Tesla(US:TSLA) Sou Hu Cai Jing·2025-10-23 01:29Core Insights - Tesla reported record high revenue for Q3 2025 at $28.1 billion, a 12% year-over-year increase, but net income fell short of expectations, leading to a nearly 5% drop in stock price post-announcement [2][4] Financial Performance - Total revenue reached $28.1 billion, exceeding analyst expectations of $26.37 billion [2] - Net profit was $1.77 billion (non-GAAP), down 29% year-over-year, with adjusted earnings per share (EPS) at $0.50, below the expected $0.54 [2][4] - Automotive revenue grew 6% to $21.2 billion, driven by record vehicle deliveries of 497,000 units, a 7.4% increase year-over-year [4] - Energy generation and storage revenue surged 44% to $3.42 billion, marking the fastest-growing segment [4] Market Performance - Tesla's gross margin for automotive sales was 15.4%, slightly below the average expectation of 15.6% [4] - The company experienced a significant increase in sales in China, with Q3 deliveries reaching 169,200 units, a 31% quarter-over-quarter increase [4] Strategic Developments - CEO Elon Musk announced collaborations with TSMC and Samsung for the design of Tesla's AI5 chip, which is expected to outperform the AI4 chip by 40 times [5] - Tesla is actively developing the Megapack 4 fixed storage product and plans to launch the Optimus V3 humanoid robot in Q1 next year [5] - The company aims to operate Robotaxi services in 8-10 regions by the end of the year, with full autonomous operations expected in Austin [5]