NASDAQ : TSLA
Tesla, Inc. — Financial statements
Consumer Discretionary · Auto Manufacturers · United States
Last price 399.81 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.58T
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Tesla, Inc. (TSLA) reported revenue of 103.57B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 103.57B | 94.83B | 97.69B | 96.77B | 81.46B | 53.82B |
| Cost of Revenue | 83.60B | 77.73B | 80.24B | 79.11B | 60.61B | 40.22B |
| Gross Profit | 19.97B | 17.09B | 17.45B | 17.66B | 20.85B | 13.61B |
| Selling, General & Admin | 7.49B | 5.83B | 5.15B | 4.80B | 3.95B | 4.52B |
| Research & Development | 8.86B | 6.41B | 4.54B | 3.97B | 3.08B | 2.59B |
| Other Operating Expenses | 494.00M | 494.00M | 101.00M | 140.00M | -27.00M | |
| Operating Expenses | 16.84B | 12.74B | 9.79B | 8.77B | 7.16B | 7.08B |
| Operating Income | 3.13B | 4.36B | 7.66B | 8.89B | 13.69B | 6.52B |
| Interest Expense | -348.00M | -338.00M | -350.00M | -156.00M | -191.00M | -371.00M |
| Interest & Investment Income | 1.75B | 1.68B | 1.57B | 1.07B | 297.00M | 56.00M |
| Currency Exchange Gain (Loss) | 407.00M | 407.00M | 57.00M | 122.00M | -89.00M | 97.00M |
| Other Non Operating Income (Expenses) | -1.92B | -826.00M | 638.00M | 50.00M | 46.00M | 38.00M |
| EBT Excluding Unusual Items | 3.02B | 5.28B | 9.57B | 9.97B | 13.76B | 6.34B |
| Merger & Restructuring Charges | 332.00M | -583.00M | -36.00M | |||
| Pretax Income | 4.21B | 5.28B | 8.99B | 9.97B | 13.72B | 6.34B |
| Income Tax Expense | 935.00M | 1.42B | 1.84B | -5.00B | 1.13B | 699.00M |
| Earnings From Continuing Operations | 3.28B | 3.85B | 7.15B | 14.97B | 12.59B | 5.64B |
| Minority Interest in Earnings | -61.00M | -61.00M | -62.00M | 23.00M | -31.00M | -125.00M |
| Net Income | 3.22B | 3.79B | 7.09B | 15.00B | 12.56B | 5.52B |
| Preferred Dividends & Other Adjustments | -2.00M | -39.00M | -2.00M | -27.00M | -5.00M | |
| Net Income to Common | 3.22B | 3.79B | 7.13B | 15.00B | 12.58B | 5.52B |
| Shares Outstanding (Basic) | 3.24B | 3.23B | 3.20B | 3.17B | 3.13B | 2.96B |
| Shares Outstanding (Diluted) | 3.54B | 3.53B | 3.50B | 3.48B | 3.48B | 3.39B |
| EPS (Basic) | 1.00 | 1.18 | 2.23 | 4.73 | 4.02 | 1.87 |
| EPS (Diluted) | 0.91 | 1.08 | 2.04 | 4.30 | 3.62 | 1.63 |
| Free Cash Flow | 3.30B | 6.22B | 3.58B | 4.36B | 7.56B | 4.98B |
| Free Cash Flow Per Share | 0.93 | 1.76 | 1.02 | 1.25 | 2.18 | 1.47 |
| Gross Margin | 19.29% | 18.03% | 17.86% | 18.25% | 25.60% | 25.28% |
| Operating Margin | 3.03% | 4.59% | 7.84% | 9.19% | 16.81% | 12.12% |
| Profit Margin | 3.11% | 4.00% | 7.30% | 15.50% | 15.45% | 10.26% |
| Free Cash Flow Margin | 3.19% | 6.56% | 3.67% | 4.50% | 9.28% | 9.26% |
| EBITDA | 9.84B | 10.50B | 13.03B | 13.56B | 17.23B | 9.43B |
| EBITDA Margin | 9.50% | 11.08% | 13.33% | 14.01% | 21.16% | 17.53% |
| D&A For EBITDA | 6.70B | 6.15B | 5.37B | 4.67B | 3.54B | 2.91B |
| EBIT | 3.13B | 4.36B | 7.66B | 8.89B | 13.69B | 6.52B |
| EBIT Margin | 3.03% | 4.59% | 7.84% | 9.19% | 16.81% | 12.12% |
