After being awarded 5-Star Safety Ratings from the European New Car Assessment Program (Euro NCAP), the Australasian New Car Assessment Program (ANCAP), and the US’ National Highway Traffic Safety Administration (NHTSA), the Tesla Model 3 is heading towards another set of crash tests, this time from the Insurance Institute for Highway Safety (IIHS), a nonprofit group funded by car insurers dedicated to reducing the number of accidents and injuries on the road.
The schedule for the Tesla Model 3’s impending crash tests were announced by the IIHS on Wednesday through its official Twitter account. The IIHS later shared an image of the vehicle that it will use for its crash tests: a blue Model 3 with black interior and 18″ wheels. The organization added that next week’s test will include a side crash test.
Interestingly, the vehicle that the IIHS will use for its upcoming crash tests does not seem to be the same Model 3 that was used when the group conducted preliminary safety tests on the vehicle last year. It should be noted that in May 2018, the IIHS has performed preliminary safety tests on a red Long Range Model 3 RWD, which was the only available variant of the electric sedan at the time.
The results were impressive then, with the group giving the Model 3 a “Superior” score for front crash prevention in its crash avoidance and mitigation category. This was primarily due to the Model 3’s suite of safety features, including its low-speed autobrake, and its high-speed autobrake systems. Nevertheless, the electric sedan did not receive a flawless rating from the IIHS in its preliminary tests, due to the Model 3’s low beams exhibiting a 15.2% glare during straightaways.
This rating was eventually adjusted and raised in December 2018, when the IIHS announced on Twiter that the Model 3’s headlights, which were improved and updated by Tesla, have been given a “Good” rating. The organization noted in its December announcement that the Model 3 headlights’ higher rating was reflective of electric sedans that were produced after June 2018.
Tesla has rolled out improvements to the Model 3 since the IIHS’ latest update on the vehicle last December. Considering that the IIHS’ teaser on Twitter featured what appeared to be a separate car from the Model 3 it tested last year, the group could very well be evaluating a newer build of the electric car. Hopefully, this is the case, as this would allow the IIHS to provide a safety rating on the Model 3 that is especially accurate of vehicles that are being produced today.
This could ultimately bode well for Tesla and its midsize electric sedan. As noted by Elon Musk, improvements to the company’s vehicles are rolled out as soon as they are ready. Thus, the Model 3 that the IIHS will be testing next week will likely feature improvements over the Model 3 that the group tested in May 2018 and December 2018 (provided that the vehicle was a newer build, of course). The results of the safety group’s tests next week will likely hold the answer.
Investor's Corner
LIVE BLOG: Tesla (TSLA) Q3 2025 earnings call
The following are live updates from Tesla’s Q3 2025 earnings call.
Tesla’s (NASDAQ:TSLA) earnings call comes on the heels of the company’s Q3 2025 update letter, which was released after the closing bell on October 22, 2025.
Tesla’s Q3 2025 Results
As could be seen in Tesla’s Q3 2025 Update Letter, the company posted GAAP EPS of $0.39 and non-GAAP EPS of $0.50 per share. Tesla also posted total revenues of $28.095 billion. GAAP net income is also listed at $1.37 billion.
Tesla’s total revenue increased 12% YoY to $28.1 billion, while operating income decreased 40% YoY to $1.6 billion. This means that for Q3 2025, Tesla’s had a 5.8% operating margin. Tesla’s quarter-end cash, cash equivalents and investments was $41.6 billion by the end of the third quarter.
Earnings call updates
The following are live updates from Tesla’s Q3 2025 earnings call. I will be updating this article in real time, so please keep refreshing the page to view the latest updates on this story.
16:25 CT – Good day to everyone, and welcome to another Tesla earnings call live blog. The Q3 2025 Update Letter seemed to be on the quieter side, but it’s hard not to be impressed with Tesla’s $4 billion free cash flow, an all-time high.
Now we just have to see how the earnings call will go.
Investor's Corner
Tesla (TSLA) Q3 2025 earnings results
Tesla’s Q3 earnings come on the heels of a quarter where the company produced over 447,000 vehicles, delivered over 497,000 vehicles, and deployed 12.5 GWh of energy storage products.
Tesla (NASDAQ:TSLA) has released its Q3 2025 earnings results in an update letter. The document was posted on the electric vehicle maker’s official Investor Relations website after markets closed today, October 22, 2025.
Tesla’s Q3 earnings come on the heels of a quarter where the company produced over 447,000 vehicles, delivered over 497,000 vehicles, and deployed 12.5 GWh of energy storage products.
Tesla’s Q3 2025 results
As could be seen in Tesla’s Q3 2025 Update Letter, the company posted GAAP EPS of $0.39 and non-GAAP EPS of $0.50 per share. Tesla also posted total revenues of $28.095 billion. GAAP net income is also listed at $1.37 billion.
In comparison, FactSet consensus expects Tesla to post earnings per share of around $0.56, down 22% from Q3 2024’s $0.72 per share. Tesla’s revenue is forecasted to rise 5.4% to $26.54 billion, as noted in an Investor.com report.
On the other hand, Sharp consensus, which tracks analyst revision trends, predicts Tesla to post earnings of $0.57 per share and revenue totaling $28.31 billion.
Other key results
Tesla highlighted the following Q3 results in its Update Letter.
As per Tesla, it is stil profitable with $1.6 billion GAAP operating income, $1.4 billion GAAP net income, and $1.8 billion non-GAAP net income. By the end of the third quarter, Tesla had an operating cash flow of $6.2 billion and record free cash flow of nearly $4.0 billion.
Tesla’s total revenue increased 12% YoY to $28.1 billion, while operating income decreased 40% YoY to $1.6 billion. This means that for Q3 2025, Tesla’s had a 5.8% operating margin. Tesla’s quarter-end cash, cash equivalents and investments were at $41.6 billion by the end of the third quarter.
Tesla’s Q3 2025 Update Letter
News
Tesla’s new Safety Report shows Autopilot is nine times safer than humans
Tesla released its Vehicle Safety Report for Q3 2025, and it showed that one crash was recorded every 6.36 million miles drive in which drivers were using Autopilot technology.
Tesla’s new Safety Report for Q3 shows Autopilot technology contributed to accident frequency that was nine times lower than the national average.
Tesla released its Vehicle Safety Report for Q3 2025, and it showed that one crash was recorded every 6.36 million miles drive in which drivers were using Autopilot technology.
This is a stark contrast from the most recent data made available by the National Highway Traffic Safety Administration (NHTSA) and Federal Highway Administration (FHWA), which shows there is an automobile crash approximately every 702,000 miles.
Autopilot & FSD Supervised safety data
In Q3 2025, we recorded 1 crash for every 6.36 million miles driven in which drivers were using Autopilot technology
By comparison, the most recent data available from NHTSA & FHWA (from 2023) shows that in the United States there was an… pic.twitter.com/8isNe7X4vg
— Tesla (@Tesla) October 22, 2025
The figure for Q3 2025 is slightly lower than the one that Tesla released in Q3 2024, which eclipsed 7 million miles between accidents for drivers using Autopilot technology.
Over the past seven quarters, Q1 has been Tesla’s strongest showing with the Vehicle Safety Report, with Q4 being the weakest. This is usually attributed to weather and driving conditions deteriorating toward the end of the year.
Q1 2024 was Tesla’s best performance so far, with one crash every 7.63 million miles.
Autopilot and Full Self-Driving have been a major focus of Tesla over the past few years, and recent versions have improved on what has already proven to be an extremely safe way to travel, as long as it is used correctly.
Tesla’s Full Self-Driving (Supervised) suite is a suitable way to allow the vehicle to navigate through any traffic setting and has been widely effective for day-to-day travel. With the data Tesla gets from its use across its vehicle fleet, it gets more refined and more accurate with every passing mile.
The company has teased the potential for completely unsupervised Full Self-Driving releases in the future, but Tesla has to solve autonomy before it can offer anything like that to the public.
LIVE BLOG: Tesla (TSLA) Q3 2025 earnings call
Tesla (TSLA) Q3 2025 earnings results
Tesla’s new Safety Report shows Autopilot is nine times safer than humans
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