Tesla (TSLA) Financials & Stock Analysis

Tesla

NASDAQ: TSLA · USD

Revenue by business

USD millions

$28,236M

Tesla Revenue by business. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
Period	Automotive	Energy	Services & other	Total revenue
2023 Q1	$19,963M; Change unavailable vs 2022 Q4	$1,529M; Change unavailable vs 2022 Q4	$1,837M; Change unavailable vs 2022 Q4	$23,329M; Change unavailable vs 2022 Q4
2023 Q2	$21,268M; +6.5% vs 2023 Q1	$1,509M; −1.3% vs 2023 Q1	$2,150M; +17.0% vs 2023 Q1	$24,927M; +6.8% vs 2023 Q1
2023 Q3	$19,625M; −7.7% vs 2023 Q2	$1,559M; +3.3% vs 2023 Q2	$2,166M; +0.7% vs 2023 Q2	$23,350M; −6.3% vs 2023 Q2
2023 Q4	$21,563M; +9.9% vs 2023 Q3	$1,438M; −7.8% vs 2023 Q3	$2,166M; 0.0% vs 2023 Q3	$25,167M; +7.8% vs 2023 Q3
2024 Q1	$17,378M; −19.4% vs 2023 Q4	$1,635M; +13.7% vs 2023 Q4	$2,288M; +5.6% vs 2023 Q4	$21,301M; −15.4% vs 2023 Q4
2024 Q2	$19,878M; +14.4% vs 2024 Q1	$3,014M; +84.3% vs 2024 Q1	$2,608M; +14.0% vs 2024 Q1	$25,500M; +19.7% vs 2024 Q1
2024 Q3	$20,016M; +0.7% vs 2024 Q2	$2,376M; −21.2% vs 2024 Q2	$2,790M; +7.0% vs 2024 Q2	$25,182M; −1.2% vs 2024 Q2
2024 Q4	$19,798M; −1.1% vs 2024 Q3	$3,061M; +28.8% vs 2024 Q3	$2,848M; +2.1% vs 2024 Q3	$25,707M; +2.1% vs 2024 Q3
2025 Q1	$13,967M; −29.5% vs 2024 Q4	$2,730M; −10.8% vs 2024 Q4	$2,638M; −7.4% vs 2024 Q4	$19,335M; −24.8% vs 2024 Q4
2025 Q2	$16,661M; +19.3% vs 2025 Q1	$2,789M; +2.2% vs 2025 Q1	$3,046M; +15.5% vs 2025 Q1	$22,496M; +16.3% vs 2025 Q1
2025 Q3	$21,205M; +27.3% vs 2025 Q2	$3,415M; +22.4% vs 2025 Q2	$3,475M; +14.1% vs 2025 Q2	$28,095M; +24.9% vs 2025 Q2
2025 Q4	$17,693M; −16.6% vs 2025 Q3	$3,837M; +12.4% vs 2025 Q3	$3,371M; −3.0% vs 2025 Q3	$24,901M; −11.4% vs 2025 Q3
2026 Q1	$16,234M; −8.2% vs 2025 Q4	$2,408M; −37.2% vs 2025 Q4	$3,745M; +11.1% vs 2025 Q4	$22,387M; −10.1% vs 2025 Q4
2026 Q2	$20,516M; +26.4% vs 2026 Q1	$3,139M; +30.4% vs 2026 Q1	$4,581M; +22.3% vs 2026 Q1	$28,236M; +26.1% vs 2026 Q1

