Tesla (TSLA) releases Q4 2025 financial results: slight beat on earnings

Tesla (TSLA) released its financial results and shareholders’ letter for the fourth quarter (Q4) 2025 and full-year 2025 after market close today.

We are updating this post with all the details from the financial results, shareholders’ letter, and the conference call later tonight. Refresh for the latest information.

Tesla Q4 2025 Earnings Expectations

As we reported in our Tesla Q4 2025 earnings preview yesterday, the Wall Street consensus for this quarter was $24.766 billion in revenue and earnings of $0.44 per share.

It would represent a significant decline over Tesla’s performance during the same period last year, primarily due to lower vehicle deliveries.

How did Tesla do compared to expectations?

Tesla Q4 2025 Financial Results

After the market closed today, Tesla released its financial results for the quarter and confirmed that it delivered slightly over expectations with earnings of $0.50 per share (non-GAAP), and it exceeded revenue expectations with $24,901 billion during the last quarter.

Tesla managed to beat expectations with higher-than-expected profits on energy.

Profits are down 61% on GAAP and 16% on Non-GAAP:

Tesla also had its first official year-over-year decline in revenue for a full year in 2025.

We will be posting our follow-up posts here about the earnings and conference call to expand on the most important points (refresh the page to see the most recent posts):

• Tesla invests $2 billion in Elon Musk’s xAI cash furnace
• Tesla discloses ‘FSD subscriber’ count for the first time: 1.1 million
• Tesla puts 4680 battery cells back in Model Y; Here’s why
• Tesla is (still) trying to deceive investors into thinking it has SF Robotaxis
• Elon Musk kills Tesla Model S and Model X because of ‘autonomy’
• Musk says unsold Cybertrucks could be used for cargo: here’s why it won’t work

Here’s Tesla’s Q4 2025 shareholder presentation in full:

Here’s Tesla’s conference call for the Q4 2025 results: