"Earlier this month, Tesla revealed its sales and production numbers for the fourth quarter of 2025, with a 16 percent decline compared to Q4 2024. Now we know the cost of those lost sales: Automotive revenues fell by 11 percent to $17.7 billion. Happily for Tesla, double-digit growth in its energy storage business ($3.8 billion, an increase of 25 percent) and services ($3.4 billion, an increase of 18 percent) made up some of the shortfall."
"Although total revenue for the quarter fell by 3 percent, Tesla's operating profits grew by 20 percent. But declining income from operations, which also got much more expensive, saw Tesla's net profit plummet 61 percent, to $840 million. Without the $542 million from regulatory credits, things would have looked even bleaker. A bad 2025 Selling 418,227 cars in 2025 generated $69.5 billion in revenue, 10 percent less than Tesla's 2024 revenue."
Tesla experienced its first year-over-year revenue decline in 2025, driven primarily by weaker automotive sales. Automotive revenues fell 11 percent in Q4 and total vehicle revenue declined 10 percent year over year on sales of 418,227 cars, generating $69.5 billion. Energy storage revenue rose 27 percent to $12.7 billion and services grew 19 percent to $12.5 billion, helping to offset some losses. Quarterly total revenue fell 3 percent while operating profits increased 20 percent. Net profit dropped 61 percent to $840 million, with $542 million in regulatory credits cushioning the result.
Read at Ars Technica
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