Tesla, Inc. (TSLA) Q3 2025 Earnings Call

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WEBVTT 00:00:00.166 -- 00:00:05.691 Good afternoon, everyone, and welcome to Tesla's third quarter 2025 Q&A webcast. 00:00:05.691 -- 00:00:10.675 My name is Travis Axelrod, head of investor relations, and I'm joined today by Elon Musk, 00:00:10.675 -- 00:00:14.118 Vebav Taneja, and a number of other executives. 00:00:14.118 -- 00:00:16.721 Our Q3 results were announced at about 3 p.m. 00:00:16.721 -- 00:00:21.765 central time in the update deck we published at the same link as this webcast. 00:00:21.765 -- 00:00:26.209 During this call, we will discuss our business outlook and make forward-looking statements. 00:00:26.209 -- 00:00:30.085 These comments are based on our predictions and expectations as of today. 00:00:30.085 -- 00:00:35.909 Actual events or results could differ materially due to a number of risks and uncertainties, 00:00:36.813 -- 00:00:40.477 including those mentioned in our most recent filings with the SEC. 00:00:40.477 -- 00:00:44.241 We urge shareholders to read our definitive proxy statement, which contains important 00:00:44.241 -- 00:00:49.347 information about the matters we voted on at the 2025 Annual Meeting. 00:00:49.347 -- 00:00:53.071 During the question and answer portion of today's call, please limit yourself to one 00:00:53.071 -- 00:00:58.638 question and one follow-up. Please use the raise hand button to join the question queue. 00:00:58.638 -- 00:01:01.541 Before we jump into Q&A, Elon has some opening remarks. 00:01:01.541 -- 00:01:03.541 Elon? 00:01:06.507 -- 00:01:09.048 Thank you. We're at a 00:01:09.511 -- 00:01:13.675 critical inflection point for Tesla and our strategy going forward as we bring AI into 00:01:13.675 -- 00:01:18.681 the real world. I think it's important to emphasize that Tesla really is the 00:01:18.681 -- 00:0...