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TSLA

NASDAQ · USD
Tesla, Inc.
Consumer Cyclical · Auto - Manufacturers
CEO Elon R. Musk Employees 134,785 R&D / revenue 6.8%
Last price
$354.72−2.13%last session
Market cap
$1.40T
P/E (TTM)
300.6x
From 52w high
−28.9%
From 52w low
+19.3%
1-year return
−17.3%
RSI 14 · vs SMA200
42.2 · −8.6%
IS score
46.0/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

TSLA   SPY   XLY (sector ETF) · weekly closes
708090100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLY 97TSLA 83

Score DNA

Each bar is a 0-100 score within the scored universe
16
Profitability
30
Growth
31
Value
62
Momentum
100
Risk (safety)
65
Quality
93
Balance sheet
75
Earnings quality

Flags

Strengths
✓ Net cash✓ Congress buying
Warnings
▲ Share count rising
Observations
Moat model: Narrow, Efficient ScalePiotroski 5 / 9Altman Z 16.1Beta 1.843 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
19 open-market sales, $13.3M
Form 144 notices (12m): 10, $87.0M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
7
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+106
302 new holders, 144 closed
4,293 filers hold 48.9% · 2,081 added, 1,379 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+443
2,152 funds adding shares
1,709 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
42.9%
20-day avg 49.0%, 50-day avg 51.3%
Latest 6.1 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$94.8B
Revenue growth YoY−2.9%
Gross margin18.0%
Operating income$4.4B
Operating margin4.6%
Net income$3.8B
Net margin4.0%
EPS (diluted)$1.08
Cash flow
Operating cash flow$14.7B
Capital expenditure$8.5B
Free cash flow$6.2B
FCF conversion (FCF / OCF)42.2%
Stock-based compensation$2.8B
FCF less SBC$3.4B
Buybacks$0
Dividends$0
Balance sheet & returns
Cash & short-term investments$44.1B
Total debt$8.4B
Net cash$35.7B
Shareholders' equity$82.9B
Goodwill & intangibles$392.0M
Debt / equity0.11
ROE (TTM)4.6%
ROIC (TTM)3.0%
Operating margin by fiscal year
12.1%FY202116.8%FY20229.2%FY20237.2%FY20244.6%FY2025
Revenue $53.8B (FY2021) to $94.8B (FY2025), a 15.2% CAGR.

Valuation

P/E (TTM)300.6x
EV / EBITDA116.0x
Price / sales13.52x
Price / FCF243.1x
FCF yield0.41%
Buyback yield0.00%
SBC / revenue3.7%
Price / book14.22x
Forward P/E FY2026209.6x
Forward P/E FY2027156.3x
Forward P/E FY2028112.2x
Forward multiples divide today's price by Street EPS estimates. Street mean target $441.60 across 15 analysts last quarter is theirs, not ours.

TSLA vs industry median

108 companies in Auto - Manufacturers
Gross margin 18.9% 15.2% Operating margin 4.2% 1.3% Net margin 3.7% -0.7% ROIC 3.0% 1.7%
TSLA (TTM)Industry median Asset turnover 0.70 vs industry 0.56 · financial leverage 1.71

Earnings delivery

Next report 2026-10-21 · consensus EPS $0.45
33%
beat rate, 4 of 12 quarters
−7.0%
median EPS surprise
2
longest beat streak
-8-5-12-16+24-6-35+1-10+10+16-34
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-18 to 2026-07-22. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
TSLA Tesla, Inc. $1.40T300.6x4.6%3.7%−2.9% −17.3%
AMZN Amazon.com, Inc. $2.70T19.8x30.6%31.2%+15.8% +16.6%
HD The Home Depot, Inc. $308.9B21.6x104.3%10.0%+2.5% −19.6%
MCD McDonald's Corporation $171.9B19.7x-464.6%33.3%+6.3% −20.0%
TJX The TJX Companies, Inc. $162.0B27.2x62.2%10.0%+7.7% +3.6%
BKNG Booking Holdings Inc. $122.8B18.0x-82.7%26.5%+12.9% —
SBUX Starbucks Corporation $111.2B56.0x-25.8%11.2%+4.5% —
LOW Lowe's Companies, Inc. $110.7B16.7x-70.5%9.2%+8.2% —
12-month window: SPY +15.9%, sector ETF XLY −3.2%. Past returns describe history only.