Free cash flow

USD millions

$-1,092M

Tesla Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
Period	Free cash flow
FY 2011 Q2	$-76.802M; Change unavailable vs FY 2011 Q1
FY 2011 Q3	$-90.335M; −17.6% vs FY 2011 Q2
FY 2011 Q4	$-81.35M; +9.9% vs FY 2011 Q3
FY 2012 Q1	$-118.074M; −45.1% vs FY 2011 Q4
FY 2012 Q2	$-122.267M; −3.6% vs FY 2012 Q1
FY 2012 Q3	$-163.424M; −33.7% vs FY 2012 Q2
FY 2012 Q4	$-101.544M; +37.9% vs FY 2012 Q3
FY 2013 Q1	$6.352M; +106.3% vs FY 2012 Q4
FY 2013 Q2	$-78.708M; −1339.1% vs FY 2013 Q1
FY 2013 Q3	$25.798M; +132.8% vs FY 2013 Q2
FY 2013 Q4	$40.328M; +56.3% vs FY 2013 Q3
FY 2014 Q1	$-80.724M; −300.2% vs FY 2013 Q4
FY 2014 Q2	$-177.347M; −119.7% vs FY 2014 Q1
FY 2014 Q3	$-312.171M; −76.0% vs FY 2014 Q2
FY 2014 Q4	$-455.063M; −45.8% vs FY 2014 Q3
FY 2015 Q1	$-557.854M; −22.6% vs FY 2014 Q4
FY 2015 Q2	$-564.681M; −1.2% vs FY 2015 Q1
FY 2015 Q3	$-595.743M; −5.5% vs FY 2015 Q2
FY 2015 Q4	$-441.071M; +26.0% vs FY 2015 Q3
FY 2016 Q1	$-466.464M; −5.8% vs FY 2015 Q4
FY 2016 Q2	$-144.384M; +69.0% vs FY 2016 Q1
FY 2016 Q3	$176.038M; +221.9% vs FY 2016 Q2
FY 2016 Q4	$-969.821M; −650.9% vs FY 2016 Q3
FY 2017 Q1	$-622.435M; +35.8% vs FY 2016 Q4
FY 2017 Q2	$-1,159.24M; −86.2% vs FY 2017 Q1
FY 2017 Q3	$-1,416.996M; −22.2% vs FY 2017 Q2
FY 2017 Q4	$-276.797M; +80.5% vs FY 2017 Q3
FY 2018 Q1	$-1,054.038M; −280.8% vs FY 2017 Q4
FY 2018 Q2	$-739.477M; +29.8% vs FY 2018 Q1
FY 2018 Q3	$881.01M; +219.1% vs FY 2018 Q2
FY 2018 Q4	$909.583M; +3.2% vs FY 2018 Q3
FY 2019 Q1	$-919.538M; −201.1% vs FY 2018 Q4
FY 2019 Q2	$613.929M; +166.8% vs FY 2019 Q1
FY 2019 Q3	$370.609M; −39.6% vs FY 2019 Q2
FY 2019 Q4	$1,013M; +173.3% vs FY 2019 Q3
FY 2020 Q1	$-895M; −188.4% vs FY 2019 Q4
FY 2020 Q2	$418M; +146.7% vs FY 2020 Q1
FY 2020 Q3	$1,395M; +233.7% vs FY 2020 Q2
FY 2020 Q4	$1,868M; +33.9% vs FY 2020 Q3
FY 2021 Q1	$293M; −84.3% vs FY 2020 Q4
FY 2021 Q2	$619M; +111.3% vs FY 2021 Q1
FY 2021 Q3	$1,328M; +114.5% vs FY 2021 Q2
FY 2021 Q4	$2,775M; +109.0% vs FY 2021 Q3
FY 2022 Q1	$2,228M; −19.7% vs FY 2021 Q4
FY 2022 Q2	$621M; −72.1% vs FY 2022 Q1
FY 2022 Q3	$3,297M; +430.9% vs FY 2022 Q2
FY 2022 Q4	$1,420M; −56.9% vs FY 2022 Q3
FY 2023 Q1	$441M; −68.9% vs FY 2022 Q4
FY 2023 Q2	$1,005M; +127.9% vs FY 2023 Q1
FY 2023 Q3	$848M; −15.6% vs FY 2023 Q2
FY 2023 Q4	$2,064M; +143.4% vs FY 2023 Q3
FY 2024 Q1	$-2,531M; −222.6% vs FY 2023 Q4
FY 2024 Q2	$1,342M; +153.0% vs FY 2024 Q1
FY 2024 Q3	$2,742M; +104.3% vs FY 2024 Q2
FY 2024 Q4	$2,031M; −25.9% vs FY 2024 Q3
FY 2025 Q1	$664M; −67.3% vs FY 2024 Q4
FY 2025 Q2	$146M; −78.0% vs FY 2025 Q1
FY 2025 Q3	$3,990M; +2632.9% vs FY 2025 Q2
FY 2025 Q4	$1,420M; −64.4% vs FY 2025 Q3
FY 2026 Q1	$1,444M; +1.7% vs FY 2025 Q4
FY 2026 Q2	$-1,092M; −175.6% vs FY 2026 Q1

