Tesla's board has approved a special committee's recommendation to award CEO Elon Musk 96 million shares of restricted stock as part of the 2025 CEO Interim Award. This decision was made to recognize Musk's contributions and retain his leadership during a critical period for the company, as it transitions into new sectors such as AI and robotics. The award is structured to take effect upon the resolution of regulatory waiting periods under the Hart-Scott-Rodino Act.
The company expects to account for this award as restricted stock with a performance condition, which may not result in immediate compensation expense recognition. The accounting grant-date fair value of the award could be substantial, potentially around $23.7 billion based on stock prices at the time of approval. This award aims to incentivize Musk to continue focusing on Tesla, especially amidst increasing competition for talent in the AI sector, while the company continues its legal efforts regarding the previous CEO Performance Award.
linkAug 04, 2025 06:03:14
Tesla, Inc. announced its financial results for the second quarter of 2025, reporting total revenues of $22.5 billion, a 12% decrease year-over-year. The company experienced a decline in automotive revenues due to lower vehicle deliveries and a reduced average selling price. Operating income fell to $0.9 billion, resulting in a 4.1% operating margin, influenced by increased operating expenses and lower regulatory credit revenue. The company's cash and investments totaled $36.8 billion, showing a slight decrease from the previous quarter, while free cash flow was reported at $0.1 billion.
In operational updates, Tesla launched its Robotaxi service in Austin and delivered the first fully autonomous customer vehicle. The company also reported record deployments in energy storage, particularly with its Megapack product. Production of Tesla's vehicles remained stable, with a total production of 410,244 units in Q2 2025. The company is preparing for the launch of new models, including a more affordable vehicle and the Cybercab, with production slated for 2026. Tesla continues to focus on enhancing its AI and robotics capabilities, as well as expanding its energy business.
linkJul 23, 2025 16:14:09
Tesla has announced that its 2025 annual meeting of shareholders will take place on November 6, 2025. Shareholders wishing to propose items for inclusion in the proxy statement must submit their proposals by July 31, 2025, to the designated address and email. Proposals that do not comply with SEC rules may be omitted from the proxy materials.
Additionally, shareholders intending to present certain matters, including director nominations, without inclusion in the proxy materials must deliver their notice between July 9, 2025, and August 8, 2025. The notice must adhere to the procedures outlined in Tesla's bylaws.
linkJul 09, 2025 21:18:15
In the second quarter of 2025, Tesla produced over 410,000 vehicles and delivered more than 384,000 vehicles. The company also deployed 9.6 GWh of energy storage products during this period. The Model 3/Y accounted for the majority of vehicle deliveries, with 373,728 units delivered, while other models contributed 10,394 units to the total deliveries.
Tesla will announce its financial results for the second quarter on July 23, 2025, following market close. A live question and answer webcast will be held at 4:30 p.m. Central Time to discuss the company's financial and business results. Investors are advised that vehicle deliveries and storage deployments are not the sole indicators of financial performance, which will be detailed in the upcoming earnings announcement.
linkJul 02, 2025 09:05:13
Tesla has announced the appointment of Jack Hartung to its Board of Directors, effective June 1, 2025. Hartung has been with Chipotle Mexican Grill since 2002, where he held various leadership roles, most recently as President and Chief Strategy Officer. He has overseen significant growth at Chipotle, which now operates over 3,700 restaurants globally, and has received recognition as 'CFO of the Year' by Orange County Business Journal.
As Hartung transitions from his executive role at Chipotle to a senior advisor position, he will bring extensive financial experience to Tesla's Board. In addition to his role at Chipotle, Hartung serves on the boards of Portillo’s Inc., The Honest Company, Inc., and ZocDoc, Inc.
linkMay 16, 2025 07:00:28
Tesla's Q1 2025 financial results show a 9% decrease in total revenue year-over-year, amounting to $19.3 billion. This decline was attributed to reduced vehicle deliveries, particularly due to the transition to the updated Model Y across all factories, as well as lower average selling prices. The company's operating income also fell significantly by 66%, leading to an operating margin of 2.1%. Despite these challenges, Tesla's Energy Generation and Storage revenue grew by 67%, contributing to a mixed performance overall.
