Tesla posted record quarterly revenue but its profit came in below Wall Street’s expectations. The stock was down about 1.6% heading into the 5:30 p.m. ET analyst call.
Elon Musk’s EV maker reported adjusted earnings per share of $0.50, trailing the consensus analyst estimate of $0.54. It did, however, report revenue of $28.1 billion, an all-time high that exceeded forecasts after it delivered a record number of vehicles in the quarter.
Wall Street is looking for key updates on the investor call regarding Tesla’s robotaxi rollout and guidance on deliveries for the current quarter, as some wonder if sales could wane after the EV tax credit expired at the end of September.
Tesla said in its earnings release that it faces “near-term uncertainty from shifting trade, tariff and fiscal policy.” The EV giant said in the report that its operating income decreased 40% year over year, due to various factors, including higher average cost per vehicle, partially due to an increase in tariffs.
After a roller coaster ride for the stock in 2025, shares are now up 95% in six months, but even with such a massive gain, that only amounts to a rise of about 10% year-to-date.
Follow along for the latest from the analyst call below:
