Tesla, Inc.

Consumer Discretionary Automobile Manufacturers Austin, Texas Last filing Jan 29, 2026 · FY2025

                    Revenue
                    FY2025
                
$94.8B
                    3y CAGR +5.2%
                    
                    P53
                    
                    -2.9%
                    
                    Net income
                    FY2025
                
$3.8B
                    Net margin +4.0%
                    
                    P24
                    
                    -46.5%
                    
                    Total assets
                    FY2025
                
$137.8B
                    ROA +2.8%
                    
                    P25
                    
                    +12.9%
                    
                    Operating cash flow
                    FY2025
                
$14.7B
                    FCF margin +6.6%
                    
                    P23
                    
                    -1.2%

17 yrs · FY2009–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 10 years

Total assets $137.8B

Total liabilities $54.9B

Shareholders equity $82.1B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	+18.8%	+21.1%	+24.7%	+29.2%	+38.1%	+53.4%	+21.5%	+2.6%	-3.7%	—
Short Term Investments	—	—	—	—	—	—	—	—	—	—
Accounts Receivable	+27.9%	+31.3%	+32.1%	+34.5%	+30.8%	+39.4%	+38.4%	+37.9%	+3.3%	—
Inventory	+22.0%	+24.6%	+30.9%	+35.6%	+22.7%	+18.7%	+19.8%	+22.7%	+9.5%	—
Prepaid Expenses	+50.3%	+51.4%	+50.4%	+57.3%	+54.7%	+62.2%	+54.2%	+37.2%	+38.0%	—
Total Current Assets	+30.5%	+32.2%	+34.4%	+36.7%	+34.1%	+43.7%	+24.6%	+15.2%	+5.0%	—
Property,Plant and Equipment	+23.7%	+25.1%	+25.7%	+25.7%	+25.8%	+20.8%	+20.2%	+37.6%	+67.6%	—
Operating Lease Assets	+7.5%	+6.4%	+4.2%	-3.3%	-8.4%	-16.0%	-27.0%	—	—	—
Deferred Tax Assets	—	—	—	—	—	—	—	—	—	—
Other Noncurrent Assets	+22.3%	+24.4%	+25.0%	+26.4%	+27.9%	+11.6%	+14.0%	+18.5%	+18.2%	—
Total Assets	+22.2%	+23.4%	+24.8%	+24.0%	+22.3%	+23.2%	+14.8%	+14.6%	+26.4%	—
Liabilities
Accounts Payable	+24.5%	+26.9%	+34.0%	+42.0%	+40.1%	+34.3%	+26.6%	+35.3%	+28.5%	—
Accrued Liabilities	+30.5%	+31.4%	+33.4%	+37.6%	+36.4%	+33.6%	+33.9%	+31.5%	+43.1%	—
Deferred Revenue	+10.2%	+10.5%	+10.5%	+3.4%	+10.7%	+11.6%	+9.8%	-0.1%	+31.0%	—
Current Portion of Long Term Debt	+5.8%	+12.1%	+13.4%	+7.3%	+10.1%	+21.3%	+22.0%	+61.5%	-19.1%	—
Total Current Liabilities	+20.7%	+22.1%	+25.6%	+28.9%	+27.6%	+25.0%	+22.3%	+31.0%	+31.7%	—
Long Term Debt	+1.6%	-0.2%	-9.8%	-19.5%	-2.2%	+13.0%	+25.7%	+26.7%	+60.7%	—
Deferred Revenue Noncurrent	+17.5%	+18.5%	+21.1%	+22.0%	+19.2%	+10.8%	+12.3%	+7.9%	+38.3%	—
Other Noncurrent Liabilities	+13.5%	+12.4%	+10.2%	+4.4%	-3.0%	-5.2%	-13.2%	-14.1%	+15.3%	—
Total Liabilities	+14.1%	+14.2%	+14.4%	+13.8%	+12.8%	+14.1%	+16.1%	+18.3%	+37.4%	—
Equity
Preferred Stock	—	—	—	—	—	—	—	—	—	—
Common Stock	+38.4%	+44.1%	+51.9%	+62.8%	+79.5%	+57.9%	—	—	+5.0%	—
Additional Paid In Capital	+20.9%	+22.1%	+23.9%	+26.7%	+30.8%	+36.8%	+17.9%	+14.8%	+18.1%	—
Retained Earnings	—	—	—	—	—	—	—	—	—	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Total Stockholders Equity	+37.2%	+40.7%	+44.5%	+45.3%	+44.7%	+47.1%	+11.7%	+1.8%	-10.8%	—
Noncontrolling Interest	-1.7%	-1.4%	-1.0%	-0.0%	+1.0%	+2.0%	+2.6%	+3.1%	+27.0%	—
Temporary Equity and Other	-18.5%	-19.8%	-5.8%	+1.8%	+9.1%	+15.6%	+20.5%	+23.1%	+8.4%	—
Total Liabilitiesand Equity	+22.2%	+23.4%	+24.8%	+24.0%	+22.3%	+23.2%	+14.8%	+14.6%	+26.4%	—

Income Statement

Revenue, expense, and profitability

19 accounts · 10 years

Revenue $94.8B

Operating income $4.4B

Net income $3.8B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	+33.6%	+39.0%	+45.5%	+50.5%	+50.4%	+45.7%	+52.0%	+75.1%	+68.0%	—
Expenses Cost of Revenue	+34.5%	+40.1%	+46.7%	+49.6%	+49.4%	+46.5%	+56.0%	+79.6%	+76.6%	—
Other Income Expense Gross Profit	+30.1%	+34.8%	+40.9%	+53.4%	+53.4%	+42.7%	+36.5%	+59.0%	+39.0%	—
Expenses Research and Development	+25.4%	+23.6%	+25.0%	+24.3%	+25.5%	+15.6%	+17.2%	+32.3%	+65.2%	—
Expenses Selling,General and Administrative	+16.9%	+17.3%	+18.9%	+18.4%	+25.8%	+21.7%	+22.7%	+40.7%	+72.9%	—
Expenses Restructuring and Asset Impairment	—	—	—	—	—	—	—	—	—	—
Expenses Operating Expenses	+21.1%	+20.9%	+21.3%	+21.2%	+25.6%	+19.6%	+22.2%	+39.8%	+70.1%	—
Other Income Expense Operating Income	—	—	—	—	—	—	—	—	—	—
Other Income Expense Interest Income	+79.9%	+91.9%	+99.3%	+80.7%	+45.7%	+36.9%	+72.8%	+67.7%	+130.8%	—
Other Income Expense Interest Expense	+6.1%	+7.3%	-3.4%	-0.7%	+13.3%	+39.3%	+51.0%	+82.6%	+137.0%	—
Other Income Expense Other Income/expense	—	+25.7%	+6.4%	—	+3.9%	—	-26.0%	-55.5%	—	—
Other Income Expense Income Before Tax	—	—	—	—	—	—	—	—	—	—
Income Tax Income Tax Expense	+55.5%	+69.7%	—	+86.7%	+92.1%	+81.9%	+60.3%	+47.4%	+18.2%	—
net Income Other Items Below Tax	—	—	-18.7%	—	—	—	—	-5.8%	+184.5%	—
net Income net Income	—	—	—	—	—	—	—	—	—	—
net Income Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Basic Eps	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Diluted Eps	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Weighted Average Shares Diluted	+42.7%	+49.0%	+57.6%	+70.0%	+88.0%	+65.5%	+83.2%	+143.2%	+14.9%	—

