TSLA Q1 2025 Earnings — Income Statement Breakdown
For its Q1 2025 period (ending 2025-03-31), TSLA reported revenue of $19.3B, gross profit of $3.2B (16.3% gross margin), operating income of $399M, and net income of $409M (2.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
TSLA was profitable; revenue fell 9.2% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | −9.2% | −63.8% | −3.2 pp |
| Quarter over quarter | −24.8% | −82.3% | −6.9 pp |
Consensus estimate data is not available for this report.
TSLA Q1 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $19.3B | 100% |
| Cost of Revenue | −$16.2B | 83.7% |
| Gross Profit | $3.2B | 16.3% |
| Research & Development | −$1.4B | 7.3% |
| Selling, General & Administrative | −$1.3B | 6.5% |
| Other Operating Expenses | −$94M | 0.5% |
| Operating Income | $399M | 2.1% |
| Interest Expense | −$91M | 0.5% |
| Other Income, net | $281M | 1.5% |
| Income Tax Expense | −$169M | 0.9% |
| Net Income | $409M | 2.1% |
Source: original SEC filing (filed 2025-04-22). Accession 0001628280-25-018851. Data normalized by EarningsFyi.