Recent 8-K filings

2026-10-02Earnings Release; Exhibits
2026-09-29Material Agreement; Termination of Agreement; Financial Obligation; Exhibits
2026-07-22Earnings Release; Exhibits
2026-07-02Earnings Release; Exhibits
2026-04-22Earnings Release; Exhibits
2026-04-02Earnings Release; Exhibits

Context

Shares outstanding3,949,547,394
Free float71.4%
Institutional ownership48.9%
Beta1.84
Dividend yield0.00%
Last dividendNone on file
50 / 200-day average$358.76 / $388.49
Mega-cap Consumer Cyclical median P/E26.2x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where TSLA sits among 9 scored companies in Auto - Manufacturers (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureTSLAIndustry medianIndustry percentileSector median
P/E (TTM) 366.9x — 17.7x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 13.5x 0.6x
100th		 1.0x
Price / book 16.1x 1.4x
100th		 2.4x
Price / tangible book 17.1x 1.6x
100th		 4.2x
Price / free cash flow 243.1x — 15.2x
Price / operating cash flow 75.0x — 10.2x
Enterprise value $1.37T $5.8B
100th		 $5.6B
EV / sales 13.2x 1.2x
100th		 1.4x
EV / EBITDA 113.6x — 11.4x
EV / EBIT 246.2x — 16.0x
EV / free cash flow 237.2x — 21.0x
Earnings yield 0.3% -14.9%
62nd		 4.8%
FCF yield 0.4% -2.2%
57th		 5.9%
Operating cash flow yield 1.3% 0.7%
57th		 9.3%
Graham number (per share) $24.40 — $33.39

Profitability (TTM)

MeasureTSLAIndustry medianIndustry percentileSector median
Gross margin 18.9% 8.7%
75th		 34.2%
EBITDA margin 11.6% -0.9%
100th		 11.7%
Operating margin 4.2% 1.0%
75th		 8.7%
EBIT margin 5.4% -4.4%
88th		 8.2%
Net margin 3.7% -3.9%
75th		 4.9%
NOPAT margin 3.1% 1.0%
75th		 6.8%
FCF margin 5.6% -3.2%
75th		 6.5%
Operating cash flow margin 18.0% -0.0%
100th		 10.4%
R&D / revenue 7.5% 1.4%
62nd		 0.0%
SG&A / revenue 6.8% 23.6%
25th		 17.2%
Stock comp / revenue 3.7% 0.3%
71st		 0.6%
Effective tax rate 25.9% 21.0%
88th		 22.4%

Returns on capital

MeasureTSLAIndustry medianIndustry percentileSector median
ROE (on average equity) 4.7% 3.0%
67th		 12.8%
ROA 2.8% -2.6%
88th		 4.4%
ROIC 6.1% 1.7%
75th		 9.3%
ROCE 4.9% 4.9%
62nd		 9.9%
Return on tangible assets 4.0% -2.9%
88th		 7.4%
Cash ROIC (OCF / invested capital) 35.5% 5.0%
100th		 14.4%
Gross profitability (GP / assets) 13.2% 3.8%
75th		 31.6%
ROIC, 3-yr average 14.3% 2.7%
86th		 7.4%
ROIC, 5-yr average 72.0% 4.6%
100th		 9.1%
ROE, 5-yr average 16.2% 6.2%
83rd		 15.8%
Incremental ROIC -21.8% 1.2%
0th		 11.2%

