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Tesla (TSLA) Financials

Tesla logo
$345.98 -3.62 (-1.04%)
Closing price 04:00 PM Eastern
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$345.73 -0.25 (-0.07%)
As of 08:00 PM Eastern
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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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 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		 -294 -889 -675 -1,962 -976 -870 721 5,519 12,556 14,997 7,091
Consolidated Net Income / (Loss)		 -294 -889 -773 -2,241 -1,063 -775 862 5,644 12,587 14,974 7,153
Net Income / (Loss) Continuing Operations		 -294 -889 -773 -2,241 -1,063 -775 862 5,644 12,587 14,974 7,153
Total Pre-Tax Income 		-285 -876 -746 -2,209 -1,005 -665 1,154 6,343 13,719 9,973 8,990
Total Operating Income		 -187 -717 -667 -1,632 -388 -69 1,994 6,523 13,656 8,891 7,076
Total Gross Profit		 882 924 1,599 2,223 4,042 4,069 6,630 13,606 20,853 17,660 17,450
Total Revenue		 3,198 4,046 7,000 11,759 21,461 24,578 31,536 53,823 81,462 96,773 97,690
Operating Revenue		 3,198 4,046 7,000 11,759 21,461 24,578 31,536 53,823 81,462 96,773 97,690
Total Cost of Revenue		 2,317 3,123 5,401 9,536 17,419 20,509 24,906 40,217 60,609 79,113 80,240
Operating Cost of Revenue		 2,317 3,123 5,401 9,536 17,419 20,509 24,906 40,217 60,609 79,113 80,240
Total Operating Expenses		 1,068 1,640 2,267 3,855 4,430 4,138 4,636 7,083 7,197 8,769 10,374
Selling, General & Admin Expense		 604 922 1,432 2,477 2,835 2,646 3,145 4,517 3,946 4,800 5,150
Research & Development Expense		 465 718 834 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		 -98 -159 -79 -577 -617 -596 -840 -180 63 1,082 1,914
Interest Expense		 101 119 199 471 663 685 748 371 191 156 350
Interest & Investment Income		 1.13 1.51 8.53 19 24 44 30 56 297 1,066 1,569
Other Income / (Expense), net		 1.81 -42 111 -125 22 45 -122 135 -43 172 695
Income Tax Expense		 9.40 13 27 32 58 110 292 699 1,132 -5,001 1,837
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.00 -98 -279 -87 95 141 125 31 -23 62
Basic Earnings per Share		 ($2.36) ($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		 124.54M 128.20M 144.21M 166M 853M 887M 2.80B 2.96B 3.13B 3.17B 3.20B
Diluted Earnings per Share		 ($2.36) ($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		 124.54M 128.20M 144.21M 166M 853M 887M 3.25B 3.39B 3.48B 3.49B 3.50B
Weighted Average Basic & Diluted Shares Outstanding		 124.54M 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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 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 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 3,687 2,513 2,703 1,853 7,928 1,390 1,400 2,167 2,317 409 1,172
Consolidated Net Income / (Loss)		 3,707 2,539 2,614 1,878 7,943 1,405 1,416 2,183 2,332 420 1,190
Net Income / (Loss) Continuing Operations		 3,707 2,539 2,614 1,878 7,943 1,405 1,416 2,183 2,332 420 1,190
Total Pre-Tax Income 		3,983 2,800 2,937 2,045 2,191 1,888 1,787 2,784 2,766 589 1,549
Total Operating Income		 3,901 2,664 2,399 1,764 2,064 1,171 1,605 2,717 1,583 399 923
Total Gross Profit		 5,777 4,511 4,533 4,178 4,438 3,696 4,578 4,997 4,179 3,153 3,878
Total Revenue		 24,318 23,329 24,927 23,350 25,167 21,301 25,500 25,182 25,707 19,335 22,496
Operating Revenue		 24,318 23,329 24,927 23,350 25,167 21,301 25,500 25,182 25,707 19,335 22,496
Total Cost of Revenue		 18,541 18,818 20,394 19,172 20,729 17,605 20,922 20,185 21,528 16,182 18,618
Operating Cost of Revenue		 18,541 18,818 20,394 19,172 20,729 17,605 20,922 20,185 21,528 16,182 18,618
Total Operating Expenses		 1,876 1,847 2,134 2,414 2,374 2,525 2,973 2,280 2,596 2,754 2,955
Selling, General & Admin Expense		 1,032 1,076 1,191 1,253 1,280 1,374 1,277 1,186 1,313 1,251 1,366
Research & Development Expense		 810 771 943 1,161 1,094 1,151 1,074 1,039 1,276 1,409 1,589
Restructuring Charge		 - - 0.00 0.00 - 0.00 622 55 - 94 0.00
Total Other Income / (Expense), net		 82 136 538 281 127 717 182 67 1,183 190 626
Interest Expense		 33 29 28 38 61 76 86 92 96 91 86
Interest & Investment Income		 157 213 238 282 333 350 348 429 442 400 392
Other Income / (Expense), net		 -42 -48 328 37 -145 443 -80 -270 837 -119 320
Income Tax Expense		 276 261 323 167 -5,752 483 371 601 434 169 359
Net Income / (Loss) Attributable to Noncontrolling Interest		 20 26 -89 25 15 15 16 16 15 11 18
Basic Earnings per Share		 $1.18 $0.80 $0.85 $0.58 $2.50 $0.45 $0.44 $0.68 $0.72 $0.13 $0.36
Weighted Average Basic Shares Outstanding		 3.13B 3.17B 3.17B 3.18B 3.17B 3.19B 3.19B 3.20B 3.20B 3.22B 3.22B
Diluted Earnings per Share		 $1.18 $0.73 $0.78 $0.53 $2.50 $0.41 $0.40 $0.62 $0.66 $0.12 $0.33
Weighted Average Diluted Shares Outstanding		 3.48B 3.47B 3.48B 3.49B 3.49B 3.48B 3.48B 3.50B 3.50B 3.52B 3.52B
Weighted Average Basic & Diluted Shares Outstanding		 3.16B 3.17B 3.17B 3.18B 3.18B 3.19B 3.19B 3.21B 3.22B 3.22B 3.23B