The company reported a cash balance of $37 billion, reflecting a $0.4 billion increase from the previous quarter. Operating cash flow was $2.2 billion, and free cash flow stood at $0.7 billion. Tesla's production and delivery figures showed a decline, with total deliveries dropping by 13% compared to the previous year. The company is facing uncertainties in the automotive and energy markets due to shifting trade policies, which may impact demand for its products moving forward.
linkApr 22, 2025 16:10:12
In the first quarter of 2025, Tesla produced over 362,000 vehicles and delivered over 336,000 vehicles, alongside deploying 10.4 GWh of energy storage products. The production figures were affected by the changeover of Model Y lines across all four factories, resulting in a loss of several weeks of production, although the ramp-up of the New Model Y is proceeding positively.
Tesla will release its financial results for the first quarter on April 22, 2025, and will hold a live company update and question-and-answer session that day. The company emphasizes that vehicle deliveries and storage deployments are just two measures of financial performance and should not be viewed as definitive indicators of quarterly results, which will depend on various factors to be disclosed later.
linkApr 02, 2025 09:05:22
Tesla's financial results for FY 2024 revealed a net income of $7.1 billion, with significant operating income of $1.6 billion in Q4. The company achieved record vehicle deliveries and energy storage deployments, while maintaining a focus on affordability, resulting in the lowest cost of goods sold per vehicle at under $35,000. Investments in infrastructure and improvements in AI training capabilities were highlighted as key factors for future growth, alongside a strong cash position of $36.6 billion at year-end.
Conversely, the company faced challenges with a 23% year-over-year decline in operating income for Q4, attributed to reduced average selling prices and increased operating expenses. Total automotive revenues fell by 8% compared to the previous year, and there was a notable decrease in net income attributable to common stockholders, down 71% year-over-year. Despite record profits in the energy business, the overall gross profit decreased by 6% in Q4, indicating potential concerns in maintaining profitability amidst rising costs and market pressures.
linkJan 29, 2025 16:09:13
In the fourth quarter of 2024, Tesla achieved notable production and delivery milestones, producing approximately 459,000 vehicles and delivering over 495,000 vehicles. Additionally, the company deployed a record 11.0 GWh of energy storage products, contributing to a total of 31.4 GWh for the year. These results reflect the company's strong performance in both vehicle and energy sectors, thanks to the support of customers, employees, and stakeholders.
However, Tesla's financial performance metrics, such as net income and cash flow, will not be disclosed until the upcoming earnings announcement on January 29, 2025. The company cautioned that vehicle deliveries and storage deployments are only part of its overall financial picture, which will be influenced by various factors including average selling price and cost of sales. This lack of immediate financial details may leave investors awaiting more comprehensive insights into the company's financial health.
linkJan 02, 2025 09:06:39
Tesla's Q3 2024 results showcased impressive growth, with a record number of vehicle deliveries and significant increases in both operating income and net income, reaching $2.7 billion and $2.2 billion respectively. The company also reported its lowest cost of goods sold per vehicle, which indicates improved efficiency. The Energy business contributed positively, achieving a record gross margin, and the expansion of the Supercharger network continued, enhancing overall service profitability. Additionally, preparations for new, more affordable vehicle models are on track for launch in 2025, reflecting Tesla's commitment to making electric vehicles accessible to a broader audience.
However, the company is navigating macroeconomic challenges that have led some competitors to scale back on electric vehicle investments. Despite these headwinds, Tesla remains focused on enhancing its product lineup and reducing costs. The report mentioned a decrease in the average selling price of certain models, which could impact revenue, but overall, the strong cash flow and investment in AI projects position the company well for future growth. The continuous improvement in production capacity and the introduction of innovative technologies, like the Cybertruck and new AI capabilities, indicate Tesla's strategic direction towards maintaining its market leadership.
linkOct 23, 2024 16:09:26