Carmaker exceeded Wall Streets expectations with more than $26bn in revenue, but saw a 37% drop in profits
Despite record vehicle sales, Tesla saw a precipitous drop in profit in its most recent quarter.
A rush to buy electric vehicles before a US tax credit for them disappears had boosted Teslas flagging sales, leading to the automaker exceeding some of Wall Streets projections in its most recent financial quarter. Yet the company failed to meet earnings expectations and its stock fell in after hours trading.
Tesla reported third-quarter earnings of 50 cents a share on Wednesday after market close, less than the 54 cents that market analysts predicted. The automaker exceeded Wall Streets expectations of $26.457bn in revenue. Its operating income was $1.62bn against expectations of $1.65bn. It also reported a net income of $1.4bn, down from $2.2bn, a drop of 37% in its profits.
Teslas deliveries in the third quarter surged from earlier in the year, an increase that analysts attributed to consumers attempting to lock-in electric vehicle tax credits that expired at the end of last month. The loss of EV credits as a result of Donald Trumps One Big Beautiful Bill Act was a factor in the public breakup between Musk and the president and has continued to influence the companys sales forecasts.
The company made numerous mentions of its AI software and commitment to expand its autonomous driving technology in a press release on the results, while also citing shifting trade, tariff and fiscal policy as challenges it faces.
The earnings report comes at a sensitive time for Tesla and Musk, as the CEO is seeking investor approval for an unprecedented $1tn pay package in a vote next month. The package is dependent on Tesla reaching several lofty milestones, including achieving an $8.5tn market cap over the next 10 years.
Despite the worlds richest person still commanding a legion of Tesla fanboys and investors eager to appease him, two proxy advisory firms have so far recommended against approving the exorbitant pay package. Glass Lewis and Institutional Shareholder Services (ISS), who provide guidance on how shareholders should vote, stated in recent days that they advised voting no on the proposed trillion-dollar compensation plan.
Musk has also insulted Sean Duffy, the US transportation secretary, this week in a series of posts that included calling him Sean Dummy and reposting calls for him to be removed from his post. Duffy, who is also acting head of Nasa, stated on Monday that he would reopen the bidding for contracts related to the space agencys Artemis moon mission because Musks SpaceX rocket company had fallen behind on its timelines for the project.
Shareholders are set to vote on Musks$1tn pay package during an annual company meeting on 6 November. Both Tesla and Musk have lashed out at criticism of the package, with the company calling the ISS recommendation against the proposal an unfounded and nonsensical recommendation in a lengthy post on X. Musk additionally implied in a post on X that he could leave the company if not granted the pay package.
Tesla had a tumultuous year that saw heightened competition, a loss of key tax credits and chaotic leadership from Musk himself. The company reported falling profits and revenue last quarter. Musks political activities, including taking a lead role in the Trump administration and promoting far-right causes, also led to widespread backlash and anti-Tesla sentiment as stock prices fell at the start of the year.
Teslas shares have rallied vigorously over the past six months, however, while Musk has heavily promoted autonomous taxis and robotics as a source of future revenue. The CEO claimed last month that Teslas Optimus Robots, a humanoid machine that has yet to go into mass production and is not available for purchase, will one day account for 80% of the companys revenue. He has made similarly grandiose statements about millions of robotaxis filling cities around the world , something he has promised for years while continually pushing back the timeline of when it would become a reality. Tesla has deployed its autonomous taxi service in Austin, Texas, a move the US transportation safety regulator is investigating.
Tesla also debuted a long-promised, cheaper sedan called the Model Y earlier this month in a bid to increase slumping sales. The new line of sedans received criticism from some analysts over its starting prices of $39,990 and $36,990 C significantly higher than Chinese low-cost competitors. Teslas stock price immediately fell following the rollout. The companys other new model, the Cybertruck, released in 2024, has failed to make a meaningful contribution to overall sales.
该汽车制造商以超过260亿美元的收入超出华尔街预期，但利润同比下滑37%
尽管汽车销量创下纪录，特斯拉最近一个季度的利润却大幅下滑。
在美国电动汽车税收抵免政策即将取消前，消费者争相购买电动汽车，这提振了特斯拉低迷的销量，使得这家汽车制造商在最近一个财季的表现超出了华尔街部分预期。然而，该公司未能达到盈利预期，其股价在盘后交易中下跌。
特斯拉周三盘后公布第三季度每股收益为50美分，低于市场分析师预测的54美分。这家汽车制造商的营收达到264.57亿美元，超出华尔街预期。其营业利润为16.2亿美元，略低于预期的16.5亿美元。此外，该公司净利润从去年同期的22亿美元降至14亿美元，利润下滑37%。
特斯拉第三季度交付量较年初大幅增长，分析人士认为这一增长源于消费者试图锁定上月底到期的电动汽车税收抵免政策。由于唐纳德·特朗普《一揽子美好法案》导致电动汽车税收抵免终止，这成为埃隆·马斯克与总统公开决裂的导火索之一，并持续影响着该公司的销售预期。
该公司在财报新闻稿中多次提及旗下人工智能软件，并承诺将扩展自动驾驶技术，同时指出“不断变化的贸易、关税及财政政策”是其面临的挑战。
这份财报发布正值特斯拉及其首席执行官埃隆·马斯克（Elon Musk）的敏感时期——马斯克正寻求投资者在下月的投票中批准一项史无前例的1万亿美元薪酬方案。该方案能否实施取决于特斯拉能否实现若干宏伟目标，包括在未来十年内达到8.5万亿美元市值。
尽管全球首富仍拥有大批特斯拉狂热粉丝和急于讨好他的投资者，但两家代理咨询公司迄今建议反对批准这一巨额薪酬方案。为股东投票提供指导的Glass Lewis和机构股东服务公司（ISS）近日表示，他们建议对这项价值万亿美元的薪酬计划投反对票。
马斯克本周还在一系列帖子中侮辱了美国交通部长肖恩·达菲（Sean Duffy），称其为“肖恩笨蛋”（Sean Dummy），并转发要求其下台的呼声。兼任美国国家航空航天局（NASA）代理局长的达菲周一表示，他将重新开放与NASA阿尔忒弥斯登月任务相关合同的竞标，因为马斯克的SpaceX火箭公司在该项目的时间表上已经落后。
特斯拉股东将于11月6日的年度会议上对马斯克1万亿美元的薪酬方案进行投票。针对该方案的批评声，特斯拉公司和马斯克本人都予以猛烈回击——公司在X平台发布长文，称机构股东服务公司（ISS）反对该提案的建议是"毫无根据且荒谬的"。马斯克还在X平台发文暗示，若薪酬方案未获批准，他可能离开公司。
特斯拉度过了动荡的一年，面临日益激烈的竞争、关键税收优惠的丧失以及埃隆·马斯克本人的混乱领导。该公司上季度利润与营收双双下滑。马斯克的政治活动——包括在特朗普政府中担任要职并推动极右翼事业——也引发了广泛抵制与反特斯拉情绪，导致年初股价下跌。
过去六个月，特斯拉股价大幅上涨，与此同时，埃隆·马斯克大力宣传自动驾驶出租车和机器人技术将成为公司未来的收入来源。这位首席执行官上月声称，特斯拉的Optimus机器人——一款尚未量产且未开放购买的人形机器——未来将贡献公司80%的营收。他还曾发表类似宏论，预言数百万辆自动驾驶出租车将遍布全球城市，这一承诺已持续多年，但其实现时间表却屡屡推迟。目前特斯拉已在得克萨斯州奥斯汀市部署自动驾驶出租车服务，美国交通安全监管机构正对此展开调查。
特斯拉本月早些时候还推出了酝酿已久的低价轿车Model Y，试图提振低迷的销量。但这款新轿车39,990美元和36,990美元的起售价遭到部分分析师批评——远高于中国低价竞品。新车发布后特斯拉股价应声下跌。该公司另一款2024年上市的新车型Cybertruck，也未能对整体销量作出显著贡献。
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