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Tesla, Inc.

TSLA Consumer Cyclical Auto Manufacturers

Tesla, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $94.8 billion, down 2.93% from fiscal 2024.

Revenue
+25.5%
EPS
−5.56%
Free cash flow
−852.7%
Total debt
+9.75%

Quarter to June 2026, against a year earlier · Fiscal Q2 2026 earnings digest →

399.81 3.49 −0.87%
Market cap
$1.59T
P/E
338×
Fwd P/E
395×
Dividend yield
—
F-score
5/9
Altman Z
17.33
Beneish M
−2.88
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Revenue by segment Fiscal 2025

  • Automotive
  • Energy generation and storage

Every year since 2012 →

Insider Decisions last twelve months

Sold, $m 87.69
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 1 1 2 1 1 1 — — 1 — —
Insider Ownership 12.88%

Capital & Financial Ratios $m

Size
Market Cap 1,594,150.00
Revenue ttm 103,619.00
Net income ttm 3,864.00
Free cash flow ttm 5,755.00
Net debt Q (35,600.00)
Valuation
P/E 338.32 (above 35: high)
Forward P/E 395.00 (above 35: high)
Price / sales 12.47 (above 10: high)
Forward P/S Powerpack
Price / FCF 224.55
Price / book 14.77 (above 6: high)
Financial health
Current ratio Q 1.94 (at or above 1.5: strong)
Debt / equity Q 0.09 (at or below 0.5: strong)
Interest coverage Q 4.91
Growth
Revenue growth Q +25.52% (above 0%: growing)
Operating income growth Q −56.88% (below 0%: shrinking)
EPS, this year +1.27%
EPS, next year A +21.81% (at or above 15%: strong)
Revenue, next year A +13.74% (at or above 10%: strong)
EPS, past 5 yrs +38.32% (at or above 15%: strong)
EPS, next 5 yrs A +20.22% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 12.1×, against a ten-year median of 7.6×; over the ten years it ranged from 1.8× in 2019 to 24.2× in 2021.
P/E against its own 10 years 78.78%
10-year low 10-year high
P/S against its own 10 years 73.63%
10-year low 10-year high
P/B against its own 10 years 58.87%
10-year low 10-year high
EV/Sales against its own 10 years 73.60%
10-year low 10-year high
EV/FCF against its own 10 years 65.15%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 29,094 36,563 44,059 43,524
Receivables 3,508 4,418 4,576 4,087
Inventory 13,626 12,017 12,392 13,752
Other — — — —
49,616 58,360 68,642 68,758
2023 2024 2025 Q'26
Payables 14,431 12,474 13,371 15,324
ST’ Debt — — 1,640 —
Other — — — —
28,748 28,821 31,714 35,425

Compound Annual Growth %

10y 5y 3y
Sales 37.09% 24.63% 5.19%
Cash Flow 0.00% 19.93% 0.05%
Earnings 0.00% 40.62% (32.94%)
Book Value 54.28% 29.12% 22.10%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.45 Actual 0.48

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.45 0.50 Beat by 0.05
Q1 FY26 0.36 0.41 Beat by 0.05
Q2 FY26 0.50 0.33 Miss by 0.17
Q3 FY26 0.45 0.48 Beat by 0.03
Q4 FY26 0.51 — Reports 27 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.13 0.32 — — —
’25 0.12 0.33 0.39 0.24 1.08
’24 0.41 0.42 0.62 0.66 2.04
’23 0.73 0.78 0.53 2.27 4.30
’22 0.95 0.65 0.95 1.07 3.62
’21 0.13 0.34 0.48 0.68 1.63
’20 0.01 0.03 0.09 0.08 0.21
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 22,387 28,236 — — —
’25 19,335 22,496 28,095 24,901 94,827
’24 21,301 25,500 25,182 25,707 97,690
’23 23,329 24,927 23,350 25,167 96,773
’22 18,756 16,934 21,454 24,318 81,462
’21 10,389 11,958 13,757 17,719 53,823
’20 5,985 6,036 8,771 10,744 31,536
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 3,937 4,697 — — —
’25 2,156 2,540 6,238 3,813 14,747
’24 242 3,612 6,255 4,814 14,923
’23 2,513 3,065 3,308 4,370 13,256
’22 3,995 2,351 5,100 3,278 14,724
’21 1,641 2,124 3,147 4,585 11,497
’20 (440) 964 2,400 3,019 5,943
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1,444 (1,099) — — —
’25 664 146 3,990 1,420 6,220
’24 (2,535) 1,340 2,742 2,034 3,581
’23 441 1,005 848 2,063 4,357
’22 2,219 1,557 3,297 1,420 8,493
’21 (935) 619 1,328 2,775 3,787
’20 (895) 418 1,390 1,863 2,776
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 7,000 11,759 21,461 24,578 31,536 53,823 81,462 96,773 97,690 94,827 103,619 +33.6% 107,858 122,351 146,041 +15.5%
Gross margin, % 22.85 18.90 18.83 16.56 21.02 25.28 25.60 18.25 17.86 18.03 18.85 (4.8) pt
EBT (746) (2,209) (1,005) (665) 1,154 6,343 13,719 9,973 8,990 5,278 5,217 n/m
EBT margin, % (10.66) (18.79) (4.68) (2.71) 3.66 11.78 16.84 10.31 9.20 5.57 5.03 +16.2 pt
Net income (773) (2,241) (1,063) (775) 862 5,644 12,587 14,974 7,153 3,855 3,864 n/m
Per share, $
Per share, $ Revenue 3.24 4.72 8.39 9.24 11.27 18.19 26.03 30.49 30.56 29.40 32.01 +27.8%
Earnings (0.31) (0.79) (0.38) (0.33) 0.21 1.87 3.62 4.73 2.23 1.18 1.18 n/m
Cash flow (0.06) (0.02) 0.82 0.90 2.12 3.89 4.70 4.18 4.67 4.57 5.77 n/m
Capex (0.59) (1.37) (0.82) (0.50) (1.13) (2.61) (1.99) (2.80) (3.55) (2.64) (3.99) +18.1%
Free cash flow (0.65) (1.40) 0.00 0.40 0.99 1.28 2.71 1.37 1.12 1.93 1.78 n/m
Book value 2.56 2.10 2.25 2.81 8.25 10.48 14.53 19.96 23.03 25.68 27.02 +29.2%
Shares, m 2,163 2,490 2,559 2,661 2,798 2,959 3,130 3,174 3,197 3,225 3,231 +4.5%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 966.79 190.42 26.87 52.63 174.82 381.12 338.32 179.3
P/S 4.47 4.53 2.65 3.02 20.87 19.37 4.15 8.15 13.22 15.29 12.47 9.6
P/B 5.65 10.17 9.86 9.94 28.52 33.61 7.44 12.44 17.54 17.51 14.77 15.3
EV/Sales 4.98 5.10 3.02 3.32 20.66 19.19 3.94 7.91 12.93 14.92 12.14 9.6
EV/FCF (24.80) (17.26) (21,625.74) 76.10 234.72 273.52 37.79 175.69 352.62 227.44 218.61 (2,029.0)
Cash, $m
Cash, $m Operating cash flow (124) (61) 2,098 2,405 5,943 11,497 14,724 13,256 14,923 14,747 18,685 n/m
Capex (1,281) (3,415) (2,101) (1,332) (3,167) (7,710) (6,231) (8,899) (11,342) (8,527) (12,930) +23.4%
Free cash flow (1,405) (3,476) (3) 1,073 2,776 3,787 8,493 4,357 3,581 6,220 5,755 n/m
Balance, $m
Balance, $m Working capital 433 (1,104) (1,686) 1,436 12,469 7,395 14,208 20,868 29,539 36,928 33,333 +63.9%
Net debt 3,531 6,792 8,093 5,366 (9,777) (12,462) (20,588) (26,237) (30,806) (35,683) (35,600) n/m
Shareholders’ equity 5,538 5,235 5,757 7,467 23,075 31,015 45,489 63,367 73,617 82,807 87,465 +35.1%
Returns, %
Returns, % ROA (4.39) (7.65) (3.34) (2.69) 1.60 9.67 17.42 15.87 6.20 2.92 2.75 +7.3 pt
ROIC (4.60) (8.48) (1.75) (0.34) 9.37 21.97 34.28 14.97 10.33 5.78 5.27 +10.4 pt
ROE (20.38) (36.43) (17.76) (13.04) 4.52 20.43 32.90 27.55 10.35 4.85 4.60 +25.2 pt
People
People Employees 17,782 37,543 48,817 48,016 70,757 99,290 127,855 140,473 125,665 134,785 — +25.2%
Revenue/emp, $m 0.39 0.31 0.44 0.51 0.45 0.54 0.64 0.69 0.78 0.70 — +6.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Business profile

Updated

Tesla, Inc. was founded in 2003 and is headquartered in Austin. It designs, develops, manufactures, sells and leases fully electric vehicles, energy generation systems and energy storage systems.

