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 might be updating this text in actual time, so please preserve 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 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 ponder which Elon we are going to get on at present’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 staff 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 “greater and longer” over the previous few weeks. He said that the service space for Robotaxi providers in Austin will get even greater and longer quickly. He mentions the Robotaxi service’s growth 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 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 turned the best-selling automobile 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 characteristic–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 stated.
16:37 CT – Elon additionally talked about the launch of the Tesla Diner. “It is a very particular diner,” Musk stated, stating that the ability 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.
However, Elon famous that Tesla is making vital enhancements to its FSD software program, and that the corporate may most likely 10X the parameter rely from what customers are at present 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 said that the humanoid robotic is in its present second era. Its third era might be “beautiful,” the CEO famous.
“Tesla is by far the most effective on the earth in real-world AI,” Musk stated. He threw some shade at Waymo as effectively, stating that whereas Google is nice at AI, the tech big will not be nearly as good in real-world AI functions. All these years producing and designing vehicles matter.
“Tesla has the best intelligence density in AI up to now,” Musk stated. “Intelligence density might 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 might be ramping these initiatives as quick as doable, 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 performed,” Musk stated, referencing the corporate’s tendency to make the unimaginable really feel late. He additionally reiterated the concept that Tesla might be the omst invaluable firm on the earth if it executes very effectively.
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 automobiles.
He talked about that Tesla is seeing extra take a look at drives, and the corporate did begin the manufacturing of extra reasonably priced vehicles 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 seeking to expeedite the service’s approval.
As for technical and regulatory hurdles for Unsupervised FSD, Elon Musk said that he believes the characteristic ought to be obtainable in quite a few cities by the tip of the yr. Tesla, nevertheless, is being extraordinarily paranoid about security, so Unsupervised FSD’s rollout might be very, very cautious. Additionally, Tesla automobiles from Fremont may ship themselves to prospects autonomously by the tip of the yr.
16:58 CT – A query about Optimus was requested. Elon famous that Optimus V3 is the correct design for the humanoid robotic, because it has all of the levels of freedom vital to make sure that it could actually do duties very effectively. He additionally set expectations on Optimus’ ramp.
“If we do not make 100,000 OPtimus robots per 30 days in 60 months, I might be shocked,” Musk stated.
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 yr. As for Tesla investing in xAI, the CFO famous that this earnings name will not be the correct 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 alter the world.
An investor query about HW3 car was requested. Tesla famous that it’s targeted on rolling out Unsupervised FSD to HW4 vehicles first, then return to see what might be performed with HW3 vehicles.
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 tasks ought to nonetheless see development. “We’re forecasting a really sturdy 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 automobiles for now, however the firm has greater than 7,000 driverless miles in Austin up to now. Elon additionally emphasised that the Robotaxi service is designed for max consolation and security, and that the Cybercab is designed to be optimum in the case of value. “Price per mile for the Cybercab might be little,” Musk stated.
“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 could possibly be discsused within the upcoming annual shareholder assembly.
Elon joked that he needs to have sufficient management in Tesla that he can’t be ousted by activist buyers, however not software giant that he can’t be eliminated, simply in case he goes loopy. He reiterated the concept that he could 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 automobiles being put within the Robotaxi community. Elon admitted that Tesla has actually not considered it a lot, although the corporate is extremetly targeted on security.
Goldman Sachs requested if Tesla may touch upon FSD subscription tendencies. Tesla famous that since FSD V12 was launched in North America, there was a notable enchancment in client adoption. When requested if extra value changes for FSD ought to be anticipated, Elon famous that Tesla is in a transition interval in the US. He admitted that Tesla may have a number of tough quarters, however as soon as autonomy is at scale, he could be shocked 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 might seem like. Elon Musk joked that it might simply seem like the Mannequin Y. He additionally famous that folks want Teslas, however the vehicles are nonetheless not reasonably priced sufficient.
When requested about xAI and Tesla, Elon Musk defined that the 2 corporations 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!
