"Services-including the Supercharger network, which is now open to an increasing number of other makes of EV-also grew, increasing by 25 percent to $3.4 billion. EV deliveries increased by 7 percent to 497,099, most of which were the Model 3 sedan and Model Y crossover."
"Q3 saw a bigger profit decline than last quarter, and the first quarter wasn't great either, but despite that, the automaker isn't in much danger of falling behind on the rent. Free cash flow grew by 46 percent, and between cash, cash equivalents, and investments at the end of September, Tesla had $41.6 billion with which to pay for its future plans."
"Earlier this month, we learned that the electric vehicle manufacturer had a pretty good Q3 in terms of sales, which grew by 7.3 percent year over year and cleared out tens of thousands of cars from inventory in the process. However, that hasn't translated into greater profitability. Even though revenues grew by 12 percent to $28 billion compared to the same period last year, Tesla's operating expenses grew by 50 percent."
Tesla's Q3 2025 revenue increased 12% year over year to $28 billion, driven partly by a 44% rise in its battery and solar division to $3.4 billion and a 25% increase in services, including the Supercharger network, to $3.4 billion. Automotive revenue grew 6% to $21.2 billion while vehicle deliveries rose 7% to 497,099, led by Model 3 and Model Y. Operating expenses jumped 50%, cutting operating margin to 5.8% and causing net profit to fall 37% to $1.4 billion. Free cash flow improved 46%, and cash plus investments totaled $41.6 billion at quarter-end.
Read at Ars Technica
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