Tesla's net profits were down by 37 percent in the third quarter of 2025 compared to the same period last year, according to the latest figures published by the electric car manufacturer on Wednesday. Global profits stood at $1.37 billion for July through September, down from $2.17 billion in the same period of 2024. This continues the company’s downward trajectory, its cumulative profits since the beginning of the year (January to September) having also decreased by 37 percent compared to the same period in 2024. To explain this trend, the manufacturer points to Washington's customs duties, as well as an increase in expenditure related to internal restructuring.
Furthermore, analysts expect the final quarter to be more challenging. According to them, the acceleration in sales observed in September could lead to a slowdown over the next three months. This year, Tesla also lost its position as the world leader in electric vehicles to BYD, which now dominates this market.