Growth

MeasureTSLAIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 11.8% 12.6%
43rd		 6.0%
Revenue growth (QoQ) 26.1% 11.7%
75th		 6.6%
Revenue CAGR, 3 yr 3.3% 3.5%
29th		 3.0%
Revenue CAGR, 5 yr 19.9% 11.2%
80th		 5.9%
Gross profit CAGR, 3 yr -1.1% -1.1%
50th		 3.3%
Operating income CAGR, 3 yr -29.8% — 2.1%
Net income growth (TTM YoY) -37.0% — 4.7%
Net income CAGR, 3 yr -32.1% — 1.4%
EPS growth (TTM YoY) -37.4% — 7.6%
EPS CAGR, 3 yr -32.5% — 3.4%
EPS CAGR, 5 yr 11.3% — 2.9%
FCF growth (TTM YoY) 3.2% — 26.3%
FCF CAGR, 3 yr -2.2% — 6.5%
Operating cash flow CAGR, 3 yr 10.2% — 6.7%
Book value CAGR, 3 yr 18.6% 9.3%
83rd		 8.1%
Dividend CAGR, 3 yr —
Sustainable growth rate 4.6% — 12.2%

Margin history & stability

MeasureTSLAIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 18.0% 9.1%
71st		 34.9%
Operating margin, 3-yr average 5.7% 3.1%
71st		 8.0%
Net margin, 3-yr average 7.8% 1.6%
86th		 4.8%
FCF margin, 3-yr average 4.5% 2.7%
71st		 5.7%
Revenue stability (0-1) 0.76 0.87
29th		 0.80
Earnings stability (0-1) 0.00 0.73
0th		 0.43
Margin stability (0-1) 0.89 0.66
100th		 0.92

Liquidity (latest quarter)

MeasureTSLAIndustry medianIndustry percentileSector median
Cash & short-term investments $43.5B $1.9B
100th		 $278.1M
Net cash (− = net debt) $34.2B −$704.6M
100th		 −$1.2B
Working capital $33.3B $2.2B
100th		 $298.0M
Current ratio 1.94 1.14
88th		 1.49
Quick ratio 1.55 0.93
75th		 0.92
Cash ratio (cash + ST investments / current liabilities) 1.23 0.31
88th		 0.31
Defensive interval (days) 1,146 days 532 days
62nd		 290 days

Leverage & solvency (latest quarter)

MeasureTSLAIndustry medianIndustry percentileSector median
Total debt $9.3B $5.4B
75th		 $1.8B
Debt / equity 0.11 1.04
0th		 1.04
Net debt / equity −0.39 0.13
0th		 0.78
Debt / assets 6.3% 43.7%
0th		 39.7%
Debt / capital 9.7% 51.1%
0th		 51.0%
Debt / EBITDA 0.78 — 3.26
Net debt / EBITDA −2.84 — 2.42
Interest coverage (EBIT / interest) 16.6x −6.0x
88th		 5.1x
Cash interest coverage 55.9x −0.0x
100th		 6.0x
Debt payback (years of OCF) 0.5 yrs — 3.8 yrs
Liabilities / assets 41.1% 76.0%
0th		 68.1%
IS credit model rating AAA — —
Implied credit spread (bps) 50 750
0th		 275

Efficiency

MeasureTSLAIndustry medianIndustry percentileSector median
Asset turnover 0.75 0.65
88th		 1.00
Fixed asset turnover 1.79 2.15
25th		 3.73
Inventory turnover 5.9 5.5
75th		 5.3
Receivables turnover 26.1 8.9
88th		 19.9
Days sales outstanding 14 days 41 days
12th		 18 days
Days inventory outstanding 61 days 66 days
25th		 68 days
Days payables outstanding 62 days 58 days
75th		 42 days
Cash conversion cycle (days) 13 days 51 days
12th		 44 days
Capex / revenue 12.5% 5.6%
62nd		 3.1%
Capex / depreciation 2.00 2.00
50th		 0.89
Operating expense ratio 15.4% 21.0%
38th		 24.8%

