Price
Revenue (FY2025)
$94.83B
Revenue growth
-2.9%
Gross margin
18.0%
Operating margin
4.6%
Net margin
4.0%
Free cash flow
$6.22B
Website
tesla.com
SEC EDGAR
All filings →
Financials
Annual · FY2025 · source: SEC EDGAR · split-adjusted
Revenue
Net income
Free cash flow
EPS
| Income statement | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $94.83B | $97.69B | $96.77B | $81.46B | $53.82B | $31.54B |
| Cost of revenue | $77.73B | $80.24B | $79.11B | $60.61B | $40.22B | $24.91B |
| Gross profit | $17.09B | $17.45B | $17.66B | $20.85B | $13.61B | $6.63B |
| Gross margin | 18.0% | 17.9% | 18.2% | 25.6% | 25.3% | 21.0% |
| R&D | $6.41B | $4.54B | $3.97B | $3.08B | $2.59B | $1.49B |
| SG&A | $5.83B | $5.15B | $4.80B | $3.95B | $4.52B | $3.15B |
| Operating income | $4.36B | $7.08B | $8.89B | $13.66B | $6.52B | $1.99B |
| Operating margin | 4.6% | 7.2% | 9.2% | 16.8% | 12.1% | 6.3% |
| Pretax income | $5.28B | $8.99B | $9.97B | $13.72B | $6.34B | $1.15B |
| Income tax | $1.42B | $1.84B | -$5.00B | $1.13B | $699.0M | $292.0M |
| Net income | $3.79B | $7.09B | $15.00B | $12.56B | $5.52B | $721.0M |
| Net margin | 4.0% | 7.3% | 15.5% | 15.4% | 10.3% | 2.3% |
| EPS (diluted) | $1.08 | $2.04 | $4.30 | $3.62 | $1.63 | $0.21 |
| EPS (basic) | $1.18 | $2.23 | $4.73 | $4.02 | $1.87 | $0.25 |
| Shares (diluted) | 3.53B | 3.50B | 3.48B | 3.48B | 3.39B | 3.25B |
| Shares (basic) | 3.23B | 3.20B | 3.17B | 3.13B | 2.96B | 2.80B |
| Balance sheet | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Total assets | $137.81B | $122.07B | $106.62B | $82.34B | $62.13B | $52.15B |
| Cash & equivalents | $16.51B | $16.14B | $16.40B | $16.25B | $17.58B | $19.38B |
| Total liabilities | $54.94B | $48.39B | $43.01B | $36.44B | $30.55B | $28.42B |
| Stockholders' equity | $82.14B | $72.91B | $62.63B | $44.70B | $30.19B | $22.23B |
| Cash flow | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $14.75B | $14.92B | $13.26B | $14.72B | $11.50B | $5.94B |
| Capital expenditure | $8.53B | $11.34B | $8.90B | $7.16B | $6.48B | $3.16B |
| Free cash flow | $6.22B | $3.58B | $4.36B | $7.57B | $5.01B | $2.79B |
Ratios & metrics
source: SEC EDGAR · quarterly on a trailing-twelve-month basis
| Profitability | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Gross margin | 18.0% | 17.9% | 18.2% | 25.6% | 25.3% | 21.0% |
| Operating margin | 4.6% | 7.2% | 9.2% | 16.8% | 12.1% | 6.3% |
| EBITDA margin | 4.6% | 7.2% | 9.2% | 16.8% | 12.1% | 6.3% |
| Net margin | 4.0% | 7.3% | 15.5% | 15.4% | 10.3% | 2.3% |
| Returns | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Return on equity | 4.6% | 9.7% | 23.9% | 28.1% | 18.3% | 3.2% |
| Return on assets | 2.8% | 5.8% | 14.1% | 15.2% | 8.9% | 1.4% |
| Return on invested capital | 4.3% | 8.7% | 25.9% | 39.7% | 29.8% | 10.3% |
| Return on capital employed | 4.1% | 7.6% | 11.4% | 24.5% | 15.4% | 5.3% |
| Liquidity | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Current ratio | 2.16 | 2.02 | 1.73 | 1.53 | 1.38 | 1.88 |
| Quick ratio | 1.77 | 1.61 | 1.25 | 1.05 | 1.08 | 1.59 |
