Tesla Inc. – Mid-2025 Comprehensive Company Report (June 28th, 2025)
In Q1 2025, Tesla posted net income of about $0.4 billion, produced roughly 362,600 vehicles and delivered about 336,700, with volume weakness tied to a refreshed Model Y rollout across four plants. For full-year 2024, Tesla reported revenue of $97.7 billion and net income of $7.1 billion, with automotive gross margins falling to around 15% after peaking above 30% in 2021–2022. By mid-2025, Tesla’s stock was down about 19% year-to-date after peaking near $488 in December 2024, amid concerns over demand and leadership turnover. The Redwood mass-market platform aims to start production by mid-2025 at Gigafactory Texas, with first output