Cash flow & earnings quality

MeasureTSLAIndustry medianIndustry percentileSector median
Operating cash flow / net income 4.89 — 1.76
FCF / net income 1.51 — 1.18
FCF / operating cash flow 30.8% — 70.1%
Capex / operating cash flow 69.2% — 29.9%
Accruals ratio -10.7% -7.4%
12th		 -5.7%
Sloan accruals ratio -3.1% -7.1%
62nd		 -3.6%
Earnings quality score (0-1) 0.75 — 0.75

Dividends & buybacks

MeasureTSLAIndustry medianIndustry percentileSector median
Dividend yield 0.0% 0.0%
0th		 0.8%
Dividend per share (TTM) $0.00 $0.00
0th		 $0.40
Payout ratio (dividends / net income) —
Dividends / FCF —
Dividend growth (YoY) —
Buyback yield 0.0% 0.0%
0th		 1.6%
Shareholder yield (dividends + buybacks) -0.0% 0.0%
0th		 3.7%
Share count change (YoY) 0.6% 4.2%
43rd		 -0.9%
Buybacks, last 5 years $0 $0
0th		 $198.3M

Scores & forensic checks

MeasureTSLAIndustry medianIndustry percentileSector median
IS score 46 21
88th		 50
IS profitability 16 5
75th		 38
IS growth 30 43
29th		 53
IS value 31 40
25th		 50
IS momentum 62 53
71st		 72
IS risk (safety) 100 15
88th		 65
IS quality 65 40
88th		 63
IS balance sheet 93 30
100th		 48
IS earnings quality 75 55
88th		 77
IS cash flow 52 30
75th		 56
Piotroski F-score (0-9) 5 5
50th		 6
Altman Z-score 16.1 0.8
100th		 2.8
Beneish M-score −2.65 −2.78
57th		 −2.69
Ohlson O-score −10.10 −6.30
0th		 −6.83
IS credit score 96 28
100th		 58

Per share

MeasureTSLAIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $1.08 −$1.64
62nd		 $2.05
Book value per share $24.54 $8.96
75th		 $14.46
Tangible book per share $25.12 $6.28
75th		 $3.70
Revenue per share $29.27 $29.27
50th		 $46.29
FCF per share $1.63 −$1.23
62nd		 $2.72
Operating cash flow per share $5.28 −$0.00
88th		 $4.86
Cash per share $12.29 $6.69
75th		 $3.59

Size (TTM)

MeasureTSLAIndustry medianIndustry percentileSector median
Market cap $1.40T $2.8B
100th		 $3.6B
Revenue $103.6B $4.1B
75th		 $3.9B
EBITDA $12.0B −$952.6M
88th		 $442.3M
Net income $3.8B −$1.1B
100th		 $178.6M
Free cash flow $5.8B −$133.1M
75th		 $206.3M
Total assets $148.5B $7.7B
75th		 $4.4B
Shareholders' equity $86.9B $3.1B
100th		 $957.6M
Employees 134,785 9,000
75th		 12,300

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-08Taneja Vaibhav
Chief Financial Officer
 Open-market sale 2,606$360.13$938,41925,972
2026-09-05Taneja Vaibhav
Chief Financial Officer
 Option exercise 6,539——28,578
2026-09-05Taneja Vaibhav
Chief Financial Officer
 Option exercise 6,539——52,305
2026-06-16Musk Elon
Director, 10 percent owner, CEO
 Tax withholding 17,531,857$404.66$7.1B710,172,677
2026-06-08Taneja Vaibhav
Chief Financial Officer
 Open-market sale 2,606$402.20$1.0M22,039
2026-06-05Taneja Vaibhav
Chief Financial Officer
 Option exercise 6,538——24,644
2026-06-05Taneja Vaibhav
Chief Financial Officer
 Option exercise 6,538——58,844
2026-05-13Taneja Vaibhav
Chief Financial Officer
 Open-market sale 3,000$450.00$1.4M18,106
2026-05-13Taneja Vaibhav
Chief Financial Officer
 Option exercise 2,000$18.22$36,440711,920
2026-05-13Taneja Vaibhav
Chief Financial Officer
 Option exercise 2,000$18.22$36,44021,106
2026-05-13Taneja Vaibhav
Chief Financial Officer
 Option exercise 1,000$18.44$18,44019,106
2026-05-13Taneja Vaibhav
Chief Financial Officer
 Option exercise 1,000$18.44$18,4402,390

