Tesla profit tanked 46% in 2025
10 days ago
- #Tesla
- #Electric Vehicles
- #AI
- Tesla's profit fell 46% in 2025 compared to the prior year.
- CEO Elon Musk assumed a role in the Trump administration, and federal EV subsidies were killed by Congress, impacting sales.
- Tesla reported $3.8 billion in profit in 2025, its lowest in years, with car sales revenue down 11% year-over-year.
- The company shipped 1.63 million cars globally in 2025, marking the second consecutive year of declining sales.
- Tesla beat Wall Street's earnings and revenue estimates, boosting shares in after-market trading.
- The company is shifting focus from hardware to AI, investing $2 billion in Elon Musk's xAI startup.
- Revenue from solar and energy storage grew 25%, while services revenue (including FSD software) rose 18%.
- Tesla Semi and Cybercab are expected to enter production in the first half of this year.
- Tesla is piloting lithium refinery production in Texas and developing new in-house inference chips for autonomy and robotics.
- The third-generation Optimus robot is set to be revealed in Q1 this year.