Tesla, Inc. (TSLA) 10-Year Financial Performance & Capital Metrics

TSLA •

Consumer CyclicalAuto ManufacturersElectric-only passenger car makers

AboutTesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, retail merchandise, and vehicle insurance services. This segment also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; purchase financing and leasing services; services for electric vehicles through its company-owned service locations and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners; and provision of service and repairs to its energy product customers, including under warranty, as well as various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.Show more

Revenue $94.83B -2.9%
EBITDA $10.5B -15.6%
Net Income $3.79B -46.8%
EPS (Diluted) 1.08 -47.0%
Gross Margin 18.03% +0.9%
EBITDA Margin 11.08% -13.0%
Operating Margin 4.59% -36.6%
Net Margin 4% -45.2%
ROE 4.85% -53.3%
ROIC 4.48% -46.0%
Debt/Equity 0.10 -45.3%
Interest Coverage 12.88 -36.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 39.4%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 24.6%
✓Healthy 5Y average net margin of 10.5%

✗Weaknesses

✗Expensive at 17.2x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y37.09%

5Y24.63%

3Y5.19%

TTM-2.93%

Profit (Net Income) CAGR

10Y-

5Y39.39%

3Y-32.94%

TTM-47.82%

EPS CAGR

10Y-

5Y38.75%

3Y-33.18%

TTM-48.31%

ROCE

10Y Avg5.96%

5Y Avg14.01%

3Y Avg8.65%

Latest4.37%

Peer Comparison

Electric-only passenger car makers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TSLATesla, Inc.	1.51T	402.51	372.69	-2.93%	4%	4.58%	0.41%	0.10
LILi Auto Inc.	35.32B	17.59	16.00	16.71%	3.59%	6.16%	3.39%	0.23
CJETChijet Motor Company, Inc.	11.38M	2.08	-0.00	-27.08%	-7.01%
FFAIFaraday Future Intelligent Electric Inc.	100.53M	0.49	-0.03	-31.25%	-745.17%	-207.37%		0.86
LCIDLucid Group, Inc.	3.27B	10.00	-0.83	-100%	-324.65%	-376.15%		1.20
ZKZEEKR Intelligent Technology Holding Limited	6.85B	26.73	-0.98	46.91%	-3.68%		21.67%
AIEVThunder Power Holdings, Inc.	7M	0.14	-2.30			-32.68%		0.00
VFSVinFast Auto Ltd.	7.62B	3.26	-2.57	57.87%	-137.04%