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 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		 1,060 -709 2,533 198 312 2,506 13,118 -1,757 -1,220 265 -152
Net Cash From Operating Activities		 -57 -524 -124 -61 2,098 2,405 5,943 11,497 14,724 13,256 14,923
Net Cash From Continuing Operating Activities		 -57 -524 -124 -61 2,098 2,501 5,943 11,497 14,724 13,256 14,923
Net Income / (Loss) Continuing Operations		 -294 -889 -773 -2,241 -1,063 -775 862 5,644 12,587 14,974 7,153
Consolidated Net Income / (Loss)		 -294 -889 -773 -2,241 -1,063 -775 862 5,644 12,587 14,974 7,153
Depreciation Expense		 232 423 947 1,636 1,901 2,154 2,322 2,911 3,747 4,667 5,368
Non-Cash Adjustments To Reconcile Net Income		 192 357 301 950 1,043 1,375 2,575 2,424 2,298 2,212 1,844
Changes in Operating Assets and Liabilities, net		 -257 -493 -694 -497 58 -349 184 518 -3,908 -8,597 558
Net Cash From Investing Activities		 -990 -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		 -990 -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		 -970 -1,635 -1,281 -4,081 -2,319 -1,437 -3,232 -6,514 -7,163 -8,899 -11,342
Acquisitions		 0.00 -12 343 -115 -18 -45 -13 0.00 0.00 -64 0.00
Purchase of Investments		 -206 - - - - 0.00 0.00 -132 -5,835 -19,112 -35,955
Sale and/or Maturity of Investments		 189 0.00 17 - - 0.00 0.00 0.00 22 12,491 28,510
Other Investing Activities, net		 -3.85 -26 -160 0.00 0.00 46 113 -1,222 1,003 0.00 0.00
Net Cash From Financing Activities		 2,143 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		 2,143 1,524 3,744 4,415 574 1,529 9,973 -5,203 -3,527 2,589 3,853
Repayment of Debt		 -46 -221 -1,155 -3,713 -5,921 -9,587 -12,207 -14,185 -3,364 -1,380 -2,514
Payment of Dividends		 0.00 0.00 -21 -262 -227 -311 -208 -161 -157 -144 -104
Issuance of Debt		 2,303 888 2,853 7,138 6,176 10,669 9,713 8,883 0.00 3,931 5,744
Issuance of Common Equity		 490 857 2,067 1,502 733 1,564 12,710 709 541 700 1,241
Other Financing Activities, net		 -603 0.00 0.00 -20 -187 -806 -35 -449 -547 -518 -514
Effect of Exchange Rate Changes		 -36 -34 -6.55 40 -23 8.00 334 -183 -444 4.00 -141
Cash Interest Paid		 -21 32 39 183 381 455 444 266 152 126 277
Cash Income Taxes Paid		 3.12 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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 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 6/30/2025
Net Change in Cash & Equivalents		 -3,225 -154 -891 711 599 -4,725 2,890 3,620 -1,937 213 -515
Net Cash From Operating Activities		 3,278 2,513 3,065 3,308 4,370 242 3,612 6,255 4,814 2,156 2,540
Net Cash From Continuing Operating Activities		 3,278 2,513 3,065 3,308 4,370 242 3,612 6,255 4,814 2,156 2,540
Net Income / (Loss) Continuing Operations		 3,707 2,539 2,614 1,878 7,943 1,405 1,494 2,183 2,332 420 1,190
Consolidated Net Income / (Loss)		 3,707 2,539 2,614 1,878 7,943 1,405 1,494 2,183 2,332 420 1,190
Depreciation Expense		 989 1,046 1,154 1,235 1,232 1,246 1,278 1,348 1,496 1,447 1,433
Non-Cash Adjustments To Reconcile Net Income		 773 458 398 610 746 189 558 865 -103 886 538
Changes in Operating Assets and Liabilities, net		 -2,191 -1,530 -1,101 -415 -5,551 -2,598 282 1,859 1,089 -597 -621
Net Cash From Investing Activities		 -6,131 -2,484 -3,534 -4,762 -4,804 -5,084 -3,225 -2,875 -7,603 -1,651 -2,944
Net Cash From Continuing Investing Activities		 -6,131 -2,484 -3,534 -4,762 -4,804 -5,084 -3,225 -2,875 -7,603 -1,651 -2,944
Purchase of Property, Plant & Equipment		 -1,858 -2,073 -2,060 -2,459 -2,307 -2,777 -2,272 -3,513 -2,780 -1,492 -2,394
Purchase of Investments		 -4,368 -2,015 -5,075 -6,131 -5,891 -6,622 -8,143 -6,032 -15,158 -6,015 -7,485
Sale and/or Maturity of Investments		 19 1,604 3,677 3,816 3,394 4,315 7,190 6,670 10,335 5,856 6,935
Net Cash From Financing Activities		 -495 -233 -328 2,263 887 196 2,540 132 985 -332 -222
Net Cash From Continuing Financing Activities		 -495 -233 -328 2,263 887 196 2,540 132 985 -332 -222
Repayment of Debt		 -364 -315 -241 -354 -470 -594 -633 -562 -725 -1,349 -2,848
Payment of Dividends		 -39 -36 -31 -38 -39 -30 -20 -26 -28 -22 -14
Issuance of Debt		 - 0.00 - 2,526 1,405 776 3,119 465 1,384 625 2,425
Issuance of Common Equity		 67 231 63 254 152 251 197 340 453 313 215
Effect of Exchange Rate Changes		 123 50 -94 -98 146 -79 -37 108 -133 40 111

