Tesla, Inc. TSLA

Consumer discretionary SIC 3711 - Motor Vehicles & Passenger Car Bodies NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Manufacturing › Automobile and Light Duty Motor Vehicle Manufacturing derived Nasdaq

We are focused on bringing artificial intelligence ("AI") into the real world, through products and services like Full Self-Driving ("FSD") (Supervised) and Robotaxi, as well as working to develop and commercialize AI robots ("Bots") (including Optimus). We intend to leverage our current operations, in which we design, develop, manufacture, sell and lease high-performance fully electric vehicles and energy generation and storage systems that increasingly deliver AI-related and enhanced software and services to our customers, to achieve that objective. We generally sell our products directly to customers, and continue to grow our global retail, service and charging footprint to accelerate the widespread adoption of our products. We emphasize performance, attractive styling and the safety of our users and workforce in the design and manufacture of our products and are continuing to develop full self-driving technology for improved safety. We also strive to lower the cost of ownership for our customers through continuous efforts to reduce manufacturing costs and by offering financial and other services tailored to our products.

Last close 372.22 2026-10-23
Market cap $1.47T 2026-06-30 share count
52-week range 297.38 - 498.83

Valuation FY2025 figures against the last close

P/S15.5x
P/E344.6x
P/FCF236.4x
EV/EBITDA152.8x
Dividend yield—
Diluted EPS1.08

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Other international
  • China
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 47.6B (50.2%) 50% United States Other international, FY2025: 26.2B (27.7%) 28% Other international China, FY2025: 21B (22.1%) 22% China FY2024 United States, FY2024: 47.7B (48.9%) 49% Other international, FY2024: 29B (29.7%) 30% China, FY2024: 20.9B (21.4%) 21% FY2023 United States, FY2023: 45.2B (46.7%) 47% Other international, FY2023: 29.8B (30.8%) 31% China, FY2023: 21.7B (22.5%) 22%
Region FY2025FY2024FY2023
United States $47.63B $47.73B $45.23B
Other international $26.24B $29.02B $29.79B
China $20.96B $20.94B $21.75B