| Cash ratio | 0.52 | 0.56 | 0.57 | 0.61 | 0.89 | 1.36 |
| Working capital | $36.93B | $29.54B | $20.87B | $14.21B | $7.39B | $12.47B |
| Leverage | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Debt to equity | 0.10 | 0.11 | 0.08 | 0.07 | 0.23 | 0.53 |
| Debt to assets | 0.06 | 0.07 | 0.05 | 0.04 | 0.11 | 0.22 |
| Net debt | -$8.14B | -$7.93B | -$11.17B | -$13.15B | -$10.74B | -$7.70B |
| Net debt / EBITDA | -1.87 | -1.12 | -1.26 | -0.96 | -1.65 | -3.86 |
| Interest coverage | 12.9× | 20.2× | 57.0× | 71.5× | 17.6× | 2.7× |
| Financial leverage | 1.68 | 1.67 | 1.70 | 1.84 | 2.06 | 2.35 |
| Efficiency | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Asset turnover | 0.69 | 0.80 | 0.91 | 0.99 | 0.87 | 0.60 |
| Inventory turnover | 6.27 | 6.68 | 5.81 | 4.72 | 6.99 | 6.07 |
| Receivables turnover | 20.72 | 22.11 | 27.59 | 27.60 | 28.14 | 16.72 |
| Days sales outstanding | 18 days | 17 days | 13 days | 13 days | 13 days | 22 days |
| Days inventory outstanding | 58 days | 55 days | 63 days | 77 days | 52 days | 60 days |
| Days payables outstanding | 63 days | 57 days | 67 days | 92 days | 91 days | 89 days |
| Cash flow | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Free cash flow | $6.22B | $3.58B | $4.36B | $7.57B | $5.01B | $2.79B |
| Free cash flow margin | 6.6% | 3.7% | 4.5% | 9.3% | 9.3% | 8.8% |
| Income quality (CFO / net income) | 3.89 | 2.10 | 0.88 | 1.17 | 2.08 | 8.24 |
| Capex to revenue | 9.0% | 11.6% | 9.2% | 8.8% | 12.0% | 10.0% |
| Per share | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue per share | $29.40 | $30.56 | $30.49 | $26.03 | $18.19 | $11.27 |
| Book value per share | $25.47 | $22.81 | $19.73 | $14.28 | $10.20 | $7.94 |
| Cash per share | $5.12 | $5.05 | $5.17 | $5.19 | $5.94 | $6.93 |
| Free cash flow per share | $1.93 | $1.12 | $1.37 | $2.42 | $1.69 | $1.00 |
| Growth | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue growth (YoY) | -2.9% | 0.9% | 18.8% | 51.4% | 70.7% | — |
| Net income growth (YoY) | -46.5% | -52.7% | 19.4% | 127.5% | 665.5% | — |
| EPS growth (YoY) | -47.1% | -52.9% | 17.7% | 115.0% | 648.0% | — |
What does Tesla, Inc. do?
Visit website →
Tesla designs, develops, manufactures, and sells fully electric vehicles including the Model 3, Y, S, X, Cybertruck, and Tesla Semi. The company also sells and leases energy storage products like Powerwall and Megapack, as well as solar panels and Solar Roof systems. Tesla operates two reportable segments: automotive and energy generation and storage. The automotive segment generates revenue from vehicle sales and leasing, automotive regulatory credits, used vehicle sales, maintenance services, Supercharging, insurance, and parts sales. In the energy segment, Tesla sells, leases, and finances energy products and related services. The company is expanding into autonomous services, having launched its Robotaxi ride-hailing platform in June 2025. Tesla develops proprietary artificial intelligence and self-driving technology across its vehicles and is developing AI robots, including Optimus.
