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Tesla (TSLA) Financials

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$348.71 +26.55 (+8.24%)
Closing price 04:00 PM Eastern
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$348.86 +0.15 (+0.04%)
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Annual Income Statements for Tesla

Annual Income Statements for Tesla

This table shows Tesla's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -889 -675 -1,962 -976 -870 721 5,519 12,556 14,997 7,091
Consolidated Net Income / (Loss)		 -889 -773 -2,241 -1,063 -775 862 5,644 12,587 14,974 7,153
Net Income / (Loss) Continuing Operations		 -889 -773 -2,241 -1,063 -775 862 5,644 12,587 14,974 7,153
Total Pre-Tax Income 		-876 -746 -2,209 -1,005 -665 1,154 6,343 13,719 9,973 8,990
Total Operating Income		 -717 -667 -1,632 -388 -69 1,994 6,523 13,656 8,891 7,076
Total Gross Profit		 924 1,599 2,223 4,042 4,069 6,630 13,606 20,853 17,660 17,450
Total Revenue		 4,046 7,000 11,759 21,461 24,578 31,536 53,823 81,462 96,773 97,690
Operating Revenue		 4,046 7,000 11,759 21,461 24,578 31,536 53,823 81,462 96,773 97,690
Total Cost of Revenue		 3,123 5,401 9,536 17,419 20,509 24,906 40,217 60,609 79,113 80,240
Operating Cost of Revenue		 3,123 5,401 9,536 17,419 20,509 24,906 40,217 60,609 79,113 80,240
Total Operating Expenses		 1,640 2,267 3,855 4,430 4,138 4,636 7,083 7,197 8,769 10,374
Selling, General & Admin Expense		 922 1,432 2,477 2,835 2,646 3,145 4,517 3,946 4,800 5,150
Research & Development Expense		 718 834 1,378 1,460 1,343 1,491 2,593 3,075 3,969 4,540
Restructuring Charge		 - 0.00 0.00 135 149 0.00 -27 176 0.00 684
Total Other Income / (Expense), net		 -159 -79 -577 -617 -596 -840 -180 63 1,082 1,914
Interest Expense		 119 199 471 663 685 748 371 191 156 350
Interest & Investment Income		 1.51 8.53 19 24 44 30 56 297 1,066 1,569
Other Income / (Expense), net		 -42 111 -125 22 45 -122 135 -43 172 695
Income Tax Expense		 13 27 32 58 110 292 699 1,132 -5,001 1,837
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 -98 -279 -87 95 141 125 31 -23 62
Basic Earnings per Share		 ($6.93) ($4.68) ($11.83) ($1.14) ($0.98) $0.25 $1.87 $4.02 $4.73 $2.23
Weighted Average Basic Shares Outstanding		 128.20M 144.21M 166M 853M 887M 2.80B 2.96B 3.13B 3.17B 3.20B
Diluted Earnings per Share		 ($6.93) ($4.68) ($11.83) ($1.14) ($0.98) $0.21 $1.63 $3.62 $4.30 $2.04
Weighted Average Diluted Shares Outstanding		 128.20M 144.21M 166M 853M 887M 3.25B 3.39B 3.48B 3.49B 3.50B
Weighted Average Basic & Diluted Shares Outstanding		 128.20M 161.67M 165.80M 170.60M 181.34M 959.85M 1.03B 3.16B 3.18B 3.22B

Quarterly Income Statements for Tesla

This table shows Tesla's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 3,292 3,687 2,513 2,703 1,853 7,928 1,129 1,478 2,167 2,317 409
Consolidated Net Income / (Loss)		 3,331 3,707 2,539 2,614 1,878 7,943 1,144 1,494 2,183 2,332 420
Net Income / (Loss) Continuing Operations		 3,331 3,707 2,539 2,614 1,878 7,943 1,144 1,494 2,183 2,332 420
Total Pre-Tax Income 		3,636 3,983 2,800 2,937 2,045 2,191 1,553 1,887 2,784 2,766 589
Total Operating Income		 3,688 3,901 2,664 2,399 1,764 2,064 1,171 1,605 2,717 1,583 399
Total Gross Profit		 5,382 5,777 4,511 4,533 4,178 4,438 3,696 4,578 4,997 4,179 3,153
Total Revenue		 21,454 24,318 23,329 24,927 23,350 25,167 21,301 25,500 25,182 25,707 19,335
Operating Revenue		 21,454 24,318 23,329 24,927 23,350 25,167 21,301 25,500 25,182 25,707 19,335
Total Cost of Revenue		 16,072 18,541 18,818 20,394 19,172 20,729 17,605 20,922 20,185 21,528 16,182
Operating Cost of Revenue		 16,072 18,541 18,818 20,394 19,172 20,729 17,605 20,922 20,185 21,528 16,182
Total Operating Expenses		 1,694 1,876 1,847 2,134 2,414 2,374 2,525 2,973 2,280 2,596 2,754
Selling, General & Admin Expense		 961 1,032 1,076 1,191 1,253 1,280 1,374 1,277 1,186 1,313 1,251
Research & Development Expense		 733 810 771 943 1,161 1,094 1,151 1,074 1,039 1,276 1,409
Restructuring Charge		 0.00 - - 0.00 0.00 - - 622 55 - 94
Total Other Income / (Expense), net		 -52 82 136 538 281 127 382 282 67 1,183 190
Interest Expense		 53 33 29 28 38 61 76 86 92 96 91
Interest & Investment Income		 86 157 213 238 282 333 350 348 429 442 400
Other Income / (Expense), net		 -85 -42 -48 328 37 -145 108 20 -270 837 -119
Income Tax Expense		 305 276 261 323 167 -5,752 409 393 601 434 169
Net Income / (Loss) Attributable to Noncontrolling Interest		 39 20 26 -89 25 15 15 16 16 15 11
Basic Earnings per Share		 $1.05 $1.18 $0.80 $0.85 $0.58 $2.50 $0.37 $0.46 $0.68 $0.72 $0.13
Weighted Average Basic Shares Outstanding		 3.15B 3.13B 3.17B 3.17B 3.18B 3.17B 3.19B 3.19B 3.20B 3.20B 3.22B
Diluted Earnings per Share		 $0.95 $1.18 $0.73 $0.78 $0.53 $2.50 $0.34 $0.42 $0.62 $0.66 $0.12
Weighted Average Diluted Shares Outstanding		 3.47B 3.48B 3.47B 3.48B 3.49B 3.49B 3.48B 3.48B 3.50B 3.50B 3.52B
Weighted Average Basic & Diluted Shares Outstanding		 3.16B 3.16B 3.17B 3.17B 3.18B 3.18B 3.19B 3.19B 3.21B 3.22B 3.22B

Annual Cash Flow Statements for Tesla

This table details how cash moves in and out of Tesla's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -709 2,533 198 312 2,506 13,118 -1,757 -1,220 265 -152
Net Cash From Operating Activities		 -524 -124 -61 2,098 2,405 5,943 11,497 14,724 13,256 14,923
Net Cash From Continuing Operating Activities		 -524 -124 -61 2,098 2,501 5,943 11,497 14,724 13,256 14,923
Net Income / (Loss) Continuing Operations		 -889 -773 -2,241 -1,063 -775 862 5,644 12,587 14,974 7,153
Consolidated Net Income / (Loss)		 -889 -773 -2,241 -1,063 -775 862 5,644 12,587 14,974 7,153
Depreciation Expense		 423 947 1,636 1,901 2,154 2,322 2,911 3,747 4,667 5,368
Non-Cash Adjustments To Reconcile Net Income		 357 301 950 1,043 1,375 2,575 2,424 2,298 2,212 1,844
Changes in Operating Assets and Liabilities, net		 -493 -694 -497 58 -349 184 518 -3,908 -8,597 558
Net Cash From Investing Activities		 -1,674 -1,081 -4,196 -2,337 -1,436 -3,132 -7,868 -11,973 -15,584 -18,787
Net Cash From Continuing Investing Activities		 -1,674 -1,081 -4,196 -2,337 -1,431 -3,132 -7,868 -11,973 -15,584 -18,787
Purchase of Property, Plant & Equipment		 -1,635 -1,281 -4,081 -2,319 -1,437 -3,232 -6,514 -7,163 -8,899 -11,342
Acquisitions		 -12 343 -115 -18 -45 -13 0.00 0.00 -64 0.00
Purchase of Investments		 - - - - 0.00 0.00 -132 -5,835 -19,112 -35,955
Sale and/or Maturity of Investments		 0.00 17 - - 0.00 0.00 0.00 22 12,491 28,510
Other Investing Activities, net		 -26 -160 0.00 0.00 46 113 -1,222 1,003 0.00 0.00
Net Cash From Financing Activities		 1,524 3,744 4,415 574 1,529 9,973 -5,203 -3,527 2,589 3,853
Net Cash From Continuing Financing Activities		 1,524 3,744 4,415 574 1,529 9,973 -5,203 -3,527 2,589 3,853
Repayment of Debt		 -221 -1,155 -3,713 -5,921 -9,587 -12,207 -14,185 -3,364 -1,380 -2,514
Payment of Dividends		 0.00 -21 -262 -227 -311 -208 -161 -157 -144 -104
Issuance of Debt		 888 2,853 7,138 6,176 10,669 9,713 8,883 0.00 3,931 5,744
Issuance of Common Equity		 857 2,067 1,502 733 1,564 12,710 709 541 700 1,241
Other Financing Activities, net		 0.00 0.00 -20 -187 -806 -35 -449 -547 -518 -514
Effect of Exchange Rate Changes		 -34 -6.55 40 -23 8.00 334 -183 -444 4.00 -141
Cash Interest Paid		 32 39 183 381 455 444 266 152 126 277
Cash Income Taxes Paid		 9.46 16 66 35 54 115 561 1,203 1,119 1,331

Quarterly Cash Flow Statements for Tesla

This table details how cash moves in and out of Tesla's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 1,262 -3,225 -154 -891 711 599 -4,725 2,890 3,620 -1,937 213
Net Cash From Operating Activities		 5,100 3,278 2,513 3,065 3,308 4,370 242 3,612 6,255 4,814 2,156
Net Cash From Continuing Operating Activities		 5,100 3,278 2,513 3,065 3,308 4,370 242 3,612 6,255 4,814 2,156
Net Income / (Loss) Continuing Operations		 3,331 3,707 2,539 2,614 1,878 7,943 1,144 1,494 2,183 2,332 420
Consolidated Net Income / (Loss)		 3,331 3,707 2,539 2,614 1,878 7,943 1,144 1,494 2,183 2,332 420
Depreciation Expense		 956 989 1,046 1,154 1,235 1,232 1,246 1,278 1,348 1,496 1,447
Non-Cash Adjustments To Reconcile Net Income		 582 773 458 398 610 746 524 558 865 -103 886
Changes in Operating Assets and Liabilities, net		 231 -2,191 -1,530 -1,101 -415 -5,551 -2,672 282 1,859 1,089 -597
Net Cash From Investing Activities		 -2,791 -6,131 -2,484 -3,534 -4,762 -4,804 -5,084 -3,225 -2,875 -7,603 -1,651
Net Cash From Continuing Investing Activities		 -2,791 -6,131 -2,484 -3,534 -4,762 -4,804 -5,084 -3,225 -2,875 -7,603 -1,651
Purchase of Property, Plant & Equipment		 -1,803 -1,858 -2,073 -2,060 -2,459 -2,307 -2,777 -2,272 -3,513 -2,780 -1,492
Purchase of Investments		 -991 -4,368 -2,015 -5,075 -6,131 -5,891 -6,622 -8,143 -6,032 -15,158 -6,015
Sale and/or Maturity of Investments		 3.00 19 1,604 3,677 3,816 3,394 4,315 7,190 6,670 10,335 5,856
Net Cash From Financing Activities		 -712 -495 -233 -328 2,263 887 196 2,540 132 985 -332
Net Cash From Continuing Financing Activities		 -712 -495 -233 -328 2,263 887 196 2,540 132 985 -332
Repayment of Debt		 -530 -364 -315 -241 -354 -470 -594 -633 -562 -725 -1,349
Payment of Dividends		 -42 -39 -36 -31 -38 -39 -30 -20 -26 -28 -22
Issuance of Debt		 - - 0.00 - 2,526 1,405 776 3,119 465 1,384 625
Issuance of Common Equity		 229 67 231 63 254 152 251 197 340 453 313
Other Financing Activities, net		 -369 -159 -113 -119 -125 -161 -207 -123 -85 -99 101
Effect of Exchange Rate Changes		 - 123 50 -94 -98 146 -79 -37 108 -133 40

Annual Balance Sheets for Tesla

This table presents Tesla's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 8,068 22,664 28,655 29,740 34,309 52,148 62,131 82,338 106,618 122,070
Total Current Assets		 2,782 6,260 6,571 8,307 12,103 26,717 27,100 40,917 49,616 58,360
Cash & Equivalents		 1,197 3,393 3,368 3,686 6,268 19,384 17,576 16,253 16,398 16,139
Short-Term Investments		 - - - - - 0.00 131 5,932 12,696 20,424
Accounts Receivable		 169 499 515 949 1,324 1,886 1,913 2,952 3,508 4,418
Inventories, net		 1,278 2,067 2,264 3,113 3,552 4,101 5,757 12,839 13,626 12,017
Prepaid Expenses		 116 194 268 366 959 1,346 1,723 2,941 3,388 5,362
Plant, Property, & Equipment, net		 5,195 5,983 10,028 11,330 10,396 12,747 18,884 23,548 29,725 35,836
Total Noncurrent Assets		 91 10,421 12,057 10,103 11,810 12,684 16,147 17,873 27,277 27,874
Noncurrent Note & Lease Receivables		 0.00 9,560 10,921 8,783 - - - 10,524 11,218 10,505
Goodwill		 - 0.00 60 68 198 207 200 194 253 244
Intangible Assets		 13 376 362 282 339 313 257 215 178 150
Noncurrent Deferred & Refundable Income Taxes		 - - - - - - - 328 6,733 6,524
Other Noncurrent Operating Assets		 47 217 273 970 11,273 12,164 15,690 6,612 8,895 10,451
Total Liabilities & Shareholders' Equity		 8,068 22,664 28,655 29,740 34,309 52,148 62,131 82,338 106,618 122,070
Total Liabilities		 6,937 16,750 23,023 23,427 26,199 28,418 30,548 36,440 43,009 48,390
Total Current Liabilities		 2,811 5,827 7,675 9,993 10,667 14,248 19,705 26,709 28,748 28,821
Short-Term Debt		 628 984 797 2,568 1,785 2,132 1,589 1,502 2,373 2,456
Accounts Payable		 916 2,026 2,490 3,405 3,771 6,051 10,025 15,255 14,431 12,474
Accrued Expenses		 423 1,210 1,731 2,094 3,222 3,855 5,719 8,205 9,080 10,723
Current Deferred Revenue		 424 763 1,015 630 1,163 1,458 1,447 1,747 2,864 3,168
Total Noncurrent Liabilities		 4,126 10,913 15,348 13,434 15,532 14,170 10,843 9,731 14,261 19,569
Long-Term Debt		 2,021 5,860 9,418 9,404 11,634 9,556 5,245 1,597 2,857 5,757
Noncurrent Deferred Revenue		 446 852 1,178 991 1,207 1,284 2,052 2,804 3,251 3,317
Other Noncurrent Operating Liabilities		 1,659 4,112 4,752 3,039 2,691 3,330 3,546 5,330 8,153 10,495
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 47 376 398 556 643 655 568 409 242 63
Total Equity & Noncontrolling Interests		 1,084 5,538 5,235 5,757 7,467 23,075 31,015 45,489 63,367 73,617
Total Preferred & Common Equity		 1,084 4,753 4,237 4,923 6,618 22,225 30,189 44,704 62,634 72,913
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,084 4,753 4,237 4,923 6,618 22,225 30,189 44,704 62,634 72,913
Common Stock		 3,410 7,774 9,178 10,249 12,737 27,261 29,806 32,180 34,895 38,374
Retained Earnings		 -2,322 -2,997 -4,974 -5,318 -6,083 -5,399 329 12,885 27,882 35,209
Accumulated Other Comprehensive Income / (Loss)		 -3.56 -24 33 -8.00 -36 363 54 -361 -143 -670
Noncontrolling Interest		 0.00 785 997 834 849 850 826 785 733 704