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 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		 5,831 8,068 22,664 28,655 29,740 34,309 52,148 62,131 82,338 106,618 122,070
Total Current Assets		 3,180 2,782 6,260 6,571 8,307 12,103 26,717 27,100 40,917 49,616 58,360
Cash & Equivalents		 1,906 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		 227 169 499 515 949 1,324 1,886 1,913 2,952 3,508 4,418
Inventories, net		 954 1,278 2,067 2,264 3,113 3,552 4,101 5,757 12,839 13,626 12,017
Prepaid Expenses		 76 116 194 268 366 959 1,346 1,723 2,941 3,388 5,362
Plant, Property, & Equipment, net		 1,829 5,195 5,983 10,028 11,330 10,396 12,747 18,884 23,548 29,725 35,836
Total Noncurrent Assets		 821 91 10,421 12,057 10,103 11,810 12,684 16,147 17,873 27,277 27,874
Noncurrent Note & Lease Receivables		 767 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		 43 47 217 273 970 11,273 12,164 15,690 6,612 8,895 9,375
Other Noncurrent Nonoperating Assets		 11 32 268 442 - - - - - - 1,076
Total Liabilities & Shareholders' Equity		 5,831 8,068 22,664 28,655 29,740 34,309 52,148 62,131 82,338 106,618 122,070
Total Liabilities		 4,861 6,937 16,750 23,023 23,427 26,199 28,418 30,548 36,440 43,009 48,390
Total Current Liabilities		 2,107 2,811 5,827 7,675 9,993 10,667 14,248 19,705 26,709 28,748 28,821
Short-Term Debt		 611 628 984 797 2,568 1,785 2,132 1,589 1,502 2,373 2,456
Accounts Payable		 778 916 2,026 2,490 3,405 3,771 6,051 10,025 15,255 14,431 12,474
Accrued Expenses		 269 423 1,210 1,731 2,094 3,222 3,855 5,719 8,205 9,080 10,723
Current Deferred Revenue		 449 424 763 1,015 630 1,163 1,458 1,447 1,747 2,864 3,168
Total Noncurrent Liabilities		 2,754 4,126 10,913 15,348 13,434 15,532 14,170 10,843 9,731 14,261 19,569
Long-Term Debt		 1,819 2,021 5,860 9,418 9,404 11,634 9,556 5,245 1,597 2,857 5,757
Noncurrent Deferred Revenue		 292 446 852 1,178 991 1,207 1,284 2,052 2,804 3,251 3,317
Other Noncurrent Operating Liabilities		 643 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		 58 47 376 398 556 643 655 568 409 242 63
Total Equity & Noncontrolling Interests		 912 1,084 5,538 5,235 5,757 7,467 23,075 31,015 45,489 63,367 73,617
Total Preferred & Common Equity		 912 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 0.00
Total Common Equity		 912 1,084 4,753 4,237 4,923 6,618 22,225 30,189 44,704 62,634 72,913
Common Stock		 2,345 3,410 7,774 9,178 10,249 12,737 27,261 29,806 32,180 34,895 38,374
Retained Earnings		 -1,434 -2,322 -2,997 -4,974 -5,318 -6,083 -5,399 329 12,885 27,882 35,209
Accumulated Other Comprehensive Income / (Loss)		 -0.02 -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 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 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 3/31/2025 6/30/2025
Total Assets		 74,426 82,338 86,833 90,591 93,941 106,618 109,226 112,832 119,852 125,111 128,567
Total Current Assets		 35,990 40,917 42,997 43,875 45,026 49,616 50,535 52,977 56,379 59,389 61,133
Cash & Equivalents		 19,532 16,253 16,048 15,296 15,932 16,398 11,805 14,635 18,111 16,352 15,587
Short-Term Investments		 1,575 5,932 6,354 7,779 10,145 12,696 15,058 16,085 15,537 20,644 21,195
Accounts Receivable		 2,192 2,952 2,993 3,447 2,520 3,508 3,887 3,737 3,313 3,782 3,838
Inventories, net		 10,327 12,839 14,375 14,356 13,721 13,626 16,033 14,195 14,530 13,706 14,570
Prepaid Expenses		 2,364 2,941 3,227 2,997 2,708 3,388 3,752 4,325 4,888 4,905 5,943
Plant, Property, & Equipment, net		 21,926 23,548 24,969 26,389 27,744 29,725 31,436 32,902 36,116 37,088 38,574
Total Noncurrent Assets		 16,510 17,873 18,867 20,327 21,171 27,277 27,255 26,953 27,357 28,634 28,860
Noncurrent Note & Lease Receivables		 - 10,524 - - 11,412 11,218 10,898 10,643 10,420 10,332 10,018
Goodwill		 191 194 195 263 250 253 250 249 253 248 258
Intangible Assets		 228 215 204 202 191 178 171 164 158 144 138
Noncurrent Deferred & Refundable Income Taxes		 - 328 - - - 6,733 6,769 6,692 6,486 6,687 6,721
Other Noncurrent Operating Assets		 16,091 6,612 18,468 19,862 9,318 8,895 9,167 9,205 10,040 10,272 10,490
Other Noncurrent Nonoperating Assets		 - - - - - - - - - 951 1,235
Total Liabilities & Shareholders' Equity		 74,426 82,338 86,833 90,591 93,941 106,618 109,226 112,832 119,852 125,111 128,567
Total Liabilities		 33,302 36,440 37,598 38,409 39,446 43,009 44,046 45,569 49,142 49,693 50,495
Total Current Liabilities		 24,611 26,709 27,436 27,592 26,640 28,748 29,453 27,729 30,577 29,753 30,008
Short-Term Debt		 1,457 1,502 1,404 1,459 1,967 2,373 2,461 2,264 2,291 2,237 2,040
Accounts Payable		 13,897 15,255 15,904 15,273 13,937 14,431 14,725 13,056 14,654 13,471 13,212
Accrued Expenses		 6,246 8,205 7,321 7,658 7,636 9,080 9,243 9,616 10,601 10,802 11,519
Current Deferred Revenue		 1,928 1,747 1,750 2,176 2,206 2,864 3,024 2,793 3,031 3,243 3,237
Total Noncurrent Liabilities		 8,691 9,731 10,162 10,817 12,806 14,261 14,593 17,840 18,565 19,940 20,487
Long-Term Debt		 2,096 1,597 1,272 872 2,426 2,857 2,899 5,481 5,405 5,292 5,180
Noncurrent Deferred Revenue		 2,265 2,804 2,911 3,021 3,059 3,251 3,214 3,357 3,350 3,610 3,764
Other Noncurrent Operating Liabilities		 4,330 5,330 5,979 6,924 7,321 8,153 8,480 9,002 9,810 11,038 11,543
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		 421 409 407 288 277 242 73 72 70 62 61
Total Equity & Noncontrolling Interests		 40,703 45,489 48,828 51,894 54,218 63,367 65,107 67,191 70,640 75,356 78,011
Total Preferred & Common Equity		 39,851 44,704 48,054 51,130 53,466 62,634 64,378 66,468 69,931 74,653 77,314
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		 39,851 44,704 48,054 51,130 53,466 62,634 64,378 66,468 69,931 74,653 77,314
Common Stock		 31,595 32,180 32,881 33,439 34,204 34,895 35,766 36,446 37,289 39,459 40,366
Retained Earnings		 9,198 12,885 15,398 18,101 19,954 27,882 29,011 30,489 32,656 35,618 36,790
Accumulated Other Comprehensive Income / (Loss)		 -942 -361 -225 -410 -692 -143 -399 -467 -14 -424 158
Noncontrolling Interest		 852 785 774 764 752 733 729 723 709 703 697

