TSLA Q2 2025 Earnings — Income Statement Breakdown
For its Q2 2025 period (ending 2025-06-30), TSLA reported revenue of $22.5B, gross profit of $3.9B (17.2% gross margin), operating income of $923M, and net income of $1.2B (5.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
TSLA was profitable; revenue fell 11.8% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | −11.8% | −20.7% | −0.6 pp |
| Quarter over quarter | +16.3% | +186.6% | +3.1 pp |
Consensus estimate data is not available for this report.
TSLA Q2 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $22.5B | 100% |
| Cost of Revenue | −$18.6B | 82.8% |
| Gross Profit | $3.9B | 17.2% |
| Research & Development | −$1.6B | 7.1% |
| Selling, General & Administrative | −$1.4B | 6.1% |
| Operating Income | $923M | 4.1% |
| Interest Expense | −$86M | 0.4% |
| Other Income, net | $712M | 3.2% |
| Income Tax Expense | −$359M | 1.6% |
| Net Income | $1.2B | 5.2% |
Source: original SEC filing (filed 2025-07-23). Accession 0001628280-25-035738. Data normalized by EarningsFyi.