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Open-market saleDisposed1934,620$13.3M
Option exerciseAcquired557,025$668,691
Option exerciseDisposed557,025$668,691
Return to issuerDisposed196,000,000—
Tax withholdingDisposed117,531,857$7.1B
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 10 notices · 207,883 shares · $87.0M
FiledFilerShares proposedEst. proceeds
2026-09-08Vaibhav Taneja2,606$938,509
2026-06-08Vaibhav Taneja2,606$1.0M
2026-05-13Vaibhav Taneja3,000$1.3M
2026-04-30Kathleen Wilson-Thompson26,409$9.8M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 17 trades (11 purchases) · Senate 1 (1 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-11Ro KhannaHousePurchase$15,001 - $50,0002026-10-09
2026-09-04Ro KhannaHousePurchase$15,001 - $50,0002026-10-09
2026-08-18Gilbert CisnerosHouseSale$1,001 - $15,0002026-09-11
2026-03-27Alan ArmstrongSenatePurchase$15,001 - $50,0002026-07-21
2024-10-28Sheldon WhitehouseSenateSale (Full)$15,001 - $50,0002024-11-07
2024-10-28Sheldon WhitehouseSenateSale (Full)$100,001 - $250,0002024-11-07
2024-10-28Sheldon WhitehouseSenateSale (Full)$100,001 - $250,0002024-11-06
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.214,123,129$90.1B5.42%
VANGUARD CAPITAL MANAGEMENT LLC184,023,551$77.4B4.66%
STATE STREET CORP117,456,756$49.4B2.97%
GEODE CAPITAL MANAGEMENT, LLC68,914,720$28.9B1.74%
Invesco Ltd.55,464,442$23.3B1.40%
VANGUARD PORTFOLIO MANAGEMENT LLC49,550,535$20.8B1.25%
Capital World Investors45,735,669$19.2B1.16%
FMR LLC39,766,224$16.7B1.01%
NORGES BANK38,812,422$16.3B0.98%
JPMORGAN CHASE & CO34,638,107$14.3B0.88%
GOLDMAN SACHS GROUP INC31,060,669$13.1B0.79%
PRICE T ROWE ASSOCIATES INC /MD/25,141,239$10.6B0.64%
MORGAN STANLEY22,534,345$9.5B0.57%
NORTHERN TRUST CORP21,507,850$9.0B0.54%
Legal & General Group Plc20,293,894$8.5B0.51%

Institutional ownership by quarter

2023-092026-0648.9%
% of shares held by 13F filers
2023-092026-064,293
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-304,29348.9%3022,0811,379144
2026-03-314,18745.6%2012,0441,443265
2025-12-314,32946.4%5921,8771,395118
2025-09-303,94544.7%4261,6871,437111
2025-06-303,70045.4%3471,8701,208144
2025-03-313,54444.7%2261,7251,389476
2024-12-313,87443.8%8941,4391,252104
2024-09-303,15442.2%3781,2611,182120
2024-06-302,93441.5%2931,2491,105171
2024-03-312,85940.2%1771,1811,229390
2023-12-313,12039.9%3951,2731,089126
2023-09-302,90139.2%1831,408921124

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-06-17SCHEDULE 13G/AElon R. Musk19.9%699,580,882
2026-04-23SCHEDULE 13G/AElon R. Musk20.3%717,112,739
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-11-10SCHEDULE 13G/AElon R. Musk20.3%717,323,438
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX1.36%$31.8B
VTI1.36%$31.8B
VTSAX1.36%$31.8B
VSMPX1.36%$31.8B
VOO1.52%$26.3B
VFIAX1.52%$26.3B

