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 dwell 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 dwell weblog. Tesla had a reasonably large quarter, and whereas the corporate’s automobile 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? Shall be get tremendous locked-in Elon, critical Elon, or lighthearted Elon? Whichever Elon we get, TSLA inventory will in all probability present some response in after-hours buying and selling.
16:30 CT – Travis Axelrod of Tesla’s Investor Relations workforce 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 companies in Austin will get even larger and longer quickly. He mentions the Robotaxi service’s growth to the Bay Space, Arizona, and Florida within the coming months.
“I believe we’ll have Robotaxi in half the inhabitants of the US by the tip of the 12 months?” 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 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 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 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.
However, Elon famous that Tesla is making vital enhancements to its FSD software program, and that the corporate might in all probability 10X the parameter depend from what customers are at present experiencing.
16:43 CT – The CEO additionally highlghted the expansion of Tesla Power, which he famous was a “actually massive deal.” As for Optimus, Musk acknowledged 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 planet in real-world AI,” Musk stated. He threw some shade at Waymo as properly, stating that whereas Google is nice at AI, the tech big will not be pretty much as good in real-world AI functions. All these years producing and designing automobiles matter.
“Tesla has the very best intelligence density in AI to this point,” Musk stated. “Intelligence density might be a really massive deal sooner or later.”
16:46 CT – Musk acknowledged that Tesla will in all probability see prototypes of Optimus Model 3 this 12 months, and scale manufacturing subsequent 12 months. Tesla might be ramping these initiatives as quick as attainable, contemplating the corporate’s aspirations to supply hundreds of thousands of Optimus robots per 12 months. Musk believes {that a} fee of 1 million Optimus robots per 12 months is possible inside 5 years.
“We’re not all the time on time, however we get it executed,” Musk stated, referencing the corporate’s tendency to make the unimaginable really feel late. He additionally reiterated the concept that Tesla will be the omst worthwhile firm on the 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 results of the Trump administration’s regulatory adjustments for electrical automobiles.
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 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 seeking to expeedite the service’s approval.
As for technical and regulatory hurdles for Unsupervised FSD, Elon Musk acknowledged that he believes the function ought to be out there in various cities by the tip of the 12 months. Tesla, nevertheless, is being extraordinarily paranoid about security, so Unsupervised FSD’s rollout might be very, very cautious. Additionally, Tesla automobiles from Fremont might ship themselves to clients autonomously by the tip of the 12 months.
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 do duties very properly. He additionally set expectations on Optimus’ ramp.
“If we don’t make 100,000 OPtimus robots monthly in 60 months, I might 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 anticipated 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 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 vary the world.
An investor query about HW3 automobile was requested. Tesla famous that it’s targeted 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 rules 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 sturdy second half of the 12 months,” the corporate famous. Tesla is anticipated 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 automobiles 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 optimum consolation and security, and that the Cybercab is designed to be optimum in relation to price. “Value per mile for the Cybercab might be little,” Musk stated.
“Tesla Roboatxi fleet will go from tiny to gigantic in in all probability a really brief time period,” 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 it is 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 desires to have sufficient management in Tesla that he can’t be ousted by activist traders, however not device massive 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 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 might touch upon FSD subscription developments. 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 america. He admitted that Tesla might have a couple of tough quarters, however as soon as autonomy is at scale, he can be stunned 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 might appear to be. Elon Musk joked that it might 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 totally 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 subsequent time!