Net margin

3.95%

Tesla Net margin. Reported fiscal history.
Fiscal period	%
FY 2011 Q2	-101.26%
FY 2011 Q3	-112.85%
FY 2011 Q4	-206.95%
FY 2012 Q1	-297.92%
FY 2012 Q2	-396.21%
FY 2012 Q3	-221.15%
FY 2012 Q4	-29.36%
FY 2013 Q1	2%
FY 2013 Q2	-7.53%
FY 2013 Q3	-8.92%
FY 2013 Q4	-2.64%
FY 2014 Q1	-8.03%
FY 2014 Q2	-8.05%
FY 2014 Q3	-8.77%
FY 2014 Q4	-11.25%
FY 2015 Q1	-16.4%
FY 2015 Q2	-19.29%
FY 2015 Q3	-24.54%
FY 2015 Q4	-26.38%
FY 2016 Q1	-24.61%
FY 2016 Q2	-23.09%
FY 2016 Q3	0.95%
FY 2016 Q4	-5.31%
FY 2017 Q1	-12.25%
FY 2017 Q2	-12.06%
FY 2017 Q3	-20.75%
FY 2017 Q4	-20.54%
FY 2018 Q1	-20.82%
FY 2018 Q2	-17.93%
FY 2018 Q3	4.56%
FY 2018 Q4	1.93%
FY 2019 Q1	-15.46%
FY 2019 Q2	-6.43%
FY 2019 Q3	2.27%
FY 2019 Q4	1.42%
FY 2020 Q1	0.27%
FY 2020 Q2	1.72%
FY 2020 Q3	3.77%
FY 2020 Q4	2.51%
FY 2021 Q1	4.22%
FY 2021 Q2	9.55%
FY 2021 Q3	11.76%
FY 2021 Q4	13.1%
FY 2022 Q1	17.69%
FY 2022 Q2	13.34%
FY 2022 Q3	15.34%
FY 2022 Q4	15.16%
FY 2023 Q1	10.77%
FY 2023 Q2	10.84%
FY 2023 Q3	7.94%
FY 2023 Q4	31.5%
FY 2024 Q1	5.3%
FY 2024 Q2	5.8%
FY 2024 Q3	8.61%
FY 2024 Q4	9.01%
FY 2025 Q1	2.12%
FY 2025 Q2	5.21%
FY 2025 Q3	4.89%
FY 2025 Q4	3.37%
FY 2026 Q1	2.13%
FY 2026 Q2	3.95%