Annual Metrics And Ratios for Tesla

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

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 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		 58.85% 26.50% 73.01% 67.98% 82.51% 14.52% 28.31% 70.67% 51.35% 18.80% 0.95%
EBITDA Growth		 42.25% -320.60% 288.53% -106.18% 5,746.67% 25.74% 96.90% 128.16% 81.42% -20.91% -4.30%
EBIT Growth		 -377.95% -310.16% 26.67% -215.97% 79.17% 93.44% 7,900.00% 255.66% 104.46% -33.42% -14.26%
NOPAT Growth		 -204.63% -283.86% 6.88% -144.55% 76.23% 82.22% 3,183.75% 289.68% 115.87% 6.55% -57.83%
Net Income Growth		 -297.28% -202.23% 13.01% -189.89% 52.57% 27.09% 211.23% 554.76% 123.02% 18.96% -52.23%
EPS Growth		 -280.65% -193.64% 32.47% -152.78% 52.57% 27.09% 211.23% 554.76% 122.09% 18.78% -52.56%
Operating Cash Flow Growth		 -121.65% -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		 -1,121.52% -33.06% -348.87% 44.03% 28.95% 67.69% 179.32% 57.47% 469.70% -93.52% -89.17%
Invested Capital Growth		 249.87% 72.65% 259.45% 30.71% 21.24% 5.94% 5.07% 29.16% 29.46% 48.24% 14.05%
Revenue Q/Q Growth		 11.95% 6.80% 18.05% 9.33% 22.47% 0.65% 11.93% 14.89% 8.81% 0.89% 0.56%
EBITDA Q/Q Growth		 -18.19% -79.03% 181.83% -109.50% 173.46% -7.08% 8.43% 31.50% 8.22% -11.00% 6.18%
EBIT Q/Q Growth		 -56.39% -36.33% 19.19% -39.10% 73.96% -156.91% 17.96% 44.87% 9.47% -17.63% 6.89%
NOPAT Q/Q Growth		 -49.11% -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		 -45.08% -31.48% 11.55% -32.66% 48.01% -11.24% 23.50% 56.91% 12.15% 39.45% -43.96%
EPS Q/Q Growth		 -53.25% -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		 -135.16% 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		 -72.85% 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		 42.24% 0.50% 313.77% -1.04% 2.12% 0.05% -4.00% 0.76% 13.75% 21.13% 1.28%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 27.57% 22.82% 22.85% 18.90% 18.83% 16.56% 21.02% 25.28% 25.60% 18.25% 17.86%
EBITDA Margin		 3.65% -6.37% 6.94% -0.26% 7.89% 8.67% 13.30% 17.78% 21.31% 14.19% 13.45%
Operating Margin		 -5.84% -17.71% -9.53% -13.88% -1.81% -0.28% 6.32% 12.12% 16.76% 9.19% 7.24%
EBIT Margin		 -5.78% -18.74% -7.94% -14.94% -1.71% -0.10% 5.94% 12.37% 16.71% 9.37% 7.95%
Profit (Net Income) Margin		 -9.19% -21.96% -11.04% -19.06% -4.95% -3.15% 2.73% 10.49% 15.45% 15.47% 7.32%
Tax Burden Percent		 103.30% 101.49% 103.58% 101.45% 105.77% 116.54% 74.70% 88.98% 91.75% 150.15% 79.57%
Interest Burden Percent		 153.96% 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% 0.00% 25.30% 11.02% 8.25% -50.15% 20.43%
Return on Invested Capital (ROIC)		 -13.88% -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)		 -146.48% -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)		 -22.05% -59.48% -13.91% -27.92% -15.73% -10.42% -4.10% -11.18% -20.24% -12.77% -2.82%
Return on Equity (ROE)		 -35.92% -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)		 -124.96% -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)		 -4.48% -10.91% -3.62% -6.85% -1.25% -0.07% 4.33% 11.65% 18.85% 9.59% 6.80%
Return on Assets (ROA)		 -7.13% -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)		 -34.65% -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)		 -32.25% -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)		 -131 -502 -467 -1,142 -272 -48 1,489 5,804 12,529 13,349 5,630
NOPAT Margin		 -4.09% -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)		 132.60% 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)		 -3.91% -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		 72.43% 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		 18.87% 22.79% 20.46% 21.06% 13.21% 10.77% 9.97% 8.39% 4.84% 4.96% 5.27%
R&D to Revenue		 14.53% 17.74% 11.92% 11.72% 6.80% 5.46% 4.73% 4.82% 3.77% 4.10% 4.65%
Operating Expenses to Revenue		 33.40% 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)		 -185 -758 -556 -1,757 -366 -24 1,872 6,658 13,613 9,063 7,771
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 117 -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)		 30.59 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)		 30.59 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)		 8.72 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 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% 0.00%
Earnings Yield		 0.00% 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)		 19.42 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)		 8.90 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)		 243.61 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 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 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 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 0.00 924.99 932.32 57.74 1,841.88 28,130.30
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.51 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		 1.88 1.79 0.99 1.67 1.49 1.43 0.40 0.17 0.03 0.04 0.08
Financial Leverage		 0.15 0.90 0.65 0.82 1.20 1.06 -0.02 -0.34 -0.39 -0.39 -0.38
Leverage Ratio		 5.04 6.62 4.36 4.44 4.89 4.44 2.72 2.07 1.86 1.73 1.67
Compound Leverage Factor		 7.76 7.64 5.86 5.59 13.42 123.05 1.67 1.97 1.88 1.90 1.93
Debt to Total Capital		 71.47% 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		 17.97% 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		 53.50% 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% 0.00%
Noncontrolling Interests to Total Capital		 1.71% 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		 26.82% 28.67% 37.25% 26.74% 26.92% 30.74% 62.75% 78.58% 91.24% 90.99% 89.03%
Debt to EBITDA		 20.81 -10.28 14.09 -340.50 7.07 6.30 2.79 0.71 0.18 0.38 0.63
Net Debt to EBITDA		 4.33 -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		 15.57 -7.84 12.06 -313.94 5.55 5.46 2.28 0.55 0.09 0.21 0.44
Debt to NOPAT		 -18.59 -5.28 -14.65 -8.94 -44.08 -277.83 7.85 1.18 0.25 0.39 1.46
Net Debt to NOPAT		 -3.87 -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		 -13.92 -4.03 -12.54 -8.24 -34.62 -240.87 6.42 0.90 0.13 0.21 1.02
Altman Z-Score		 3.76 2.50 1.21 1.28 1.83 2.24 14.99 22.22 8.37 12.81 17.78
Noncontrolling Interest Sharing Ratio		 3.56% 5.02% 17.15% 22.14% 23.32% 19.98% 9.41% 5.24% 3.34% 1.98% 1.27%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.51 0.99 1.07 0.86 0.83 1.13 1.88 1.38 1.53 1.73 2.02
Quick Ratio		 1.01 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)		 -1,177 -1,566 -7,029 -3,934 -2,795 -903 716 1,128 6,427 416 45
Operating Cash Flow to CapEx		 -5.91% -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		 -11.66 -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		 -0.57 -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		 -10.18 -18.17 -7.07 -8.79 -0.33 1.41 3.62 13.43 39.59 27.93 10.23
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.78 0.58 0.46 0.46 0.74 0.77 0.73 0.94 1.13 1.02 0.85
Accounts Receivable Turnover		 23.20 20.46 20.96 23.18 29.31 21.63 19.65 28.34 33.49 29.96 24.65
Inventory Turnover		 3.58 2.80 3.23 4.40 6.48 6.15 6.51 8.16 6.52 5.98 6.26
Fixed Asset Turnover		 2.49 1.15 1.25 1.47 2.01 2.26 2.73 3.40 3.84 3.63 2.98
Accounts Payable Turnover		 4.28 3.69 3.67 4.22 5.91 5.72 5.07 5.00 4.80 5.33 5.96
Days Sales Outstanding (DSO)		 15.73 17.84 17.42 15.75 12.45 16.88 18.58 12.88 10.90 12.18 14.81
Days Inventory Outstanding (DIO)		 101.94 130.42 113.04 82.89 56.33 59.31 56.08 44.73 55.99 61.05 58.32
Days Payable Outstanding (DPO)		 85.23 99.01 99.43 86.44 61.76 63.86 71.97 72.95 76.12 68.48 61.19
Cash Conversion Cycle (CCC)		 32.44 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		 1,465 2,529 9,090 11,882 14,406 15,261 16,034 20,710 26,812 39,745 45,330
Invested Capital Turnover		 3.40 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		 1,046 1,064 6,561 2,792 2,524 855 773 4,676 6,102 12,933 5,585
Enterprise Value (EV)		 28,451 32,906 36,537 60,415 66,636 84,045 662,714 1,051,808 371,080 767,009 1,268,767
Market Capitalization		 27,886 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		 $7.27 $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		 $7.27 $8.18 $29.20 $22.70 $26.63 $33.74 $22.90 $29.61 $14.03 $19.57 $22.59
Total Capital		 3,400 3,780 12,758 15,847 18,285 21,529 35,418 38,417 48,997 68,839 81,893
Total Debt		 2,430 2,649 6,844 10,215 11,972 13,419 11,688 6,834 3,099 5,230 8,213
Total Long-Term Debt		 1,819 2,021 5,860 9,418 9,404 11,634 9,556 5,245 1,597 2,857 5,757
Net Debt		 506 1,429 3,346 6,692 8,093 7,151 -7,696 -10,873 -19,086 -23,864 -28,350
Capital Expenditures (CapEx)		 970 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)		 -240 -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)		 1,684 599 1,417 -308 882 3,221 14,601 8,984 15,710 23,241 31,995
Net Working Capital (NWC)		 1,073 -29 433 -1,104 -1,686 1,436 12,469 7,395 14,208 20,868 29,539
Net Nonoperating Expense (NNE)		 163 387 306 1,099 791 727 627 160 -58 -1,625 -1,523
Net Nonoperating Obligations (NNO)		 495 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)		 302 501 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		 -7.49% -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		 52.65% 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		 33.55% -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		 ($0.16) ($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		 1.89B 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		 ($0.16) ($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		 1.89B 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		 ($0.16) ($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		 1.87B 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)		 -131 -502 -467 -1,142 -177 56 1,489 5,780 12,691 6,224 6,174
Normalized NOPAT Margin		 -4.09% -12.40% -6.67% -9.72% -0.83% 0.23% 4.72% 10.74% 15.58% 6.43% 6.32%
Pre Tax Income Margin		 -8.90% -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		 -1.83 -6.38 -2.80 -3.73 -0.55 -0.04 2.50 17.95 71.27 58.10 22.20
NOPAT to Interest Expense		 -1.30 -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		 -11.45 -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		 -10.91 -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% 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% 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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 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 6/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 37.24% 24.38% 47.20% 8.84% 3.49% -8.69% 2.30% 7.85% 2.15% -9.23% -11.78%
EBITDA Growth		 37.38% -19.32% 13.68% -33.41% -35.00% -31.05% -25.20% 25.00% 24.28% -39.62% -4.53%
EBIT Growth		 43.94% -28.51% 9.43% -50.01% -50.27% -51.11% -40.41% 35.87% 26.11% -82.65% -18.49%
NOPAT Growth		 56.26% -25.88% -5.52% -52.05% 106.09% -64.29% -40.49% 31.51% -82.16% -67.35% -44.25%
Net Income Growth		 58.22% -22.59% 15.20% -43.62% 114.27% -54.94% -42.85% 16.24% -70.64% -70.11% -15.96%
EPS Growth		 51.28% -23.16% 20.00% -44.21% 111.86% -53.42% -46.15% 16.98% -73.60% -70.73% -17.50%
Operating Cash Flow Growth		 -28.51% -37.10% 30.37% -35.14% 33.31% -90.37% 17.85% 89.09% 10.16% 790.91% -29.68%
Free Cash Flow Firm Growth		 -5.05% -551.95% -311.08% -2,207.37% -120.55% -172.19% -88.90% -28.81% 22.02% 92.19% 80.33%
Invested Capital Growth		 29.46% 32.89% 35.67% 39.21% 48.24% 48.01% 40.87% 36.41% 14.05% 3.03% 6.74%
Revenue Q/Q Growth		 13.35% -4.07% 6.85% -6.33% 7.78% -15.36% 19.71% -1.25% 2.08% -24.79% 16.35%
EBITDA Q/Q Growth		 6.34% -24.46% 5.98% -21.77% 3.79% -19.87% 14.97% 30.73% 3.19% -51.77% 54.95%
EBIT Q/Q Growth		 7.11% -32.21% 4.24% -33.96% 6.55% -33.35% 27.05% 50.58% -1.10% -86.57% 343.93%
NOPAT Q/Q Growth		 7.46% -33.46% -11.61% -24.13% 361.90% -88.47% 47.31% 67.66% -37.36% -78.90% 149.22%
Net Income Q/Q Growth		 11.29% -31.51% 2.95% -28.16% 322.95% -85.60% 30.59% 46.12% 6.83% -79.72% 183.33%
EPS Q/Q Growth		 24.21% -38.14% 6.85% -32.05% 371.70% -86.40% 23.53% 47.62% 6.45% -79.66% 175.00%
Operating Cash Flow Q/Q Growth		 -35.73% -23.34% 21.97% 7.93% 32.10% -94.46% 1,392.56% 73.17% -23.04% -55.21% 17.81%
Free Cash Flow Firm Q/Q Growth		 -783.37% -97.80% -25.40% -24.33% 28.48% -144.12% 12.97% 15.22% 56.70% 67.14% -119.35%
Invested Capital Q/Q Growth		 13.75% 10.06% 6.54% 4.37% 21.13% 9.89% 1.40% 1.06% 1.28% 1.69% 5.06%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 23.76% 19.34% 18.19% 17.89% 17.63% 17.35% 17.95% 19.84% 16.26% 16.31% 17.24%
EBITDA Margin		 19.94% 15.70% 15.57% 13.00% 12.52% 11.85% 11.38% 15.07% 15.23% 8.93% 11.90%
Operating Margin		 16.04% 11.42% 9.62% 7.55% 8.20% 5.50% 6.29% 10.79% 6.16% 2.06% 4.10%
EBIT Margin		 15.87% 11.21% 10.94% 7.71% 7.63% 6.00% 6.37% 9.72% 9.41% 1.45% 5.53%
Profit (Net Income) Margin		 15.24% 10.88% 10.49% 8.04% 31.56% 5.37% 5.86% 8.67% 9.07% 2.17% 5.29%
Tax Burden Percent		 93.07% 90.68% 89.00% 91.83% 362.53% 73.66% 79.17% 78.41% 84.31% 71.31% 76.82%
Interest Burden Percent		 103.21% 107.03% 107.70% 113.55% 114.17% 121.42% 116.12% 113.77% 114.30% 210.36% 124.62%
Effective Tax Rate		 6.93% 9.32% 11.00% 8.17% -262.53% 26.34% 20.83% 21.59% 15.69% 28.69% 23.18%
Return on Invested Capital (ROIC)		 51.19% 34.45% 29.50% 23.61% 86.46% 10.49% 12.55% 21.19% 11.92% 3.18% 6.38%
ROIC Less NNEP Spread (ROIC-NNEP)		 50.68% 33.70% 26.78% 22.29% 84.32% 9.12% 11.52% 20.97% 8.10% 2.66% 4.60%
Return on Net Nonoperating Assets (RNNOA)		 -19.59% -13.11% -10.50% -9.15% -33.07% -3.29% -4.22% -7.98% -3.08% -0.98% -1.70%
Return on Equity (ROE)		 31.59% 21.34% 19.00% 14.46% 53.39% 7.20% 8.33% 13.21% 8.84% 2.20% 4.68%
Cash Return on Invested Capital (CROIC)		 27.05% 16.94% 12.02% 1.95% 1.25% -7.26% -5.63% -1.25% 0.11% 8.42% 3.27%
Operating Return on Assets (OROA)		 17.90% 12.62% 12.93% 8.79% 7.81% 5.80% 5.97% 8.83% 8.04% 1.18% 4.24%
Return on Assets (ROA)		 17.19% 12.25% 12.39% 9.16% 32.33% 5.19% 5.49% 7.88% 7.75% 1.77% 4.06%
Return on Common Equity (ROCE)		 30.54% 20.71% 18.50% 14.11% 52.33% 7.07% 8.20% 13.02% 8.73% 2.17% 4.63%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 24.65% 23.84% 20.08% 0.00% 21.09% 18.74% 18.25% 0.00% 8.26% 7.69%
Net Operating Profit after Tax (NOPAT)		 3,631 2,416 2,135 1,620 7,483 863 1,271 2,130 1,335 285 709
NOPAT Margin		 14.93% 10.35% 8.57% 6.94% 29.73% 4.05% 4.98% 8.46% 5.19% 1.47% 3.15%
Net Nonoperating Expense Percent (NNEP)		 0.51% 0.75% 2.72% 1.32% 2.14% 1.37% 1.02% 0.22% 3.82% 0.52% 1.79%
Return On Investment Capital (ROIC_SIMPLE)		 7.47% 4.69% 3.94% 2.76% 10.91% 1.22% 1.70% 2.72% 1.63% 0.34% 0.83%
Cost of Revenue to Revenue		 76.24% 80.66% 81.81% 82.11% 82.37% 82.65% 82.05% 80.16% 83.74% 83.69% 82.76%
SG&A Expenses to Revenue		 4.24% 4.61% 4.78% 5.37% 5.09% 6.45% 5.01% 4.71% 5.11% 6.47% 6.07%
R&D to Revenue		 3.33% 3.30% 3.78% 4.97% 4.35% 5.40% 4.21% 4.13% 4.96% 7.29% 7.06%
Operating Expenses to Revenue		 7.71% 7.92% 8.56% 10.34% 9.43% 11.85% 11.66% 9.05% 10.10% 14.24% 13.14%
Earnings before Interest and Taxes (EBIT)		 3,859 2,616 2,727 1,801 1,919 1,279 1,625 2,447 2,420 280 1,243
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4,848 3,662 3,881 3,036 3,151 2,525 2,903 3,795 3,916 1,727 2,676
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 8.70 13.66 16.23 14.85 12.61 8.68 9.49 11.95 17.78 11.17 13.23
Price to Tangible Book Value (P/TBV)		 8.78 13.77 16.38 14.98 12.70 8.74 9.55 12.02 17.88 11.23 13.30
Price to Revenue (P/Rev)		 4.77 7.63 8.82 8.28 8.16 5.90 6.62 8.60 13.27 8.71 11.04
Price to Earnings (P/E)		 30.98 55.86 68.03 73.84 52.67 41.05 50.94 65.80 182.82 136.43 173.95
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		 3.23% 1.79% 1.47% 1.35% 1.90% 2.44% 1.96% 1.52% 0.55% 0.73% 0.57%
Enterprise Value to Invested Capital (EV/IC)		 13.84 21.62 25.76 23.58 19.30 12.32 13.75 18.11 27.99 17.89 21.03
Enterprise Value to Revenue (EV/Rev)		 4.56 7.41 8.61 8.06 7.93 5.68 6.39 8.34 12.99 8.41 10.72
Enterprise Value to EBITDA (EV/EBITDA)		 21.38 38.70 47.79 50.14 55.86 42.73 52.42 65.51 96.57 67.04 83.71
Enterprise Value to EBIT (EV/EBIT)		 27.26 50.75 63.26 70.30 84.63 69.65 91.92 111.50 163.27 125.04 161.55
Enterprise Value to NOPAT (EV/NOPAT)		 29.62 54.59 70.14 79.00 57.46 46.74 56.81 70.72 225.35 159.21 221.85
Enterprise Value to Operating Cash Flow (EV/OCF)		 25.20 48.17 58.04 63.59 57.86 48.99 52.80 55.99 85.02 47.80 63.07
Enterprise Value to Free Cash Flow (EV/FCFF)		 57.74 145.62 246.69 1,405.10 1,841.88 0.00 0.00 0.00 28,130.30 215.63 665.03
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.07 0.05 0.04 0.08 0.08 0.08 0.12 0.11 0.11 0.10 0.09
Long-Term Debt to Equity		 0.03 0.03 0.02 0.04 0.04 0.04 0.08 0.08 0.08 0.07 0.07
Financial Leverage		 -0.39 -0.39 -0.39 -0.41 -0.39 -0.36 -0.37 -0.38 -0.38 -0.37 -0.37
Leverage Ratio		 1.86 1.81 1.77 1.76 1.73 1.71 1.70 1.71 1.67 1.67 1.66
Compound Leverage Factor		 1.92 1.93 1.91 2.00 1.97 2.08 1.98 1.94 1.90 3.51 2.07
Debt to Total Capital		 6.32% 5.16% 4.28% 7.46% 7.60% 7.60% 10.33% 9.82% 10.03% 9.08% 8.47%
Short-Term Debt to Total Capital		 3.07% 2.70% 2.68% 3.34% 3.45% 3.49% 3.02% 2.92% 3.00% 2.70% 2.39%
Long-Term Debt to Total Capital		 3.26% 2.45% 1.60% 4.12% 4.15% 4.11% 7.31% 6.89% 7.03% 6.38% 6.07%
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		 2.44% 2.28% 1.93% 1.75% 1.42% 1.14% 1.06% 0.99% 0.94% 0.92% 0.89%
Common Equity to Total Capital		 91.24% 92.57% 93.79% 90.79% 90.99% 91.26% 88.61% 89.19% 89.03% 90.00% 90.65%
Debt to EBITDA		 0.18 0.16 0.14 0.28 0.38 0.43 0.67 0.62 0.63 0.63 0.61
Net Debt to EBITDA		 -1.10 -1.20 -1.22 -1.41 -1.74 -1.71 -1.98 -2.10 -2.16 -2.45 -2.49
Long-Term Debt to EBITDA		 0.09 0.08 0.05 0.16 0.21 0.23 0.47 0.44 0.44 0.44 0.44
