Tesla, Inc. (TSLA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 22.39B | 24.9B | 28.09B | 22.5B | 19.34B | 25.71B | 25.18B | 25.5B | 21.3B | 25.17B | 23.35B | 24.93B | 23.33B | 24.32B | 21.45B | 16.93B | 18.76B | 17.72B | 13.76B | 11.96B |
| Revenue Growth % | 15.78% | -3.14% | 11.57% | -11.78% | -9.23% | 2.15% | 7.85% | 2.3% | -8.69% | 3.49% | 8.84% | 47.2% | 24.38% | 37.24% | 55.95% | 41.61% | 80.54% | 64.92% | 56.85% | 98.11% |
| Cost of Goods Sold | 17.67B | 19.89B | 23.04B | 18.62B | 16.18B | 21.53B | 20.18B | 20.92B | 17.61B | 20.73B | 19.17B | 20.39B | 18.82B | 18.54B | 16.07B | 12.7B | 13.3B | 12.87B | 10.1B | 9.07B |
| COGS % of Revenue | 78.92% | 79.88% | 82.01% | 82.76% | 83.69% | 83.74% | 80.16% | 82.05% | 82.65% | 82.37% | 82.11% | 81.81% | 80.66% | 76.24% | 74.91% | 75% | 70.89% | 72.65% | 73.4% | 75.88% |
| Gross Profit | 4.72B | 5.01B | 5.05B | 3.88B | 3.15B | 4.18B | 5B | 4.58B | 3.7B | 4.44B | 4.18B | 4.53B | 4.51B | 5.78B | 5.38B | 4.23B | 5.46B | 4.85B | 3.66B | 2.88B |
| Gross Margin % | 21.08% | 20.12% | 17.99% | 17.24% | 16.31% | 16.26% | 19.84% | 17.95% | 17.35% | 17.63% | 17.89% | 18.19% | 19.34% | 23.76% | 25.09% | 25% | 29.11% | 27.35% | 26.6% | 24.12% |
| Gross Profit Growth % | 49.7% | 19.86% | 1.14% | -15.29% | -14.69% | -5.84% | 19.6% | 0.99% | -18.07% | -23.18% | -22.37% | 7.06% | -17.38% | 19.19% | 47.05% | 46.81% | 146.5% | 134.61% | 77.41% | 127.62% |
| Operating Expenses | 3.78B | 3.6B | 3.43B | 2.96B | 2.75B | 2.6B | 2.28B | 2.97B | 2.52B | 2.37B | 2.41B | 2.13B | 1.85B | 1.88B | 1.69B | 1.77B | 1.86B | 2.23B | 1.66B | 1.57B |
| OpEx % of Revenue | 16.88% | 14.46% | 12.21% | 13.14% | 14.24% | 10.1% | 9.05% | 11.66% | 11.85% | 9.43% | 10.34% | 8.56% | 7.92% | 7.71% | 7.9% | 10.45% | 9.9% | 12.61% | 12.04% | 13.15% |
| Selling, General & Admin | 1.83B | 1.66B | 1.56B | 1.37B | 1.25B | 1.31B | 1.19B | 1.28B | 1.37B | 1.28B | 1.25B | 1.19B | 1.08B | 1.03B | 961M | 961M | 992M | 1.49B | 994M | 973M |
| SG&A % of Revenue | 8.19% | 6.65% | 5.56% | 6.07% | 6.47% | 5.11% | 4.71% | 5.01% | 6.45% | 5.09% | 5.37% | 4.78% | 4.61% | 4.24% | 4.48% | 5.67% | 5.29% | 8.43% | 7.23% | 8.14% |
| Research & Development | 1.95B | 1.78B | 1.63B | 1.59B | 1.41B | 1.28B | 1.04B | 1.07B | 1.15B | 1.09B | 1.16B | 943M | 771M | 810M | 733M | 667M | 865M | 740M | 611M | 576M |
| R&D % of Revenue | 8.69% | 7.16% | 5.8% | 7.06% | 7.29% | 4.96% | 4.13% | 4.21% | 5.4% | 4.35% | 4.97% | 3.78% | 3.3% | 3.33% | 3.42% | 3.94% | 4.61% | 4.18% | 4.44% | 4.82% |
