
Tesla's operating margin by quarter 2019-2025
In the first quarter of 2025, the operating margin of Tesla was *** percent, down from *** percent in the previous quarter. The 2023 drop in the operating margin was partly due to Tesla's investments in Artificial Intelligence and the adverse impact of changing trade policies and decreases in sales in some European markets. Tesla's earnings topped estimates in the second quarter of 2021 with net income exceeding *********** U.S. dollars for the first time.