As of Q4'25, TSLA reported revenue of USD 24.9B, which represents a year-over-year decline of 3.1%. This marks a decrease from the previous quarter's peak of USD 28.1B in Q3'25, with revenue growth turning negative after a strong rebound earlier in the year. Over the period from Q1'23 to Q4'25, TSLA's revenue trend has been volatile, with notable fluctuations in both absolute revenue and year-over-year growth rates. After a period of steady growth through 2023, revenue declined in early 2024 before recovering to a high in Q3'25. However, growth rates have been inconsistent, with negative YoY growth in Q1'24, Q1'25, and Q2'25, punctuated by a significant rebound in Q3'25 (+11.6%). This suggests a challenging and dynamic revenue environment for TSLA across the observed quarters.