Tesla's Profits Plunge Despite Record Revenue And Deliveries

Tesla said it "achieved grounds conveyance deliveries globally" for nan third 4th of 2025 pinch a full of 497,099 vehicles delivered. It besides reported a record-breaking gross of $28.1 billion, which is 12 percent higher than nan aforesaid 4th successful 2024. Tesla's nett income, however, slid by 37 percent year-over-year, owed to respective factors, namely little EV prices, an summation successful spending connected AI and different R&D projects, and of course, tariffs. Vaibhav Taneja, nan automaker's finance chief, said during nan net call that tariffs connected imported car parts and earthy materials costs nan institution much than $400 cardinal successful nan 3rd quarter. Taneja added that he expects investigation and improvement spending to proceed to grow.

During nan call, Tesla CEO Elon Musk said that he expects nan institution to deploy its first robotaxis pinch nary drivers down nan instrumentality by nan extremity of this year, starting pinch immoderate parts of Austin. If you'll recall, Tesla launched its first robotaxi rides successful Austin, Texas backmost successful June. There person been respective reports of nan robotaxis running into issues since then, including an lawsuit wherein 1 drove into a parked car. Musk said Tesla was "obviously being very cautious astir nan deployment," but that he expects his institution to beryllium operating afloat driverless vehicles successful 8 to 10 caller states earlier 2025 ends.

Musk revealed, arsenic well, that Tesla's homegrown AI5 artificial intelligence chip will beryllium manufactured some by Samsung successful Texas and by TSMC successful Arizona. Tesla is apparently aiming to manufacture much than it needs for its electrical vehicles and upcoming Optimus robots truthful that it tin usage nan excess units successful its information centers. He clarified that Tesla isn't going to extremity utilizing NVIDIA chips, but that it will proceed utilizing them successful operation pinch AI5.