Quarterly Balance Sheets for Tesla

This table presents Tesla's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 68,513 74,426 82,338 86,833 90,591 93,941 106,618 109,226 112,832 119,852 125,111
Total Current Assets		 31,222 35,990 40,917 42,997 43,875 45,026 49,616 50,535 52,977 56,379 59,389
Cash & Equivalents		 18,324 19,532 16,253 16,048 15,296 15,932 16,398 11,805 14,635 18,111 16,352
Short-Term Investments		 591 1,575 5,932 6,354 7,779 10,145 12,696 15,058 16,085 15,537 20,644
Accounts Receivable		 2,081 2,192 2,952 2,993 3,447 2,520 3,508 3,887 3,737 3,313 3,782
Inventories, net		 8,108 10,327 12,839 14,375 14,356 13,721 13,626 16,033 14,195 14,530 13,706
Prepaid Expenses		 2,118 2,364 2,941 3,227 2,997 2,708 3,388 3,752 4,325 4,888 4,905
Plant, Property, & Equipment, net		 21,093 21,926 23,548 24,969 26,389 27,744 29,725 31,436 32,902 36,116 37,088
Total Noncurrent Assets		 16,198 16,510 17,873 18,867 20,327 21,171 27,277 27,255 26,953 27,357 28,634
Noncurrent Note & Lease Receivables		 - - 10,524 - - 11,412 11,218 10,898 10,643 10,420 10,332
Goodwill		 196 191 194 195 263 250 253 250 249 253 248
Intangible Assets		 241 228 215 204 202 191 178 171 164 158 144
Noncurrent Deferred & Refundable Income Taxes		 - - 328 - - - 6,733 6,769 6,692 6,486 6,687
Other Noncurrent Operating Assets		 15,761 16,091 6,612 18,468 19,862 9,318 8,895 9,167 9,205 10,040 10,272
Other Noncurrent Nonoperating Assets		 - - - - - - - - - - 951
Total Liabilities & Shareholders' Equity		 68,513 74,426 82,338 86,833 90,591 93,941 106,618 109,226 112,832 119,852 125,111
Total Liabilities		 30,855 33,302 36,440 37,598 38,409 39,446 43,009 44,046 45,569 49,142 49,693
Total Current Liabilities		 21,821 24,611 26,709 27,436 27,592 26,640 28,748 29,453 27,729 30,577 29,753
Short-Term Debt		 1,532 1,457 1,502 1,404 1,459 1,967 2,373 2,461 2,264 2,291 2,237
Accounts Payable		 11,212 13,897 15,255 15,904 15,273 13,937 14,431 14,725 13,056 14,654 13,471
Accrued Expenses		 6,037 6,246 8,205 7,321 7,658 7,636 9,080 9,243 9,616 10,601 10,802
Current Deferred Revenue		 1,858 1,928 1,747 1,750 2,176 2,206 2,864 3,024 2,793 3,031 3,243
Total Noncurrent Liabilities		 9,034 8,691 9,731 10,162 10,817 12,806 14,261 14,593 17,840 18,565 19,940
Long-Term Debt		 2,898 2,096 1,597 1,272 872 2,426 2,857 2,899 5,481 5,405 5,292
Noncurrent Deferred Revenue		 2,210 2,265 2,804 2,911 3,021 3,059 3,251 3,214 3,357 3,350 3,610
Other Noncurrent Operating Liabilities		 3,926 4,330 5,330 5,979 6,924 7,321 8,153 8,480 9,002 9,810 11,038
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 421 421 409 407 288 277 242 73 72 70 62
Total Equity & Noncontrolling Interests		 37,237 40,703 45,489 48,828 51,894 54,218 63,367 65,107 67,191 70,640 75,356
Total Preferred & Common Equity		 36,376 39,851 44,704 48,054 51,130 53,466 62,634 64,378 66,468 69,931 74,653
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 36,376 39,851 44,704 48,054 51,130 53,466 62,634 64,378 66,468 69,931 74,653
Common Stock		 30,945 31,595 32,180 32,881 33,439 34,204 34,895 35,766 36,446 37,289 39,459
Retained Earnings		 5,908 9,198 12,885 15,398 18,101 19,954 27,882 29,011 30,489 32,656 35,618
Accumulated Other Comprehensive Income / (Loss)		 -477 -942 -361 -225 -410 -692 -143 -399 -467 -14 -424
Noncontrolling Interest		 861 852 785 774 764 752 733 729 723 709 703

