Tesla(US:TSLA) Cai Jing Wang·2025-10-23 23:13Core Viewpoint - Tesla's Q3 2025 financial report shows record revenue but a significant decline in net profit, highlighting challenges in maintaining profitability despite increased sales [1][2]. Revenue and Profit Summary - Total revenue for Q3 2025 reached $28.095 billion, a 12% increase year-over-year [2][3]. - Net profit was $1.77 billion (non-GAAP), down 29% compared to the previous year [2][5]. - The revenue growth was driven by increased vehicle deliveries, energy production and storage, and service business [2][5]. Automotive and Energy Business Performance - Automotive revenue grew 6% to $21.2 billion, with approximately 497,000 vehicles delivered, a 7% increase year-over-year [6][10]. - Energy generation and storage revenue surged 44% to $3.415 billion, marking it as the fastest-growing segment [12]. - Operating expenses rose by 50%, attributed to investments in AI and other R&D projects [5][11]. Production and Delivery Metrics - Tesla produced about 447,450 vehicles in Q3 2025, with Model 3/Y deliveries at 481,166, reflecting a 9% increase [8][10]. - The company deployed 12.5 GWh of storage products, an 81% increase year-over-year [8][12]. Strategic Initiatives and Future Outlook - Tesla is focusing on expanding its AI and autonomous driving initiatives, including the Robotaxi service [11][12]. - The company plans to launch the Optimus humanoid robot and Megapack 4 in the near future, indicating a shift towards diversifying its business beyond automotive [12][14]. - CEO Elon Musk emphasized the importance of cautious deployment of Robotaxi services to mitigate risks [12][14].