P/E

× · TTM · Daily

346.1×

Tesla P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date	× · TTM · Daily	Financials through
2013-05-31	—	2013-03-31
2013-06-28	—	2013-03-31
2013-07-31	—	2013-03-31
2013-08-30	—	2013-03-31
2013-09-30	—	2013-03-31
2013-10-31	—	2013-03-31
2013-11-29	—	2013-03-31
2013-12-31	—	2013-03-31
2014-01-31	—	2013-03-31
2014-02-28	—	2013-03-31
2014-03-31	—	2013-03-31
2014-04-30	—	2013-03-31
2014-05-30	—	2014-03-31
2014-06-30	—	2014-03-31
2014-07-31	—	2014-03-31
2014-08-29	—	2014-03-31
2014-09-30	—	2014-03-31
2014-10-31	—	2014-03-31
2014-11-28	—	2014-03-31
2014-12-31	—	2014-03-31
2015-01-30	—	2014-03-31
2015-02-27	—	2014-03-31
2015-03-31	—	2014-03-31
2015-04-30	—	2014-03-31
2015-05-29	—	2014-03-31
2015-06-30	—	2014-03-31
2015-07-31	—	2014-03-31
2015-08-31	—	2014-03-31
2015-09-30	—	2014-03-31
2015-10-30	—	2014-03-31
2015-11-30	—	2014-03-31
2015-12-31	—	2014-03-31
2016-01-29	—	2014-03-31
2016-02-29	—	2014-03-31
2016-03-31	—	2014-03-31
2016-04-29	—	2014-03-31
2016-05-31	—	2014-03-31
2016-06-30	—	2014-03-31
2016-07-29	—	2014-03-31
2016-08-31	—	2014-03-31
2016-09-30	—	2014-03-31
2016-10-31	—	2014-03-31
2016-11-30	—	2016-09-30
2016-12-30	—	2016-09-30
2017-01-31	—	2016-09-30
2017-02-28	—	2016-09-30
2017-03-31	—	2016-09-30
2017-04-28	—	2016-09-30
2017-05-31	—	2016-09-30
2017-06-30	—	2016-09-30
2017-07-31	—	2016-09-30
2017-08-31	—	2016-09-30
2017-09-29	—	2016-09-30
2017-10-31	—	2016-09-30
2017-11-30	—	2016-09-30
2017-12-29	—	2016-09-30
2018-01-31	—	2016-09-30
2018-02-28	—	2016-09-30
2018-03-29	—	2016-09-30
2018-04-30	—	2016-09-30
2018-05-31	—	2016-09-30
2018-06-29	—	2016-09-30
2018-07-31	—	2016-09-30
2018-08-31	—	2016-09-30
2018-09-28	—	2016-09-30
2018-10-31	—	2016-09-30
2018-11-30	—	2016-09-30
2018-12-31	—	2016-09-30
2019-01-31	—	2016-09-30
2019-02-28	—	2017-09-30
2019-03-29	—	2017-09-30
2019-04-30	—	2017-09-30
2019-05-31	—	2017-09-30
2019-06-28	—	2017-09-30
2019-07-31	—	2017-09-30
2019-08-30	—	2017-09-30
2019-09-30	—	2017-09-30
2019-10-31	—	2017-09-30
2019-11-29	—	2017-09-30
2019-12-31	—	2017-09-30
2020-01-31	—	2017-09-30
2020-02-28	—	2019-12-31
2020-03-31	—	2019-12-31
2020-04-30	—	2019-12-31
2020-05-29	—	2020-03-31
2020-06-30	—	2020-03-31
2020-07-31	804.8×	2020-06-30
2020-08-31	1,401.53×	2020-06-30
2020-09-30	1,206.59×	2020-06-30
2020-10-30	816.73×	2020-09-30
2020-11-30	1,194.66×	2020-09-30
2020-12-31	1,485.27×	2020-09-30
2021-01-29	1,670.19×	2020-09-30
2021-02-26	1,130.22×	2020-12-31
2021-03-31	1,117.55×	2020-12-31
2021-04-30	722.84×	2021-03-31
2021-05-28	637.03×	2021-03-31
2021-06-30	692.54×	2021-03-31
2021-07-30	357.66×	2021-06-30
2021-08-31	382.92×	2021-06-30
2021-09-30	403.61×	2021-06-30
2021-10-29	360.73×	2021-09-30
2021-11-30	370.69×	2021-09-30
2021-12-31	342.2×	2021-09-30
2022-01-31	303.33×	2021-09-30
2022-02-28	177.43×	2021-12-31
2022-03-31	219.66×	2021-12-31
2022-04-29	119.95×	2022-03-31
2022-05-31	104.45×	2022-03-31
2022-06-30	92.77×	2022-03-31
2022-07-29	108.23×	2022-06-30
2022-08-31	100.39×	2022-06-30
2022-09-30	96.61×	2022-06-30
2022-10-31	70.54×	2022-09-30
2022-11-30	60.36×	2022-09-30
2022-12-30	38.19×	2022-09-30
2023-01-31	53.7×	2022-09-30
2023-02-28	56.86×	2022-12-31
2023-03-31	57.34×	2022-12-31
2023-04-28	48.34×	2023-03-31
2023-05-31	60×	2023-03-31
2023-06-30	77.01×	2023-03-31
2023-07-31	76.02×	2023-06-30
2023-08-31	73.36×	2023-06-30
2023-09-29	71.13×	2023-06-30
2023-10-31	64.99×	2023-09-30
2023-11-30	77.69×	2023-09-30
2023-12-29	80.41×	2023-09-30
2024-01-31	43.66×	2023-12-31
2024-02-29	47.07×	2023-12-31
2024-03-28	40.98×	2023-12-31
2024-04-30	46.77×	2024-03-31
2024-05-31	45.45×	2024-03-31
2024-06-28	50.5×	2024-03-31
2024-07-31	65.01×	2024-06-30
2024-08-30	59.98×	2024-06-30
2024-09-30	73.29×	2024-06-30
2024-10-31	68.57×	2024-09-30
2024-11-29	94.72×	2024-09-30
2024-12-31	110.82×	2024-09-30
2025-01-31	200.02×	2024-12-31
2025-02-28	144.84×	2024-12-31
2025-03-31	128.12×	2024-12-31
2025-04-30	156.01×	2025-03-31
2025-05-30	191.56×	2025-03-31
2025-06-30	175.64×	2025-03-31
2025-07-31	178.95×	2025-06-30
2025-08-29	193.81×	2025-06-30
2025-09-30	258.16×	2025-06-30
2025-10-31	305.59×	2025-09-30
2025-11-28	287.92×	2025-09-30
2025-12-31	301.01×	2025-09-30
2026-01-30	401.92×	2025-12-31
2026-02-27	375.86×	2025-12-31
2026-03-31	347.14×	2025-12-31
2026-04-30	349.61×	2026-03-31
2026-05-29	399.23×	2026-03-31
2026-06-30	385.31×	2026-03-31
2026-07-31	289.46×	2026-06-30
2026-08-31	342.23×	2026-06-30
2026-09-25	346.1×	2026-06-30

