Tesla’s latest earnings for Q3 2025 showed a 29% sequential increase in automotive revenues driven by higher deliveries, with automotive margins (excluding regulatory credits) increasing slightly from 15% to 15.4% due to material cost improvements and better fixed cost absorption1. The energy storage business also reached record deployments, gross profit, and margins despite tariff headwinds, helped by production ramp-ups at the Shanghai gigafactory to reduce tariff impacts1.

Tesla reported over $400 million in tariff impacts split roughly evenly between automotive and energy storage businesses for Q3 20251. The company’s GAAP net income for Q2 2025 was $1.2 billion, indicating strong profitability entering Q33. Wall Street consensus anticipated revenue around $26.457 billion for Q3 2025, with earnings per share forecasts for the year ending December 2025 around $2.4, slightly lowered recently by analysts59.

In summary, Tesla’s Q3 2025 earnings reflect strong revenue growth and improving automotive margins, resilience in energy storage despite tariffs, and continued profitability with net income exceeding $1 billion in the previous quarter1359.