Tesla, Inc. designs, develops, manufactures, and sells fully electric vehicles, energy generation systems, and energy storage products. The company operates globally, with major manufacturing facilities in the United States, China, and Germany. Beyond vehicle sales, Tesla is distinctive for its proprietary Supercharger network, direct-to-consumer sales model, and development of autonomous driving software.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
94,827,000
97,690,000
96,773,000
81,462,000
Cost of Sales
77,733,000
80,240,000
79,113,000
60,609,000
Gross Profit
17,094,000
17,450,000
17,660,000
20,853,000
Selling, General & Administrative Expenses
5,834,000
5,150,000
4,800,000
3,946,000
Research & Development Expenses
6,411,000
4,540,000
3,969,000
3,075,000
Other Operating Expenses
494,000
684,000
—
176,000
Operating Profit
4,355,000
7,076,000
8,891,000
13,656,000
Interest and Investment Income
1,680,000
1,569,000
1,066,000
297,000
Interest Expense
(338,000)
(350,000)
(156,000)
(191,000)
Non-Operating Income
(419,000)
695,000
172,000
(43,000)
Total Non-Operating Income
923,000
1,914,000
1,082,000
63,000
Income Before Provision for Income Taxes
5,278,000
8,990,000
9,973,000
13,719,000
Provision for Income Taxes
1,423,000
1,837,000
(5,001,000)
1,132,000
Consolidated Net Income
3,855,000
7,153,000
14,974,000
12,587,000
Net Income Attributable to Minority Interests and Other
61,000
62,000
(23,000)
31,000
Net Income Attributable to Common Shareholders
3,794,000
7,091,000
14,997,000
12,556,000
Basic EPS
1.18
2.23
4.73
4.02
Diluted EPS
1.08
2.04
4.30
3.62
Basic Weighted Average Shares Outstanding
3,225,000
3,197,000
3,174,000
3,130,000
Diluted Weighted Average Shares Outstanding
3,528,000
3,498,000
3,485,000
3,475,000
Shares Outstanding
3,752,190
3,216,000
3,185,000
3,164,000
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
16,513,000
16,139,000
16,398,000
16,253,000
Short-Term Investments
27,546,000
20,424,000
12,696,000
5,932,000
Total Cash and Cash Equivalents
44,059,000
36,563,000
29,094,000
22,185,000
Accounts Receivable
4,576,000
4,418,000
3,508,000
2,952,000
Total Trade Receivables
4,576,000
4,418,000
3,508,000
2,952,000
Inventories
12,392,000
12,017,000
13,626,000
12,839,000
Other Current Assets
7,615,000
5,362,000
3,388,000
2,941,000
Total Current Assets
68,642,000
58,360,000
49,616,000
40,917,000
Net Property, Plant & Equipment
56,186,000
51,501,000
45,123,000
36,635,000
Net Intangible Assets
—
—
178,000
215,000
Goodwill
—
—
253,000
194,000
Other Long-Term Assets
12,978,000
12,209,000
11,448,000
4,377,000
Total Assets
137,806,000
122,070,000
106,618,000
82,338,000
Accounts Payable
13,371,000
12,474,000
14,431,000
15,255,000
Accrued Expenses
13,279,000
10,723,000
9,080,000
8,205,000
Current Portion of Long-Term Debt
1,640,000
2,456,000
2,373,000
1,502,000
Unearned Revenue
3,424,000
3,168,000
2,864,000
1,747,000
Total Current Liabilities
31,714,000
28,821,000
28,748,000
26,709,000
Long-Term Debt
6,736,000
5,757,000
2,857,000
1,597,000
Other Long-Term Liabilities
16,491,000
13,812,000
11,404,000
8,134,000
Total Long-Term Liabilities
23,227,000
19,569,000
14,261,000
9,731,000
Total Liabilities
54,941,000
48,390,000
43,009,000
36,440,000
Preferred Stock
—
—
—
3,000
Common Stock
3,000
3,000
3,000
3,000
Additional Paid-in Capital
42,770,000
38,371,000
34,892,000
32,177,000
Accumulated Other Comprehensive Income
361,000
(670,000)
(143,000)
(361,000)
Retained Earnings
39,003,000
35,209,000
27,882,000
12,885,000
Total Common Shareholders' Equity
82,137,000
72,913,000
62,634,000
44,704,000
Minority Interests and Other
728,000
767,000
975,000
1,194,000
Total Shareholders' Equity
82,865,000
73,680,000
63,609,000
45,898,000
Total Liabilities and Shareholders' Equity
137,806,000
122,070,000
106,618,000
82,338,000
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
3,855,000
7,153,000
14,974,000
12,587,000
Depreciation & Amortization
6,148,000
5,368,000
4,667,000
3,747,000
Share-Based Compensation Expense
2,825,000
1,999,000
1,812,000
1,560,000
Other Adjustments
1,277,000
322,000
(5,949,000)
542,000
Changes in Trade Receivables
(261,000)
(1,083,000)
(586,000)
(1,124,000)
Changes in Inventories
(630,000)
937,000
(1,195,000)
(6,465,000)
Changes in Accounts Payable
4,376,000
3,588,000
2,605,000
8,029,000
Changes in Unearned Revenue
363,000
502,000
1,532,000
1,131,000
Changes in Other Operating Activities
(3,206,000)
(3,863,000)
(4,604,000)
(5,283,000)
Cash from Operating Activities
14,747,000
14,923,000
13,256,000
14,724,000
Capital Expenditure
(8,527,000)
(11,342,000)
(8,899,000)
(7,163,000)
Purchases of Intangible Assets
—
—
—
(9,000)
Proceeds from Sale of Intangible Assets
—
—
—
936,000
Purchases of Investments
(37,109,000)
(35,955,000)
(19,112,000)
(5,835,000)
Proceeds from Sale of Investments
30,158,000
28,510,000
12,491,000
22,000
Payments for Business Acquisitions
—
—
(64,000)
—
Other Investing Activities
—
—
—
76,000
Cash from Investing Activities
(15,478,000)
(18,787,000)
(15,584,000)
(11,973,000)
Issuance of Long-Term Debt
5,586,000
5,744,000
3,931,000
—
Repayments of Long-Term Debt
(5,650,000)
(2,881,000)
(1,815,000)
(3,866,000)
Net Issuance / (Repayments) of Long-Term Debt
(64,000)
2,863,000
2,116,000
(3,866,000)
Issuance of Common Shares
1,186,000
1,241,000
700,000
541,000
Net Issuance / (Repurchases) of Common Shares
1,186,000
1,241,000
700,000
541,000
Other Financing Activities
17,000
(251,000)
(227,000)
(202,000)
Cash from Financing Activities
1,139,000
3,853,000
2,589,000
(3,527,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
171,000
(141,000)
4,000
(444,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash