Stocks · Consumer discretionary · Motor Vehicles & Passenger Car Bodies

Tesla Inc.

TSLA Clue Score48
United States Fiscal year ends December CIK 0001318605
$382.70 +2.05% Close, 9 Oct 2026
Price $382.70 −51.68% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue7.00Operating income−0.67Net income−0.67EPS, diluted−4.68Fiscal year 2017Revenue11.76 +68.0%Operating income−1.63Net income−1.96EPS, diluted−11.83Fiscal year 2018Revenue21.46 +82.5%Operating income−0.39Net income−0.98EPS, diluted−1.14Fiscal year 2019Revenue24.58 +14.5%Operating income−0.07Net income−0.86EPS, diluted−0.98Fiscal year 2020Revenue31.54 +28.3%Operating income1.99Net income0.72EPS, diluted0.21Fiscal year 2021Revenue53.82 +70.7%Operating income6.52Net income5.52 +665.5%EPS, diluted1.63Fiscal year 2022Revenue81.46 +51.4%Operating income13.66Net income12.56 +127.5%EPS, diluted3.62Fiscal year 2023Revenue96.77 +18.8%Operating income8.89Net income15.00 +19.4%EPS, diluted4.30Fiscal year 2024Revenue97.69 +0.9%Operating income7.08Net income7.09 −52.7%EPS, diluted2.04Fiscal year 2025Revenue94.83 −2.9%Operating income4.36Net income3.79 −46.5%EPS, diluted1.08
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 7.00 11.76 21.46 24.58 31.54 53.82 81.46 96.77 97.69 94.83
Growth +68.0% +82.5% +14.5% +28.3% +70.7% +51.4% +18.8% +0.9% −2.9%
Operating income −0.67 −1.63 −0.39 −0.07 1.99 6.52 13.66 8.89 7.08 4.36
Net income −0.67 −1.96 −0.98 −0.86 0.72 5.52 12.56 15.00 7.09 3.79
Growth +665.5% +127.5% +19.4% −52.7% −46.5%
EPS, diluted −4.68 −11.83 −1.14 −0.98 0.21 1.63 3.62 4.30 2.04 1.08

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin22.8%Operating margin−9.5%Net margin−9.6%Free cash flow margin−20.1%Fiscal year 2017Gross margin18.9%Operating margin−13.9%Net margin−16.7%Free cash flow margin−29.6%Fiscal year 2018Gross margin18.8%Operating margin−1.8%Net margin−4.5%Free cash flow margin−0.0%Fiscal year 2019Gross margin16.6%Operating margin−0.3%Net margin−3.5%Free cash flow margin4.4%Fiscal year 2020Gross margin21.0%Operating margin6.3%Net margin2.3%Free cash flow margin8.8%Fiscal year 2021Gross margin25.3%Operating margin12.1%Net margin10.3%Free cash flow margin9.3%Fiscal year 2022Gross margin25.6%Operating margin16.8%Net margin15.4%Free cash flow margin9.3%Fiscal year 2023Gross margin18.2%Operating margin9.2%Net margin15.5%Free cash flow margin4.5%Fiscal year 2024Gross margin17.9%Operating margin7.2%Net margin7.3%Free cash flow margin3.7%Fiscal year 2025Gross margin18.0%Operating margin4.6%Net margin4.0%Free cash flow margin6.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 22.8% 18.9% 18.8% 16.6% 21.0% 25.3% 25.6% 18.2% 17.9% 18.0%
Operating margin −9.5% −13.9% −1.8% −0.3% 6.3% 12.1% 16.8% 9.2% 7.2% 4.6%
Net margin −9.6% −16.7% −4.5% −3.5% 2.3% 10.3% 15.4% 15.5% 7.3% 4.0%
Free cash flow margin −20.1% −29.6% −0.0% 4.4% 8.8% 9.3% 9.3% 4.5% 3.7% 6.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−0.12Capital expenditure−1.28Free cash flow−1.40Fiscal year 2017Operating cash flow−0.06Capital expenditure−3.42Free cash flow−3.48Fiscal year 2018Operating cash flow2.10Capital expenditure−2.10Free cash flow−0.00Fiscal year 2019Operating cash flow2.41Capital expenditure−1.33Free cash flow1.08Fiscal year 2020Operating cash flow5.94Capital expenditure−3.16Free cash flow2.79 +158.4%Fiscal year 2021Operating cash flow11.50Capital expenditure−6.48Free cash flow5.02 +80.0%Fiscal year 2022Operating cash flow14.72Capital expenditure−7.16Free cash flow7.57 +50.9%Fiscal year 2023Operating cash flow13.26Capital expenditure−8.90Free cash flow4.36 −42.4%Fiscal year 2024Operating cash flow14.92Capital expenditure−11.34Free cash flow3.58 −17.8%Fiscal year 2025Operating cash flow14.75Capital expenditure−8.53Free cash flow6.22 +73.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.12 −0.06 2.10 2.41 5.94 11.50 14.72 13.26 14.92 14.75
Capital expenditure −1.28 −3.42 −2.10 −1.33 −3.16 −6.48 −7.16 −8.90 −11.34 −8.53
Free cash flow −1.40 −3.48 −0.00 1.08 2.79 5.02 7.57 4.36 3.58 6.22
Growth +158.4% +80.0% +50.9% −42.4% −17.8% +73.7%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash3.39Total debt5.89Net cash (debt)−2.50Shareholders’ equity4.75Debt to equity1.24Fiscal year 2017Cash3.37Total debt8.83Net cash (debt)−5.46Shareholders’ equity4.24Debt to equity2.08Fiscal year 2018Cash3.69Total debt8.41Net cash (debt)−4.73Shareholders’ equity4.92Debt to equity1.71Fiscal year 2019Cash6.27Total debt10.40Net cash (debt)−4.13Shareholders’ equity6.62Debt to equity1.57Fiscal year 2020Cash19.38Total debt8.46Net cash (debt)10.92Shareholders’ equity22.23Debt to equity0.38Fiscal year 2021Cash17.58Total debt4.25Net cash (debt)13.32Shareholders’ equity30.19Debt to equity0.14Fiscal year 2022Cash16.25Total debt1.03Net cash (debt)15.22Shareholders’ equity44.70Debt to equity0.02Fiscal year 2023Cash16.40Total debt2.68Net cash (debt)13.72Shareholders’ equity62.63Debt to equity0.04Fiscal year 2024Cash16.14Total debt5.54Net cash (debt)10.60Shareholders’ equity72.91Debt to equity0.08Fiscal year 2025Cash16.51Total debt6.58Net cash (debt)9.93Shareholders’ equity82.14Debt to equity0.08
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 3.39 3.37 3.69 6.27 19.38 17.58 16.25 16.40 16.14 16.51
Total debt 5.89 8.83 8.41 10.40 8.46 4.25 1.03 2.68 5.54 6.58
Net cash (debt) −2.50 −5.46 −4.73 −4.13 10.92 13.32 15.22 13.72 10.60 9.93
Shareholders’ equity 4.75 4.24 4.92 6.62 22.23 30.19 44.70 62.63 72.91 82.14
Debt to equity 1.24 2.08 1.71 1.57 0.38 0.14 0.02 0.04 0.08 0.08

