Tesla (TSLA) Q1 FY25 earnings call

Earnings call· Mar 2025 (Q1 FY25)· Consumer Discretionary· Apr 22, 2025

Source: earnings call transcript

Tesla navigated Q1 FY25 with significant factory changeovers for the Model Y, impacting auto margins but achieving record energy storage gross profit. The company is intensely focused on launching robotaxi services in Austin by June and scaling Optimus robot production, which are seen as core to its long-term valuation despite near-term challenges from tariffs and macro demand. Management emphasized its unique vertical integration and AI-driven approach as key differentiators for future growth.

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TSLA operating KPIs by quarter

TSLA operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Mar 2026 Q1 FY26	Jun 2026 Q2 FY26	Sep 2026 Q3 FY26	Change vs prior quarter
Energy storage deployed	8.8 GWh In Q1, we deployed 6 -- 8.8 gigawatt hour of energy storage, a 38% sequential decline. Source: earnings call transcript	13.5 GWh In Q2, we deployed 13.5 gigawatt hour of energy storage, a 53% sequential increase and the second largest quarter for energy business. Source: earnings call transcript	13.7 GWh On the energy business, we had our second best quarter of deployments of 13.7 gigawatt hour of energy storage. Source: earnings call transcript	+1.5%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.