Core Viewpoint - Tesla's Q2 2025 financial results show a significant decline in revenue and net profit, attributed to various macroeconomic factors and changes in tax policies affecting the electric vehicle market [1][6]. Financial Performance - Q2 2025 revenue reached $22.496 billion, a 12% year-over-year decrease, falling short of Wall Street's expectation of $22.6 billion [1][6]. - Net profit for Q2 2025 was $1.172 billion, down 20.7% year-over-year, but exceeding the expected $1.135 billion [1][6]. - Gross margin stood at 17.2%, compared to 18% in the same period last year and above the market expectation of 16.5% [1][6]. - Total automotive revenues decreased by 16% year-over-year, while energy generation and storage revenue fell by 7% [2]. Sales and Deliveries - Tesla's global vehicle deliveries in Q2 2025 were approximately 384,000 units, a 13% decline year-over-year, marking the lowest delivery record since Q4 2022 [7]. - Model 3/Y deliveries accounted for 374,000 units, while other models, including Model S, Model X, Cybertruck, and Semi, totaled 10,000 units [7]. Market Challenges - The decline in revenue and profit is attributed to reduced vehicle delivery volumes, average selling prices, and regulatory credit income [6]. - Carbon credit revenue significantly decreased to $439 million from $890 million year-over-year, with expectations of continued decline due to changes in federal tax laws affecting electric vehicle subsidies [6]. Future Growth Prospects - CEO Elon Musk expressed confidence in Tesla's autonomous driving and robotics business, highlighting the potential expansion of Robotaxi services to cover half of the U.S. population by the end of the year [3][8]. - The Robotaxi pilot program has been initiated, with a fare increase from $4.20 to $6.90 per ride [8].
特斯拉2025年二季报：营收224.96亿美元 净利润同比下滑20.7%
Cai Jing Wang·2025-07-25 04:16