US electric car giant Tesla's net profit fell 61% year-on-year in the fourth quarter of last year. The company's overall loss in 2025 is more than $1.2 billion.
Elon Musk's Tesla, which lost its title as the world's largest electric vehicle maker to Chinese rival BYD, also suffered errors in its financial statements.
The company has published its balance sheet for the period from October to December 2025. Accordingly, Tesla's revenue fell 3% annually in the final quarter of last year, to $24.9 billion. The company earned revenue of $25.7 billion during the same period in 2024.
The electric car giant's net profit, whose revenue fell 3% annually in 2025 to $94.8 billion, fell to $840 million with an annual decline of 61% in the fourth quarter of last year. Tesla's net profit was $2.1 billion in the last quarter of 2024.
The company's net profit dropped 46% to $3.8 billion in 2025. Tesla's profit per share was 60 cents in the fourth quarter of 2024, falling to 24 cents in the same period in 2025. Tesla's revenue and profit exceeded market expectations despite a decline in the final quarter of last year.
THE NUMBER OF DELIVERIES ALSO DECREASED
In the fourth quarter of 2025, Tesla produced 434 thousand 358 cars globally and delivered 418 thousand 227 cars. While the company's vehicle output decreased by 5.5% year-on-year during this period, the number of vehicles delivered decreased by 15.6%.
While Tesla's vehicle production in 2025 reached 1 million 654 thousand 667, the number of deliveries recorded was 1 million 636 thousand 129.
In the company's statement, it was stated that there will be more investments this year in infrastructure supporting clean energy, transportation and autonomous robotics.
The statement also said that Tesla signed an investment agreement worth about $2 billion to acquire shares of artificial intelligence company xAI on January 16.