As the company reported it, from the “Segment Reporting and Information about Geographic Areas - Schedule of Revenues by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $94.83B$97.69B$96.77B$81.46B$53.82B$31.54B$24.58B$21.46B$11.76B$7.00B
Cost of revenue $77.73B$80.24B$79.11B$60.61B$40.22B$24.91B$20.51B$17.42B$9.54B$5.40B
Gross profit $17.09B$17.45B$17.66B$20.85B$13.61B$6.63B$4.07B$4.04B$2.22B$1.60B
R&D $6.41B$4.54B$3.97B$3.08B$2.59B$1.49B$1.34B$1.46B$1.38B$834.4M
SG&A $5.83B$5.15B$4.80B$3.95B$4.52B$3.15B$2.65B$2.83B$2.48B$1.43B
Total operating expenses $12.74B$10.37B$8.77B$7.20B$7.08B$4.64B$4.14B$4.43B$3.85B$2.27B
Operating income $4.36B$7.08B$8.89B$13.66B$6.52B$1.99B-$69.0M-$388.0M-$1.63B-$667.3M
Interest expense $338.0M$350.0M$156.0M$191.0M$371.0M$748.0M$685.0M$663.0M$471.0M$198.8M
Pre-tax income $5.28B$8.99B$9.97B$13.72B$6.34B$1.15B-$665.0M-$1.00B-$2.21B-$746.3M
Income tax $1.42B$1.84B$5.00B$1.13B$699.0M$292.0M$110.0M$58.0M$32.0M$26.7M
Net income $3.79B$7.09B$15.00B$12.56B$5.52B$721.0M-$862.0M-$976.0M-$1.96B-$674.9M
EPS, basic 1.182.234.734.021.870.25-0.98-1.14-11.83-4.68
EPS, diluted 1.082.044.303.621.630.21-0.98-1.14-11.83-4.68
Shares, diluted (wtd. avg.) 3.53B3.50B3.48B3.48B3.39B3.25B887.0M853.0M166.0M144.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $16.51B$16.14B$16.40B$16.25B$17.58B$19.38B$6.27B$3.69B$3.37B$3.39B
Short-term investments $27.55B$20.42B$12.70B$5.93B$131.0M—————
Receivables $4.58B$4.42B$3.51B$2.95B$1.91B$1.89B$1.32B$949.0M$515.4M$499.1M
Inventory $12.39B$12.02B$13.63B$12.84B$5.76B$4.10B$3.55B$3.11B$2.26B$2.07B
Total current assets $68.64B$58.36B$49.62B$40.92B$27.10B$26.72B$12.10B$8.31B$6.57B$6.26B
Property, plant and equipment —$35.84B$29.73B$23.55B$18.88B$12.75B$10.40B$11.33B$10.03B$5.98B
Goodwill $257.0M$244.0M$253.0M$194.0M$200.0M$207.0M$198.0M$68.0M$60.2M—
Other intangibles $124.0M$150.0M$178.0M$215.0M$257.0M$313.0M$339.0M$282.0M$361.5M$376.1M
Total assets $137.81B$122.07B$106.62B$82.34B$62.13B$52.15B$34.31B$29.74B$28.66B$22.66B
Accounts payable $13.37B$12.47B$14.43B$15.26B$10.03B$6.05B$3.77B$3.40B$2.39B$1.86B
Short-term debt $1.57B$2.34B$1.98B$1.02B$1.09B$1.76B$1.40B$2.22B$799.8M$1.11B
Total current liabilities $31.71B$28.82B$28.75B$26.71B$19.70B$14.25B$10.67B$9.99B$7.67B$5.83B
Long-term debt $6.58B$5.54B$2.68B$1.03B$4.25B$8.46B$10.40B$8.41B$8.83B$5.89B
Total liabilities $54.94B$48.39B$43.01B$36.44B$30.55B$28.42B$26.20B$23.43B$23.02B$16.75B
Retained earnings $39.00B$35.21B$28.12B$12.88B$329.0M-$5.40B-$6.08B-$5.32B-$4.97B-$3.00B
Total equity $82.14B$72.91B$63.37B$45.49B$31.02B$23.07B$7.47B$5.76B$5.23B$5.54B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $14.75B$14.92B$13.26B$14.72B$11.50B$5.94B$2.40B$2.10B-$61.0M-$123.8M
Depreciation and amortisation $5.03B$4.12B$3.33B$2.42B$1.91B$1.57B$1.37B$1.11B$769.0M$477.3M
Stock-based compensation $2.83B$2.00B$1.81B$1.56B$2.12B$1.73B$898.0M$749.0M$467.0M$334.2M
Capital expenditure $8.53B$11.34B$8.90B$7.16B$6.48B$3.16B$1.33B$2.10B$3.42B$1.28B
Investing cash flow -$15.48B-$18.79B-$15.58B-$11.97B-$7.87B-$3.13B-$1.44B-$2.34B-$4.20B-$1.08B
Financing cash flow $1.14B$3.85B$2.59B-$3.53B-$5.20B$9.97B$1.53B$574.0M$4.42B$3.74B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-053166.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -25B 0 25B 50B 75B 100B Revenue, FY2016: 7B Gross profit, FY2016: 1.6B Net income, FY2016: -674.9M Revenue, FY2017: 11.8B Gross profit, FY2017: 2.2B Net income, FY2017: -2B Revenue, FY2018: 21.5B Gross profit, FY2018: 4B Net income, FY2018: -976M Revenue, FY2019: 24.6B Gross profit, FY2019: 4.1B Net income, FY2019: -862M Revenue, FY2020: 31.5B Gross profit, FY2020: 6.6B Net income, FY2020: 721M Revenue, FY2021: 53.8B Gross profit, FY2021: 13.6B Net income, FY2021: 5.5B Revenue, FY2022: 81.5B Gross profit, FY2022: 20.9B Net income, FY2022: 12.6B Revenue, FY2023: 96.8B Gross profit, FY2023: 17.7B Net income, FY2023: 15B Revenue, FY2024: 97.7B Gross profit, FY2024: 17.4B Net income, FY2024: 7.1B Revenue, FY2025: 94.8B Gross profit, FY2025: 17.1B Net income, FY2025: 3.8B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $7.00B $11.76B $21.46B $24.58B $31.54B $53.82B $81.46B $96.77B $97.69B $94.83B
Gross profit $1.60B $2.22B $4.04B $4.07B $6.63B $13.61B $20.85B $17.66B $17.45B $17.09B
Net income -$674.9M -$1.96B -$976.0M -$862.0M $721.0M $5.52B $12.56B $15.00B $7.09B $3.79B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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