Share structure

Shares outstanding3,949,547,394
Float2,819,186,930
Free float71.4%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$53.8B$81.5B$96.8B$97.7B$94.8B
Cost of revenue$40.2B$60.6B$79.1B$80.2B$77.7B
Gross profit$13.6B$20.9B$17.7B$17.4B$17.1B
R&D$2.6B$3.1B$4.0B$4.5B$6.4B
SG&A$4.5B$3.9B$4.8B$5.2B$5.8B
Operating income$6.5B$13.7B$8.9B$7.1B$4.4B
EBITDA$9.6B$17.7B$14.8B$14.7B$11.8B
Pretax income$6.3B$13.7B$10.0B$9.0B$5.3B
Income tax$699.0M$1.1B−$5.0B$1.8B$1.4B
Net income$5.5B$12.6B$15.0B$7.1B$3.8B
EPS, diluted$1.63$3.62$4.31$2.04$1.08
Diluted shares3.4B3.5B3.5B3.5B3.5B

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$17.7B$22.2B$29.1B$36.6B$44.1B
Receivables$1.9B$3.0B$3.5B$4.4B$4.6B
Inventory$5.8B$12.8B$13.6B$12.0B$12.4B
Total current assets$27.1B$40.9B$49.6B$58.4B$68.6B
PP&E, net$31.2B$36.6B$45.1B$51.5B$40.6B
Goodwill & intangibles$1.7B$593.0M$615.0M$1.5B$392.0M
Total assets$62.1B$82.3B$106.6B$122.1B$137.8B
Accounts payable$10.0B$15.3B$14.4B$12.5B$13.4B
Total current liabilities$19.7B$26.7B$28.7B$28.8B$31.7B
Long-term debt$4.3B$1.0B$2.7B$5.5B$6.7B
Total liabilities$30.5B$36.4B$43.0B$48.4B$54.9B
Shareholders' equity$31.6B$45.9B$63.6B$73.7B$82.9B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$5.5B$12.6B$15.0B$7.2B$3.9B
Depreciation & amortization$2.9B$3.5B$4.7B$5.4B$6.1B
Stock-based compensation$2.1B$1.6B$1.8B$2.0B$2.8B
Change in working capital$667.0M−$3.7B−$2.2B$81.0M$642.0M
Operating cash flow$11.5B$14.7B$13.3B$14.9B$14.7B
Capital expenditure−$8.0B−$7.2B−$8.9B−$11.3B−$8.5B
Free cash flow$3.5B$7.6B$4.4B$3.6B$6.2B
Investing cash flow−$7.9B−$12.0B−$15.6B−$18.8B−$15.5B
Net debt issued / repaid−$5.7B−$3.9B$2.1B$2.9B−$3.2B
Buybacks$0$0$0$0$0
Dividends paid$0$0$0$0$0

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin25.3%25.6%18.2%17.9%18.0%
Operating margin12.1%16.8%9.2%7.2%4.6%
Net margin10.3%15.4%15.5%7.4%4.0%
FCF margin6.5%9.3%4.5%3.7%6.6%
ROE21.1%33.6%27.9%10.7%4.9%
ROIC27.2%44.3%31.0%11.3%6.8%
ROA9.7%17.4%15.9%6.4%2.9%
Debt / equity0.290.130.150.190.10
Interest coverage18.1x72.8x64.9x26.7x16.6x
Current ratio1.381.531.732.022.16
Revenue growth+70.7%+51.4%+18.8%+0.9%−2.9%
EPS growth+556.0%+182.5%+18.6%−51.9%−48.1%
P/E at year end274.8x34.0x57.9x195.3x419.5x
EV / EBITDA at year end156.6x23.3x57.3x95.0x132.3x
FCF yield at year end0.23%1.76%0.50%0.25%0.39%
Dividend payout0.0%0.0%0.0%0.0%0.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Automotive$47.2B$71.5B$82.4B$77.1B$69.5B
Energy Generation And Storage Segment$2.8B$3.9B$6.0B$10.1B$12.8B
Services And Other$3.8B$6.1B$8.3B$10.5B$12.5B

