Tesla Inc. – Mid-2025 Comprehensive Company Report (June 28th, 2025)
Tesla posted Q1 2025 net income of $0.4 billion, down 71% year-on-year, with deliveries falling to about 336,700 vehicles amid Model Y retooling and weaker demand. Full-year 2024 revenue reached $97.7 billion, with net income of $7.1 billion and automotive gross margins dropping to 15%. By mid-2025, Tesla shares fell 19% year-to-date after peaking near $488 in December 2024.