American electric vehicle (EV) maker Tesla has reported a 37 per cent decrease in net income – but a 12 per cent increase in revenue – for the third quarter (July-September) of 2025, after its worst quarterly loss in a decade in April-June.

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After reporting record vehicle deliveries in Q3 , Tesla's October 22 earnings call revealed a six per cent rise in revenue for its automotive business.

The increase was driven largely by the end of a $US7500 ($A11,554) US federal government tax credit for EV buyers on September 30, 2025.

"While we f

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