- Tesla revealed it generated over $570 million in 2025 revenue from deals with Elon Musk’s other companies, SpaceX and xAI.
- The bulk of the revenue came from xAI for Megapack deployments and from SpaceX for vehicle purchases, including a likely $100 million-plus Cybertruck buy.
- The disclosure follows a February merger of SpaceX and xAI, which has deepened their commercial ties with Tesla across AI, energy storage, and semiconductors.
- Analysts recently flagged that one-time items, including tariff recognitions and warranty adjustments, boosted Tesla‘s first-quarter gross margin by an estimated $480 million.
Shares of Tesla, Inc. (TSLA) slipped slightly in premarket trading Friday after a fresh filing revealed the EV maker generated over $570 million in 2025 revenue from deals within CEO Elon Musk’s business ecosystem. The updated disclosure, filed Thursday, detailed significant financial contributions from his companies SpaceX and xAI.
Specifically, Tesla recorded $430.1 million from xAI, mainly for Megapack energy-storage deployments, and $143.3 million from SpaceX, largely for vehicle purchases. This development follows earlier reports that SpaceX likely bought over $100 million worth of Cybertrucks in the fourth quarter. Furthermore, Tesla recognized an additional $78.1 million in revenue from xAI through February 2026.
The financial ties were solidified after the February merger between SpaceX and xAI, which brought AI infrastructure and aerospace assets under one umbrella. Consequently, Tesla converted a planned $2 billion investment in xAI into Class A common stock of the merged SpaceX entity. The companies maintain ongoing agreements spanning vehicle sales, Megapack deployments, and the integration of xAI’s Grok chatbot into Tesla vehicles.
Meanwhile, this filing comes days after analysts flagged that much of Tesla’s first-quarter income included non-recurring items. CFO Vaibhav Taneja said tariff recognitions contributed over $250 million to the energy unit’s margin. Analysts estimated combined tariff and warranty adjustments lifted Tesla’s gross margin by about $480 million for the quarter.
On Stocktwits, retail sentiment for Tesla was ‘bullish’ amid ‘low’ message volume. One user commented, “If no bed news, I think we will hit 400 soon. But still, it is just bounce. Market is still waiting SpaceX IPO and how Elon work on both company because both company need cash flow.” Another echoed optimism, stating, “$400 coming in hot.”
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
