Summary
Tesla, Inc. (TSLA) reported its first quarter 2025 results, demonstrating resilience in its core automotive business despite a significant year-over-year revenue decline. Total revenues stood at $19.3 billion, down 9% from Q1 2024, primarily driven by a 21% decrease in automotive sales revenue, largely attributed to production line changes for the new Model Y and lower average selling prices. However, the company saw substantial growth in its Energy Generation and Storage segment, which surged by 67%, and a robust 15% increase in Services and other revenues, highlighting diversification. Despite the revenue headwinds, Tesla managed to improve its operating cash flow significantly, reporting $2.16 billion compared to $242 million in the prior year's quarter, indicating strong operational efficiency improvements. Net income attributable to common stockholders decreased to $409 million ($0.12 diluted EPS) from $1.39 billion ($0.41 diluted EPS) in Q1 2024, impacted by the revenue decline and increased R&D spending focused on AI. The company ended the quarter with a strong liquidity position, with $16.35 billion in cash and cash equivalents and $20.64 billion in short-term investments, and anticipates capital expenditures to exceed $10 billion for 2025.
Financial Highlights
52 data points| Revenue | $19.34B |
| Cost of Revenue | $16.18B |
| Gross Profit | $3.15B |
| R&D Expenses | $1.41B |
| SG&A Expenses | $1.25B |
| Operating Expenses | $2.75B |
| Operating Income | $399.00M |
| Net Income | $409.00M |
| EPS (Basic) | $0.13 |
| EPS (Diluted) | $0.12 |
| Shares Outstanding (Basic) | 3.22B |
| Shares Outstanding (Diluted) | 3.52B |
Key Highlights
- 1Total revenues decreased by 9% year-over-year to $19.3 billion, primarily due to a 21% drop in automotive sales revenue, influenced by Model Y production line changes and lower average selling prices.
- 2The Energy Generation and Storage segment revenue saw significant growth, increasing by 67% year-over-year, indicating strong demand and expansion in this sector.
- 3Services and other revenue increased by 15%, showing continued growth in Tesla's after-sales and service offerings.
- 4Operating cash flow dramatically improved, jumping to $2.16 billion from $242 million in the prior year's quarter, reflecting enhanced operational efficiency.
- 5Net income attributable to common stockholders declined to $409 million ($0.12 EPS) from $1.39 billion ($0.41 EPS) in Q1 2024, impacted by lower revenues and increased R&D expenses.
- 6Research and Development expenses increased by 22% to $1.41 billion, with a strong focus on AI programs and related costs.
- 7The company maintains a robust liquidity position with $16.35 billion in cash and cash equivalents and $20.64 billion in short-term investments as of March 31, 2025.