| Effective Tax Rate | 22.19% | 26.96% | 20.43% | 8.25% | 11.02% | |
| Revenue as Reported | 103.57B | 94.83B | 97.69B | 96.77B | 81.46B | 53.82B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 17.85B | 16.51B | 16.14B | 16.40B | 16.25B | 17.58B |
| Short-Term Investments | 27.59B | 27.55B | 20.42B | 12.70B | 5.93B | 131.00M |
| Cash & Short-Term Investments | 45.45B | 44.06B | 36.56B | 29.09B | 22.18B | 17.71B |
| Accounts Receivable | 4.72B | 4.60B | 4.25B | 3.32B | 3.12B | 1.99B |
| Other Receivables | 108.00M | 315.00M | 378.00M | |||
| Receivables | 4.72B | 4.71B | 4.57B | 3.70B | 3.12B | 1.99B |
| Inventory | 14.09B | 12.39B | 12.02B | 13.63B | 12.84B | 5.76B |
| Prepaid Expenses | 5.66B | 7.10B | 4.72B | 2.66B | 2.48B | 1.30B |
| Restricted Cash | 489.00M | 389.00M | 494.00M | 543.00M | 294.00M | 345.00M |
| Total Current Assets | 70.40B | 68.64B | 58.36B | 49.62B | 40.92B | 27.10B |
| Property, Plant & Equipment | 65.65B | 56.19B | 51.50B | 45.12B | 36.63B | 31.18B |
| Long-Term Investments | 2.87B | |||||
| Goodwill | 253.00M | 194.00M | 200.00M | |||
| Other Intangible Assets | 178.00M | 215.00M | 257.00M | |||
| Long-Term Accounts Receivable | 1.16B | 1.40B | 1.77B | 2.12B | 1.63B | 303.00M |
| Long-Term Deferred Tax Assets | 7.91B | 6.92B | 6.52B | 6.73B | 328.00M | |
| Other Long-Term Assets | 9.54B | 4.66B | 3.92B | 2.59B | 2.42B | 3.10B |
| Total Assets | 157.52B | 137.81B | 122.07B | 106.62B | 82.34B | 62.13B |
| Accounts Payable | 17.24B | 13.37B | 12.47B | 14.43B | 15.26B | 10.03B |
| Accrued Expenses | 6.43B | 4.48B | 3.79B | 4.05B | 3.77B | 2.95B |
| Current Portion of Long-Term Debt | 1.31B | 1.57B | 2.34B | 1.98B | 1.02B | 1.09B |
| Current Portion of Leases | 1.15B | 1.02B | 920.00M | 1.07B | 971.00M | 869.00M |
| Current Income Taxes Payable | 1.75B | 1.59B | 1.37B | 1.20B | 1.24B | 1.12B |
| Current Unearned Revenue | 4.66B | 3.42B | 3.17B | 2.86B | 1.75B | 1.45B |
| Other Current Liabilities | 7.96B | 6.25B | 4.76B | 3.16B | 2.71B | 2.20B |
| Total Current Liabilities | 40.49B | 31.71B | 28.82B | 28.75B | 26.71B | 19.70B |
| Long-Term Debt | 7.96B | 6.58B | 5.54B | 2.68B | 1.03B | 4.25B |
| Long-Term Leases | 6.03B | 5.54B | 4.83B | 3.85B | 2.73B | 2.66B |
| Long-Term Unearned Revenue | 4.13B | 3.63B | 3.32B | 3.25B | 2.80B | 2.05B |
| Long-Term Deferred Tax Liabilities | 24.00M | |||||
| Other Long-Term Liabilities | 9.03B | 7.47B | 5.89B | 4.48B | 3.17B | 1.85B |
| Total Liabilities | 67.63B | 54.94B | 48.39B | 43.01B | 36.44B | 30.55B |
| Common Stock | 4.00M | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M |
| Additional Paid-In Capital | 47.41B | 42.77B | 38.37B | 34.89B | 32.18B | 29.80B |
| Retained Earnings | 41.38B | 39.00B | 35.21B | 27.88B | 12.88B | 329.00M |
| Comprehensive Income & Other | 489.00M | 361.00M | -670.00M | -143.00M | -361.00M | 54.00M |
| Total Common Equity | 89.29B | 82.14B | 72.91B | 62.63B | 44.70B | 30.19B |
