Tesla(US:TSLA) Xin Lang Cai Jing·2025-10-23 15:26Core Insights - Tesla reported its Q3 2025 earnings, achieving total revenue of $28.1 billion, a 12% year-over-year increase, and free cash flow of $4 billion, setting records for both metrics [1] Financial Performance - Total automotive revenues reached $21.2 billion in Q3 2025, showing a significant increase compared to previous quarters [3] - Energy generation and storage revenue was $3.415 billion, marking a 44% year-over-year growth [2][3] - Services and other revenue amounted to $3.475 billion, reflecting a 25% increase [3] - Total gross profit for the quarter was $5.054 billion, with a gross margin of 18% [3] - Net income attributable to common stockholders (GAAP) was $1.373 billion, down 37% from the previous year [3] - Free cash flow was reported at $3.99 billion, a 46% increase compared to the previous quarter [3] Energy and Storage Business - Tesla's energy and storage business saw a record installation of 12.5 GWh in Q3 2025, driven by the Shanghai Gigafactory's capacity and the success of the Powerwall home storage system [4] - The company introduced the new Megablock industrial storage product, which includes four Megapack 3 systems, with mass production planned to start in 2026 at the Houston Gigafactory, targeting an annual capacity of 50 GWh [8] - Tesla launched a new leasing option for the "Solar + Powerwall" system in the U.S., which offers lower monthly payments compared to traditional loans and includes after-sales support for five years [10] - The company anticipates increased demand for energy products driven by the growth of the AI industry, as large enterprises and utility companies recognize the benefits of Megapack products for enhancing power reliability and alleviating grid pressure [10]