Tesla Inc. reported its earnings for the fourth quarter (Q4) and full year (FY) 2025. For the full year 2025, the company recorded total revenues of USD 24.9 billion, with total automotive revenues at USD 17.7 billion. Energy generation and storage revenue reached USD 3.8 billion, while services and other revenue totaled USD 3.4 billion. GAAP operating income for the full year was USD 4.4 billion, and GAAP net income was USD 3.8 billion. Non-GAAP net income for 2025 amounted to USD 5.9 billion. For the fourth quarter, GAAP operating income was USD 1.4 billion, and GAAP net income was USD 0.8 billion. Non-GAAP net income for the quarter was USD 1.8 billion. Tesla Inc. reported free cash flow of USD 4.0 billion for the full year. Cash, cash equivalents, and investments stood at USD 44.1 billion at year-end. The company’s total GAAP gross margin for 2025 was 20.1 percent. Adjusted EBITDA for the year was USD 4.2 billion. The company highlighted continued expansion of its AI and software capabilities, ongoing development of its Robotaxi service, and progress in manufacturing infrastructure, including production lines for new vehicle models.

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