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018† 31 Dec 2018 FY2019 31 Dec 2019 FY2020† 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
7.00 11.76 21.46 24.58 31.54 53.82 81.46 96.77 97.69 94.83
Growth +68.0% +82.5% +14.5% +28.3% +70.7% +51.4% +18.8% +0.9% −2.9%
5.40 9.54 17.42 20.51 24.91 40.22 60.61 79.11 80.24 77.73
1.60 2.22 4.04 4.07 6.63 13.61 20.85 17.66 17.45 17.09
Growth +39.0% +81.8% +0.7% +62.9% +105.2% +53.3% −15.3% −1.2% −2.0%
0.83 1.38 1.46 1.34 1.49 2.59 3.08 3.97 4.54 6.41
1.43 2.48 2.84 2.65 3.15 4.52 3.95 4.80 5.15 5.83
−0.67 −1.63 −0.39 −0.07 1.99 6.52 13.66 8.89 7.08 4.36
Growth +227.1% +109.4% −34.9% −20.4% −38.5%
−0.75 −2.21 −1.01 −0.67 1.15 6.34 13.72 9.97 8.99 5.28
0.03 0.03 0.06 0.11 0.29 0.70 1.13 −5.00 1.84 1.42
−0.67 −1.96 −0.98 −0.86 0.72 5.52 12.56 15.00 7.09 3.79
Growth +665.5% +127.5% +19.4% −52.7% −46.5%
Per share
−4.68 −11.83 −1.14 −0.98 0.25 1.87 4.02 4.73 2.23 1.18
−4.68 −11.83 −1.14 −0.98 0.21 1.63 3.62 4.30 2.04 1.08
Growth +676.2% +122.1% +18.8% −52.6% −47.1%
144.2 166.0 853.0 887.0 2,798 2,959 3,130 3,174 3,197 3,225
144.2 166.0 853.0 887.0 3,249 3,386 3,475 3,485 3,498 3,528
Growth +15.1% +413.9% +4.0% +266.3% +4.2% +2.6% +0.3% +0.4% +0.9%

† The diluted share count jumps at 2018 and 2020, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 24.6% a year over five years.
  • Operating margin is down 1.7 points on five years ago, at 4.6%.
  • A net loss in 4 of 10 years on file.