Tesla(US:TSLA) Mei Ri Jing Ji Xin Wen·2025-10-23 11:27Core Insights - Tesla reported Q3 2025 revenue of $28.1 billion, a 12% year-over-year increase, but net profit fell 29% to $1.77 billion (non-GAAP) [2][3] - Following the earnings announcement, Tesla's stock price dropped nearly 5% [2] - CEO Elon Musk announced plans to launch the Optimus V3 humanoid robot in Q1 2026 and aims to operate Robotaxi services in 8-10 regions by year-end [2][9] Financial Performance - Q3 2025 revenue breakdown: automotive revenue increased 6% to $21.2 billion, energy generation and storage revenue surged 44% to $3.42 billion, and services and other revenue rose 25% to $3.48 billion [3][4] - Total gross profit was $5.05 billion, with a GAAP gross margin of 18.0%, reflecting a decrease of 185 basis points year-over-year [4] - Operating expenses increased by 50% to $3.43 billion, leading to a significant drop in operating income [4] Production and Delivery - Tesla's global production in Q3 2025 was 447,400 vehicles, a 4.8% year-over-year decline, while global deliveries reached 497,000 vehicles, a 7.4% increase [5][6] - Model 3 and Model Y deliveries accounted for 481,100 units, up 9% year-over-year, while other models saw a 30% decline in deliveries [5][6] Market Dynamics - In China, Tesla's sales in Q3 2025 reached 169,200 units, a 31% quarter-over-quarter increase, despite a 5.4% decline in the first half of the year [7][8] - Tesla has introduced several new models and promotional policies in China to enhance market competitiveness [7][8] Strategic Focus - Tesla is shifting its focus towards AI and robotics, with plans for the Optimus humanoid robot and advancements in full self-driving (FSD) technology [9][14] - The company aims to have 80% of its future value derived from robotics, moving away from its previous target of delivering 20 million vehicles annually by 2030 [9][13]