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

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 5 years

Total assets $137.8B

Total liabilities $54.9B

Shareholders equity $82.1B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+2.3%	-1.6%	+0.9%	-7.5%	—
Short Term Investments	+34.9%	+60.9%	+114.0%	+4428.2%	—
Accounts Receivable	+3.6%	+25.9%	+18.8%	+54.3%	—
Inventory	+3.1%	-11.8%	+6.1%	+123.0%	—
Prepaid Expenses	+42.0%	+58.3%	+15.2%	+70.7%	—
Total Current Assets	+17.6%	+17.6%	+21.3%	+51.0%	—
Property,Plant and Equipment	+13.4%	+20.6%	+26.2%	+24.7%	—
Operating Lease Assets	+16.8%	+23.4%	+63.1%	+27.1%	—
Deferred Tax Assets	+6.1%	-3.1%	+1952.7%	—	—
Other Noncurrent Assets	+6.5%	+20.6%	+16.4%	+19.2%	—
Total Assets	+12.9%	+14.5%	+29.5%	+32.5%	—
Liabilities
Accounts Payable	+7.2%	-13.6%	-5.4%	+52.2%	—
Accrued Liabilities	+23.8%	+18.1%	+10.7%	+43.5%	—
Deferred Revenue	+8.1%	+10.6%	+63.9%	-26.3%	—
Current Portion of Long Term Debt	-33.2%	+3.5%	+58.0%	-5.5%	—
Total Current Liabilities	+10.0%	+0.3%	+7.6%	+35.5%	—
Long Term Debt	+17.0%	+101.5%	+78.9%	-69.6%	—
Deferred Revenue Noncurrent	+9.5%	+2.0%	+15.9%	+36.6%	—
Other Noncurrent Liabilities	+22.5%	+28.7%	+53.0%	+50.3%	—
Total Liabilities	+13.5%	+12.5%	+18.0%	+19.3%	—
Equity
Preferred Stock	—	—	—	—	—
Common Stock	+0.0%	+0.0%	+0.0%	+0.0%	—
Additional Paid In Capital	+11.5%	+10.0%	+8.4%	+8.0%	—
Retained Earnings	+10.8%	+26.3%	+116.4%	+3816.4%	—
Accumulated Other Comprehensive Income	+153.9%	-368.5%	+60.4%	-768.5%	—
Total Stockholders Equity	+12.7%	+16.4%	+40.1%	+48.1%	—
Noncontrolling Interest	-4.8%	-4.0%	-6.6%	-5.0%	—
Temporary Equity and Other	-7.9%	-74.0%	-40.8%	-28.0%	—
Total Liabilitiesand Equity	+12.9%	+14.5%	+29.5%	+32.5%	—

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $94.8B

Operating income $4.4B

Net income $3.8B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	-2.9%	+0.9%	+18.8%	+51.4%	—
Expenses Cost of Revenue	-3.1%	+1.4%	+30.5%	+50.7%	—
Other Income Expense Gross Profit	-2.0%	-1.2%	-15.3%	+53.3%	—
Expenses Research and Development	+41.2%	+14.4%	+29.1%	+18.6%	—
Expenses Selling,General and Administrative	+13.3%	+7.3%	+21.6%	-12.6%	—
Expenses Restructuring and Asset Impairment	-27.8%	—	-100.0%	+751.9%	—
Expenses Operating Expenses	+22.8%	+18.3%	+21.8%	+1.6%	—
Other Income Expense Operating Income	-38.5%	-20.4%	-34.9%	+109.4%	—
Other Income Expense Interest Income	+7.1%	+47.2%	+258.9%	+430.4%	—
Other Income Expense Interest Expense	-3.4%	+124.4%	-18.3%	-48.5%	—
Other Income Expense Other Income/expense	-160.3%	+304.1%	+500.0%	-131.9%	—
Other Income Expense Income Before Tax	-41.3%	-9.9%	-27.3%	+116.3%	—
Income Tax Income Tax Expense	-22.5%	+136.7%	-541.8%	+61.9%	—
net Income Other Items Below Tax	+1.6%	-369.6%	+174.2%	+75.2%	—
net Income net Income	-46.5%	-52.7%	+19.4%	+127.5%	—
net Income Comprehensive Income	-26.5%	-56.9%	+25.3%	+133.0%	—
Earnings Per Share Basic Eps	-47.1%	-52.9%	+17.7%	+115.0%	—
Earnings Per Share Diluted Eps	-47.1%	-52.6%	+18.8%	+122.1%	—
Earnings Per Share Weighted Average Shares Diluted	+0.9%	+0.4%	+0.3%	+2.6%	—

