Slide 1: Q2 2025 Update
Q2 2025 Update 1
Slide 2: Highlights
Highlights 03 Financial Summary 04 Operational Summary 06 Automotive 07 Core Technology 08 Energy & Services and Other 09 Outlook 10 Photos & Charts 11 Key Metrics 21 Financial Statements 23 Additional Information 29 2
Slide 3: Highlights Summary
HIGHLIGHTS SUMMARY Profitability $0.9B GAAP operating income 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 $1.2B GAAP net income related services. Our fir
Slide 4: Financial Summary
FINANCIAL SUMMARY (Unaudited) ($ in millions, except percentages and per share data) Q2-2024 Q3-2024 Q4-2024 Q1-2025 Q2-2025 YoY Total automotive revenues 19,878 20,016 19,798 13,967 16,661 -16% Energy generation and storage revenue 3,014 2,376 3,061 2,730 2,789 -7% Services and other revenue 2,608
Slide 5: Financial Summary
FINANCIAL SUMMARY Revenue Total revenue decreased 12% YoY to $22.5B. YoY, revenue was impacted by the following items: - decline in vehicle deliveries - lower regulatory credit revenue - reduced vehicle average selling price (ASP) (excl. FX impact1), due to mix - decline in Energy Generation and Sto
Slide 6: Operational Summary
OPERATIONAL SUMMARY (Unaudited) Q2-2024 Q3-2024 Q4-2024 Q1-2025 Q2-2025 YoY Model 3/Y production 386,576 443,668 436,718 345,454 396,835 3% Other models production 24,255 26,128 22,727 17,161 13,409 -45% Total production 410,831 469,796 459,445 362,615 410,244 0% Model 3/Y deliveries 422,405 439,975
Slide 7: Automotive
AUTOMOTIVE Current Installed Annual Vehicle Capacity We continue to make progress preparing for the launch of additional models this year. Our Region Model Capacity Status entire model lineup is better than ever with recent updates. Our ongoing focus on supply chain California Model S / Model X 100,
Slide 8: Core Technology
CORE TECHNOLOGY Artificial Intelligence Software and Hardware 5.0 FSD Miles on V12 and Beyond FSD Miles on V11 and Before 4.5 In June, we launched our Robotaxi service in the first city, Austin, with a safety rider. We will 4.0 further improve and expand the service (more vehicles covering a larger
Slide 9: Energy & Services and Other
ENERGY & SERVICES AND OTHER Energy storage deployments continue to grow as we expand capacity for both Megapack and 4,000 3,500 Powerwall to meet demand globally. Services and Other – a collection of businesses that mainly 3,000 supports vehicle sales – also continues to grow alongside our global fl
Slide 10: Outlook
OUTLOOK Volume It is difficult to measure the impacts of shifting global trade and fiscal policies on the automotive and energy supply chains, our cost structure and demand for durable goods and related services. While we are making prudent investments that will set up both our vehicle and energy bu
Slide 11: Photos & Charts
PHOTOS & CHARTS
Slide 12: The Tesla Ecosystem – Creating a Cleaner, Safer, More Enjoyable World
THE TESLA ECOSYSTEM – CREATING A CLEANER, SAFER, MORE ENJOYABLE WORLD 12
Slide 13: FSD (Supervised) Testing – Paris, London, Sydney and Rome
FSD (SUPERVISED)1 TESTING – PARIS, LONDON, SYDNEY AND ROME (CLOCKWISE) 13 (1) Active driver supervision required; does not make the vehicle autonomous
Slide 14: First Autonomous Delivery of a Vehicle – Model Y in Austin, TX
F I R S T A U T O N O M O U S D E L I V E R Y O F A V E H I C L E – M O D E L Y I N A U S T I N , TX 14
Slide 15: Tesla Diner – First Responders Event
TESLA DINER – FIRST RESPONDERS EVENT 15
Slide 16: Tesla Diner – Now Open for Charging, Dining and Entertainment