Annual Metrics And Ratios for Tesla

This table displays calculated financial ratios and metrics derived from Tesla's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 26.50% 73.01% 67.98% 82.51% 14.52% 28.31% 70.67% 51.35% 18.80% 0.95%
EBITDA Growth		 -320.60% 288.53% -106.18% 5,746.67% 25.74% 96.90% 128.16% 81.42% -20.91% -4.30%
EBIT Growth		 -310.16% 26.67% -215.97% 79.17% 93.44% 7,900.00% 255.66% 104.46% -33.42% -14.26%
NOPAT Growth		 -283.86% 6.88% -144.55% 76.23% 82.22% 3,183.75% 289.68% 115.87% 6.55% -57.83%
Net Income Growth		 -202.23% 13.01% -189.89% 52.57% 27.09% 211.23% 554.76% 123.02% 18.96% -52.23%
EPS Growth		 -193.64% 32.47% -152.78% 52.57% 27.09% 211.23% 554.76% 122.09% 18.78% -52.56%
Operating Cash Flow Growth		 -814.77% 76.39% 50.74% 3,539.34% 14.63% 147.11% 93.45% 28.07% -9.97% 12.58%
Free Cash Flow Firm Growth		 -33.06% -348.87% 44.03% 28.95% 67.69% 179.32% 57.47% 469.70% -93.52% -89.17%
Invested Capital Growth		 72.65% 259.45% 30.71% 21.24% 5.94% 5.07% 29.16% 29.46% 48.24% 14.05%
Revenue Q/Q Growth		 6.80% 18.05% 9.33% 22.47% 0.65% 11.93% 14.89% 8.81% 0.89% 0.56%
EBITDA Q/Q Growth		 -79.03% 181.83% -109.50% 173.46% -7.08% 8.43% 31.50% 8.22% -11.00% 6.18%
EBIT Q/Q Growth		 -36.33% 19.19% -39.10% 73.96% -156.91% 17.96% 44.87% 9.47% -17.63% 6.89%
NOPAT Q/Q Growth		 -34.92% -0.96% -25.48% 72.29% -406.09% 13.90% 47.04% 11.67% 36.34% -50.88%
Net Income Q/Q Growth		 -31.48% 11.55% -32.66% 48.01% -11.24% 23.50% 56.91% 12.15% 39.45% -43.96%
EPS Q/Q Growth		 -30.51% 28.66% -40.67% 48.01% -11.24% 23.50% 56.91% 1.69% 26.84% -48.61%
Operating Cash Flow Q/Q Growth		 9.73% -142.04% 94.01% 52.85% 8.58% 36.65% 15.77% -8.15% 8.98% 3.07%
Free Cash Flow Firm Q/Q Growth		 15.75% -4,806.76% 63.30% 9.25% 21.89% 610.80% 1,071.72% -21.65% -24.36% 109.31%
Invested Capital Q/Q Growth		 0.50% 313.77% -1.04% 2.12% 0.05% -4.00% 0.76% 13.75% 21.13% 1.28%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 22.82% 22.85% 18.90% 18.83% 16.56% 21.02% 25.28% 25.60% 18.25% 17.86%
EBITDA Margin		 -6.37% 6.94% -0.26% 7.89% 8.67% 13.30% 17.78% 21.31% 14.19% 13.45%
Operating Margin		 -17.71% -9.53% -13.88% -1.81% -0.28% 6.32% 12.12% 16.76% 9.19% 7.24%
EBIT Margin		 -18.74% -7.94% -14.94% -1.71% -0.10% 5.94% 12.37% 16.71% 9.37% 7.95%
Profit (Net Income) Margin		 -21.96% -11.04% -19.06% -4.95% -3.15% 2.73% 10.49% 15.45% 15.47% 7.32%
Tax Burden Percent		 101.49% 103.58% 101.45% 105.77% 116.54% 74.70% 88.98% 91.75% 150.15% 79.57%
Interest Burden Percent		 115.47% 134.22% 125.73% 274.59% 2,770.83% 61.65% 95.27% 100.78% 110.04% 115.69%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 25.30% 11.02% 8.25% -50.15% 20.43%
Return on Invested Capital (ROIC)		 -25.12% -8.04% -10.89% -2.07% -0.33% 9.52% 31.59% 52.73% 40.11% 13.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 -66.02% -21.42% -34.20% -13.10% -9.86% 239.78% 33.32% 52.34% 32.55% 7.40%
Return on Net Nonoperating Assets (RNNOA)		 -59.48% -13.91% -27.92% -15.73% -10.42% -4.10% -11.18% -20.24% -12.77% -2.82%
Return on Equity (ROE)		 -84.60% -21.95% -38.82% -17.80% -10.75% 5.41% 20.41% 32.49% 27.35% 10.42%
Cash Return on Invested Capital (CROIC)		 -78.42% -120.98% -37.52% -21.27% -6.09% 4.58% 6.14% 27.05% 1.25% 0.11%
Operating Return on Assets (OROA)		 -10.91% -3.62% -6.85% -1.25% -0.07% 4.33% 11.65% 18.85% 9.59% 6.80%
Return on Assets (ROA)		 -12.79% -5.03% -8.73% -3.64% -2.42% 1.99% 9.88% 17.43% 15.85% 6.26%
Return on Common Equity (ROCE)		 -80.35% -18.18% -30.22% -13.65% -8.60% 4.90% 19.34% 31.41% 26.81% 10.29%
Return on Equity Simple (ROE_SIMPLE)		 -82.00% -16.26% -52.89% -21.59% -11.71% 3.88% 18.70% 28.16% 23.91% 9.81%
Net Operating Profit after Tax (NOPAT)		 -502 -467 -1,142 -272 -48 1,489 5,804 12,529 13,349 5,630
NOPAT Margin		 -12.40% -6.67% -9.72% -1.27% -0.20% 4.72% 10.78% 15.38% 13.79% 5.76%
Net Nonoperating Expense Percent (NNEP)		 40.89% 13.37% 23.31% 11.04% 9.53% -230.26% -1.73% 0.39% 7.57% 5.83%
Return On Investment Capital (ROIC_SIMPLE)		 -13.44% -3.77% -7.39% -1.53% -0.23% 4.28% 15.34% 25.79% 19.46% 6.88%
Cost of Revenue to Revenue		 77.18% 77.15% 81.10% 81.17% 83.44% 78.98% 74.72% 74.40% 81.75% 82.14%
SG&A Expenses to Revenue		 22.79% 20.46% 21.06% 13.21% 10.77% 9.97% 8.39% 4.84% 4.96% 5.27%
R&D to Revenue		 17.74% 11.92% 11.72% 6.80% 5.46% 4.73% 4.82% 3.77% 4.10% 4.65%
Operating Expenses to Revenue		 40.54% 32.38% 32.78% 20.64% 16.84% 14.70% 13.16% 8.83% 9.06% 10.62%
Earnings before Interest and Taxes (EBIT)		 -758 -556 -1,757 -366 -24 1,872 6,658 13,613 9,063 7,771
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -258 486 -30 1,694 2,130 4,194 9,569 17,360 13,730 13,139
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 29.00 6.74 12.35 11.61 11.39 30.10 35.15 8.70 12.61 17.78
Price to Tangible Book Value (P/TBV)		 29.35 7.32 13.71 12.50 12.40 30.82 35.70 8.78 12.70 17.88
Price to Revenue (P/Rev)		 7.77 4.58 4.45 2.66 3.07 21.21 19.72 4.77 8.16 13.27
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 927.75 192.30 30.98 52.67 182.82
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.11% 0.52% 3.23% 1.90% 0.55%
Enterprise Value to Invested Capital (EV/IC)		 13.01 4.02 5.08 4.63 5.51 41.33 50.79 13.84 19.30 27.99
Enterprise Value to Revenue (EV/Rev)		 8.13 5.22 5.14 3.11 3.42 21.01 19.54 4.56 7.93 12.99
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 75.22 0.00 39.34 39.46 158.01 109.92 21.38 55.86 96.57
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 354.01 157.98 27.26 84.63 163.27
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 444.94 181.22 29.62 57.46 225.35
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 31.76 34.95 111.51 91.49 25.20 57.86 85.02
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 924.99 932.32 57.74 1,841.88 28,130.30
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 2.34 1.16 1.81 1.90 1.65 0.49 0.22 0.07 0.08 0.11
Long-Term Debt to Equity		 1.79 0.99 1.67 1.49 1.43 0.40 0.17 0.03 0.04 0.08
Financial Leverage		 0.90 0.65 0.82 1.20 1.06 -0.02 -0.34 -0.39 -0.39 -0.38
Leverage Ratio		 6.62 4.36 4.44 4.89 4.44 2.72 2.07 1.86 1.73 1.67
Compound Leverage Factor		 7.64 5.86 5.59 13.42 123.05 1.67 1.97 1.88 1.90 1.93
