Tesla ($TSLA (-0,03 %) ) has published the figures for Q3 2025.
📊 Financial results
Turnover: 28.1 billion US dollars
--> +12% compared to the previous year
> Above analysts' expectations of 26.2 billion US dollars
Net profit: 1.37 billion US dollars
--> -37 % compared to the previous year
Adjusted earnings per share (EPS): USD 0.50
--> Below market expectations of USD 0.55
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🚗 Sales and production development
Deliveries: 497,099 vehicles in the third quarter
--> +7.4% year-on-year (record level)
--> After two previous quarters with a decline of around -13% each
Cause of the increase in sales:
Strong final spurt as a result of the expiry of the US tax credit for electric cars in the amount of USD 7,500.
Many US customers took the last opportunity to buy before the credit expired.
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🏛️ Political & economic context
The tax credit for the purchase of electric vehicles was abolished at the end of September 2025 by the government under President Donald Trump.
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🧭 Conclusion
Tesla delivers an ambivalent result in Q3 2025:
Sales growth and record deliveries indicate sustained demand, while falling margins and the end of government subsidies are weighing on short-term profitability.
The coming quarters will show whether Tesla can maintain sales without the subsidy.
