TSLA (Tesla, Inc.) Stock Financials & Earnings

Company Info & Key Metrics

Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It operates in two segment...

CEOElon R. Musk

Country🇺🇸 United States

ExchangeNASDAQ

IPOJun 29, 2010

www.tesla.com

Revenue$24.9B

YoY Growth-3.1%

QoQ Growth-11.4%

Net Income$840M

EPS$0.24

Free Cash Flow$1.4B

Gross Margin20.1%

Op. Margin5.7%

Net Margin3.4%

FCF Margin5.7%

Rev Multiple (TTM)16.0x

P/E Ratio (TTM)398.8x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$23.3B	$4.5B	$2.7B
Q2 23	$24.9B	$4.5B	$2.4B
Q3 23	$23.4B	$4.2B	$1.8B
Q4 23	$25.2B	$4.4B	$2.1B
Q1 24	$21.3B	$3.7B	$1.2B
Q2 24	$25.5B	$4.6B	$1.6B
Q3 24	$25.2B	$5.0B	$2.7B
Q4 24	$25.7B	$4.2B	$1.6B
Q1 25	$19.3B	$3.2B	$399M
Q2 25	$22.5B	$3.9B	$923M
Q3 25	$28.1B	$5.1B	$1.6B
Q4 25	$24.9B	$5.0B	$1.4B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	17.6x	128.5x
Q2 23	16.1x	123.8x
Q3 23	15.8x	140.3x
Q4 23	15.6x	100.9x
Q1 24	16.0x	109.0x
Q2 24	15.9x	120.3x
Q3 24	15.6x	117.4x
Q4 24	15.5x	208.1x
Q1 25	15.8x	240.6x
Q2 25	16.3x	249.6x
Q3 25	15.8x	287.2x
Q4 25	16.0x	398.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$2.5B	$440M
Q2 23	$3.1B	$1.0B
Q3 23	$3.3B	$849M
Q4 23	$4.4B	$2.1B
Q1 24	$242M	-$2.5B
Q2 24	$3.6B	$1.3B
Q3 24	$6.3B	$2.7B
Q4 24	$4.8B	$2.0B
Q1 25	$2.2B	$664M
Q2 25	$2.5B	$146M
Q3 25	$6.2B	$4.0B
Q4 25	$3.8B	$1.4B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$2.1B
Q2 23	$2.1B
Q3 23	$2.5B
Q4 23	$2.3B
Q1 24	$2.8B
Q2 24	$2.3B
Q3 24	$3.5B
Q4 24	$2.8B
Q1 25	$1.5B
Q2 25	$2.4B
Q3 25	$2.2B
Q4 25	$2.4B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+24.4%	+36.4%
Q2 23	+47.2%	+55.7%
Q3 23	+8.8%	+21.5%
Q4 23	+3.5%	+13.2%
Q1 24	-8.7%	-2.6%
Q2 24	+2.3%	+6.1%
Q3 24	+7.8%	+4.1%
Q4 24	+2.1%	+4.4%
Q1 25	-9.2%	-5.9%
Q2 25	-11.8%	-9.7%
Q3 25	+11.6%	+17.8%
Q4 25	-3.1%	-2.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$418M	1.8%
Q2 23	$445M	1.8%
Q3 23	$465M	2.0%
Q4 23	$484M	1.9%
Q1 24	$524M	2.5%
Q2 24	$439M	1.7%
Q3 24	$457M	1.8%
Q4 24	$579M	2.3%
Q1 25	$573M	3.0%
Q2 25	$635M	2.8%
Q3 25	$663M	2.4%
Q4 25	$954M	3.8%

OpEx Breakdown

Quarter	R&D	G&A
Q1 23	$771M	$1.1B
Q2 23	$943M	$1.2B
Q3 23	$1.2B	$1.3B
Q4 23	$1.1B	$1.3B
Q1 24	$1.2B	$1.4B
Q2 24	$1.1B	$1.3B
Q3 24	$1.0B	$1.2B
Q4 24	$1.3B	$1.3B
Q1 25	$1.4B	$1.3B
Q2 25	$1.6B	$1.4B
Q3 25	$1.6B	$1.6B
Q4 25	$1.8B	$1.7B

Revenue Segments

Quarter	Automotive	Energy Generation And Storage Segment	Services And Other
Q1 23	$20.0B	$1.5B	$1.8B
Q2 23	$21.3B	$1.5B	$2.1B
Q3 23	$19.6B	$1.6B	$2.2B
Q4 23	$21.6B	$1.4B	$2.2B
Q1 24	$17.4B	$1.6B	$2.3B
Q2 24	$19.9B	$3.0B	$2.6B
Q3 24	$20.0B	$2.4B	$2.8B
Q4 24	$19.8B	$3.1B	$2.8B
Q1 25	$14.0B	$2.7B	$2.6B
Q2 25	$16.7B	$2.8B	$3.0B
Q3 25	$21.2B	$3.4B	$3.5B
Q4 25	$17.7B	$3.8B	$3.4B

Revenue by Geography

Quarter	China	Other Countries	United States
Q1 23	$4.9B	$7.2B	$11.2B
Q2 23	$5.7B	$7.9B	$11.3B
Q3 23	$5.0B	$7.4B	$10.9B
Q4 23	$6.1B	$7.3B	$11.8B
Q1 24	$4.6B	$6.9B	$9.8B
Q2 24	$4.6B	$7.6B	$13.3B
Q3 24	$5.7B	$6.9B	$12.6B
Q4 24	$6.1B	$7.5B	$12.1B
Q1 25	$4.3B	$4.7B	$10.3B
Q2 25	$4.3B	$6.4B	$11.8B
Q3 25	$5.7B	$7.8B	$14.6B
Q4 25	$6.7B	$7.3B	$10.9B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$16.0B	$6.4B	$22.4B
Q2 23	$15.3B	$7.8B	$23.1B
Q3 23	$15.9B	$10.1B	$26.1B
Q4 23	$16.4B	$12.7B	$29.1B
Q1 24	$11.8B	$15.1B	$26.9B
Q2 24	$14.6B	$16.1B	$30.7B
Q3 24	$18.1B	$15.5B	$33.6B
Q4 24	$16.1B	$20.4B	$36.6B
Q1 25	$16.4B	$20.6B	$37.0B
Q2 25	$15.6B	$21.2B	$36.8B
Q3 25	$18.9B	$23.4B	$42.2B
Q4 25	$16.5B	$27.5B	$44.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	3.47B	-0.2%
Q2 23	3.48B	+0.3%
Q3 23	3.49B	+0.4%
Q4 23	3.49B	-0.0%
Q1 24	3.48B	-0.2%
Q2 24	3.48B	-0.1%
Q3 24	3.50B	+0.5%
Q4 24	3.52B	+0.6%
Q1 25	3.52B	+0.1%
Q2 25	3.52B	-0.1%
Q3 25	3.53B	+0.2%
Q4 25	3.54B	+0.4%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$315K	10K
FY 15	$310K	13K
FY 16	$394K	18K
FY 17	$313K	38K
FY 18	$440K	49K
FY 19	$512K	48K
FY 20	$446K	71K
FY 21	$542K	99K
FY 22	$637K	128K
FY 23	$689K	140K
FY 24	$777K	126K
FY 25	$704K	135K