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. Member of the S&P 500 and Nasdaq 100.
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Tesla, Inc. (TSLA) Altman Z-score
Tesla, Inc.'s Altman Z-score for fiscal 2025 is 17.33, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 17.33 | (0.34) |
| FY2024 | 17.67 | 4.95 |
| FY2023 | 12.72 | 4.48 |
| FY2022 | 8.24 | (13.22) |
| FY2021 | 21.46 | 7.01 |
| FY2020 | 14.46 | 12.29 |
| FY2019 | 2.17 | 0.39 |
| FY2018 | 1.78 | 0.52 |
| FY2017 | 1.26 | 0.13 |
| FY2016 | 1.13 | (1.32) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.27 | — | 0.32 | |
| Retained earnings / total assets | 0.28 | — | 0.40 | |
| EBIT / total assets | 0.03 | — | 0.10 | |
| Market value of equity / total liabilities | 26.37 | — | 15.82 | |
| Sales / total assets | 0.69 | — | 0.69 | |
| Altman Z-score | Safe zone | 17.33 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.47 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| TSLA Tesla, Inc. | 17.3× |
| RACE Ferrari N.V. compare | 8.6× |
| LI Li Auto Inc. Sponsored ADR compare | 2.1× |
| TM Toyota Motor Corporation compare | 1.6× |
| HMC Honda Motor Co., Ltd. compare | 1.2× |
| GM General Motors Company compare | 1.2× |
| STLA Stellantis N.V. compare | 0.9× |
| F Ford Motor Company compare | 0.8× |
| RIVN Rivian Automotive, Inc. compare | −1.2× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on TSLA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement