Tesla is set to report its third-quarter 2025 earnings after market close on Wednesday, October 22, marking the start of the Magnificent Seven earnings season. The electric vehicle maker delivered 497,099 vehicles in the quarter, beating expectations amid a surge in stock performance. Investors are focusing on updates regarding robotaxis, humanoid robots, and energy storage amid projections of revenue growth but declining profitability.
Tesla's third-quarter 2025 earnings, scheduled for release after the bell on Wednesday, October 22, will provide insights into the company's performance following a strong delivery quarter. The firm reported 497,099 vehicle deliveries, surpassing Wall Street estimates and driven partly by pull-forward demand ahead of the U.S. electric vehicle tax credit's expiration last month. Production at the Austin Gigafactory also hit a milestone, exceeding 500,000 vehicles built since its 2022 opening.
Analysts project revenue of around $26.6 billion, a 4-6% increase year-over-year, with automotive sales contributing about $19 billion. However, earnings per share are expected to drop 24% to $0.55 from $0.72 in the prior year's quarter, pressured by lower vehicle prices and reduced carbon credit sales. Energy storage deployments reached a record 12.5 GWh, offering a potential offset through higher-margin growth.
The stock has risen nearly 10% year-to-date, recently surpassing $444 after doubling in six months, though it underperformed the Magnificent Seven earlier in 2025. Options pricing indicates traders anticipate a 7% move in either direction post-earnings, with historical post-report volatility averaging 9.6%. Wall Street's consensus price target stands at about $366, roughly 17% below recent closes, reflecting a split outlook: six buy ratings, four holds, and three sells.
Key areas of focus include updates on lower-cost models announced earlier this month, the robotaxi rollout with pilot operations planned for 2026, and progress on the Optimus humanoid robot. Wedbush analysts noted, "The Tesla story going forward is around the AI transformation being led by the autonomous and robotics initiatives." Daniel Ives of Wedbush maintained an Outperform rating with a $600 target, emphasizing the AI era's potential to unlock $1 trillion in autonomous valuation. Broader EV market growth, with global sales projected at 17 million in 2025, underscores Tesla's 16% share amid competition from Chinese rivals like BYD.
