Tesla's fundamental outlook is increasingly bifurcated: near-term automotive profitability is strained by price cuts and margin compression, with gross margin down to 16.8% in 2026Q2 from 19.8% in 2024Q3, while the company pivots toward AI and robotics, eviden...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has stalled and margins have compressed, with gross margin down to 16.8% in 2026Q2 from 19.8% in 2024Q3, and operating margin falling to 1.4% as R&D and SG&A expenses outpaced revenue growth.
Tesla is positioned as a leader in AI and robotics, with potential massive revenue from robotaxis and the Optimus humanoid robot, which could make current stock prices appear undervalued.
The energy storage segment is a significant value driver, showing consistent growth and high margins, with strong demand from utility customers and AI data center operators.
Tesla's gross margins rebounded to 21.1% in Q1 2026, reflecting effective cost management while scaling operations and reporting increased revenue and free cash flow.
Tesla faces fierce competition, particularly from Chinese manufacturers like BYD, which has surpassed Tesla in EV sales, and established automakers launching competitive EVs at lower prices.
Projected capital expenditures for AI infrastructure could reach $25 billion in 2026, raising concerns about the execution risks associated with developing robotaxis and humanoid robots.
Tesla is under investigation by the NHTSA for its FSD system, and a negative outcome could severely impact its valuation narrative related to AI.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 22, 2026 | $0.33-34.0% vs $0.50 | $28.2B+6.9% vs $26.4B |
Q2 2026 Apr 22, 2026 | $0.41+15.9% vs $0.35 | $22.4B+1.3% vs $22.1B |
Q1 2026 Jan 28, 2026 | $0.50+9.9% vs $0.45 | $24.9B+0.5% vs $24.8B |
Q4 2025 Oct 22, 2025 | $0.50-10.4% vs $0.56 | $28.1B+5.9% vs $26.5B |
A new EV company in Saudi Arabia has just launched its first EVs. Ceer has just released two models.
While Tesla (NASDAQ: TSLA) maintained electric vehicle (EV) market share dominance in the first half (H1) of 2026 with roughly 52.3%, its Cybertruck has been severely underperforming.
A combined Tesla and SpaceX would dominate physical AI applications, according to Morgan Stanley. Both stocks gained on Monday.
Benchmark TSLA against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Tesla, Inc. (TSLA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $378.90 | $1.5T | 350.83 | -2.93% | 4% | 4.85% | — | |
| $83.45 | $75.48B | 25.52 | -1.29% | 1.03% | 2.95% | — | |
| $13.10 | $52.24B | -6.36 | 1.23% | -3.93% | -18.89% | — | |
| $15.14 | $18.38B | -4.93 | 8.39% | -54.95% | -67.16% | — | |
| $4.32 | $1.37B | -0.37 | 67.58% | -263.72% | -254.84% | — | |
| $3.72 | $8.77B | -3.75 | 29.47% | -23.75% | -230.85% | — |
Tesla, Inc. (TSLA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Tesla, Inc. (TSLA) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 22, 2026·SEC
Jul 2, 2026·SEC
Apr 22, 2026·SEC
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Tesla, Inc. (TSLA) stock FAQ — growth, dividends, profitability & financials explained
Tesla, Inc. (TSLA) reported $103.62B in revenue for fiscal year 2025. This represents a 141943736% increase from $0.1M in 2007.
Tesla, Inc. (TSLA) saw revenue decline by 2.9% over the past year.
Yes, Tesla, Inc. (TSLA) is profitable, generating $3.82B in net income for fiscal year 2025 (4.0% net margin).
Tesla, Inc. (TSLA) has a return on equity (ROE) of 4.8%. This is below average, suggesting room for improvement.
Tesla, Inc. (TSLA) generated $5.76B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
