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 will probably be updating this text in actual time, so please hold refreshing the web page to view the most recent updates on this story.
16:22 CT – Good day to everybody, and welcome to a different Tesla earnings name reside weblog. Tesla had a reasonably 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. Curiously 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, nevertheless, is up:
16:28 CT – I’m wondering which Elon we are going to get on right now’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 group 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 said that the service space for Robotaxi companies 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 top of the yr?” Musk stated, 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 grew to become the best-selling automobile in a number of international locations in n Türkiye, Netherlands, Switzerland and Austria in June. This was regardless of the Mannequin Y promoting in these international locations 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 only greatest demand driver,” Musk stated.
16:37 CT – Elon additionally talked about the launch of the Tesla Diner. “This can be a very particular diner,” Musk stated, 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 sort of one thing.
Then again, Elon famous that Tesla is making important enhancements to its FSD software program, and that the corporate may most likely 10X the parameter depend from what customers are presently experiencing.
16:43 CT – The CEO additionally highlghted the expansion of Tesla Power, which he famous was a “actually large deal.” As for Optimus, Musk said that the humanoid robotic is in its present second era. Its third era will probably be “beautiful,” the CEO famous.
“Tesla is by far the perfect on the planet in real-world AI,” Musk stated. He threw some shade at Waymo as nicely, stating that whereas Google is nice at AI, the tech large just isn’t pretty much as good in real-world AI purposes. All these years producing and designing automobiles matter.
“Tesla has the very best intelligence density in AI to this point,” Musk stated. “Intelligence density will probably be a really large deal sooner or later.”
16:46 CT – Musk said that Tesla will most likely see prototypes of Optimus Model 3 this yr, and scale manufacturing subsequent yr. Tesla will probably be ramping these initiatives as quick as potential, contemplating the corporate’s aspirations to supply hundreds of thousands of Optimus robots per yr. Musk believes {that a} fee of 1 million Optimus robots per yr is possible inside 5 years.
“We’re not at all times on time, however we get it executed,” Musk stated, referencing the corporate’s tendency to make the not possible really feel late. He additionally reiterated the concept Tesla will be the omst beneficial firm on the planet if it executes very nicely.
16:50 CT – Tesla CFO Vaibhav Taneja talked about the corporate’s milestone of delivering a automobile 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 inexpensive automobiles within the first half of the yr, with quantity manufacturing deliberate for the second half of the yr.
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 said that he believes the function ought to be accessible in various cities by the top of the yr. Tesla, nevertheless, is being extraordinarily paranoid about security, so Unsupervised FSD’s rollout will probably be very, very cautious. Additionally, Tesla autos from Fremont may ship themselves to prospects autonomously by the top of the yr.
16:58 CT – A query about Optimus was requested. Elon famous that Optimus V3 is the precise design for the humanoid robotic, because it has all of the levels of freedom crucial to make sure that it could do duties very nicely. He additionally set expectations on Optimus’ ramp.
“If we do not make 100,000 OPtimus robots monthly in 60 months, I will probably be shocked,” Musk stated.
One other query was requested about Tesla’s inexpensive mannequin. Tesla famous that manufacturing did begin within the first half of 2025, and a ramp is predicted within the remaining months of the yr. As for Tesla investing in xAI, the CFO famous that this earnings name just isn’t the precise venue to debate such issues.
17:07 CT – Elon Musk admitted that he’s creating one other Grasp Plan. He reiterated the concept 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 will be executed with HW3 automobiles.
As for a way the Trump administration’s laws may have an effect on Megapack gross sales, Tesla famous that it nonetheless believes photo voltaic and battery initiatives ought to nonetheless see progress. “We’re forecasting a really robust second half of the yr,” the corporate famous. Tesla is predicted to launch its third Megafactory in Houston subsequent yr.
17:11 CT – Analyst questions start. The analyst asks if Tesla may 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 on the subject of price. “Value per mile for the Cybercab will probably be little,” Musk stated.
“Tesla Roboatxi fleet will go from tiny to gigantic in most likely a really quick time period,” Musk added.
17:15 CT – Adam Jonas of Morgan Stanley requested if Elon is comfy with having simply 13% management of Tesla. Elon Musk admitted that it is a main concern for him, and he’s hoping that the subject may very well 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 traders, however not device giant that he can’t be eliminated, simply in case he goes loopy. He reiterated the concept he can be joined by a number of Optimus robots onstage on the upcoming annual shareholder assembly.
17:21 CT – Barclays asks Elon concerning the thought of placing non-Tesla autos being put within the Robotaxi community. Elon admitted that Tesla has actually not thought of it a lot, although the corporate is extremetly centered on security.
Goldman Sachs requested if Tesla may 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 value changes for FSD ought to be anticipated, Elon famous that Tesla is in a transition interval in the USA. He admitted that Tesla may have a number of tough quarters, however as soon as autonomy is at scale, he can be shocked if Tesla’s economics will not be compelling.
17:29 CT – Truist requested about Tesla’s extra inexpensive fashions and any updates on what it could appear to be. Elon Musk joked that it could simply appear to be the Mannequin Y. He additionally famous that individuals need Teslas, however the automobiles are nonetheless not inexpensive sufficient.
When requested about xAI and Tesla, Elon Musk defined that the 2 firms are very completely different. He famous that there are additionally some people who wish to work in xAI however not Tesla, and vice versa. Would they wish 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 lined this occasion. Till the following time!