| Minority Interest | 600.00M | 728.00M | 767.00M | 975.00M | 1.19B | 1.39B |
| Shareholders' Equity | 89.89B | 82.86B | 73.68B | 63.61B | 45.90B | 31.58B |
| Total Liabilities & Equity | 157.52B | 137.81B | 122.07B | 106.62B | 82.34B | 62.13B |
| Total Debt | 16.45B | 14.72B | 13.62B | 9.57B | 5.75B | 8.87B |
| Net Cash (Debt) | 29.00B | 29.34B | 22.94B | 19.52B | 16.44B | 8.83B |
| Net Cash Per Share | 8.19 | 8.32 | 6.56 | 5.60 | 4.73 | 2.61 |
| Filing Date Shares Outstanding | 3.95B | 3.75B | 3.22B | 3.18B | 3.16B | 3.10B |
| Total Common Shares Outstanding | 3.95B | 3.75B | 3.22B | 3.19B | 3.16B | 3.10B |
| Working Capital | 29.91B | 36.93B | 29.54B | 20.87B | 14.21B | 7.39B |
| Book Value Per Share | 22.59 | 21.90 | 22.67 | 19.67 | 14.13 | 9.74 |
| Tangible Book Value | 89.29B | 82.14B | 72.91B | 62.20B | 44.30B | 29.73B |
| Tangible Book Value Per Share | 22.59 | 21.90 | 22.67 | 19.53 | 14.00 | 9.59 |
| Land | 13.22B | 11.84B | 10.68B | 9.50B | 7.75B | 4.67B |
| Machinery | 37.40B | 35.60B | 31.91B | 28.72B | 25.11B | 20.49B |
| Construction In Progress | 11.21B | 8.79B | 6.78B | 5.79B | 4.26B | 5.58B |
| Leasehold Improvements | 5.24B | 4.44B | 3.69B | 3.14B | 2.37B | 1.83B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.22B | 3.79B | 7.09B | 15.00B | 12.56B | 5.52B |
| Depreciation & Amortization | 6.70B | 6.15B | 5.37B | 4.67B | 3.54B | 2.91B |
| Asset Writedown & Restructuring Costs | 204.00M | |||||
| Stock-Based Compensation | 4.30B | 2.83B | 2.00B | 1.81B | 1.56B | 2.12B |
| Other Operating Activities | 1.20B | 1.34B | 384.00M | -5.97B | 573.00M | 279.00M |
| Change in Accounts Receivable | -143.00M | -261.00M | -1.08B | -586.00M | -1.12B | -130.00M |
| Change in Inventory | -2.19B | -630.00M | 937.00M | -1.20B | -6.46B | -1.71B |
| Change in Accounts Payable | 8.73B | 4.38B | 3.59B | 2.60B | 8.03B | 5.37B |
| Change in Unearned Revenue | 1.28B | 363.00M | 502.00M | 1.53B | 1.13B | 793.00M |
| Change in Other Net Operating Assets | -3.53B | -3.21B | -3.86B | -4.60B | -5.28B | -3.65B |
| Operating Cash Flow | 18.71B | 14.75B | 14.92B | 13.26B | 14.72B | 11.50B |
| Capital Expenditures | -15.41B | -8.53B | -11.34B | -8.90B | -7.16B | -6.51B |
| Cash Acquisitions | -64.00M | |||||
| Sale (Purchase) of Intangibles | -7.00M | -9.00M | ||||
| Investment in Securities | -6.04B | -6.95B | -7.45B | -6.62B | -5.81B | -132.00M |
| Other Investing Activities | 1.01B | -1.22B | ||||
| Investing Cash Flow | -21.46B | -15.48B | -18.79B | -15.58B | -11.97B | -7.87B |
| Long-Term Debt Issued | 5.59B | 5.74B | 3.93B | 8.88B | ||
| Long-Term Debt Repaid | -5.65B | -2.88B | -1.81B | -3.87B | -14.62B | |
| Net Debt Issued (Repaid) | 1.40B | -64.00M | 2.86B | 2.12B | -3.87B | -5.73B |
| Issuance of Common Stock | 928.00M | 1.19B | 1.24B | 700.00M | 541.00M | 707.00M |
| Other Financing Activities | -86.00M | 17.00M | -251.00M | -227.00M | -202.00M | -178.00M |
| Financing Cash Flow | 2.25B | 1.14B | 3.85B | 2.59B | -3.53B | -5.20B |
