Tesla, Inc. (TSLA) Q2 2025 Earnings Call Transcript


Tesla, Inc. (NASDAQ:TSLA) Q2 2025 Earnings Conference Call July 23, 2025 5:30 PM ET

Company Participants

Ashok Elluswamy – Executive Officer
Elon R. Musk – Co-Founder, Technoking of Tesla, CEO & Director
Franz von Holzhausen – Corporate Participant
Chief Designer – Corporate Participant
Lars Moravy – Vice President of Vehicle Engineering
Michael Snyder – Corporate Participant
Travis Axelrod – Head of Investor Relations
Vaibhav Taneja – Chief Financial Officer

Conference Call Participants

Adam Michael Jonas – Morgan Stanley, Research Division
Dan Meir Levy – Barclays Bank PLC, Research Division
Emmanuel Rosner – Wolfe Research, LLC
Mark Trevor Delaney – Goldman Sachs Group, Inc., Research Division
William Stein – Truist Securities, Inc., Research Division

Travis Axelrod

Good afternoon, everyone, and welcome to Tesla’s Second Quarter 2025 Q&A Webcast. My name is Travis Axelrod, Head of Investor Relations, and I’m joined today by Elon Musk, Vaibhav Taneja and a number of other executives.

Our Q2 results were announced at about 3:00 p.m. Central Time, and the update deck we published at the same link as this webcast.

During this call, we will discuss our business outlook and make forward-looking statements. These comments are based on our predictions and expectations as of today. Actual events or results could differ materially due to a number of risks and uncertainties, including those mentioned in our most recent filings with the SEC. [Operator Instructions]

Before we jump into Q&A, Elon has some opening remarks. Elon?

Elon R. Musk

Thanks, Travis. So we’ve had a very exciting quarter. We were able to successfully launch robotaxi, so providing our first drives with no one in the driver seat with paying customers in Austin. And as some may have noted, we’ve already expanded our service area in Austin. It’s bigger and longer. And it’s going to get even bigger and longer. We were expecting to really greatly increase



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