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 5 years

Operating cash flow $14.7B

Investing cash flow $-15.5B

Financing cash flow $1.1B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	-46.1%	-52.2%	+19.0%	+123.0%	—
Operating Activities Depreciation and Amortization	+14.5%	+15.0%	+24.6%	+28.7%	—
Operating Activities Stock Based Compensation	+41.3%	+10.3%	+16.2%	-26.4%	—
Operating Activities Deferred Income Taxes	-74.2%	+107.5%	-3139.3%	-31.5%	—
Operating Activities Changes In Operating Assets and Liabilities	+692.6%	+103.6%	+39.4%	-656.5%	—
Operating Activities Other Non Cash Items	+844.5%	-138.8%	-45.8%	+143.6%	—
Operating Activities net Cash From Operating Activities	-1.2%	+12.6%	-10.0%	+28.1%	—
Investing Activities Capital Expenditures	+24.8%	-27.5%	-24.3%	-10.4%	—
Investing Activities Business Acquisitions	—	+100.0%	—	—	—
Investing Activities Purchases of Investments	-3.2%	-88.1%	-227.5%	-257.5%	—
Investing Activities Proceeds From Sale of Investments	+5.8%	+128.2%	+1203.9%	+252.2%	—
Investing Activities net Cash From Investing Activities	+17.6%	-20.6%	-30.2%	-52.2%	—
Financing Activities Proceeds From Debt	-2.8%	+46.1%	—	-100.0%	—
Financing Activities Repayment of Debt	-96.1%	-58.7%	+53.1%	+73.5%	—
Financing Activities Proceeds From Stock Issuance	-4.4%	+77.3%	+29.4%	-23.5%	—
Financing Activities Other Financing Activities	+106.8%	-10.6%	-12.4%	-13.5%	—
Financing Activities net Cash From Financing Activities	-70.4%	+48.8%	+173.4%	+32.2%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+221.3%	-3625.0%	+100.9%	-142.6%	—
Cash Reconciliation net Change In Cash	+480.9%	-157.4%	+121.7%	+30.6%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+18.0%	+17.9%	+18.2%	+25.6%	+25.3%
Operating margin	+4.6%	+7.2%	+9.2%	+16.8%	+12.1%
Net margin	+4.0%	+7.3%	+15.5%	+15.4%	+10.3%
FCF margin	+6.6%	+3.7%	+4.5%	+9.3%	+9.3%
Growth
Revenue CAGR (3y)	+5.2%	+22.0%	+45.3%	+49.1%	+35.9%
Returns
ROE	+4.6%	+9.7%	+23.9%	+28.1%	+18.3%
ROA	+2.8%	+5.8%	+14.1%	+15.2%	+8.9%
ROIC	+4.3%	+8.7%	+17.3%	+39.7%	+29.8%
Liquidity
Current ratio	2.16x	2.02x	1.73x	1.53x	1.38x
Quick ratio	0.66x	0.71x	0.69x	0.72x	0.99x
Leverage
D/E	0.67x	0.66x	0.69x	0.82x	1.01x
Interest coverage	12.88x	20.22x	56.99x	71.50x	17.58x
Efficiency
Asset turnover	0.69x	0.80x	0.91x	0.99x	0.87x
Cash conversion cycle	+13d	+14d	+10d	-1d	-26d

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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