Tesla reports Q2 results with double-digit declines in revenue, net income

Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. [Photo/Xinhua]

Top U.S. electric automaker Tesla Inc. on Wednesday reported its financial results for the second quarter of 2025, with total revenue falling 12 percent year over year to 22.5 billion U.S. dollars.

The company posted a gross profit of 3.88 billion dollars for the quarter, down 15 percent from the same period last year, while earnings dropped to 33 cents per share, compared to 40 cents a year earlier.

Tesla's total automotive revenue for the quarter came in at 16.66 billion dollars, marking a 16 percent decline year over year.

Tesla reported production of 396,835 Model 3 and Model Y vehicles in the second quarter, with deliveries totaling 373,728. The company also produced 13,409 units of its other models and delivered 10,394.

Gigafactory Shanghai remains the company's main export hub and continues to support greater market expansion. "We continue to prepare for broader release of FSD (Supervised) in China this year, pending regulatory approval," Tesla said in its financial report.

Tesla admitted that shifting tariffs as well as unclear impacts from changes to fiscal policy and political sentiment have caused a sustained uncertain macroeconomic environment, confirming that the company will continue to make high-value investments in capital expenditure and R&D, while ensuring a strong balance sheet.

The quarter was a seminal point in Tesla's history, the beginning of its transition from leading the electric vehicle and renewable energy industries to also becoming a leader in AI, robotics and related services, the company said.

Tesla launched its first Robotaxi service in Austin, Texas, in June. The company also plans to begin volume production of a newly unveiled, more affordable model in the second half of 2025. Meanwhile, development continued on the Semi and Cybercab, both scheduled for volume production in 2026.