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reported major operational milestones in Q2 2025, notably the commercial rollout and geographic expansion of its robotaxi service in Austin, and set aggressive targets for reaching half the US population by year-end. Significant sequential gains in automotive revenue and margin were attributed to higher ASPs, an improved product mix, and increased FSD adoption rates, while The impact of tariffs and expiring EV credits is expected to pressure future US deliveries and regulatory credit revenue in the near term. The energy business achieved record power deployment and its highest gross profit to date, registering customer willingness to bear tariff headwinds, especially in industrial storage, even as legislative changes are set to negatively affect residential storage demand.

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