Wedoany.com Report-Oct. 23, Tesla Inc. reported a 12 percent year-on-year increase in total business revenue for the third quarter of 2025, reaching a record $28.1 billion, according to a statement the company sent to Global Times on Thursday. The automaker also noted that its Shanghai Gigafactory continues to function as its global export hub, supporting growth across the Asia-Pacific market.

The company’s free cash flow for the quarter hit a record high of $4 billion, underscoring the strong financial performance during the period.

According to data from the China Passenger Car Association, the Shanghai Gigafactory delivered over 90,000 vehicles in September, of which more than 71,000 units were sold in China, representing a 25 percent month-on-month increase.

In total, Tesla’s sales in the Chinese market reached nearly 170,000 vehicles during the third quarter, up 31 percent compared with the previous quarter. The launch and delivery of the new six-seat Model Y L in China also received strong market feedback, further contributing to sales momentum.

In its energy storage business, Tesla deployed 12.5 gigawatt-hours (GWh) of products during the quarter, marking a new record. The company highlighted that production at the Shanghai Gigafactory continues to play a central role in driving this segment’s expansion. The statement added that the energy storage segment achieved record deployments, gross profit, and margins, reflecting its growing contribution to Tesla’s overall performance.

During the earnings call on Wednesday, Tesla CFO Vaibhav Taneja emphasized the strength of the energy storage division, stating: “The energy storage business continued to deliver with record deployments, gross profit, and margins.”

Taneja also commented on the impact of tariffs on Tesla’s operations, noting that all current sales are supplied from China, while alternative production options are under development. He said: “However, as the ramp of mega factory Shanghai is happening, this is helping us avoid tariffs. We are using this factory to supply the non-US (market) demand.”

The company’s strategic use of its Shanghai Gigafactory has allowed it to mitigate tariff exposure while strengthening supply capacity for overseas markets. The facility remains a cornerstone of Tesla’s global manufacturing and export strategy, enabling the company to expand its footprint across Asia and beyond.

Overall, Tesla’s record quarterly revenue, strong cash flow, and robust energy storage performance demonstrate its steady growth momentum, supported by the continued productivity of its Shanghai operations and sustained demand in the Chinese market.