ROIC

% · Annual / TTM

4.39%

Tesla ROIC. Reported fiscal history.
Fiscal period	% · Annual / TTM
FY 2011 Q2	—
FY 2011 Q3	—
FY 2011 Q4	—
FY 2012 Q1	—
FY 2012 Q2	—
FY 2012 Q3	—
FY 2012 Q4	—
FY 2013 Q1	—
FY 2013 Q2	—
FY 2013 Q3	—
FY 2013 Q4	—
FY 2014 Q1	—
FY 2014 Q2	—
FY 2014 Q3	—
FY 2014 Q4	—
FY 2015 Q1	—
FY 2015 Q2	—
FY 2015 Q3	—
FY 2015 Q4	—
FY 2016 Q1	—
FY 2016 Q2	—
FY 2016 Q3	—
FY 2016 Q4	—
FY 2017 Q1	—
FY 2017 Q2	—
FY 2017 Q3	—
FY 2017 Q4	—
FY 2018 Q1	—
FY 2018 Q2	—
FY 2018 Q3	—
FY 2018 Q4	—
FY 2019 Q1	—
FY 2019 Q2	—
FY 2019 Q3	—
FY 2019 Q4	—
FY 2020 Q1	—
FY 2020 Q2	9.04%
FY 2020 Q3	11.16%
FY 2020 Q4	12.54%
FY 2021 Q1	13.7%
FY 2021 Q2	19.89%
FY 2021 Q3	27.17%
FY 2021 Q4	38.89%
FY 2022 Q1	49.63%
FY 2022 Q2	51.53%
FY 2022 Q3	56.31%
FY 2022 Q4	52.25%
FY 2023 Q1	43.85%
FY 2023 Q2	39.75%
FY 2023 Q3	31.07%
FY 2023 Q4	—
FY 2024 Q1	—
FY 2024 Q2	—
FY 2024 Q3	—
FY 2024 Q4	9.99%
FY 2025 Q1	8.41%
FY 2025 Q2	7.15%
FY 2025 Q3	5.59%
FY 2025 Q4	4.68%
FY 2026 Q1	5.06%
FY 2026 Q2	4.39%

Vehicle deliveries

vehicles

480,126 vehicles

Tesla Vehicle deliveries. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
Period	Vehicle deliveries
2023 Q1	422,875 vehicles; Change unavailable vs 2022 Q4
2023 Q2	466,140 vehicles; +10.2% vs 2023 Q1
2023 Q3	435,059 vehicles; −6.7% vs 2023 Q2
2023 Q4	484,507 vehicles; +11.4% vs 2023 Q3
2024 Q1	386,810 vehicles; −20.2% vs 2023 Q4
2024 Q2	443,956 vehicles; +14.8% vs 2024 Q1
2024 Q3	462,890 vehicles; +4.3% vs 2024 Q2
2024 Q4	495,570 vehicles; +7.1% vs 2024 Q3
2025 Q1	336,681 vehicles; −32.1% vs 2024 Q4
2025 Q2	384,122 vehicles; +14.1% vs 2025 Q1
2025 Q3	497,099 vehicles; +29.4% vs 2025 Q2
2025 Q4	418,227 vehicles; −15.9% vs 2025 Q3
2026 Q1	358,023 vehicles; −14.4% vs 2025 Q4
2026 Q2	480,126 vehicles; +34.1% vs 2026 Q1

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for Tesla.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue by business: Reported revenue from company filings.
Free cash flow: Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin: Reported net income / revenue × 100.
P/E: Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC: NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Vehicle deliveries: Reported company figures.

Reported revenue and sources

Tesla financials