Revenue by region · FY2025

UNITED STATES$47.6B · 50%
Other Countries$26.2B · 28%
CHINA$21.0B · 22%

Street estimates by fiscal year

Next report 2026-10-21 · consensus EPS $0.45 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$107.1B$102.2B – $112.6B$1.69$1.41 – $2.1723209.6x
2027$121.1B$111.5B – $127.0B$2.27$1.41 – $3.6823156.3x
2028$143.7B$115.4B – $198.9B$3.16$1.49 – $7.6418112.2x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-22$0.50$0.33−34.0%$26.4B$28.2B+6.9%
2026-04-22$0.35$0.41+15.9%$22.1B$22.4B+1.3%
2026-01-28$0.45$0.50+9.9%$24.8B$24.9B+0.5%
2025-10-22$0.56$0.50−10.4%$26.5B$28.1B+5.9%
2025-07-23$0.40$0.40+0.7%$22.3B$22.5B+1.0%
2025-04-22$0.41$0.27−34.7%$21.3B$19.3B−9.1%
2025-01-29$0.77$0.73−5.7%$27.3B$25.7B−5.7%
2024-10-23$0.58$0.72+24.1%$25.5B$25.2B−1.1%
2024-07-23$0.62$0.52−16.1%$24.5B$25.5B+3.9%
2024-04-23$0.51$0.45−11.8%$22.2B$21.3B−4.1%
2024-01-24$0.75$0.71−5.3%$25.5B$25.2B−1.5%
2023-10-18$0.72$0.66−8.3%$24.1B$23.4B−3.1%
2023-07-19$0.82$0.91+11.0%$24.5B$24.9B+1.8%
2023-04-19$0.85$0.850.0%$23.3B$23.3B+0.2%
2023-01-25$1.13$1.19+5.3%$24.7B$24.3B−1.4%
2022-10-19$0.99$1.05+6.1%$22.0B$21.5B−2.4%
2022-07-20$0.60$0.76+26.7%$16.5B$16.9B+2.4%
2022-04-20$0.75$1.07+42.7%$17.9B$18.8B+5.0%
2022-01-26$0.79$0.85+7.6%$15.7B$17.7B+12.5%
2021-10-20$0.53$0.62+17.0%$13.1B$13.8B+4.6%
2021-07-26$0.33$0.48+45.5%$8.6B$12.0B+38.3%
2021-04-26$0.26$0.31+19.2%$10.0B$10.4B+4.1%
2021-01-27$0.30$0.27−10.0%$10.2B$10.7B+5.4%
2020-10-21$0.18$0.25+38.9%$6.8B$8.8B+28.8%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
9.206-1511.506-2212.306-2910.707-067.807-1314.607-209.507-278.008-037.108-108.808-177.808-2412.608-31
Week ofNotionalSharesTrades
2026-08-31$12.6B34,761,534787,851
2026-08-24$7.8B22,084,936551,040
2026-08-17$8.8B25,321,486580,457
2026-08-10$7.1B21,341,455529,791
2026-08-03$8.0B24,856,446604,743
2026-07-27$9.5B30,894,884702,819

