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Tesla reports higher revenue but sharp drop in Q3 profit


Tesla reports higher revenue but sharp drop in Q3 profit

SAN FRANCISCO, Oct. 22 (Xinhua) -- Top U.S. electric automaker Tesla on Wednesday reported third-quarter 2025 revenue of 28.1 billion U.S. dollars, up 12 percent year over year.

However, the company's net income attributable to common stockholders fell 37 percent to 1.37 billion dollars in the third quarter from the same period a year ago.

In the third quarter, the company produced over 447,000 vehicles, delivered over 497,000 vehicles and deployed 12.5 GWh of energy storage products, a record for both deliveries and deployments, Tesla said.

"Our focus remains on scaling our core hardware business by maximizing our deliveries and deployments, as these products will deliver increasing value to our customers over time via services powered by AI," it said. ■

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