| Other Operating Expenses | 0 | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 1000K | 0 | 0 | 1000K | 1000K |
| Operating Income | 941M | 1.41B | 1.62B | 923M | 399M | 1.58B | 2.72B | 1.6B | 1.17B | 2.06B | 1.76B | 2.4B | 2.66B | 3.9B | 3.69B | 2.46B | 3.6B | 2.61B | 2B | 1.31B |
| Operating Margin % | 4.2% | 5.66% | 5.78% | 4.1% | 2.06% | 6.16% | 10.79% | 6.29% | 5.5% | 8.2% | 7.55% | 9.62% | 11.42% | 16.04% | 17.19% | 14.55% | 19.21% | 14.75% | 14.57% | 10.97% |
| Operating Income Growth % | 135.84% | -10.99% | -40.23% | -42.49% | -65.93% | -23.3% | 54.02% | -33.1% | -56.04% | -47.09% | -52.17% | -2.64% | -26.06% | 49.29% | 84.03% | 87.8% | 506.57% | 354.43% | 147.71% | 301.22% |
| EBITDA | 840M | 3.05B | 3.25B | 2.36B | 1.85B | 3.08B | 4.07B | 2.88B | 2.42B | 3.3B | 3B | 3.55B | 3.71B | 4.89B | 4.64B | 3.39B | 4.48B | 3.46B | 2.77B | 1.99B |
| EBITDA Margin % | 3.75% | 12.26% | 11.56% | 10.47% | 9.55% | 11.98% | 16.14% | 11.31% | 11.35% | 13.1% | 12.84% | 14.25% | 15.9% | 20.11% | 21.65% | 20% | 23.9% | 19.53% | 20.1% | 16.67% |
| EBITDA Growth % | -54.5% | -0.88% | -20.07% | -18.28% | -23.62% | -6.58% | 35.55% | -18.86% | -34.85% | -32.6% | -35.42% | 4.93% | -17.24% | 41.29% | 67.96% | 69.89% | 268.97% | 190.11% | 98.49% | 122.93% |
| D&A (Non-Cash Add-back) | 0 | 1.64B | 1.63B | 1.43B | 1.45B | 1.5B | 1.35B | 1.28B | 1.25B | 1.23B | 1.24B | 1.15B | 1.05B | 989M | 956M | 922M | 880M | 848M | 761M | 681M |
| EBIT | 840M | 1.27B | 2.04B | 1.64B | 680M | 2.86B | 2.88B | 1.97B | 1.63B | 2.25B | 2.08B | 2.96B | 2.83B | 4.02B | 3.69B | 2.52B | 3.69B | 2.71B | 2.01B | 1.37B |
| Net Interest Income | 342M | 364M | 363M | 306M | 309M | 346M | 337M | 262M | 274M | 272M | 244M | 210M | 184M | 124M | 33M | -18M | -33M | -46M | -116M | -64M |
| Interest Income | 434M | 449M | 439M | 392M | 400M | 442M | 429M | 348M | 350M | 333M | 282M | 238M | 213M | 157M | 86M | 26M | 28M | 25M | 10M | 11M |
| Interest Expense | 92M | 85M | 76M | 86M | 91M | 96M | 92M | 86M | 76M | 61M | 38M | 28M | 29M | 33M | 53M | 44M | 61M | 71M | 126M | 75M |
| Other Income/Expense | -193M | -228M | 335M | 626M | 190M | 1.18B | 67M | 182M | 717M | 127M | 281M | 538M | 136M | 82M | -52M | 10M | 23M | 22M | -122M | -19M |
| Pretax Income | 748M | 1.18B | 1.96B | 1.55B | 589M | 2.77B | 2.78B | 1.79B | 1.89B | 2.19B | 2.04B | 2.94B | 2.8B | 3.98B | 3.64B | 2.47B | 3.63B | 2.63B | 1.88B | 1.29B |