TESLA DINER – NOW OPEN FOR CHARGING, DINING AND ENTERTAINMENT 16 Source: @JEHazel75 via x.com
Slide 17: Tesla Diner – Now Open for Charging, Dining and Entertainment
TESLA DINER – NOW OPEN FOR CHARGING, DINING AND ENTERTAINMENT 17
Slide 18: Tesla Diner – Car-Side Food Delivery
TESLA DINER – CAR-SIDE FOOD DELIVERY 18
Slide 19: Progress on World's Largest Supercharger Site – Lost Hills, CA
PROGRESS ON WORLD’S LARGEST SUPERCHARGER SITE – LOST HILLS, CA | 168 STALLS POWERED BY SOLAR AND MEGAPACK 19
Slide 20: Gigafactory Berlin-Brandenburg – Produced Tesla's 8-Millionth Vehicle
GIGAFACTORY BERLIN-BRANDENBERG – PRODUCED TESLA’S 8-MILLIONTH VEHICLE 20
Slide 21: Key Metrics Quarterly
KEY METRICS QUARTERLY (Unaudited) 0.5 7 8 6 7 0.4 5 6 4 5 0.3 3 2 4 0.2 1 3 0 2 0.1 -1 1 -2 0.0 -3 0 3Q-2022 4Q-2022 1Q-2023 2Q-2023 3Q-2023 4Q-2023 1Q-2024 2Q-2024 3Q-2024 4Q-2024 1Q-2025 2Q-2025 3Q-2022 4Q-2022 1Q-2023 2Q-2023 3Q-2023 4Q-2023 1Q-2024 2Q-2024 3Q-2024 4Q-2024 1Q-2025 2Q-2025 3Q-2022
Slide 22: Key Metrics Trailing Twelve Months
KEY METRICS TRAILING 12 MONTHS (TTM) (Unaudited) 2.0 20 20 1.8 18 18 1.6 16 16 1.4 14 14 1.2 12 12 1.0 10 10 0.8 8 8 0.6 6 6 0.4 4 4 0.2 2 2 0.0 0 0 3Q-2022 4Q-2022 1Q-2023 2Q-2023 3Q-2023 4Q-2023 1Q-2024 2Q-2024 3Q-2024 4Q-2024 1Q-2025 2Q-2025 3Q-2022 4Q-2022 1Q-2023 2Q-2023 3Q-2023 4Q-2023 1Q-2024
Slide 23: Financial Statements
FINANCIAL STATEMENTS
Slide 24: Statement of Operations
STATEMENT OF OPERATIONS (Unaudited) In millions of USD or shares as applicable, except per share data Q2-2024 Q3-2024 Q4-2024 Q1-2025 Q2-2025 REVENUES Automotive sales 18,530 18,831 18,659 12,925 15,787 Automotive regulatory credits 890 739 692 595 439 Automotive leasing 458 446 447 447 435 Total au
Slide 25: Balance Sheet
BALANCE SHEET (Unaudited) In millions of USD 30-Jun-24 30-Sep-24 31-Dec-24 31-Mar-25 30-Jun-25 ASSETS Current assets Cash, cash equivalents and investments 30,720 33,648 36,563 36,996 36,782 Accounts receivable, net 3,737 3,313 4,418 3,782 3,838 Inventory 14,195 14,530 12,017 13,706 14,570 Prepaid e
Slide 26: Statement of Cash Flows
STATEMENT OF CASH FLOWS (Unaudited) In millions of USD Q2-2024 Q3-2024 Q4-2024 Q1-2025 Q2-2025 CASH FLOWS FROM OPERATING ACTIVITIES Net income (1) 1,416 2,189 2,143 420 1,190 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation, amortization and impairment 1
Slide 27: Reconciliation of GAAP to Non-GAAP Financial Information
RECONCILIATION OF GAAP TO NON–GAAP FINANCIAL INFORMATION (Unaudited) In millions of USD or shares as applicable, except per share data Q2-2024 Q3-2024 Q4-2024 Q1-2025 Q2-2025 Net income attributable to common stockholders (GAAP) (1) 1,400 2,173 2,128 409 1,172 Stock-based compensation expense, net o
Slide 28: Reconciliation of GAAP to Non-GAAP Financial Information
RECONCILIATION OF GAAP TO NON–GAAP FINANCIAL INFORMATION (Unaudited) In millions of USD 4Q-2021 1Q-2022 2Q-2022 3Q-2022 4Q-2022 1Q-2023 2Q-2023 3Q-2023 4Q-2023 1Q-2024 2Q-2024 3Q-2024 4Q-2024 1Q-2025 2Q-2025 Net cash provided by operating activities (GAAP) 4,585 3,995 2,351 5,100 3,278 2,513 3,065 3
Slide 29: Additional Information
ADDITIONAL INFORMATION WEBCAST INFORMATION Tesla will provide a live webcast of its second quarter 2025 financial results conference call beginning at 4:30 p.m. CT on July 23, 2025 at ir.tesla.com. This webcast will also be available for replay for approximately one year thereafter. CERTAIN TERMS Wh
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