Xin Hua Cai Jing·2025-10-23 04:18Core Insights - Tesla reported a 12% year-on-year increase in total revenue for Q3 2025, reaching $28.1 billion, with free cash flow hitting a record $4 billion [2] - Adjusted net profit for Q3 2025 was $1.77 billion, a 29% decline compared to the previous year, with earnings per share at $0.39, down from $0.62 [2] - The company delivered a record 497,000 vehicles globally in Q3 2025, driven by a diversified product lineup, including the new Model Y L in China [3][4] Financial Performance - Total revenue for Q3 2025 was $28.1 billion, a 12% increase year-on-year [2] - Free cash flow reached $4 billion, setting a new record for the company [2] - Adjusted net profit was $1.77 billion, a decrease of 29% year-on-year, with earnings per share at $0.39 [2] Vehicle Production and Deliveries - Tesla produced approximately 447,000 electric vehicles in Q3 2025 and delivered 497,000, marking a historical high [2][3] - The introduction of the Model Y L in China significantly boosted sales, with the vehicle quickly becoming the most popular model in stores [3] - In September, Tesla's wholesale sales in China exceeded 90,000 units, a 2.8% year-on-year increase, with Q3 wholesale volume nearing 170,000 units, up 31% quarter-on-quarter [3][4] Market Expansion and Product Development - Tesla's Shanghai factory is ramping up production to meet demand in the domestic and Asia-Pacific markets [4] - The Model Y has become the best-selling vehicle in several European markets, including Norway, Switzerland, and Finland [4] - Tesla's global charging network expanded by over 3,500 superchargers in Q3, with an 18% year-on-year growth [4][5] Technological Advancements - Tesla is advancing its AI capabilities, focusing on autonomous driving and humanoid robots, with plans to release the third-generation humanoid robot in Q1 2026 [6][7] - The company has begun rolling out the FSD V14 version, enhancing the Robotaxi's capabilities [6] - Tesla is collaborating with Samsung to produce AI chips in the U.S. to support its AI training needs [7] Energy Storage Business - Tesla's energy storage segment achieved a record installation of 12.5 GWh in Q3 2025, with a gross profit of $1.1 billion [8] - The company introduced a new industrial energy storage solution, Megablock, aimed at simplifying deployment and integration [8] - Plans for a fourth-generation Megapack are underway, which will streamline the deployment process by integrating conventional substation components [8]