Q2 2025 Update (shareholder deck)

Highlights Financial Summary Operational Summary Automotive Core Technology Energy & Services and Other Outlook Photos & Charts Key Metrics Financial Statements Additional Information

H I G H L I G H T S

S U M M A R Y

Profitability $0.9B GAAP operating income

$1.2B GAAP net income

$1.4B non-GAAP net income1

Cash Operating cash flow of $2.5B

Free cash flow2 of $0.1B

$0.2B decrease in our cash and investments3 to $36.8B

Q2 2025 was a seminal point in Tesla’s history: the beginning of our transition from leading the electric vehicle and renewable energy industries to also becoming a leader in AI, robotics and related services. Our first Robotaxi service launched in Austin in June. While the service is limited in initial scope, we believe our approach to autonomy – a camera-only architecture with neural networks trained on data from our global fleet of millions of vehicles – allows us to continually improve safety, rapidly scale the network and improve profitability.

We continue to expand our vehicle offering, including first builds of a more affordable model in June, with volume production planned for the second half of 2025. Additionally, we continued development of Semi and Cybercab