Debt to NOPAT		 0.25 0.23 0.20 0.45 0.39 0.47 0.72 0.67 1.46 1.49 1.61
Net Debt to NOPAT		 -1.52 -1.69 -1.80 -2.21 -1.79 -1.87 -2.14 -2.26 -5.04 -5.83 -6.60
Long-Term Debt to NOPAT		 0.13 0.11 0.08 0.25 0.21 0.25 0.51 0.47 1.02 1.05 1.16
Altman Z-Score		 7.97 12.03 14.59 13.70 12.59 9.12 9.85 11.72 17.63 11.52 13.60
Noncontrolling Interest Sharing Ratio		 3.34% 2.96% 2.60% 2.41% 1.98% 1.73% 1.55% 1.44% 1.27% 1.11% 1.07%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.53 1.57 1.59 1.69 1.73 1.72 1.91 1.84 2.02 2.00 2.04
Quick Ratio		 0.94 0.93 0.96 1.07 1.13 1.04 1.24 1.21 1.42 1.37 1.35
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2,471 -4,888 -6,130 -7,621 -5,450 -13,305 -11,579 -9,817 -4,250 -1,038 -2,278
Operating Cash Flow to CapEx		 176.43% 121.23% 148.79% 134.53% 189.42% 8.71% 158.98% 178.05% 173.17% 144.50% 106.10%
Free Cash Flow to Firm to Interest Expense		 -74.89 -168.56 -218.92 -200.55 -89.35 -175.07 -134.64 -106.70 -44.27 -11.41 -26.49
Operating Cash Flow to Interest Expense		 99.33 86.66 109.46 87.05 71.64 3.18 42.00 67.99 50.15 23.69 29.53
Operating Cash Flow Less CapEx to Interest Expense		 43.03 15.17 35.89 22.34 33.82 -33.36 15.58 29.80 21.19 7.30 1.70
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.13 1.13 1.18 1.14 1.02 0.97 0.94 0.91 0.85 0.82 0.77
Accounts Receivable Turnover		 33.49 32.44 34.02 40.71 29.96 27.54 26.54 33.31 24.65 24.96 24.48
Inventory Turnover		 6.52 6.28 6.57 6.40 5.98 5.12 5.49 5.62 6.26 5.30 5.32
Fixed Asset Turnover		 3.84 3.82 3.96 3.86 3.63 3.36 3.22 3.04 2.98 2.79 2.59
Accounts Payable Turnover		 4.80 4.89 5.57 5.53 5.33 5.09 5.54 5.56 5.96 5.59 5.83
Days Sales Outstanding (DSO)		 10.90 11.25 10.73 8.96 12.18 13.25 13.75 10.96 14.81 14.62 14.91
Days Inventory Outstanding (DIO)		 55.99 58.14 55.53 57.05 61.05 71.24 66.44 64.90 58.32 68.86 68.61
Days Payable Outstanding (DPO)		 76.12 74.72 65.47 66.03 68.48 71.76 65.92 65.68 61.19 65.29 62.65
Cash Conversion Cycle (CCC)		 -9.23 -5.33 0.79 -0.02 4.75 12.73 14.27 10.18 11.94 18.19 20.87
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 26,812 29,509 31,438 32,811 39,745 43,677 44,288 44,758 45,330 45,000 47,275
Invested Capital Turnover		 3.43 3.33 3.44 3.40 2.91 2.59 2.52 2.50 2.30 2.16 2.03
Increase / (Decrease) in Invested Capital		 6,102 7,304 8,265 9,241 12,933 14,168 12,850 11,947 5,585 1,323 2,987
Enterprise Value (EV)		 371,080 637,880 809,989 773,542 767,009 538,122 608,898 810,641 1,268,767 804,891 994,365
Market Capitalization		 388,972 656,425 829,681 794,197 789,898 558,823 631,078 835,814 1,296,350 833,593 1,023,169
Book Value per Share		 $14.16 $15.19 $16.13 $16.85 $19.70 $20.21 $20.84 $21.89 $22.71 $23.21 $23.99
Tangible Book Value per Share		 $14.03 $15.06 $15.99 $16.71 $19.57 $20.07 $20.71 $21.76 $22.59 $23.09 $23.87
Total Capital		 48,997 51,911 54,513 58,888 68,839 70,540 75,008 78,406 81,893 82,947 85,292
Total Debt		 3,099 2,676 2,331 4,393 5,230 5,360 7,745 7,696 8,213 7,529 7,220
Total Long-Term Debt		 1,597 1,272 872 2,426 2,857 2,899 5,481 5,405 5,757 5,292 5,180
Net Debt		 -19,086 -19,726 -20,744 -21,684 -23,864 -21,503 -22,975 -25,952 -28,350 -29,467 -29,562
Capital Expenditures (CapEx)		 1,858 2,073 2,060 2,459 2,307 2,777 2,272 3,513 2,780 1,492 2,394
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -6,475 -5,437 -5,333 -5,724 -5,853 -3,320 -3,208 -5,555 -4,568 -5,123 -3,617
Debt-free Net Working Capital (DFNWC)		 15,710 16,965 17,742 20,353 23,241 23,543 27,512 28,093 31,995 31,873 33,165
Net Working Capital (NWC)		 14,208 15,561 16,283 18,386 20,868 21,082 25,248 25,802 29,539 29,636 31,125
Net Nonoperating Expense (NNE)		 -76 -123 -479 -258 -460 -281 -223 -53 -997 -135 -481
Net Nonoperating Obligations (NNO)		 -19,086 -19,726 -20,744 -21,684 -23,864 -21,503 -22,975 -25,952 -28,350 -30,418 -30,797
Total Depreciation and Amortization (D&A)		 989 1,046 1,154 1,235 1,232 1,246 1,278 1,348 1,496 1,447 1,433
Debt-free, Cash-free Net Working Capital to Revenue		 -7.95% -6.32% -5.67% -5.97% -6.05% -3.50% -3.37% -5.72% -4.68% -5.35% -3.90%
Debt-free Net Working Capital to Revenue		 19.29% 19.72% 18.87% 21.22% 24.02% 24.85% 28.86% 28.92% 32.75% 33.30% 35.77%
Net Working Capital to Revenue		 17.44% 18.09% 17.32% 19.17% 21.56% 22.25% 26.49% 26.56% 30.24% 30.96% 33.57%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.18 $0.80 $0.85 $0.58 $2.50 $0.37 $0.46 $0.68 $0.72 $0.13 $0.36
Adjusted Weighted Average Basic Shares Outstanding		 3.13B 3.17B 3.17B 3.18B 3.17B 3.19B 3.19B 3.20B 3.20B 3.22B 3.22B
Adjusted Diluted Earnings per Share		 $1.18 $0.73 $0.78 $0.53 $2.50 $0.34 $0.42 $0.62 $0.66 $0.12 $0.33
Adjusted Weighted Average Diluted Shares Outstanding		 3.48B 3.47B 3.48B 3.49B 3.49B 3.48B 3.48B 3.50B 3.50B 3.52B 3.52B
Adjusted Basic & Diluted Earnings per Share		 $1.18 $0.00 $0.00 $0.00 $2.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 3.16B 3.17B 3.17B 3.18B 3.18B 3.19B 3.19B 3.21B 3.22B 3.22B 3.23B
Normalized Net Operating Profit after Tax (NOPAT)		 3,631 2,416 2,135 1,620 1,445 863 1,763 2,174 1,335 352 709
Normalized NOPAT Margin		 14.93% 10.35% 8.57% 6.94% 5.74% 4.05% 6.91% 8.63% 5.19% 1.82% 3.15%
Pre Tax Income Margin		 16.38% 12.00% 11.78% 8.76% 8.71% 7.29% 7.40% 11.06% 10.76% 3.05% 6.89%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 116.94 90.21 97.39 47.39 31.46 16.83 18.90 26.60 25.21 3.08 14.45
NOPAT to Interest Expense		 110.02 83.30 76.26 42.63 122.67 11.35 14.78 23.16 13.90 3.13 8.25
EBIT Less CapEx to Interest Expense		 60.64 18.72 23.82 -17.32 -6.36 -19.71 -7.52 -11.59 -3.75 -13.32 -13.38
NOPAT Less CapEx to Interest Expense		 53.72 11.82 2.68 -22.08 84.85 -25.19 -11.64 -15.03 -15.06 -13.27 -19.59
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 1.25% 1.27% 1.21% 1.34% 0.96% 1.02% 1.02% 0.90% 1.45% 1.56% 1.51%
Augmented Payout Ratio		 1.25% 1.27% 1.21% 1.34% 0.96% 1.02% 1.02% 0.90% 1.45% 1.56% 1.51%

