TSLA
SP100NasdaqGSTesla, Inc.
Consumer Cyclical · Auto Manufacturers · United States
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage. The company offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty maintenance services and collision, automotive insurance services, as well as part sales and retail merchandise sale. It also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; purchase financing and leasing services; services for electric vehicles through its company-owned service locations and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. In addition, the company engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners. Further, it provides services and repairs to its energy product customers, including under warranty and extended service plans; and various financing options to its residential customers; lithium-ion battery energy storage products, such as Powerwall and Megapack; energy generation products, including solar panels and solar roof; self-driving development and artificial intelligence software, vehicle control and infotainment software, and battery and powertrain. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.
www.tesla.com ↗Shares trade at a premium 357.7× trailing earnings, easing to 154.5× on forward estimates. Profitability shows a net margin of 3.9% and return on equity of 4.9%. Leverage is modest at -2.6× net debt/EBITDA. Revenue grew 15.8% year-on-year. The mean analyst target of USD423.40 sits 7.6% above the current price (Buy, 41 analysts).
business model
Tesla designs, manufactures and sells battery electric vehicles and energy generation and storage systems, and increasingly monetizes software (Autopilot/Full Self-Driving), services and charging. It sells vehicles primarily direct-to-consumer rather than through franchised dealers.
revenue segments
Two reported segments: Automotive (vehicle sales, leasing, regulatory credits, and connectivity/FSD software) which is the large majority of revenue, and Energy Generation and Storage (Megapack, Powerwall, solar). Services and other (used cars, supercharging, parts) is a smaller line.
key dependencies
Depends on battery cell and raw material supply (lithium, nickel), gigafactory manufacturing scale and yields, EV demand and pricing, government incentives and regulatory credits, semiconductor supply, and progress on autonomy software. Also sensitive to CEO attention and key-person dynamics.
competitors
Faces legacy automakers (Volkswagen, GM, Ford, Hyundai-Kia, Toyota, BMW), Chinese EV makers (BYD, others), and EV-focused entrants (Rivian, Lucid) in vehicles; in energy storage it competes with LG, CATL, Fluence and others.
moat
Vertical integration and manufacturing scale, a proprietary Supercharger network now adopted by other automakers, battery and software capabilities, strong brand, and a large real-world fleet-data advantage for autonomy development.
risks
Intensifying EV competition and price wars pressuring margins, dependence on regulatory credits, execution risk on FSD/robotaxi and Optimus ambitions, demand cyclicality, reliance on incentives, valuation tied to future optionality, and key-person/governance risk.
Financials & metrics
as of 28 Aug 2026Price is closer to the low end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
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Full financial statements
Income statement
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | $94.83B | $97.69B | $96.77B | $81.46B | — |
| Cost of revenue | $77.73B | $80.24B | $79.11B | $60.61B | — |
| Gross profit | $17.09B | $17.45B | $17.66B | $20.85B | — |
| Operating expense | $12.24B | $9.69B | $8.77B | $7.02B | — |
| R&D | $6.41B | $4.54B | $3.97B | $3.08B | — |
| Operating income | $4.85B | $7.76B | $8.89B | $13.83B | — |
| Interest expense | $338.00M | $350.00M | $156.00M | $191.00M | — |
| Pretax income | $5.28B | $8.99B | $9.97B | $13.72B | — |
| Tax provision | $1.42B | $1.84B | -$5.00B | $1.13B | — |
| Net income | $3.79B | $7.13B | $15.00B | $12.58B | — |
| EBITDA | $11.76B | $14.71B | $14.80B | $17.66B | — |
| Diluted EPS | $1.08 | $2.04 | $4.31 | $3.62 | — |
Balance sheet
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | $137.81B | $122.07B | $106.62B | $82.34B | — |
| Current assets | $68.64B | $58.36B | $49.62B | $40.92B | — |
| Cash & equivalents | $16.51B | $16.14B | $16.40B | $16.25B | — |
| Inventory | $12.39B | $12.02B | $13.63B | $12.84B | — |
| Total liabilities | $54.94B | $48.39B | $43.01B | $36.44B | — |
| Current liabilities | $31.71B | $28.82B | $28.75B | $26.71B | — |
| Total debt | $14.72B | $13.62B | $9.57B | $5.75B | — |
| Long-term debt | $6.58B | $5.54B | $2.68B | $1.03B | — |
| Shareholders' equity | $82.14B | $72.91B | $62.63B | $44.70B | — |
| Retained earnings | $39.00B | $35.21B | $27.88B | $12.88B | — |
| Working capital | $36.93B | $29.54B | $20.87B | $14.21B | — |
Cash flow
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $14.75B | $14.92B | $13.26B | $14.72B | — |
| Investing cash flow | -$15.48B | -$18.79B | -$15.58B | -$11.97B | — |
| Financing cash flow | $1.14B | $3.85B | $2.59B | -$3.53B | — |
| Capital expenditure | -$8.53B | -$11.34B | -$8.90B | -$7.17B | — |
| Free cash flow | $6.22B | $3.58B | $4.36B | $7.55B | — |
| End cash position | $17.62B | $17.04B | $17.19B | $16.92B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
This company does not currently pay a dividend.
Analyst assessment
as of 28 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 27 Aug 2026News
Sector peers
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