"Tesla reported 2025 revenue of $94.8 billion, down 3 percent year-on-year and marking the first annual revenue decline since the electric car maker began publishing financial results in 2010. Quarterly revenue slipped to $24.9 billion, also down 3 percent year-on-year, even as the company narrowly beat analysts' expectations. Automotive revenue fell 11 percent to $17.7 billion in the quarter after Tesla delivered 418,227 cars in the final three months of 2025 - a 15.6 percent drop on the same period a year earlier."
"The slide comes as the EV market gets more crowded and less forgiving, with cheaper rivals such as China's BYD pushing harder on price and volume. It has also arrived at an awkward moment politically, with Musk's ties to Donald Trump sparking backlash among some customers and investors and muddying Tesla's once carefully managed image. Net income plunged 61 percent in the quarter to $840 million as operating expenses jumped 39 percent."
"The billionaire's answer is to sideline the cars that helped build Tesla in the first place. Production of the Model S and X is to wind down next quarter, with their Fremont factory space handed over to Optimus. Musk described the move as "slightly sad," while sketching a future where the site produces up to a million humanoid robots a year instead."
Tesla reported $94.8 billion in 2025 revenue, down 3% year-on-year and marking the first annual revenue decline since 2010. Quarterly revenue slipped to $24.9 billion, also down 3% year-on-year. Automotive revenue dropped 11% to $17.7 billion after deliveries of 418,227 cars in the final quarter, a 15.6% decline; full-year deliveries fell 8.6%, the steepest on record. Net income plunged 61% in the quarter to $840 million as operating expenses rose 39%, and annual profits fell 46% to $3.8 billion. Increased competition from lower-priced rivals like BYD and political backlash tied to Musk weighed on demand. Musk emphasized AI and robotics, announced winding down Model S/X production at Fremont, and plans to repurpose the site for Optimus humanoid-robot manufacturing while advancing paid robotaxi tests in Austin.
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