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 10 years

Operating cash flow $14.7B

Investing cash flow $-15.5B

Financing cash flow $1.1B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	—	—	—	—	—	—	—	—	—	—
Operating Activities Depreciation and Amortization	+23.1%	+24.2%	+25.6%	+25.8%	+25.2%	+25.1%	+31.5%	+41.7%	+72.7%	—
Operating Activities Stock Based Compensation	+26.8%	+25.1%	+27.3%	+29.3%	+44.7%	+50.9%	+39.0%	+49.7%	+39.7%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—	—	—	—	—	—
Operating Activities Other Non Cash Items	+38.4%	—	+30.6%	+51.2%	+37.5%	+92.1%	+110.1%	+170.8%	+829.1%	—
Operating Activities net Cash From Operating Activities	—	—	—	—	—	—	—	—	—	—
Investing Activities Capital Expenditures	—	—	—	—	—	—	—	—	—	—
Investing Activities Business Acquisitions	—	—	—	—	—	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	+130.1%	+153.6%	+157.4%	+96.4%	+74.8%	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Debt	+7.8%	+9.1%	+4.7%	—	+25.5%	+35.8%	+55.2%	+47.1%	+150.2%	—
Financing Activities Repayment of Debt	—	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	-4.9%	-5.0%	-13.1%	-18.6%	-17.6%	+61.5%	-15.9%	-60.2%	-64.7%	—
Financing Activities Other Financing Activities	-22.1%	—	—	—	—	—	—	+8.6%	+130.9%	—
Financing Activities net Cash From Financing Activities	-12.4%	+0.4%	-5.1%	—	—	+27.8%	-25.8%	-60.8%	+17.9%	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	-15.1%	—	-27.6%	—	—	+50.9%	-0.4%	-64.9%	-92.2%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+18.0%	+17.9%	+18.2%	+25.6%	+25.3%	+21.0%	+16.6%	+18.8%	+18.9%	+22.8%
Operating margin	+4.6%	+7.2%	+9.2%	+16.8%	+12.1%	+6.3%	-0.3%	-1.8%	-13.9%	-9.5%
Net margin	+4.0%	+7.3%	+15.5%	+15.4%	+10.3%	+2.3%	-3.5%	-4.5%	-19.1%	-11.0%
FCF margin	+6.6%	+3.7%	+4.5%	+9.3%	+9.3%	+8.8%	+4.4%	-0.0%	-29.6%	-20.1%
Growth
Revenue CAGR (3y)	+5.2%	+22.0%	+45.3%	+49.1%	+35.9%	+38.9%	+52.0%	+74.4%	+54.3%	+51.5%
Returns
ROE	+4.6%	+9.7%	+23.9%	+28.1%	+18.3%	+3.2%	-13.0%	-19.8%	-52.9%	-16.3%
ROA	+2.8%	+5.8%	+14.1%	+15.2%	+8.9%	+1.4%	-2.5%	-3.3%	-7.8%	-3.4%
ROIC	+4.3%	+8.7%	+17.3%	+39.7%	+29.8%	+10.3%	-0.5%	-2.9%	-14.7%	-8.2%
Liquidity
Current ratio	2.16x	2.02x	1.73x	1.53x	1.38x	1.88x	1.13x	0.83x	0.86x	1.07x
Quick ratio	0.66x	0.71x	0.69x	0.72x	0.99x	1.49x	0.71x	0.46x	0.51x	0.69x
Leverage
D/E	0.67x	0.66x	0.69x	0.82x	1.01x	1.28x	3.96x	4.76x	5.43x	3.52x
Interest coverage	12.88x	20.22x	56.99x	71.50x	17.58x	2.67x	-0.10x	-0.59x	-3.46x	-3.36x
Efficiency
Asset turnover	0.69x	0.80x	0.91x	0.99x	0.87x	0.60x	0.72x	0.72x	0.41x	0.31x
Cash conversion cycle	+13d	+14d	+10d	-1d	-26d	-7d	+16d	+10d	+11d	+40d

Valuation

Price against fundamentals

TSLA $422 · 2025-09-16 · 410d old · FY2025

Market cap $1.5T

P/E 392.06x

P/S 15.69x

P/B 18.11x

EV $1.5T

EV/EBITDA —

FCF yield +0.4%

Dividend yield —

Notes

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