
Tesla’s Q3 2025 report showed record revenue ($28.1B), record energy storage (12.5 GWh), and record free cash flow ($3.99B). However, profits fell as gross margins contracted to 18% and operating margin declined to 5.8%. Non-GAAP EPS was $0.50, below expectations of $0.56.
Bullish
Tesla posted $28.1B in revenue (+12% YoY) and $3.99B in free cash flow, signaling strong sales momentum even amid pricing cuts.
Bearish
Regulatory credits declined sequentially, and energy storage business is seeing headwinds from increased competition and tariffs.