Tesla reported a profitable third quarter today — its first this year — as shoppers scrambled to snatch up the company’s EVs in record numbers before the federal EV tax credit expired. Tesla said it earned $1.4 billion in net income on $28.1 billion in revenue in the quarter that ended in September. That’s 12 percent increase in revenue but a 37 percent decrease in profits over the third quarter of 2024, when the company earned $2.2 billion in net income on $25.2 billion in revenue. Tesla’s revenue came in above Wall Street expectations of $26.24 billion, according to data compiled by LSEG. Tesla was widely expected to have a relatively good quarter as a result of the expiration of the $7,500 federal EV tax credit on September 30th. The company sold a record number of EVs in the third quarter, delivering a total of 497,099 vehicles, a 7.4 percent increase compared to the third quarter of 2024. Tesla also sold around 50,000 more vehicles than it produced, helping reduce the extra inventory that’s been building up for the first half of the year. But this is likely to be a rare positive quarter in an otherwise dour year for Tesla. The company reported its first year-over-year sales drop in 2024 and is expected to do the same at the end of this year, with analysts predicting an 8.5 percent decline. In addition to an aging lineup of vehicles, Tesla is also facing stiffer competition in all major markets than it ever has before. And Elon Musk’s far-right political rhetoric, and his donations and work for the Trump administration, have repelled many of the company’s liberal customers. Read more: [https://www.theverge.com/news/803886/tesla-q3-2025-earnings-revenue-profit-ev-elon-musk](https://www.theverge.com/news/803886/tesla-q3-2025-earnings-revenue-profit-ev-elon-musk)
Buy buy buy the stock
It makes me sad people are still buying Tesla cars. Roman salute and all.
waiiit for it
All those people rushing to buy cars before the credit expires and still made less profit than last year. Earnings per share of $0.5 compared to $0.6 this time last year. (Revenue is admittedly up though)
Fuck those nazi fucks, and fuck all of their nazi customers.
I’m not sure I believe it. Musk fired the head of sales and replaced him with himself. Don’t trust any numbers coming out of Tesla right now.
Revenue is up. Profits and margins are down.
"Update: Cat bounces after falling 108 floors off the top of the Sears Tower. Based on current trajectory, his corpse will be back to the second story by this time tomorrow!" We all knew a bump would come from the end of consumer pricing subsidies in the USA. Presumably, one quarter of subsidy bump will not compare to at least 12 quarters of no-further-subsidies, compounded by both the end of the carbon trading scheme as well as \*repeated\* Roman Style salutes from the CEO.
I do wonder how many "sales" were a shell game where Elon was both the salesman and the buyer (through his various ~~embezzlements~~ businesses)
Revenue is up everywhere due to inflation.
The more positions he assumes, the quicker he'll run the Titanic into the iceberg.
Ca't wait til the analysts start treating TSLA honestly and list it as a "sell". Watching people short it to zero will be fun.
Makes me even sadder people think a “Roman salute” existed in Roman times.
But still, yoy deliveries are down 6%
After hours has the stock dripping a lot. It seems that despite an uptick in sales there was a decrease in profit. The sales of the cheaper models had a smaller margin and generated less profit. Considering a lot of those Chinese sales were the cheap models, it isn’t a surprise the revenue is down.
Yesterday saw a YT video claiming that Cybertrucks are being bougth by musk himself to pump stock prices. It's the only source I got. Do I believe he would? Yes.
Elon is collecting tax credits for... spaceX...
Something left out was that Musk has been selling thousands of unsold cyber trucks to his other businesses to clear the inventory backlog. Approximately 3,000 were “sold” to SpaceX and Xai in a rush in September so that Musks own private businesses could still claim the tax credit before it expired Sept 30.
I listened to the whole call, not one analyst ask about any kind of guide for q4/2026. So not sure how these guys come up with price targets
There likely is a bump. But even with this bump, the entire year sales is going to be dismal. To be certain this last quarter will be in the dump. Not only are prices 7500 higher, anyone that would have bought in the last quarter would have certainly bought a few months earlier to get the subsidies. There just will be few left buying.
And that is on a last quarter that is somewhat average. I think the last quarter without subsidies will be dismal. More so that anyone that would have normally bought in the last quarter would have certainly moved it up a few months for the credits.
Profits at the end of the day is the only value of a company. If it is dropping, what value does that company have?
The profit went down because Tesla could net sell so much regulatory Credits anymore. These where always the Backbone of Teslas „Profitability“. The Rest maybe creative Accounting. Will be really interesting to see the first financial report after the Credit Scheme has expired.
In Germany EV-Sales went down 30 percent after the End of the Government Subsidies. Expect something like that.
Nobody is racing! FAKE NEWS... This is exactly the same FRAUD hey did in Canada. Where dealers apparently "sold" unheard of amounts of cars in the days before the credits end. You think customers stood in lines to get a fascist car when they didn't do it years ago? They all just sat in their collective couches and waited for SOME reason to get up?! Ha.... Ps. The CT sale to Spacex was because nobody would believe those suddenly fly off the shelves. Not even a fraudster with cultist fan base can sell that delusion
What? You don't believe Enron Musk?
Lots and lots of Teslas with <100 miles showing up in used car auctions... Not saying it's definitely padded sales but if you asked me how I would pad volume numbers if I don't care about unit economics, that's how I'd do it.
It used to be called channel stuffing.
Login is required to comment.
Login with Google