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	7B	11.76B	21.46B	24.58B	31.54B	53.82B	81.46B	96.77B	97.69B	94.83B
Revenue Growth %	73.01%	67.98%	82.51%	14.52%	28.31%	70.67%	51.35%	18.8%	0.95%	-2.93%
Cost of Goods Sold+	5.4B	9.54B	17.42B	20.51B	24.91B	40.22B	60.61B	79.11B	80.24B	77.73B
COGS % of Revenue	77.15%	81.1%	81.17%	83.44%	78.98%	74.72%	74.4%	81.75%	82.14%	81.97%
Gross Profit+	1.6B	2.22B	4.04B	4.07B	6.63B	13.61B	20.85B	17.66B	17.45B	17.09B
Gross Margin %	22.85%	18.9%	18.83%	16.56%	21.02%	25.28%	25.6%	18.25%	17.86%	18.03%
Gross Profit Growth %	73.17%	39%	81.83%	0.67%	62.94%	105.22%	53.26%	-15.31%	-1.19%	-2.04%
Operating Expenses+	2.27B	3.85B	4.43B	4B	4.64B	7.11B	7.2B	8.77B	10.37B	12.74B
OpEx % of Revenue	32.38%	32.78%	20.64%	16.27%	14.7%	13.21%	8.83%	9.06%	10.62%	13.43%
Selling, General & Admin	1.43B	2.48B	2.83B	2.65B	3.15B	4.52B	3.95B	4.8B	5.15B	5.83B
SG&A % of Revenue	20.46%	21.06%	13.21%	10.77%	9.97%	8.39%	4.84%	4.96%	5.27%	6.15%
Research & Development	834.41M	1.38B	1.46B	1.34B	1.49B	2.59B	3.08B	3.97B	4.54B	6.41B
R&D % of Revenue	11.92%	11.72%	6.8%	5.46%	4.73%	4.82%	3.77%	4.1%	4.65%	6.76%
Other Operating Expenses	0	0	134.63M	11M	0	0	176M	0	684M	494M
Operating Income+	-667.34M	-1.63B	-388M	-69M	1.99B	6.52B	13.66B	8.89B	7.08B	4.36B
Operating Margin %	-9.53%	-13.88%	-1.81%	-0.28%	6.32%	12.12%	16.76%	9.19%	7.24%	4.59%
Operating Income Growth %	6.88%	-144.55%	76.23%	82.22%	2989.86%	227.13%	109.35%	-34.89%	-20.41%	-38.45%
EBITDA+	279.76M	4M	1.51B	2.08B	4.32B	9.43B	17.4B	13.56B	12.44B	10.5B
EBITDA Margin %	4%	0.03%	7.05%	8.48%	13.69%	17.53%	21.36%	14.01%	12.74%	11.08%
EBITDA Growth %	195.14%	-98.57%	37725%	37.81%	107%	118.58%	84.47%	-22.09%	-8.22%	-15.6%
D&A (Non-Cash Add-back)	947.1M	1.64B	1.9B	2.15B	2.32B	2.91B	3.75B	4.67B	5.37B	6.15B
EBIT	-547.54M	-1.74B	-342M	20M	1.9B	6.71B	13.91B	10.13B	9.34B	5.62B
Net Interest Income+	-190.28M	-452M	-639M	-641M	-718M	-315M	106M	910M	1.22B	1.34B
Interest Income	8.53M	19M	24M	44M	30M	56M	297M	1.07B	1.57B	1.68B
Interest Expense	198.81M	471M	663M	685M	748M	371M	191M	156M	350M	338M
Other Income/Expense	-79.01M	-577M	-617M	-596M	-840M	-180M	63M	1.08B	1.91B	923M
Pretax Income+	-746.35M	-2.21B	-1B	-665M	1.15B	6.34B	13.72B	9.97B	8.99B	5.28B
Pretax Margin %	-10.66%	-18.79%	-4.68%	-2.71%	3.66%	11.78%	16.84%	10.31%	9.2%	5.57%
Income Tax+	26.7M	32M	58M	110M	292M	699M	1.13B	-5B	1.84B	1.42B
Effective Tax Rate %	90.43%	88.82%	97.11%	129.62%	62.48%	87.09%	91.72%	150.4%	79.31%	71.88%
Net Income+	-674.91M	-1.96B	-976M	-862M	721M	5.52B	12.58B	15B	7.13B	3.79B
Net Margin %	-9.64%	-16.69%	-4.55%	-3.51%	2.29%	10.26%	15.45%	15.5%	7.3%	4%
Net Income Growth %	24.05%	-190.7%	50.25%	11.68%	183.64%	666.16%	127.79%	19.2%	-52.46%	-46.79%
Net Income (Continuing)	-773.05M	-2.24B	-1.06B	-775M	862M	5.64B	12.59B	14.97B	7.15B	3.85B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.15B	1.4B	1.39B	1.49B	1.45B	1.39B	1.19B	975M	767M	728M
EPS (Diluted)+	-0.31	-0.79	-0.38	-0.33	0.21	1.63	3.62	4.31	2.04	1.08
EPS Growth %	32.61%	-154.84%	51.9%	13.16%	163.64%	676.19%	122.09%	19.06%	-52.71%	-47.01%
EPS (Basic)	-0.31	-0.79	-0.38	-0.33	0.25	1.87	4.02	4.73	2.23	1.18
Diluted Shares Outstanding	2.16B	2.49B	2.56B	2.65B	3.25B	3.39B	3.48B	3.48B	3.5B	3.54B
Basic Shares Outstanding	2.16B	2.49B	2.56B	2.65B	2.8B	2.96B	3.13B	3.17B	3.2B	3.23B
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	6.26B	6.57B	8.31B	12.1B	26.72B	27.1B	40.92B	49.62B	58.36B	68.64B
