"Automotive: Record deliveries were led by Model 3/Y at 481,166 deliveries (production 435,826) with "Other Models" at 15,933 deliveries (production 11,624), and about 2% of deliveries under operating lease accounting, pointing to mix and pricing dynamics supporting volume at the expense of margin. Energy: Storage deployments hit 12.5 GWh, an all-time high, with analysts and coverage noting energy's role as a stabilizer given higher margins versus automotive during price-competitive periods."
"Tesla's Q3 2025 update reports record vehicle deliveries and record energy storage deployments, alongside higher revenue, but earnings pressure persisted due to margin headwinds and a likely pull-forward of demand before U.S. EV tax credits expired in September. Shares dipped about 1.4% in after-hours trading as investors appeared to brace for softer demand through the remainder of the year. CEO Elon Musk is expected to give more detail on the company's quarterly earnings call at 5:30 p.m. Eastern time."
Tesla delivered 497,099 vehicles in Q3 2025, a new quarterly record, with total production of 447,450 units and inventory drawn down to meet a demand surge ahead of the federal EV tax credit expiry. Revenue reached about $28.1 billion while non-GAAP EPS was around $0.50, below year-ago levels as automotive margins remained compressed. U.S. buyers accelerated purchases before Sept. 30, boosting Q3 and creating a risk of softer Q4 demand. Model 3/Y led automotive volume with 481,166 deliveries and Other Models delivered 15,933. Energy storage deployments hit a record 12.5 GWh. Shares dipped about 1.4% after hours, and CEO Elon Musk will provide more detail on the earnings call at 5:30 p.m. Eastern.
Read at Fortune
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