| Foreign Exchange Rate Adjustments | -78.00M | 171.00M | -141.00M | 4.00M | -444.00M | -183.00M |
| Net Cash Flow | -578.00M | 579.00M | -152.00M | 265.00M | -1.22B | -1.76B |
| Free Cash Flow | 3.30B | 6.22B | 3.58B | 4.36B | 7.56B | 4.98B |
| Free Cash Flow Margin | 3.19% | 6.56% | 3.67% | 4.50% | 9.28% | 9.26% |
| Free Cash Flow Per Share | 0.93 | 1.76 | 1.02 | 1.25 | 2.18 | 1.47 |
| Levered Free Cash Flow | 4.97B | 3.73B | -826.88M | 2.23B | 4.00B | 6.22B |
| Unlevered Free Cash Flow | 5.18B | 3.94B | -608.12M | 2.33B | 4.12B | 6.45B |
| Cash Interest Paid | 292.00M | 292.00M | 277.00M | 126.00M | 152.00M | 266.00M |
| Cash Income Tax Paid | 1.23B | 1.23B | 1.33B | 1.12B | 1.20B | 561.00M |
| Change in Working Capital | 4.15B | 642.00M | 81.00M | -2.25B | -3.71B | 667.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.58T | 1.50T | 1.30T | 789.90B | 388.97B | 1.06T |
| Enterprise Value | 1.55T | 1.47T | 1.28T | 773.04B | 375.01B | 1.06T |
| Last Close Price | 399.81 | 449.72 | 403.84 | 248.48 | 123.18 | 352.26 |
| PE Ratio | 439.26 | 394.22 | 181.82 | 52.66 | 30.91 | 192.53 |
| Forward PE | 187.02 | 222.60 | 129.45 | 69.84 | 23.74 | 125.57 |
| PS Ratio | 15.26 | 15.77 | 13.27 | 8.16 | 4.78 | 19.76 |
| PB Ratio | 17.70 | 18.05 | 17.59 | 12.42 | 8.47 | 33.67 |
| P/TBV Ratio | 17.70 | 18.21 | 17.78 | 12.70 | 8.78 | 35.77 |
| P/FCF Ratio | 478.46 | 240.46 | 362.01 | 181.29 | 51.45 | 213.44 |
| P/OCF Ratio | 84.47 | 101.42 | 86.87 | 59.59 | 26.42 | 92.51 |
| PEG Ratio | 5.44 | 6.85 | 15.45 | 4.16 | 0.81 | 2.32 |
| EV/Sales Ratio | 14.98 | 15.49 | 13.06 | 7.99 | 4.60 | 19.68 |
| EV/EBITDA Ratio | 157.69 | 139.82 | 97.97 | 57.02 | 21.76 | 112.26 |
| EV/EBIT Ratio | 495.01 | 337.22 | 166.64 | 86.95 | 27.39 | 162.36 |
| EV/FCF Ratio | 469.68 | 236.10 | 356.40 | 177.42 | 49.60 | 212.54 |
| Debt / Equity Ratio | 0.18 | 0.18 | 0.18 | 0.15 | 0.12 | 0.28 |
| Debt / EBITDA Ratio | 1.39 | 1.20 | 0.94 | 0.65 | 0.32 | 0.88 |
| Debt / FCF Ratio | 4.98 | 2.37 | 3.80 | 2.20 | 0.76 | 1.78 |
| Net Debt / Equity Ratio | -0.32 | -0.35 | -0.31 | -0.31 | -0.36 | -0.28 |
| Net Debt / EBITDA Ratio | -2.95 | -2.79 | -1.76 | -1.44 | -0.95 | -0.94 |
| Net Debt / FCF Ratio | -8.78 | -4.72 | -6.41 | -4.48 | -2.17 | -1.77 |
| Asset Turnover | 0.71 | 0.73 | 0.85 | 1.02 | 1.13 | 0.94 |
| Inventory Turnover | 6.34 | 6.37 | 6.26 | 5.98 | 6.52 | 8.16 |
| Quick Ratio | 1.24 | 1.54 | 1.43 | 1.14 | 0.95 | 1.00 |
| Current Ratio | 1.74 | 2.16 | 2.02 | 1.73 | 1.53 | 1.38 |
| Return on Equity (ROE) | 3.84% | 4.92% | 10.42% | 27.35% | 32.49% | 20.43% |
| Return on Assets (ROA) | 1.34% | 2.10% | 4.19% | 5.88% | 11.85% | 7.13% |
| Return on Invested Capital (ROIC) | 4.03% | 6.10% | 12.85% | 24.18% | 48.12% | 28.75% |
| Return on Capital Employed (ROCE) | 2.70% | 4.10% | 8.20% | 11.40% | 24.60% | 15.40% |
| Earnings Yield | 0.23% | 0.25% | 0.55% | 1.90% | 3.23% | 0.52% |
| FCF Yield | 0.21% | 0.42% | 0.28% | 0.55% | 1.94% | 0.47% |
| Buyback Yield / Dilution | -0.47% | -0.86% | -0.37% | -0.29% | -2.63% | -4.22% |