Cash & Short-Term Investments	3.39B	3.37B	3.69B	6.27B	19.38B	17.71B	22.18B	29.09B	36.56B	44.06B
Cash Only	3.39B	3.37B	3.69B	6.27B	19.38B	17.58B	16.25B	16.4B	16.14B	16.51B
Short-Term Investments	0	0	0	0	0	131M	5.93B	12.7B	20.42B	27.55B
Accounts Receivable	499.14M	515.38M	949M	1.32B	1.89B	1.91B	2.95B	3.51B	4.42B	4.58B
Days Sales Outstanding	26.03	16	16.14	19.66	21.83	12.97	13.23	13.23	16.51	17.61
Inventory	2.07B	2.26B	3.11B	3.55B	4.1B	5.76B	12.84B	13.63B	12.02B	12.39B
Days Inventory Outstanding	139.72	86.64	65.23	63.22	60.1	52.25	77.32	62.87	54.66	58.19
Other Current Assets	105.52M	155.32M	193M	0	0	0	2.94B	3.39B	5.36B	7.62B
Total Non-Current Assets+	16.4B	22.08B	21.43B	22.2B	25.43B	35.03B	41.42B	57B	63.72B	69.16B
Property, Plant & Equipment	15.03B	20.49B	19.69B	20.2B	23.38B	31.18B	36.63B	45.12B	51.51B	40.64B
Fixed Asset Turnover	0.47x	0.57x	1.09x	1.22x	1.35x	1.73x	2.22x	2.14x	1.90x	2.33x
Goodwill	0	60.24M	68M	198M	207M	200M	194M	253M	244M	257M
Intangible Assets	376.14M	361.5M	282M	339M	313M	1.52B	399M	362M	1.23B	135M
Long-Term Investments	774.47M	5.3M	12M	1M	613M	522M	657M	0	0	0
Other Non-Current Assets	216.75M	1.17B	1.38B	1.47B	923M	1.61B	3.21B	4.53B	4.21B	21.2B
Total Assets+	22.66B	28.66B	29.74B	34.31B	52.15B	62.13B	82.34B	106.62B	122.07B	137.81B
Asset Turnover	0.31x	0.41x	0.72x	0.72x	0.60x	0.87x	0.99x	0.91x	0.80x	0.69x
Asset Growth %	180.92%	26.44%	3.79%	15.36%	52%	19.14%	32.52%	29.49%	14.49%	12.89%
Total Current Liabilities+	5.83B	7.67B	9.99B	10.67B	14.25B	19.7B	26.71B	28.75B	28.82B	31.71B
Accounts Payable	1.86B	2.39B	3.4B	3.77B	6.05B	10.03B	15.26B	14.43B	12.47B	13.37B
Days Payables Outstanding	125.72	91.49	71.34	67.11	88.68	90.98	91.87	66.58	56.74	62.78
Short-Term Debt	1.21B	896.55M	2.22B	1.4B	1.76B	1.09B	1.02B	1.98B	2.34B	1.64B
Deferred Revenue (Current)	763.13M	1.87B	1.42B	1.89B	2.21B	2.37B	2.81B	3.74B	4.16B	3.42B
Other Current Liabilities	1.57B	917.9M	983M	532M	1.16B	1.28B	1.65B	2.28B	3.77B	9.49B
Current Ratio	1.07x	0.86x	0.83x	1.13x	1.88x	1.38x	1.53x	1.73x	2.02x	2.16x
Quick Ratio	0.72x	0.56x	0.52x	0.80x	1.59x	1.08x	1.05x	1.25x	1.61x	1.77x
Cash Conversion Cycle	40.02	11.15	10.03	15.76	-6.75	-25.76	-1.32	9.52	14.43	13.02
Total Non-Current Liabilities+	10.93B	15.35B	13.43B	15.53B	14.22B	10.84B	9.73B	14.26B	19.57B	23.23B
Long-Term Debt	6.05B	9.42B	8.41B	10.4B	8.51B	4.25B	1.03B	2.68B	5.54B	6.74B
Capital Lease Obligations	1.49B	1.73B	2.71B	2.19B	2.35B	2.66B	2.73B	3.85B	4.83B	0
Deferred Tax Liabilities	-75.58M	0	127K	66M	151M	24M	82M	0	0	0
Other Non-Current Liabilities	2.62B	3.02B	1.33B	1.67B	1.93B	1.85B	3.08B	4.48B	5.89B	12.86B
Total Liabilities	16.76B	23.02B	23.43B	26.2B	28.47B	30.55B	36.44B	43.01B	48.39B	54.94B
Total Debt+	8.8B	12.13B	13.83B	14.6B	13.28B	8.87B	5.75B	9.57B	13.62B	8.38B
Net Debt	5.41B	8.76B	10.14B	8.34B	-6.11B	-8.7B	-10.51B	-6.83B	-2.52B	-8.14B
Debt / Equity	1.49x	2.15x	2.19x	1.80x	0.56x	0.28x	0.13x	0.15x	0.18x	0.10x
Debt / EBITDA	31.46x	3032.72x	9.14x	7.00x	3.08x	0.94x	0.33x	0.71x	1.09x	0.80x
Net Debt / EBITDA	19.33x	2190.74x	6.70x	4.00x	-1.41x	-0.92x	-0.60x	-0.50x	-0.20x	-0.77x
Interest Coverage	-3.36x	-3.46x	-0.59x	-0.10x	2.67x	17.58x	71.50x	56.99x	20.22x	12.88x
Total Equity+	5.91B	5.63B	6.31B	8.11B	23.68B	31.58B	45.9B	63.61B	73.68B	82.86B
Equity Growth %	444.9%	-4.62%	12.09%	28.47%	191.97%	33.38%	45.32%	38.59%	15.83%	12.47%
Book Value per Share	2.73	2.27	2.47	3.05	7.29	9.33	13.21	18.26	21.06	23.41
Total Shareholders' Equity	4.75B	4.24B	4.92B	6.62B	22.23B	30.19B	44.7B	62.63B	72.91B	82.14B
Common Stock	161K	169K	0	1M	1M	3M	3M	3M	3M	3M
Retained Earnings	-3B	-4.97B	-5.32B	-6.08B	-5.4B	329M	12.88B	27.88B	35.21B	39B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-23.74M	33.35M	-8.22M	-36M	363M	54M	-361M	-143M	-670M	361M
Minority Interest	1.15B	1.4B	1.39B	1.49B	1.45B	1.39B	1.19B	975M	767M	728M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	-123.83M	-61M	2.1B	2.4B	5.94B	11.5B	14.72B	13.26B	14.92B	14.75B
Operating CF Margin %	-1.77%	-0.52%	9.78%	9.79%	18.85%	21.36%	18.07%	13.7%	15.28%	15.55%
Operating CF Growth %	76.39%	50.74%	3539.34%	14.63%	147.11%	93.45%	28.07%	-9.97%	12.58%	-1.18%
Net Income	-773.05M	-2.24B	-1.06B	-775M	690M	5.52B	12.58B	15B	7.13B	3.79B
Depreciation & Amortization	947.1M	1.64B	1.9B	2.15B	2.32B	2.91B	3.54B	4.67B	5.37B	6.15B
Stock-Based Compensation	334.23M	466.76M	749.02M	898M	1.73B	2.12B	1.56B	1.81B	2B	2.83B
Deferred Taxes	0	0	0	0	0	-149M	0	-6.35B	477M	123M
Other Non-Cash Items	61.75M	573.84M	452.51M	477M	1.01B	428M	777M	400M	-155M	1.15B
Working Capital Changes	-693.86M	-496.6M	58M	-349M	184M	667M	-3.71B	-2.25B	81M	642M
Change in Receivables	-216.56M	-25M	-496.73M	0	-652M	-130M	-1.12B	-586M	-1.08B	-261M
Change in Inventory	-632.87M	-179M	-1.02B	-429M	-422M	-1.71B	-6.46B	-1.2B	937M	-630M
Change in Payables	0	0	1.72B	646M	930M	4.58B	6.03B	2.6B	3.59B	4.38B
Cash from Investing+	-1.08B	-4.2B	-2.34B	-1.44B	-3.13B	-7.87B	-11.97B	-15.58B	-18.79B	-15.48B
Capital Expenditures	-1.44B	-4.08B	-2.32B	-1.43B	-3.23B	-6.51B	-7.16B	-8.9B	-11.34B	-8.53B
CapEx % of Revenue	20.58%	34.71%	10.81%	5.83%	10.25%	12.1%	8.79%	9.2%	11.61%	8.99%
Acquisitions	342.72M	-115M	-17.91M	-45M	-13M	0	0	-64M	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	223.44M	428K	41M	113M	-1.22B	1B	0	0	0
Cash from Financing+	3.74B	4.42B	574M	1.53B	9.97B	-5.2B	-3.53B	2.59B	3.85B	1.14B
Debt Issued (Net)	1.72B	3.38B	89M	798M	-2.49B	-5.73B	-3.87B	2.12B	2.86B	-3.16B
Equity Issued (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	324.05M	630M	189.28M	-117M	192M	-178M	-202M	-227M	-251M	4.08B
Net Change in Cash	2.53B	198M	312M	2.51B	13.12B	-1.76B	-1.22B	265M	-152M	579M
Free Cash Flow+	-1.56B	-4.14B	-221M	968M	2.7B	3.48B	7.55B	4.36B	3.58B	6.22B
FCF Margin %	-22.35%	-35.22%	-1.03%	3.94%	8.56%	6.47%	9.27%	4.5%	3.67%	6.56%
FCF Growth %	27.56%	-164.78%	94.66%	538.01%	179.03%	28.95%	116.82%	-42.31%	-17.81%	73.69%
FCF per Share	-0.72	-1.67	-0.09	0.36	0.83	1.03	2.17	1.25	1.02	1.76
FCF Conversion (FCF/Net Income)	0.18x	0.03x	-2.15x	-2.79x	8.24x	2.08x	1.17x	0.88x	2.09x	3.89x
Interest Paid	38.69M	183M	381M	455M	444M	266M	152M	126M	277M	0
Taxes Paid	16.39M	66M	35M	54M	115M	561M	1.2B	1.12B	1.33B	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-19.31%	-34.01%	-16.34%	-11.95%	4.54%	19.99%	32.48%	27.39%	10.39%	4.85%
Return on Invested Capital (ROIC)	-7.1%	-9.52%	-1.89%	-0.31%	8.79%	24.19%	35.15%	14.47%	8.3%	4.48%
Gross Margin	22.85%	18.9%	18.83%	16.56%	21.02%	25.28%	25.6%	18.25%	17.86%	18.03%
Net Margin	-9.64%	-16.69%	-4.55%	-3.51%	2.29%	10.26%	15.45%	15.5%	7.3%	4%
Debt / Equity	1.49x	2.15x	2.19x	1.80x	0.56x	0.28x	0.13x	0.15x	0.18x	0.10x
Interest Coverage	-3.36x	-3.46x	-0.59x	-0.10x	2.67x	17.58x	71.50x	56.99x	20.22x	12.88x
FCF Conversion	0.18x	0.03x	-2.15x	-2.79x	8.24x	2.08x	1.17x	0.88x	2.09x	3.89x
Revenue Growth	73.01%	67.98%	82.51%	14.52%	28.31%	70.67%	51.35%	18.8%	0.95%	-2.93%

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Tesla, Inc. (TSLA) 10-Year Financial Performance & Capital Metrics

TSLA •

Consumer CyclicalAuto ManufacturersElectric-only passenger car makers

Revenue $94.83B -2.9%
EBITDA $10.5B -15.6%
Net Income $3.79B -46.8%
EPS (Diluted) 1.08 -47.0%
Gross Margin 18.03% +0.9%
EBITDA Margin 11.08% -13.0%
Operating Margin 4.59% -36.6%
Net Margin 4% -45.2%
ROE 4.85% -53.3%
ROIC 4.48% -46.0%
Debt/Equity 0.10 -45.3%
Interest Coverage 12.88 -36.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 39.4%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 24.6%
✓Healthy 5Y average net margin of 10.5%

✗Weaknesses

✗Expensive at 17.2x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y37.09%

5Y24.63%

3Y5.19%

TTM-2.93%

Profit (Net Income) CAGR

10Y-

5Y39.39%

3Y-32.94%

TTM-47.82%

EPS CAGR

10Y-

5Y38.75%

3Y-33.18%

TTM-48.31%

ROCE

10Y Avg5.96%

5Y Avg14.01%

3Y Avg8.65%

Latest4.37%

Peer Comparison

Electric-only passenger car makers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TSLATesla, Inc.	1.51T	402.51	372.69	-2.93%	4%	4.58%	0.41%	0.10
LILi Auto Inc.	35.32B	17.59	16.00	16.71%	3.59%	6.16%	3.39%	0.23
CJETChijet Motor Company, Inc.	11.38M	2.08	-0.00	-27.08%	-7.01%
FFAIFaraday Future Intelligent Electric Inc.	100.53M	0.49	-0.03	-31.25%	-745.17%	-207.37%		0.86
LCIDLucid Group, Inc.	3.27B	10.00	-0.83	-100%	-324.65%	-376.15%		1.20
ZKZEEKR Intelligent Technology Holding Limited	6.85B	26.73	-0.98	46.91%	-3.68%		21.67%
AIEVThunder Power Holdings, Inc.	7M	0.14	-2.30			-32.68%		0.00
VFSVinFast Auto Ltd.	7.62B	3.26	-2.57	57.87%	-137.04%

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	7B	11.76B	21.46B	24.58B	31.54B	53.82B	81.46B	96.77B	97.69B	94.83B
Revenue Growth %	73.01%	67.98%	82.51%	14.52%	28.31%	70.67%	51.35%	18.8%	0.95%	-2.93%
Cost of Goods Sold+	5.4B	9.54B	17.42B	20.51B	24.91B	40.22B	60.61B	79.11B	80.24B	77.73B
COGS % of Revenue	77.15%	81.1%	81.17%	83.44%	78.98%	74.72%	74.4%	81.75%	82.14%	81.97%
Gross Profit+	1.6B	2.22B	4.04B	4.07B	6.63B	13.61B	20.85B	17.66B	17.45B	17.09B
Gross Margin %	22.85%	18.9%	18.83%	16.56%	21.02%	25.28%	25.6%	18.25%	17.86%	18.03%
Gross Profit Growth %	73.17%	39%	81.83%	0.67%	62.94%	105.22%	53.26%	-15.31%	-1.19%	-2.04%
Operating Expenses+	2.27B	3.85B	4.43B	4B	4.64B	7.11B	7.2B	8.77B	10.37B	12.74B
OpEx % of Revenue	32.38%	32.78%	20.64%	16.27%	14.7%	13.21%	8.83%	9.06%	10.62%	13.43%
Selling, General & Admin	1.43B	2.48B	2.83B	2.65B	3.15B	4.52B	3.95B	4.8B	5.15B	5.83B
SG&A % of Revenue	20.46%	21.06%	13.21%	10.77%	9.97%	8.39%	4.84%	4.96%	5.27%	6.15%
Research & Development	834.41M	1.38B	1.46B	1.34B	1.49B	2.59B	3.08B	3.97B	4.54B	6.41B
R&D % of Revenue	11.92%	11.72%	6.8%	5.46%	4.73%	4.82%	3.77%	4.1%	4.65%	6.76%
Other Operating Expenses	0	0	134.63M	11M	0	0	176M	0	684M	494M
Operating Income+	-667.34M	-1.63B	-388M	-69M	1.99B	6.52B	13.66B	8.89B	7.08B	4.36B
Operating Margin %	-9.53%	-13.88%	-1.81%	-0.28%	6.32%	12.12%	16.76%	9.19%	7.24%	4.59%
Operating Income Growth %	6.88%	-144.55%	76.23%	82.22%	2989.86%	227.13%	109.35%	-34.89%	-20.41%	-38.45%
EBITDA+	279.76M	4M	1.51B	2.08B	4.32B	9.43B	17.4B	13.56B	12.44B	10.5B
EBITDA Margin %	4%	0.03%	7.05%	8.48%	13.69%	17.53%	21.36%	14.01%	12.74%	11.08%
EBITDA Growth %	195.14%	-98.57%	37725%	37.81%	107%	118.58%	84.47%	-22.09%	-8.22%	-15.6%
D&A (Non-Cash Add-back)	947.1M	1.64B	1.9B	2.15B	2.32B	2.91B	3.75B	4.67B	5.37B	6.15B
EBIT	-547.54M	-1.74B	-342M	20M	1.9B	6.71B	13.91B	10.13B	9.34B	5.62B
Net Interest Income+	-190.28M	-452M	-639M	-641M	-718M	-315M	106M	910M	1.22B	1.34B
Interest Income	8.53M	19M	24M	44M	30M	56M	297M	1.07B	1.57B	1.68B
Interest Expense	198.81M	471M	663M	685M	748M	371M	191M	156M	350M	338M
Other Income/Expense	-79.01M	-577M	-617M	-596M	-840M	-180M	63M	1.08B	1.91B	923M
Pretax Income+	-746.35M	-2.21B	-1B	-665M	1.15B	6.34B	13.72B	9.97B	8.99B	5.28B
Pretax Margin %	-10.66%	-18.79%	-4.68%	-2.71%	3.66%	11.78%	16.84%	10.31%	9.2%	5.57%
Income Tax+	26.7M	32M	58M	110M	292M	699M	1.13B	-5B	1.84B	1.42B
Effective Tax Rate %	90.43%	88.82%	97.11%	129.62%	62.48%	87.09%	91.72%	150.4%	79.31%	71.88%
Net Income+	-674.91M	-1.96B	-976M	-862M	721M	5.52B	12.58B	15B	7.13B	3.79B
Net Margin %	-9.64%	-16.69%	-4.55%	-3.51%	2.29%	10.26%	15.45%	15.5%	7.3%	4%
Net Income Growth %	24.05%	-190.7%	50.25%	11.68%	183.64%	666.16%	127.79%	19.2%	-52.46%	-46.79%
Net Income (Continuing)	-773.05M	-2.24B	-1.06B	-775M	862M	5.64B	12.59B	14.97B	7.15B	3.85B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.15B	1.4B	1.39B	1.49B	1.45B	1.39B	1.19B	975M	767M	728M
EPS (Diluted)+	-0.31	-0.79	-0.38	-0.33	0.21	1.63	3.62	4.31	2.04	1.08
EPS Growth %	32.61%	-154.84%	51.9%	13.16%	163.64%	676.19%	122.09%	19.06%	-52.71%	-47.01%
EPS (Basic)	-0.31	-0.79	-0.38	-0.33	0.25	1.87	4.02	4.73	2.23	1.18
Diluted Shares Outstanding	2.16B	2.49B	2.56B	2.65B	3.25B	3.39B	3.48B	3.48B	3.5B	3.54B
Basic Shares Outstanding	2.16B	2.49B	2.56B	2.65B	2.8B	2.96B	3.13B	3.17B	3.2B	3.23B
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	6.26B	6.57B	8.31B	12.1B	26.72B	27.1B	40.92B	49.62B	58.36B	68.64B
Cash & Short-Term Investments	3.39B	3.37B	3.69B	6.27B	19.38B	17.71B	22.18B	29.09B	36.56B	44.06B
Cash Only	3.39B	3.37B	3.69B	6.27B	19.38B	17.58B	16.25B	16.4B	16.14B	16.51B
Short-Term Investments	0	0	0	0	0	131M	5.93B	12.7B	20.42B	27.55B
Accounts Receivable	499.14M	515.38M	949M	1.32B	1.89B	1.91B	2.95B	3.51B	4.42B	4.58B
Days Sales Outstanding	26.03	16	16.14	19.66	21.83	12.97	13.23	13.23	16.51	17.61
Inventory	2.07B	2.26B	3.11B	3.55B	4.1B	5.76B	12.84B	13.63B	12.02B	12.39B
Days Inventory Outstanding	139.72	86.64	65.23	63.22	60.1	52.25	77.32	62.87	54.66	58.19
Other Current Assets	105.52M	155.32M	193M	0	0	0	2.94B	3.39B	5.36B	7.62B
Total Non-Current Assets+	16.4B	22.08B	21.43B	22.2B	25.43B	35.03B	41.42B	57B	63.72B	69.16B
Property, Plant & Equipment	15.03B	20.49B	19.69B	20.2B	23.38B	31.18B	36.63B	45.12B	51.51B	40.64B
Fixed Asset Turnover	0.47x	0.57x	1.09x	1.22x	1.35x	1.73x	2.22x	2.14x	1.90x	2.33x
Goodwill	0	60.24M	68M	198M	207M	200M	194M	253M	244M	257M
Intangible Assets	376.14M	361.5M	282M	339M	313M	1.52B	399M	362M	1.23B	135M
Long-Term Investments	774.47M	5.3M	12M	1M	613M	522M	657M	0	0	0
Other Non-Current Assets	216.75M	1.17B	1.38B	1.47B	923M	1.61B	3.21B	4.53B	4.21B	21.2B
Total Assets+	22.66B	28.66B	29.74B	34.31B	52.15B	62.13B	82.34B	106.62B	122.07B	137.81B
Asset Turnover	0.31x	0.41x	0.72x	0.72x	0.60x	0.87x	0.99x	0.91x	0.80x	0.69x
Asset Growth %	180.92%	26.44%	3.79%	15.36%	52%	19.14%	32.52%	29.49%	14.49%	12.89%
Total Current Liabilities+	5.83B	7.67B	9.99B	10.67B	14.25B	19.7B	26.71B	28.75B	28.82B	31.71B
Accounts Payable	1.86B	2.39B	3.4B	3.77B	6.05B	10.03B	15.26B	14.43B	12.47B	13.37B
Days Payables Outstanding	125.72	91.49	71.34	67.11	88.68	90.98	91.87	66.58	56.74	62.78
Short-Term Debt	1.21B	896.55M	2.22B	1.4B	1.76B	1.09B	1.02B	1.98B	2.34B	1.64B
Deferred Revenue (Current)	763.13M	1.87B	1.42B	1.89B	2.21B	2.37B	2.81B	3.74B	4.16B	3.42B
Other Current Liabilities	1.57B	917.9M	983M	532M	1.16B	1.28B	1.65B	2.28B	3.77B	9.49B
Current Ratio	1.07x	0.86x	0.83x	1.13x	1.88x	1.38x	1.53x	1.73x	2.02x	2.16x
Quick Ratio	0.72x	0.56x	0.52x	0.80x	1.59x	1.08x	1.05x	1.25x	1.61x	1.77x
Cash Conversion Cycle	40.02	11.15	10.03	15.76	-6.75	-25.76	-1.32	9.52	14.43	13.02
Total Non-Current Liabilities+	10.93B	15.35B	13.43B	15.53B	14.22B	10.84B	9.73B	14.26B	19.57B	23.23B
Long-Term Debt	6.05B	9.42B	8.41B	10.4B	8.51B	4.25B	1.03B	2.68B	5.54B	6.74B
Capital Lease Obligations	1.49B	1.73B	2.71B	2.19B	2.35B	2.66B	2.73B	3.85B	4.83B	0
Deferred Tax Liabilities	-75.58M	0	127K	66M	151M	24M	82M	0	0	0
Other Non-Current Liabilities	2.62B	3.02B	1.33B	1.67B	1.93B	1.85B	3.08B	4.48B	5.89B	12.86B
Total Liabilities	16.76B	23.02B	23.43B	26.2B	28.47B	30.55B	36.44B	43.01B	48.39B	54.94B
Total Debt+	8.8B	12.13B	13.83B	14.6B	13.28B	8.87B	5.75B	9.57B	13.62B	8.38B
Net Debt	5.41B	8.76B	10.14B	8.34B	-6.11B	-8.7B	-10.51B	-6.83B	-2.52B	-8.14B
Debt / Equity	1.49x	2.15x	2.19x	1.80x	0.56x	0.28x	0.13x	0.15x	0.18x	0.10x
Debt / EBITDA	31.46x	3032.72x	9.14x	7.00x	3.08x	0.94x	0.33x	0.71x	1.09x	0.80x
Net Debt / EBITDA	19.33x	2190.74x	6.70x	4.00x	-1.41x	-0.92x	-0.60x	-0.50x	-0.20x	-0.77x
Interest Coverage	-3.36x	-3.46x	-0.59x	-0.10x	2.67x	17.58x	71.50x	56.99x	20.22x	12.88x
Total Equity+	5.91B	5.63B	6.31B	8.11B	23.68B	31.58B	45.9B	63.61B	73.68B	82.86B
Equity Growth %	444.9%	-4.62%	12.09%	28.47%	191.97%	33.38%	45.32%	38.59%	15.83%	12.47%
Book Value per Share	2.73	2.27	2.47	3.05	7.29	9.33	13.21	18.26	21.06	23.41
Total Shareholders' Equity	4.75B	4.24B	4.92B	6.62B	22.23B	30.19B	44.7B	62.63B	72.91B	82.14B
Common Stock	161K	169K	0	1M	1M	3M	3M	3M	3M	3M
Retained Earnings	-3B	-4.97B	-5.32B	-6.08B	-5.4B	329M	12.88B	27.88B	35.21B	39B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-23.74M	33.35M	-8.22M	-36M	363M	54M	-361M	-143M	-670M	361M
Minority Interest	1.15B	1.4B	1.39B	1.49B	1.45B	1.39B	1.19B	975M	767M	728M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	-123.83M	-61M	2.1B	2.4B	5.94B	11.5B	14.72B	13.26B	14.92B	14.75B
Operating CF Margin %	-1.77%	-0.52%	9.78%	9.79%	18.85%	21.36%	18.07%	13.7%	15.28%	15.55%
Operating CF Growth %	76.39%	50.74%	3539.34%	14.63%	147.11%	93.45%	28.07%	-9.97%	12.58%	-1.18%
Net Income	-773.05M	-2.24B	-1.06B	-775M	690M	5.52B	12.58B	15B	7.13B	3.79B
Depreciation & Amortization	947.1M	1.64B	1.9B	2.15B	2.32B	2.91B	3.54B	4.67B	5.37B	6.15B
Stock-Based Compensation	334.23M	466.76M	749.02M	898M	1.73B	2.12B	1.56B	1.81B	2B	2.83B
Deferred Taxes	0	0	0	0	0	-149M	0	-6.35B	477M	123M
Other Non-Cash Items	61.75M	573.84M	452.51M	477M	1.01B	428M	777M	400M	-155M	1.15B
Working Capital Changes	-693.86M	-496.6M	58M	-349M	184M	667M	-3.71B	-2.25B	81M	642M
Change in Receivables	-216.56M	-25M	-496.73M	0	-652M	-130M	-1.12B	-586M	-1.08B	-261M
Change in Inventory	-632.87M	-179M	-1.02B	-429M	-422M	-1.71B	-6.46B	-1.2B	937M	-630M
Change in Payables	0	0	1.72B	646M	930M	4.58B	6.03B	2.6B	3.59B	4.38B
Cash from Investing+	-1.08B	-4.2B	-2.34B	-1.44B	-3.13B	-7.87B	-11.97B	-15.58B	-18.79B	-15.48B
Capital Expenditures	-1.44B	-4.08B	-2.32B	-1.43B	-3.23B	-6.51B	-7.16B	-8.9B	-11.34B	-8.53B
CapEx % of Revenue	20.58%	34.71%	10.81%	5.83%	10.25%	12.1%	8.79%	9.2%	11.61%	8.99%
Acquisitions	342.72M	-115M	-17.91M	-45M	-13M	0	0	-64M	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	223.44M	428K	41M	113M	-1.22B	1B	0	0	0
Cash from Financing+	3.74B	4.42B	574M	1.53B	9.97B	-5.2B	-3.53B	2.59B	3.85B	1.14B
Debt Issued (Net)	1.72B	3.38B	89M	798M	-2.49B	-5.73B	-3.87B	2.12B	2.86B	-3.16B
Equity Issued (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	324.05M	630M	189.28M	-117M	192M	-178M	-202M	-227M	-251M	4.08B
Net Change in Cash	2.53B	198M	312M	2.51B	13.12B	-1.76B	-1.22B	265M	-152M	579M
Free Cash Flow+	-1.56B	-4.14B	-221M	968M	2.7B	3.48B	7.55B	4.36B	3.58B	6.22B
FCF Margin %	-22.35%	-35.22%	-1.03%	3.94%	8.56%	6.47%	9.27%	4.5%	3.67%	6.56%
FCF Growth %	27.56%	-164.78%	94.66%	538.01%	179.03%	28.95%	116.82%	-42.31%	-17.81%	73.69%
FCF per Share	-0.72	-1.67	-0.09	0.36	0.83	1.03	2.17	1.25	1.02	1.76
FCF Conversion (FCF/Net Income)	0.18x	0.03x	-2.15x	-2.79x	8.24x	2.08x	1.17x	0.88x	2.09x	3.89x
Interest Paid	38.69M	183M	381M	455M	444M	266M	152M	126M	277M	0
Taxes Paid	16.39M	66M	35M	54M	115M	561M	1.2B	1.12B	1.33B	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-19.31%	-34.01%	-16.34%	-11.95%	4.54%	19.99%	32.48%	27.39%	10.39%	4.85%
Return on Invested Capital (ROIC)	-7.1%	-9.52%	-1.89%	-0.31%	8.79%	24.19%	35.15%	14.47%	8.3%	4.48%
Gross Margin	22.85%	18.9%	18.83%	16.56%	21.02%	25.28%	25.6%	18.25%	17.86%	18.03%
Net Margin	-9.64%	-16.69%	-4.55%	-3.51%	2.29%	10.26%	15.45%	15.5%	7.3%	4%
Debt / Equity	1.49x	2.15x	2.19x	1.80x	0.56x	0.28x	0.13x	0.15x	0.18x	0.10x
Interest Coverage	-3.36x	-3.46x	-0.59x	-0.10x	2.67x	17.58x	71.50x	56.99x	20.22x	12.88x
FCF Conversion	0.18x	0.03x	-2.15x	-2.79x	8.24x	2.08x	1.17x	0.88x	2.09x	3.89x
Revenue Growth	73.01%	67.98%	82.51%	14.52%	28.31%	70.67%	51.35%	18.8%	0.95%	-2.93%

Tesla, Inc. (TSLA) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare TSLA vs Peers

vs LI

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Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

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Dividend History

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Revenue History

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Tesla, Inc. (TSLA) 10-Year Financial Performance & Capital Metrics

Key Insights

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Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare TSLA vs Peers

vs LI

vs NIO

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios