Tesla 表示周三将停止在 California 工厂生产 Model S 与 Model X，并把 Fremont, California 的产线空间改作生产 Optimus 人形机器人；但同一篇文字后段又写成「下季停止生产 Model S 与 Model Y」，出现型号指涉不一致。Elon Musk 在财报电话会议把此举定位为转向自动化与机器人，并设定 Fremont 目标年产 1,000,000 台 Optimus。他同时警告人形机器人领域的主要外部竞争将来自 China，并提到 Tesla 股价在盘后一度上涨约 2%。
2025 年 Tesla 全年营收为 94.8 billion USD，年减 3%，为五年来首次年度营收下滑；全年净利为 5.9 billion USD，年减 26%，显示在加大 AI 与机器人投资下获利承压。2025 年 Tesla 交车 1.6 million 辆，较 2024 年下滑 9%，且在竞争加剧与 U.S. 税收抵免到期后，EV 领先地位让位给 BYD。BYD 2025 年纯电车交付约 2.3 million 辆，年增近 28%，形成量能差距约 0.7 million 辆。
在自动驾驶与新业务上，Tesla 表示其在 South Korea 推出 supervised Full Self Driving (FSD)，客户在上线后单月以该系统行驶超过 1,000,000 km，但仍未获得在 China 推出该功能的批准。虽然 Tesla 不按地区拆分销售，China Passenger Car Association 的数据称 Tesla 的 Shanghai Gigafactory 2025 年合计交付 851,732 辆（含内销与出口），较 2024 年下降 7.1%。其中 2025 年在 China 的销量为 625,698 辆，年减 4.8%，且内销与出口均放缓。
Tesla said on Wednesday it would stop producing Model S and Model X at its California plant and convert space at Fremont, California, to produce Optimus humanoid robots, but later in the same text it also says it will stop making Model S and Model Y next quarter, creating an internal model-reference inconsistency. On the earnings call, Elon Musk framed the move as part of a shift toward autonomy and robotics, set a target of 1,000,000 Optimus robots per year at Fremont, and warned that China would be the toughest competitor. Tesla shares rose about 2% in extended trading.
For full-year 2025, Tesla revenue fell 3% to $94.8 billion, its first annual revenue decline in five years, while net income fell 26% year over year to $5.9 billion, indicating margin pressure as it increases AI and robotics investment. Tesla delivered 1.6 million vehicles in 2025, down 9% versus 2024, and ceded the EV leadership position to BYD amid intensifying competition and the expiration of U.S. tax credits. BYD’s battery-electric deliveries rose nearly 28% to about 2.3 million units in 2025, a volume gap of roughly 0.7 million vehicles.
On autonomy and new ventures, Tesla said it launched supervised Full Self Driving (FSD) in South Korea and customers there drove over 1,000,000 km using the software in a single month after launch, but it still lacks approval to roll out the feature in China. Although Tesla does not break out regional sales, China Passenger Car Association data says Tesla’s Shanghai Gigafactory delivered 851,732 vehicles in 2025 including domestic sales and exports, down 7.1% versus 2024. China sales were 625,698 vehicles in 2025, down 4.8%, with both domestic sales and exports slowing.