Tesla's Financial Trends Look Horrible — Who Is To Blame? - CleanTechnica

The article from CleanTechnica highlights concerning financial trends for Tesla despite seemingly strong headline figures such as record vehicle deliveries, $28.1 billion in revenue, and $1.8 billion in net income for Q3 2025. Key issues include a 29% decline in net income compared to the previous year’s quarter, a 50% increase in operating expenses to $3.4 billion, and a 44% drop in income from regulatory credits to under $420 million. These declines occurred during a quarter expected to benefit from increased consumer demand, especially following the elimination of the US EV tax credit by Republican lawmakers. A major factor behind Tesla’s financial challenges is the significant reduction in revenue from regulatory credit trading, which previously contributed $2.8 billion in profit, mostly from the US market. This loss is tied to weakened federal fuel economy standards under the Trump administration, which removed incentives for other automakers to purchase Tesla’s credits. Additionally, Tesla’s rising AI-related expenses lack a