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1542.9%
DateShort shareShort volumeTotal volume
2026-10-1542.9%6,009,72714,007,692
2026-10-1441.0%5,887,87914,360,369
2026-10-1339.7%3,646,8199,176,391
2026-10-1239.5%3,747,7869,480,942
2026-10-0945.4%8,882,24919,581,972
2026-10-0845.1%5,575,30712,357,460
2026-10-0745.5%5,737,48112,621,836
2026-10-0641.1%5,370,15113,056,169
2026-10-0548.0%9,772,39420,375,529
2026-10-0244.0%10,560,76424,014,680
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+6.5Jan-0.7Feb-0.8Mar+5.5Apr+7.1May+9.4Jun+3.1Jul+6.0Aug+3.7Sep+1.5Oct+9.5Nov+1.3Dec
MonthAvg returnUp yearsYears
Jan+6.5%56%16
Feb−0.7%38%16
Mar−0.8%44%16
Apr+5.5%67%15
May+7.1%47%15
Jun+9.4%75%16
Jul+3.1%50%16
Aug+6.0%50%16
Sep+3.7%62%16
Oct+1.5%38%16
Nov+9.5%62%16
Dec+1.3%56%16
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1442.2
MFI41.4
ADX14.1
Stochastic %K / %D36.5 / 51.2
Williams %R-79.3
CCI-95
TSI / signal3.5 / 7.9
Chaikin money flow-0.07
ATR$11.85
Bollinger width10.9%
Volume vs 20-day avg1.79x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$370.33 (−4.2%)
SMA 50$359.46 (−1.3%)
SMA 200$387.99 (−8.6%)
EMA 21$367.92 (−3.6%)
EMA 50$365.36 (−2.9%)
EMA 200$377.29 (−6.0%)
Bollinger upper$390.53 (−9.2%)
Bollinger lower$350.14 (+1.3%)
Parabolic SAR$387.89 (−8.6%)
Open the live chart, 110+ indicators

About Tesla, Inc.

Tesla, Inc. operates globally, specializing in the creation, production, and distribution of electric vehicles, alongside comprehensive energy generation and storage solutions. Its market reach extends across the United States, China, and various other international regions. The company's operations are primarily divided into two main segments: its Automotive business and its Energy Generation and Storage division. Within its Automotive division, Tesla not only provides a range of electric cars but also generates revenue from selling automotive regulatory credits. This segment further encompasses a variety of post-sale services, including non-warranty vehicle support, sales of pre-owned vehicles, various retail products, and car insurance offerings. Customers can acquire Tesla's sedans and sport utility vehicles through direct sales, purchases of used vehicles, or via in-app upgrades often facilitated by the extensive Tesla Supercharger network. The company supports these acquisitions with financing and leasing options. Furthermore, it ensures vehicle upkeep through its proprietary service centers and a fleet of mobile technicians, complemented by both standard and extended vehicle warranty programs. The Energy Generation and Storage segment focuses on the development, manufacturing, setup, sale, and rental of solar power systems and energy storage products, along with associated services. This caters to a diverse clientele, spanning residential users, commercial enterprises, industrial entities, and public utilities. Distribution channels include Tesla's online platform, physical stores, galleries, and a network of collaborative partners. The company also offers servicing and repairs for its energy products, including warranty support, and provides multiple financing avenues for those investing in its solar solutions. Founded in 2003, the corporation was initially named Tesla Motors, Inc., before officially rebranding to Tesla, Inc. in February 2017. Its corporate headquarters are situated in Austin, Texas.

https://www.tesla.com

Key executives

NameTitlePayBorn
Vaibhav TanejaChief Financial Officer$403,0001978
Xiaotong ZhuSenior Vice President of APAC & Global Vehicle Manufacturing$376,3221980
John WalkerVice President of Sales - North America$121,5501963
Elon R. MuskCo-Founder, Technoking of Tesla, Chief Executive Officer & Director—1971
Lars MoravyVice President of Vehicle Engineering——
Rodney D. Westmoreland Jr.Director of Construction Management——
Roxanne Inskip-KayeHead of Operations - Electric Vehicle Business——
Travis AxelrodHead of Investor Relations——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Elon Musk, Technoking of Tesla and Chief Executive Officer2025$0$0$0$113,810

Employees

49k201848k201971k202099k2021128k2022140k2023126k2024135k2025

Dividends

Ex-dateAmountPaid
None on file.

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage73
Intangibles64
Switching costs42
Network effect50
Efficient scale90
Our component scores (0-100) and overall 62.1; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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