Key Financial Trends

Tesla's financial performance over the past four years shows robust growth in revenue and profitability, alongside significant investments in property, plant, equipment, and strategic investments. Here is an analysis of key trends based on quarterly data:

  • Steady Revenue Growth: Tesla's quarterly operating revenue increased from approximately $16.9 billion in Q2 2022 to about $22.5 billion in Q2 2025, reflecting strong demand for its products and expansion efforts.
  • Increasing Net Income: Consolidated net income grew significantly from $2.27 billion in Q2 2022 to $1.19 billion in Q2 2025, with a peak of over $7.94 billion in Q4 2023, showing strong profit generation and improving margins over time.
  • Gross Profit Expansion: Total gross profit improved from approximately $4.2 billion in Q2 2022 to about $3.9 billion in Q2 2025, despite some fluctuations, indicating persistent cost management success alongside revenue growth.
  • Strong Operating Cash Flow: Net cash provided by continuing operating activities increased from $2.35 billion in Q2 2022 to $2.54 billion in Q2 2025, supporting Tesla's capacity to self-fund operations and investments.
  • Capital Investments Scaling Up: Purchases of property, plant, and equipment rose to $2.39 billion in Q2 2025 from around $2.06 billion in Q2 2024, reflecting Tesla's focus on capacity expansion and innovation.
  • Fluctuations in Investment Activities: Variability in purchases and sales of investments was notable, with large purchases offset partially by significant sales and maturities, resulting in net cash outflows from investing activities, indicating active portfolio management.
  • Debt Management: Tesla reduced net repayment of debt in Q2 2025 compared to prior quarters, but overall debt levels fluctuate with issuances and repayments demonstrating an active approach to capital structure management.
  • Dividend Payments: Payments of dividends remain modest but consistent, indicating shareholder returns are a component of financial strategy without large payout pressure.
  • Inventory Build-up: Inventories increased from $8.1 billion in Q1 2022 to about $14.6 billion by Q2 2025, which may signal overstocking risks or buildup to meet future demand but could pressure cash flow if not efficiently managed.
  • Decline in Cash & Equivalents: Despite strong cash flows, cash and equivalents showed some decreases quarter over quarter, with cash dropping to $15.6 billion in Q2 2025 from $18.3 billion in Q2 2022, partly due to heavy investment and financing outflows, highlighting a need to balance liquidity with growth initiatives.

Overall, Tesla displays strong topline and bottom-line growth with increasing operational cash flows supporting expansion. However, inventory levels and cash reserves management will be critical focus areas. Investors should watch for efficient working capital management and capital allocation to maintain momentum.

08/28/25 09:35 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

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 10 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 -$294.04 million in 2014. The previous period was $14.97 billion in 2023. View Tesla's forecast to see where analysts expect Tesla to go next.

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 10 years?

Over the last 10 years, Tesla's total revenue changed from $3.20 billion in 2014 to $97.69 billion in 2024, a change of 2,954.4%.

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 895.5% increase since 2014.

How much cash does Tesla have?

In the past 10 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 10 years?

Over the last 10 years, Tesla's book value per share changed from 7.27 in 2014 to 22.71 in 2024, a change of 212.4%.


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This page (NASDAQ:TSLA) was last updated on 8/28/2025 by MarketBeat.com Staff
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