Insider transactions · TSLA
| Date | Insider | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Jun 16, 2026 | Musk Elon | CEO · Director · 10% owner | Option exercise | 303,960,630 | $23.34 | $7.1B |
| Jun 16, 2026 | Musk Elon | CEO · Director · 10% owner | Tax withholding | 17,531,857 | $404.66 | $7.1B |
| Jun 16, 2026 | Musk Elon | CEO · Director · 10% owner | Option exercise | 303,960,630 | — | — |
| Jun 8, 2026 | Taneja Vaibhav | Chief Financial Officer | Sell | 2,606 | $402.20 | $1M |
| Jun 5, 2026 | Taneja Vaibhav | Chief Financial Officer | Option exercise | 6,538 | — | — |
| Jun 5, 2026 | Taneja Vaibhav | Chief Financial Officer | Option exercise | 6,538 | — | — |
| May 13, 2026 | Taneja Vaibhav | Chief Financial Officer | Option exercise | 1,000 | $18.44 | $18,440 |
| May 13, 2026 | Taneja Vaibhav | Chief Financial Officer | Option exercise | 2,000 | $18.22 | $36,440 |
| May 13, 2026 | Taneja Vaibhav | Chief Financial Officer | Sell | 3,000 | $450.00 | $1M |
| May 13, 2026 | Taneja Vaibhav | Chief Financial Officer | Option exercise | 1,000 | — | — |
| May 13, 2026 | Taneja Vaibhav | Chief Financial Officer | Option exercise | 2,000 | — | — |
| Apr 30, 2026 | Wilson-Thompson Kathleen | Director | Option exercise | 40,948 | $14.99 | $613,811 |
| Apr 30, 2026 | Wilson-Thompson Kathleen | Director | Sell | 840 | $369.01 | $309,968 |
| Apr 30, 2026 | Wilson-Thompson Kathleen | Director | Sell | 1,520 | $369.77 | $562,049 |
| Apr 30, 2026 | Wilson-Thompson Kathleen | Director | Sell | 1,275 | $370.93 | $472,934 |
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Source: SEC Form 4. Grants, gifts and option exercises show no market value.
Institutional ownership · TSLA
509 institutional holders · $4.9B · 13F, Jun 2026
| Holder | Shares | Value |
|---|---|---|
| Assenagon Asset Management S.A. | 3,278,968 | $1.4B |
| Hyperion Asset Management Ltd | 1,228,138 | $517M |
| Cardano Risk Management B.V. | 861,418 | $362M |
| Czech National Bank | 801,343 | $337M |
| Neumann Advisory Hong Kong Ltd | 649,768 | $273M |
| Qrg Capital Management, Inc. | 487,632 | $205M |
| Unicom Systems, Inc. | 448,661 | $189M |
| Aegon Asset Management Uk Plc | 206,095 | $87M |
| Steelpeak Wealth, Llc | 203,996 | $86M |
| Global X Japan Co., Ltd. | 160,288 | $67M |
| Riverbridge Partners Llc | 107,923 | $45M |
| First Citizens Bank & Trust Co | 85,268 | $36M |
| Cx Institutional | 79,450 | $33M |
| Dynamic Advisor Solutions Llc | 77,875 | $33M |
| Gamma Investing Llc | 70,538 | $30M |
| Valeo Financial Advisors, Llc | 57,659 | $24M |
| Abner Herrman & Brock Llc | 57,280 | $24M |
| Wedmont Private Capital | 56,016 | $23M |
| Howland Capital Management Llc | 53,185 | $22M |
| Davenport & Co Llc | 50,431 | $21M |
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Source: SEC Form 13F (latest reported quarter; managers file up to 45 days after quarter-end).
More metrics
Income statement
Balance sheet
Returns
Liquidity
Leverage & solvency
Efficiency
Per share & growth
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Press releases · TSLA
Tesla Second Quarter 2026 Production, Deliveries & Deployments In the second quarter, we produced over 450,000 vehicles, delivered over 480,000 vehicles and deployed 13.5 GWh of energy storage products.
Profitability $0.9B GAAP operating income $0.5B GAAP net income $1.5B non-GAAP net income1 We continued to make meaningful progress on the build out of the infrastructure and AI software that underpins our Robotaxi and future robotics businesses in Q1.
Tesla First Quarter 2026 Production, Deliveries & Deployments In the first quarter, we produced over 408,000 vehicles, delivered over 358,000 vehicles and deployed 8.8 GWh of energy storage products.
Hardware 08 Supporting Infrastructure 09 AI & Software 10 Services 11 Other Updates 12 Outlook 13 Photos & Charts 14 Key Metrics 24 Financial Statements 27 Additional Information 34 2 S U M M A R YH I G
Tesla Fourth Quarter 2025 Production, Deliveries & Deployments In the fourth quarter, we produced over 434,000 vehicles, delivered over 418,000 vehicles and deployed 14.2 GWh of energy storage products – a record for deployments.
This strong performance resulted in both record revenue and free cash flow generation in the quarter.
SEC filings 189 total · EDGAR
189 filings on file — see every 10-K, 10-Q, 8-K and proxy. Unlock with MLQ Pro →
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