Debt to Total Capital		 70.08% 53.65% 64.46% 65.47% 62.33% 33.00% 17.79% 6.32% 7.60% 10.03%
Short-Term Debt to Total Capital		 16.61% 7.71% 5.03% 14.04% 8.29% 6.02% 4.14% 3.07% 3.45% 3.00%
Long-Term Debt to Total Capital		 53.47% 45.93% 59.43% 51.43% 54.04% 26.98% 13.65% 3.26% 4.15% 7.03%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.25% 9.10% 8.80% 7.60% 6.93% 4.25% 3.63% 2.44% 1.42% 0.94%
Common Equity to Total Capital		 28.67% 37.25% 26.74% 26.92% 30.74% 62.75% 78.58% 91.24% 90.99% 89.03%
Debt to EBITDA		 -10.28 14.09 -340.50 7.07 6.30 2.79 0.71 0.18 0.38 0.63
Net Debt to EBITDA		 -5.55 6.89 -223.05 4.78 3.36 -1.84 -1.14 -1.10 -1.74 -2.16
Long-Term Debt to EBITDA		 -7.84 12.06 -313.94 5.55 5.46 2.28 0.55 0.09 0.21 0.44
Debt to NOPAT		 -5.28 -14.65 -8.94 -44.08 -277.83 7.85 1.18 0.25 0.39 1.46
Net Debt to NOPAT		 -2.85 -7.16 -5.86 -29.80 -148.05 -5.17 -1.87 -1.52 -1.79 -5.04
Long-Term Debt to NOPAT		 -4.03 -12.54 -8.24 -34.62 -240.87 6.42 0.90 0.13 0.21 1.02
Altman Z-Score		 2.50 1.21 1.28 1.83 2.24 14.99 22.22 8.37 12.81 17.78
Noncontrolling Interest Sharing Ratio		 5.02% 17.15% 22.14% 23.32% 19.98% 9.41% 5.24% 3.34% 1.98% 1.27%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 0.99 1.07 0.86 0.83 1.13 1.88 1.38 1.53 1.73 2.02
Quick Ratio		 0.49 0.67 0.51 0.46 0.71 1.49 1.00 0.94 1.13 1.42
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,566 -7,029 -3,934 -2,795 -903 716 1,128 6,427 416 45
Operating Cash Flow to CapEx		 -32.08% -9.67% -1.49% 90.47% 167.36% 183.88% 176.50% 205.56% 148.96% 131.57%
Free Cash Flow to Firm to Interest Expense		 -13.17 -35.35 -8.35 -4.22 -1.32 0.96 3.04 33.65 2.67 0.13
Operating Cash Flow to Interest Expense		 -4.41 -0.62 -0.13 3.16 3.51 7.95 30.99 77.09 84.97 42.64
Operating Cash Flow Less CapEx to Interest Expense		 -18.17 -7.07 -8.79 -0.33 1.41 3.62 13.43 39.59 27.93 10.23
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.58 0.46 0.46 0.74 0.77 0.73 0.94 1.13 1.02 0.85
Accounts Receivable Turnover		 20.46 20.96 23.18 29.31 21.63 19.65 28.34 33.49 29.96 24.65
Inventory Turnover		 2.80 3.23 4.40 6.48 6.15 6.51 8.16 6.52 5.98 6.26
Fixed Asset Turnover		 1.15 1.25 1.47 2.01 2.26 2.73 3.40 3.84 3.63 2.98
Accounts Payable Turnover		 3.69 3.67 4.22 5.91 5.72 5.07 5.00 4.80 5.33 5.96
Days Sales Outstanding (DSO)		 17.84 17.42 15.75 12.45 16.88 18.58 12.88 10.90 12.18 14.81
Days Inventory Outstanding (DIO)		 130.42 113.04 82.89 56.33 59.31 56.08 44.73 55.99 61.05 58.32
Days Payable Outstanding (DPO)		 99.01 99.43 86.44 61.76 63.86 71.97 72.95 76.12 68.48 61.19
Cash Conversion Cycle (CCC)		 49.25 31.03 12.19 7.02 12.33 2.68 -15.34 -9.23 4.75 11.94
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 2,529 9,090 11,882 14,406 15,261 16,034 20,710 26,812 39,745 45,330
Invested Capital Turnover		 2.03 1.20 1.12 1.63 1.66 2.02 2.93 3.43 2.91 2.30
Increase / (Decrease) in Invested Capital		 1,064 6,561 2,792 2,524 855 773 4,676 6,102 12,933 5,585
Enterprise Value (EV)		 32,906 36,537 60,415 66,636 84,045 662,714 1,051,808 371,080 767,009 1,268,767
Market Capitalization		 31,430 32,030 52,328 57,153 75,402 668,905 1,061,287 388,972 789,898 1,296,350
Book Value per Share		 $8.28 $31.71 $25.21 $28.67 $36.72 $23.45 $30.06 $14.16 $19.70 $22.71
Tangible Book Value per Share		 $8.18 $29.20 $22.70 $26.63 $33.74 $22.90 $29.61 $14.03 $19.57 $22.59
Total Capital		 3,780 12,758 15,847 18,285 21,529 35,418 38,417 48,997 68,839 81,893
Total Debt		 2,649 6,844 10,215 11,972 13,419 11,688 6,834 3,099 5,230 8,213
Total Long-Term Debt		 2,021 5,860 9,418 9,404 11,634 9,556 5,245 1,597 2,857 5,757
Net Debt		 1,429 3,346 6,692 8,093 7,151 -7,696 -10,873 -19,086 -23,864 -28,350
Capital Expenditures (CapEx)		 1,635 1,281 4,081 2,319 1,437 3,232 6,514 7,163 8,899 11,342
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -621 -2,082 -3,831 -2,997 -3,047 -4,783 -8,723 -6,475 -5,853 -4,568
Debt-free Net Working Capital (DFNWC)		 599 1,417 -308 882 3,221 14,601 8,984 15,710 23,241 31,995
Net Working Capital (NWC)		 -29 433 -1,104 -1,686 1,436 12,469 7,395 14,208 20,868 29,539
Net Nonoperating Expense (NNE)		 387 306 1,099 791 727 627 160 -58 -1,625 -1,523
Net Nonoperating Obligations (NNO)		 1,398 3,177 6,250 8,093 7,151 -7,696 -10,873 -19,086 -23,864 -28,350
Total Depreciation and Amortization (D&A)		 501 1,042 1,727 2,060 2,154 2,322 2,911 3,747 4,667 5,368
Debt-free, Cash-free Net Working Capital to Revenue		 -15.34% -29.74% -32.58% -13.96% -12.40% -15.17% -16.21% -7.95% -6.05% -4.68%
Debt-free Net Working Capital to Revenue		 14.80% 20.24% -2.62% 4.11% 13.11% 46.30% 16.69% 19.29% 24.02% 32.75%
Net Working Capital to Revenue		 -0.72% 6.18% -9.39% -7.86% 5.84% 39.54% 13.74% 17.44% 21.56% 30.24%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.46) ($0.31) ($0.79) ($0.38) ($0.33) $0.25 $1.87 $4.02 $4.73 $2.23
Adjusted Weighted Average Basic Shares Outstanding		 1.98B 2.43B 2.49B 2.56B 2.66B 2.80B 2.96B 3.13B 3.17B 3.20B
Adjusted Diluted Earnings per Share		 ($0.46) ($0.31) ($0.79) ($0.38) ($0.33) $0.21 $1.63 $3.62 $4.30 $2.04
Adjusted Weighted Average Diluted Shares Outstanding		 1.98B 2.43B 2.49B 2.56B 2.66B 3.25B 3.39B 3.48B 3.49B 3.50B
Adjusted Basic & Diluted Earnings per Share		 ($0.46) ($0.31) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.92B 2.16B 2.53B 2.59B 2.72B 2.88B 3.10B 3.16B 3.18B 3.22B
Normalized Net Operating Profit after Tax (NOPAT)		 -502 -467 -1,142 -177 56 1,489 5,780 12,691 6,224 6,174
Normalized NOPAT Margin		 -12.40% -6.67% -9.72% -0.83% 0.23% 4.72% 10.74% 15.58% 6.43% 6.32%
Pre Tax Income Margin		 -21.64% -10.66% -18.79% -4.68% -2.71% 3.66% 11.78% 16.84% 10.31% 9.20%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -6.38 -2.80 -3.73 -0.55 -0.04 2.50 17.95 71.27 58.10 22.20
NOPAT to Interest Expense		 -4.22 -2.35 -2.43 -0.41 -0.07 1.99 15.64 65.60 85.57 16.09
EBIT Less CapEx to Interest Expense		 -20.14 -9.24 -12.39 -4.05 -2.13 -1.82 0.39 33.77 1.05 -10.20
NOPAT Less CapEx to Interest Expense		 -17.98 -8.79 -11.09 -3.91 -2.17 -2.33 -1.91 28.10 28.53 -16.32
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% -2.75% -11.69% -21.35% -40.13% 24.13% 2.85% 1.25% 0.96% 1.45%
Augmented Payout Ratio		 0.00% -2.75% -21.95% -21.35% -40.13% 24.13% 2.85% 1.25% 0.96% 1.45%

Quarterly Metrics And Ratios for Tesla

This table displays calculated financial ratios and metrics derived from Tesla's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 55.95% 37.24% 24.38% 47.20% 8.84% 3.49% -8.69% 2.30% 7.85% 2.15% -9.23%
EBITDA Growth		 65.24% 37.38% -19.32% 13.68% -33.41% -35.00% -31.05% -25.20% 25.00% 24.28% -39.62%
EBIT Growth		 80.33% 43.94% -28.51% 9.43% -50.01% -50.27% -51.11% -40.41% 35.87% 26.11% -82.65%
NOPAT Growth		 91.26% 56.26% -25.88% -5.52% -52.05% 106.09% -64.29% -40.49% 31.51% -82.16% -67.35%
Net Income Growth		 100.78% 58.22% -22.59% 15.20% -43.62% 114.27% -54.94% -42.85% 16.24% -70.64% -70.11%
EPS Growth		 97.92% 51.28% -23.16% 20.00% -44.21% 111.86% -53.42% -46.15% 16.98% -73.60% -70.73%
Operating Cash Flow Growth		 62.06% -28.51% -37.10% 30.37% -35.14% 33.31% -90.37% 17.85% 89.09% 10.16% 790.91%
Free Cash Flow Firm Growth		 117.35% -5.05% -551.95% -311.08% -2,207.37% -120.55% -172.19% -88.90% -28.81% 22.02% 92.19%
Invested Capital Growth		 14.68% 29.46% 32.89% 35.67% 39.21% 48.24% 48.01% 40.87% 36.41% 14.05% 3.03%
Revenue Q/Q Growth		 26.69% 13.35% -4.07% 6.85% -6.33% 7.78% -15.36% 19.71% -1.25% 2.08% -24.79%
EBITDA Q/Q Growth		 33.54% 6.34% -24.46% 5.98% -21.77% 3.79% -19.87% 14.97% 30.73% 3.19% -51.77%
EBIT Q/Q Growth		 44.58% 7.11% -32.21% 4.24% -33.96% 6.55% -33.35% 27.05% 50.58% -1.10% -86.57%
NOPAT Q/Q Growth		 49.51% 7.46% -33.46% -11.61% -24.13% 361.90% -88.47% 47.31% 67.66% -37.36% -78.90%
Net Income Q/Q Growth		 46.80% 11.29% -31.51% 2.95% -28.16% 322.95% -85.60% 30.59% 46.12% 6.83% -79.72%
EPS Q/Q Growth		 46.15% 24.21% -38.14% 6.85% -32.05% 371.70% -86.40% 23.53% 47.62% 6.45% -79.66%
Operating Cash Flow Q/Q Growth		 116.93% -35.73% -23.34% 21.97% 7.93% 32.10% -94.46% 1,392.56% 73.17% -23.04% -55.21%
Free Cash Flow Firm Q/Q Growth		 124.25% -783.37% -97.80% -25.40% -24.33% 28.48% -144.12% 12.97% 15.22% 56.70% 67.14%
Invested Capital Q/Q Growth		 1.71% 13.75% 10.06% 6.54% 4.37% 21.13% 9.89% 1.40% 1.06% 1.28% 1.69%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 25.09% 23.76% 19.34% 18.19% 17.89% 17.63% 17.35% 17.95% 19.84% 16.26% 16.31%
EBITDA Margin		 21.25% 19.94% 15.70% 15.57% 13.00% 12.52% 11.85% 11.38% 15.07% 15.23% 8.93%
Operating Margin		 17.19% 16.04% 11.42% 9.62% 7.55% 8.20% 5.50% 6.29% 10.79% 6.16% 2.06%
EBIT Margin		 16.79% 15.87% 11.21% 10.94% 7.71% 7.63% 6.00% 6.37% 9.72% 9.41% 1.45%
Profit (Net Income) Margin		 15.53% 15.24% 10.88% 10.49% 8.04% 31.56% 5.37% 5.86% 8.67% 9.07% 2.17%
Tax Burden Percent		 91.61% 93.07% 90.68% 89.00% 91.83% 362.53% 73.66% 79.17% 78.41% 84.31% 71.31%
Interest Burden Percent		 100.92% 103.21% 107.03% 107.70% 113.55% 114.17% 121.42% 116.12% 113.77% 114.30% 210.36%
Effective Tax Rate		 8.39% 6.93% 9.32% 11.00% 8.17% -262.53% 26.34% 20.83% 21.59% 15.69% 28.69%
Return on Invested Capital (ROIC)		 53.44% 51.19% 34.45% 29.50% 23.61% 86.46% 10.49% 12.55% 21.19% 11.92% 3.18%
ROIC Less NNEP Spread (ROIC-NNEP)		 53.81% 50.68% 33.70% 26.78% 22.29% 84.32% 9.12% 11.52% 20.97% 8.10% 2.66%
Return on Net Nonoperating Assets (RNNOA)		 -19.71% -19.59% -13.11% -10.50% -9.15% -33.07% -3.29% -4.22% -7.98% -3.08% -0.98%
Return on Equity (ROE)		 33.73% 31.59% 21.34% 19.00% 14.46% 53.39% 7.20% 8.33% 13.21% 8.84% 2.20%
Cash Return on Invested Capital (CROIC)		 37.18% 27.05% 16.94% 12.02% 1.95% 1.25% -7.26% -5.63% -1.25% 0.11% 8.42%
Operating Return on Assets (OROA)		 19.01% 17.90% 12.62% 12.93% 8.79% 7.81% 5.80% 5.97% 8.83% 8.04% 1.18%
Return on Assets (ROA)		 17.58% 17.19% 12.25% 12.39% 9.16% 32.33% 5.19% 5.49% 7.88% 7.75% 1.77%
Return on Common Equity (ROCE)		 32.42% 30.54% 20.71% 18.50% 14.11% 52.33% 7.07% 8.20% 13.02% 8.73% 2.17%
Return on Equity Simple (ROE_SIMPLE)		 28.16% 0.00% 24.65% 23.84% 20.08% 0.00% 21.09% 18.74% 18.25% 0.00% 8.26%
Net Operating Profit after Tax (NOPAT)		 3,379 3,631 2,416 2,135 1,620 7,483 863 1,271 2,130 1,335 285
NOPAT Margin		 15.75% 14.93% 10.35% 8.57% 6.94% 29.73% 4.05% 4.98% 8.46% 5.19% 1.47%
Net Nonoperating Expense Percent (NNEP)		 -0.37% 0.51% 0.75% 2.72% 1.32% 2.14% 1.37% 1.02% 0.22% 3.82% 0.52%
Return On Investment Capital (ROIC_SIMPLE)		 7.63% 7.47% 4.69% 3.94% 2.76% 10.91% 1.22% 1.70% 2.72% 1.63% 0.34%
Cost of Revenue to Revenue		 74.91% 76.24% 80.66% 81.81% 82.11% 82.37% 82.65% 82.05% 80.16% 83.74% 83.69%
SG&A Expenses to Revenue		 4.48% 4.24% 4.61% 4.78% 5.37% 5.09% 6.45% 5.01% 4.71% 5.11% 6.47%
R&D to Revenue		 3.42% 3.33% 3.30% 3.78% 4.97% 4.35% 5.40% 4.21% 4.13% 4.96% 7.29%
Operating Expenses to Revenue		 7.90% 7.71% 7.92% 8.56% 10.34% 9.43% 11.85% 11.66% 9.05% 10.10% 14.24%
Earnings before Interest and Taxes (EBIT)		 3,603 3,859 2,616 2,727 1,801 1,919 1,279 1,625 2,447 2,420 280
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4,559 4,848 3,662 3,881 3,036 3,151 2,525 2,903 3,795 3,916 1,727
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 20.86 8.70 13.66 16.23 14.85 12.61 8.68 9.49 11.95 17.78 11.17
Price to Tangible Book Value (P/TBV)		 21.08 8.78 13.77 16.38 14.98 12.70 8.74 9.55 12.02 17.88 11.23
Price to Revenue (P/Rev)		 11.10 4.77 7.63 8.82 8.28 8.16 5.90 6.62 8.60 13.27 8.71
Price to Earnings (P/E)		 74.28 30.98 55.86 68.03 73.84 52.67 41.05 50.94 65.80 182.82 136.43
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.35% 3.23% 1.79% 1.47% 1.35% 1.90% 2.44% 1.96% 1.52% 0.55% 0.73%
Enterprise Value to Invested Capital (EV/IC)		 34.57 13.84 21.62 25.76 23.58 19.30 12.32 13.75 18.11 27.99 17.89
Enterprise Value to Revenue (EV/Rev)		 10.88 4.56 7.41 8.61 8.06 7.93 5.68 6.39 8.34 12.99 8.41
Enterprise Value to EBITDA (EV/EBITDA)		 50.80 21.38 38.70 47.79 50.14 55.86 42.73 52.42 65.51 96.57 67.04
Enterprise Value to EBIT (EV/EBIT)		 65.53 27.26 50.75 63.26 70.30 84.63 69.65 91.92 111.50 163.27 125.04
Enterprise Value to NOPAT (EV/NOPAT)		 72.62 29.62 54.59 70.14 79.00 57.46 46.74 56.81 70.72 225.35 159.21
Enterprise Value to Operating Cash Flow (EV/OCF)		 50.83 25.20 48.17 58.04 63.59 57.86 48.99 52.80 55.99 85.02 47.80
Enterprise Value to Free Cash Flow (EV/FCFF)		 99.33 57.74 145.62 246.69 1,405.10 1,841.88 0.00 0.00 0.00 28,130.30 215.63
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.09 0.07 0.05 0.04 0.08 0.08 0.08 0.12 0.11 0.11 0.10
Long-Term Debt to Equity		 0.05 0.03 0.03 0.02 0.04 0.04 0.04 0.08 0.08 0.08 0.07
Financial Leverage		 -0.37 -0.39 -0.39 -0.39 -0.41 -0.39 -0.36 -0.37 -0.38 -0.38 -0.37
Leverage Ratio		 1.90 1.86 1.81 1.77 1.76 1.73 1.71 1.70 1.71 1.67 1.67
Compound Leverage Factor		 1.92 1.92 1.93 1.91 2.00 1.97 2.08 1.98 1.94 1.90 3.51
Debt to Total Capital		 7.95% 6.32% 5.16% 4.28% 7.46% 7.60% 7.60% 10.33% 9.82% 10.03% 9.08%
Short-Term Debt to Total Capital		 3.26% 3.07% 2.70% 2.68% 3.34% 3.45% 3.49% 3.02% 2.92% 3.00% 2.70%
Long-Term Debt to Total Capital		 4.69% 3.26% 2.45% 1.60% 4.12% 4.15% 4.11% 7.31% 6.89% 7.03% 6.38%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 2.85% 2.44% 2.28% 1.93% 1.75% 1.42% 1.14% 1.06% 0.99% 0.94% 0.92%
Common Equity to Total Capital		 89.20% 91.24% 92.57% 93.79% 90.79% 90.99% 91.26% 88.61% 89.19% 89.03% 90.00%
Debt to EBITDA		 0.22 0.18 0.16 0.14 0.28 0.38 0.43 0.67 0.62 0.63 0.63
Net Debt to EBITDA		 -1.09 -1.10 -1.20 -1.22 -1.41 -1.74 -1.71 -1.98 -2.10 -2.16 -2.45
Long-Term Debt to EBITDA		 0.13 0.09 0.08 0.05 0.16 0.21 0.23 0.47 0.44 0.44 0.44
Debt to NOPAT		 0.32 0.25 0.23 0.20 0.45 0.39 0.47 0.72 0.67 1.46 1.49
Net Debt to NOPAT		 -1.56 -1.52 -1.69 -1.80 -2.21 -1.79 -1.87 -2.14 -2.26 -5.04 -5.83
Long-Term Debt to NOPAT		 0.19 0.13 0.11 0.08 0.25 0.21 0.25 0.51 0.47 1.02 1.05
Altman Z-Score		 16.50 7.97 12.03 14.59 13.70 12.59 9.12 9.85 11.72 17.63 11.52
Noncontrolling Interest Sharing Ratio		 3.90% 3.34% 2.96% 2.60% 2.41% 1.98% 1.73% 1.55% 1.44% 1.27% 1.11%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.46 1.53 1.57 1.59 1.69 1.73 1.72 1.91 1.84 2.02 2.00
Quick Ratio		 0.95 0.94 0.93 0.96 1.07 1.13 1.04 1.24 1.21 1.42 1.37
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 362 -2,471 -4,888 -6,130 -7,621 -5,450 -13,305 -11,579 -9,817 -4,250 -1,038
Operating Cash Flow to CapEx		 282.86% 176.43% 121.23% 148.79% 134.53% 189.42% 8.71% 158.98% 178.05% 173.17% 144.50%
Free Cash Flow to Firm to Interest Expense		 6.82 -74.89 -168.56 -218.92 -200.55 -89.35 -175.07 -134.64 -106.70 -44.27 -11.41
Operating Cash Flow to Interest Expense		 96.23 99.33 86.66 109.46 87.05 71.64 3.18 42.00 67.99 50.15 23.69
Operating Cash Flow Less CapEx to Interest Expense		 62.21 43.03 15.17 35.89 22.34 33.82 -33.36 15.58 29.80 21.19 7.30
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.13 1.13 1.13 1.18 1.14 1.02 0.97 0.94 0.91 0.85 0.82
Accounts Receivable Turnover		 36.04 33.49 32.44 34.02 40.71 29.96 27.54 26.54 33.31 24.65 24.96
Inventory Turnover		 7.08 6.52 6.28 6.57 6.40 5.98 5.12 5.49 5.62 6.26 5.30
Fixed Asset Turnover		 3.82 3.84 3.82 3.96 3.86 3.63 3.36 3.22 3.04 2.98 2.79
Accounts Payable Turnover		 4.96 4.80 4.89 5.57 5.53 5.33 5.09 5.54 5.56 5.96 5.59
Days Sales Outstanding (DSO)		 10.13 10.90 11.25 10.73 8.96 12.18 13.25 13.75 10.96 14.81 14.62
Days Inventory Outstanding (DIO)		 51.57 55.99 58.14 55.53 57.05 61.05 71.24 66.44 64.90 58.32 68.86
Days Payable Outstanding (DPO)		 73.60 76.12 74.72 65.47 66.03 68.48 71.76 65.92 65.68 61.19 65.29
Cash Conversion Cycle (CCC)		 -11.90 -9.23 -5.33 0.79 -0.02 4.75 12.73 14.27 10.18 11.94 18.19
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 23,570 26,812 29,509 31,438 32,811 39,745 43,677 44,288 44,758 45,330 45,000
Invested Capital Turnover		 3.39 3.43 3.33 3.44 3.40 2.91 2.59 2.52 2.50 2.30 2.16
Increase / (Decrease) in Invested Capital		 3,017 6,102 7,304 8,265 9,241 12,933 14,168 12,850 11,947 5,585 1,323
Enterprise Value (EV)		 814,872 371,080 637,880 809,989 773,542 767,009 538,122 608,898 810,641 1,268,767 804,891
Market Capitalization		 831,153 388,972 656,425 829,681 794,197 789,898 558,823 631,078 835,814 1,296,350 833,593
Book Value per Share		 $38.15 $14.16 $15.19 $16.13 $16.85 $19.70 $20.21 $20.84 $21.89 $22.71 $23.21
Tangible Book Value per Share		 $37.75 $14.03 $15.06 $15.99 $16.71 $19.57 $20.07 $20.71 $21.76 $22.59 $23.09
Total Capital		 44,677 48,997 51,911 54,513 58,888 68,839 70,540 75,008 78,406 81,893 82,947
Total Debt		 3,553 3,099 2,676 2,331 4,393 5,230 5,360 7,745 7,696 8,213 7,529
Total Long-Term Debt		 2,096 1,597 1,272 872 2,426 2,857 2,899 5,481 5,405 5,757 5,292
Net Debt		 -17,554 -19,086 -19,726 -20,744 -21,684 -23,864 -21,503 -22,975 -25,952 -28,350 -29,467
Capital Expenditures (CapEx)		 1,803 1,858 2,073 2,060 2,459 2,307 2,777 2,272 3,513 2,780 1,492
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -8,271 -6,475 -5,437 -5,333 -5,724 -5,853 -3,320 -3,208 -5,555 -4,568 -5,123
Debt-free Net Working Capital (DFNWC)		 12,836 15,710 16,965 17,742 20,353 23,241 23,543 27,512 28,093 31,995 31,873
Net Working Capital (NWC)		 11,379 14,208 15,561 16,283 18,386 20,868 21,082 25,248 25,802 29,539 29,636
Net Nonoperating Expense (NNE)		 48 -76 -123 -479 -258 -460 -281 -223 -53 -997 -135
Net Nonoperating Obligations (NNO)		 -17,554 -19,086 -19,726 -20,744 -21,684 -23,864 -21,503 -22,975 -25,952 -28,350 -30,418
Total Depreciation and Amortization (D&A)		 956 989 1,046 1,154 1,235 1,232 1,246 1,278 1,348 1,496 1,447
Debt-free, Cash-free Net Working Capital to Revenue		 -11.05% -7.95% -6.32% -5.67% -5.97% -6.05% -3.50% -3.37% -5.72% -4.68% -5.35%
Debt-free Net Working Capital to Revenue		 17.15% 19.29% 19.72% 18.87% 21.22% 24.02% 24.85% 28.86% 28.92% 32.75% 33.30%
Net Working Capital to Revenue		 15.20% 17.44% 18.09% 17.32% 19.17% 21.56% 22.25% 26.49% 26.56% 30.24% 30.96%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.05 $1.18 $0.80 $0.85 $0.58 $2.50 $0.37 $0.46 $0.68 $0.72 $0.13
Adjusted Weighted Average Basic Shares Outstanding		 3.15B 3.13B 3.17B 3.17B 3.18B 3.17B 3.19B 3.19B 3.20B 3.20B 3.22B
Adjusted Diluted Earnings per Share		 $0.95 $1.18 $0.73 $0.78 $0.53 $2.50 $0.34 $0.42 $0.62 $0.66 $0.12
Adjusted Weighted Average Diluted Shares Outstanding		 3.47B 3.48B 3.47B 3.48B 3.49B 3.49B 3.48B 3.48B 3.50B 3.50B 3.52B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $1.18 $0.00 $0.00 $0.00 $2.50 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 3.16B 3.16B 3.17B 3.17B 3.18B 3.18B 3.19B 3.19B 3.21B 3.22B 3.22B
Normalized Net Operating Profit after Tax (NOPAT)		 3,379 3,631 2,416 2,135 1,620 1,445 863 1,763 2,174 1,335 352
Normalized NOPAT Margin		 15.75% 14.93% 10.35% 8.57% 6.94% 5.74% 4.05% 6.91% 8.63% 5.19% 1.82%
Pre Tax Income Margin		 16.95% 16.38% 12.00% 11.78% 8.76% 8.71% 7.29% 7.40% 11.06% 10.76% 3.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 67.98 116.94 90.21 97.39 47.39 31.46 16.83 18.90 26.60 25.21 3.08
NOPAT to Interest Expense		 63.75 110.02 83.30 76.26 42.63 122.67 11.35 14.78 23.16 13.90 3.13
EBIT Less CapEx to Interest Expense		 33.96 60.64 18.72 23.82 -17.32 -6.36 -19.71 -7.52 -11.59 -3.75 -13.32
NOPAT Less CapEx to Interest Expense		 29.73 53.72 11.82 2.68 -22.08 84.85 -25.19 -11.64 -15.03 -15.06 -13.27
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 1.52% 1.25% 1.27% 1.21% 1.34% 0.96% 1.02% 1.02% 0.90% 1.45% 1.56%
Augmented Payout Ratio		 1.52% 1.25% 1.27% 1.21% 1.34% 0.96% 1.02% 1.02% 0.90% 1.45% 1.56%