| Pretax Margin % | 3.34% | 4.74% | 6.97% | 6.89% | 3.05% | 10.76% | 11.06% | 7.01% | 8.86% | 8.71% | 8.76% | 11.78% | 12% | 16.38% | 16.95% | 14.61% | 19.33% | 14.87% | 13.68% | 10.81% |
| Income Tax | 257M | 325M | 570M | 359M | 169M | 434M | 601M | 371M | 483M | -5.75B | 167M | 323M | 261M | 276M | 305M | 205M | 346M | 292M | 223M | 115M |
| Effective Tax Rate % | 34.36% | 27.52% | 29.1% | 23.18% | 28.69% | 15.69% | 21.59% | 20.76% | 25.58% | -262.53% | 8.17% | 11% | 9.32% | 6.93% | 8.39% | 8.29% | 9.54% | 11.08% | 11.85% | 8.89% |
| Net Income | 491M | 840M | 1.37B | 1.17B | 409M | 2.31B | 2.17B | 1.4B | 1.39B | 7.93B | 1.85B | 2.7B | 2.51B | 3.71B | 3.29B | 2.26B | 3.32B | 2.32B | 1.62B | 1.14B |
| Net Margin % | 2.19% | 3.37% | 4.89% | 5.21% | 2.12% | 9% | 8.61% | 5.49% | 6.53% | 31.51% | 7.94% | 10.84% | 10.77% | 15.27% | 15.34% | 13.34% | 17.69% | 13.1% | 11.76% | 9.55% |
| Net Income Growth % | 20.05% | -63.7% | -36.64% | -16.29% | -70.58% | -70.82% | 16.95% | -48.21% | -44.69% | 113.52% | -43.71% | 19.65% | -24.26% | 60.02% | 103.46% | 97.81% | 657.53% | 871.13% | 439.33% | 998.08% |
| Net Income (Continuing) | 491M | 856M | 1.39B | 1.19B | 420M | 2.33B | 2.18B | 1.42B | 1.41B | 7.94B | 1.88B | 2.61B | 2.54B | 3.71B | 3.33B | 2.27B | 3.28B | 2.34B | 1.66B | 1.18B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 629M | 728M | 746M | 758M | 765M | 767M | 779M | 795M | 802M | 975M | 1.03B | 1.05B | 1.18B | 1.19B | 1.27B | 1.28B | 1.32B | 1.39B | 1.44B | 1.45B |
| EPS (Diluted) | 0.13 | 0.24 | 0.39 | 0.33 | 0.12 | 0.66 | 0.62 | 0.40 | 0.41 | 2.27 | 0.53 | 0.78 | 0.73 | 1.07 | 0.95 | 0.65 | 0.95 | 0.54 | 0.48 | 0.34 |
| EPS Growth % | 11.88% | -63.53% | -37.1% | -16.75% | -71.66% | -71.01% | 16.98% | -48.72% | -43.84% | 112.15% | -44.21% | 20% | -23.16% | 98.15% | 97.92% | 91.18% | 630.77% | 661.64% | 430.39% | 914.93% |
| EPS (Basic) | 0.15 | 0.26 | 0.43 | 0.36 | 0.13 | 0.72 | 0.68 | 0.44 | 0.45 | 2.49 | 0.58 | 0.85 | 0.80 | 1.18 | 1.05 | 0.73 | 1.07 | 0.77 | 0.54 | 0.39 |
| Diluted Shares Outstanding | 3.54B | 3.54B | 3.53B | 3.52B | 3.52B | 3.52B | 3.5B | 3.48B | 3.48B | 3.49B | 3.49B | 3.48B | 3.47B | 3.48B | 3.47B | 3.46B | 3.47B | 4.3B | 3.37B | 3.36B |
| Basic Shares Outstanding | 3.23B | 3.23B | 3.23B | 3.22B | 3.22B | 3.21B | 3.2B | 3.19B | 3.19B | 3.18B | 3.18B | 3.17B | 3.17B | 3.16B | 3.15B | 3.11B | 3.1B | 3.04B | 2.99B | 2.91B |
| Dividend Payout Ratio | 14.26% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |