- Tesla said revenue in the third quarter increased 12% to $28.1 billion.
- The company reported year-over-year revenue declines in each of the prior two quarters.
- Earnings missed estimates as capital expenditures jumped.
Tesla reported a 12% increase in third quarter revenue on Wednesday following two straight periods of declines. However, earnings missed analyst estimates, pushing the stock down about 3% in extended trading.
Here’s how the company did compared with estimates from analysts polled by LSEG:
- Earnings per share: 50 cents adjusted vs. 54 cents estimated
- Revenue: $28.10 billion vs. $26.37 billion estimated
Total revenue climbed from $25.18 billion a year earlier. Automotive revenue increased 6% to $21.2 billion from $20 billion in the year-ago period, Tesla said.
Net income fell 37% to $1.37 billion, or 39 cents per share, from $2.17 billion, or 62 cents per share a year earlier. The profit drop reflected lower EV prices and a 50% increase in operating expenses, which the company said was in part due to artificial intelligence and “other R&D projects.”
Source: https://www.cnbc.com/2025/10/22/tesla-tsla-q3-2025-earnings-report.html