Key Financial Trends

Tesla’s Q1 2025 results show a mixed picture: strong cash generation and a net cash balance contrast with declining sales and compressed profitability. Here are the key takeaways and trends over the past four years:

  • Net cash position of approximately $29.5 B as of Q1 2025 (cash & equivalents $16.4 B + short‐term investments $20.6 B vs. debt $7.5 B)
  • Operating cash flow rose to $2.16 B in Q1 2025, up from $0.24 B a year earlier, supporting ongoing investments
  • Free cash flow loss narrowed to $–1.04 B in Q1 2025 versus $–5.08 B in Q1 2024, reflecting improved working‐capital management
  • Healthy liquidity ratios (current ratio 2.00x, quick ratio 1.37x) underpin financial flexibility
  • Capital spending remained elevated at $1.49 B in Q1 2025 as Tesla expands its production footprint
  • Modest net financing of $0.94 B (issuance of debt $0.63 B and equity $0.31 B) funded growth initiatives
  • Revenue fell 9.2% year-over-year to $19.34 B in Q1 2025, marking two consecutive quarterly declines
  • Net income plunged 82% YoY to $0.42 B, from $2.44 B in Q1 2024; diluted EPS slid to $0.12
  • Gross margin compressed to 16.3% (from 17.4% in Q1 2024) and operating margin to 2.1%, reflecting cost pressures
  • Valuation remains high with a P/E of 136x and P/Rev of 8.7x, well above historical norms
06/23/25 03:21 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Tesla's Financials

When does Tesla's fiscal year end?

According to the most recent income statement we have on file, Tesla's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Tesla's net income changed over the last 9 years?

Tesla's net income appears to be on an upward trend, with a most recent value of $7.15 billion in 2024, falling from -$888.66 million in 2015. The previous period was $14.97 billion in 2023. See where experts think Tesla is headed by visiting Tesla's forecast page.

What is Tesla's operating income?
Tesla's total operating income in 2024 was $7.08 billion, based on the following breakdown:
  • Total Gross Profit: $17.45 billion
  • Total Operating Expenses: $10.37 billion
How has Tesla's revenue changed over the last 9 years?

Over the last 9 years, Tesla's total revenue changed from $4.05 billion in 2015 to $97.69 billion in 2024, a change of 2,314.5%.

How much debt does Tesla have?

Tesla's total liabilities were at $48.39 billion at the end of 2024, a 12.5% increase from 2023, and a 597.6% increase since 2015.

How much cash does Tesla have?

In the past 9 years, Tesla's cash and equivalents has ranged from $1.20 billion in 2015 to $19.38 billion in 2020, and is currently $16.14 billion as of their latest financial filing in 2024.

How has Tesla's book value per share changed over the last 9 years?

Over the last 9 years, Tesla's book value per share changed from 8.28 in 2015 to 22.71 in 2024, a change of 174.5%.


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This page (NASDAQ:TSLA) was last updated on 6/23/2025 by MarketBeat.com Staff
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