame,” Musk added.
17:15 CT – Adam Jonas of Morgan Stanley requested if Elon is snug with having simply 13% management of Tesla. Elon Musk admitted that this can be a main concern for him, and he’s hoping that the subject might be discsused within the upcoming annual shareholder assembly.
Elon joked that he desires to have sufficient management in Tesla that he can’t be ousted by activist buyers, however not device giant that he can’t be eliminated, simply in case he goes loopy. He reiterated the concept that he can be joined by a number of Optimus robots onstage on the upcoming annual shareholder assembly.
17:21 CT – Barclays asks Elon in regards to the concept of placing non-Tesla autos being put within the Robotaxi community. Elon admitted that Tesla has actually not considered it a lot, although the corporate is extremetly centered on security.
Goldman Sachs requested if Tesla might touch upon FSD subscription developments. Tesla famous that since FSD V12 was launched in North America, there was a notable enchancment in shopper adoption. When requested if extra worth changes for FSD must be anticipated, Elon famous that Tesla is in a transition interval in the US. He admitted that Tesla might have a number of tough quarters, however as soon as autonomy is at scale, he can be stunned if Tesla’s economics should not compelling.
17:29 CT – Truist requested about Tesla’s extra reasonably priced fashions and any updates on what it could seem like. Elon Musk joked that it could simply seem like the Mannequin Y. He additionally famous that folks need Teslas, however the automobiles are nonetheless not reasonably priced sufficient.
When requested about xAI and Tesla, Elon Musk defined that the 2 corporations are very totally different. He famous that there are additionally some those who prefer to work in xAI however not Tesla, and vice versa. Would they prefer to work on superintelligence, or real-world AI? Each are compelling endeavors.
17:30 CT – And that wraps up Tesla’s second quarter 2025 earnings name! Thanks a lot for following alongside as we coated this occasion. Till the following time!