Its automotive range includes the Model 3 sedan, Model Y compact SUV, Model S sedan, Model X SUV, Cybertruck pickup and Tesla Semi commercial vehicle. It also sells used vehicles, maintenance and collision services, parts, insurance, paid charging, merchandise and automotive regulatory credits.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Automotive 82,056 86.53%
Energy generation and storage 12,771 13.47%
Gross margin 18.03%
Operating margin 4.59%
Pre-tax margin 5.57%

Revenue by segment since 2012

Tesla, Inc. vs peers in Auto Manufacturers (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TSLA Tesla, Inc. $1.59T 338× 395× +25.52% (above 0%: growing) −5.56% (below 0%: shrinking) −852.74% (below 0%: shrinking) 16.83% 1.41%
TM Toyota Motor Corporation $232.9B 8.4× 9.8× +4.07% (above 0%: growing) +11.16% (above 0%: growing) −702.74% (below 0%: shrinking) 18.03% 7.86% Compare
GM General Motors Company $72.3B 42.0× 8.1× +1.92% (above 0%: growing) −25.77% (below 0%: shrinking) −7.52% (below 0%: shrinking) 7.61% 3.04% Compare
RACE Ferrari N.V. $63.7B 36.8× 36.0× +11.03% (above 0%: growing) +12.96% (above 0%: growing) +0.50% (above 0%: growing) 52.59% 31.22% Compare
F Ford Motor Company $49.3B — (loss-making) 13.6× −3.76% (below 0%: shrinking) n/m −53.58% (below 0%: shrinking) 12.59% 1.32% Compare
HMC Honda Motor Co., Ltd. $44.0B 6.0× 11.4× +4.19% (above 0%: growing) +105.66% (above 0%: growing) +20.08% (above 0%: growing) 22.24% 8.76% Compare
RIVN Rivian Automotive, Inc. $16.6B — (loss-making) — (loss-making) +27.24% (above 0%: growing) n/m −113.32% (below 0%: shrinking) 10.80% (50.42%) Compare
STLA Stellantis N.V. $13.6B 0.7× 10.0× −44.85% (below 0%: shrinking) −96.94% (below 0%: shrinking) −164.34% (below 0%: shrinking) 10.98% 2.26% Compare
LI Li Auto Inc. Sponsored ADR $9.5B — (loss-making) — (loss-making) −10.40% (below 0%: shrinking) n/m +291.23% (above 0%: growing) 11.05% (8.96%) Compare
Median of peers $46.6B 8.4× 10.7× +2.99% +11.16% −30.55% 11.82% 2.65%

All 28 Auto Manufacturers stocks →

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Barclays Oct 30, 2026 Upgrade Hold → Buy —
Mizuho Oct 27, 2026 Target raised Outperform 460.00
Wells Fargo Oct 27, 2026 Suspended — —
BNP Paribas Oct 27, 2026 Upgrade Sell → Hold 266.00 → 420.00
ARK Invest Oct 27, 2026 Reiterated — 4,400.00
Phillip Securities Oct 26, 2026 Target raised Sell 220.00 → 230.00
Morgan Stanley Oct 25, 2026 Reiterated Hold 410.00
Cantor Fitzgerald Oct 23, 2026 Reiterated Outperform 485.00
JPMorgan Oct 23, 2026 Target raised Hold 415.00 → 430.00
Canaccord Oct 23, 2026 Target raised Buy 410.00 → 442.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 42.53%
Held by the ten largest 23.66%
Holder Shares Stake Change
Vanguard 263.37m 6.67% +2.22m
BlackRock 214.12m 5.42% +6.03m
State Street 117.46m 2.97% +2.76m
Geode Capital Management 68.91m 1.75% +911.61k
Capital Group 55.67m 1.41% +2.32m
Invesco 55.46m 1.40% +583.29k
JPMorgan Chase 41.97m 1.06% −4.10m
Fidelity (FMR) 39.77m 1.01% +3.74m
Morgan Stanley 38.87m 0.98% −305.31k
Norges Bank 38.81m 0.98% +38.81m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 19 October 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 158.36b 10.37b 191.00

Ownership

Directors and executive officers, together 20.00%
Elon Musk 19.80%
Vanguard Capital Management 5.30%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Tesla, Inc. (TSLA) Latest News

31 Oct

Impact 3 · · The Motley Fool

30 Oct

Impact 3 · · The Motley Fool
Impact 3 · · 24/7 Wall St.
Impact 3 · · The Motley Fool

29 Oct

Impact 4 · · TheStreet
Impact 4 · · TIKR
Impact 4 · · 24/7 Wall St.
Impact 4 · · Zacks
Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool
Impact 4 · · Trefis
Impact 4 · · Trefis
Impact 4 · · Trefis
Impact 4 · · Zacks
Impact 4 · · The Motley Fool
Impact 4 · · The Motley Fool
Impact 4 · · The Motley Fool
Impact 3 · · TIKR

28 Oct

Impact 4 · · Benzinga
Impact 4 · · The Motley Fool
Impact 4 · · TIKR
Impact 4 · · Benzinga
Impact 4 · · Zacks
Impact 4 · · Benzinga
Impact 4 · · Zacks
Impact 4 · · 24/7 Wall St.
Impact 4 · · Benzinga
Impact 3 · · Zacks
Impact 3 · · PR Newswire
Impact 3 · · PR Newswire

TSLA metrics, ten years each

stockrow.com/TSLA · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com