Automotive
Sales and leasing of electric vehicles, regulatory credit sales, and related services such as software and charging.
Stock research
Tesla, Inc. (TSLA) Stock Research
Tesla is the leading maker of battery-electric vehicles and a producer of energy-storage and solar products.
For the fiscal year ended December 31, 2025, Tesla, Inc. reported revenue of $94.8B and net income of $3.8B, with operating cash flow of $14.7B. Source: SEC filing 0001628280-26-003952
- $94.8B
- FY ending 2025-12-31
- $3.8B
- FY ending 2025-12-31
- $1.08
- 4.0%
Reported SEC XBRL figures. Each metric’s period and original filing are listed below.
Loading delayed market data…
Delayed Cboe One market data via TradingView. It may differ from primary-exchange or consolidated quotes.
How Tesla makes money
Its ambitions in autonomy, robotics, and AI make it one of the most closely watched and volatile large-cap stocks.
Energy generation and storage
Megapack and Powerwall battery storage systems and solar energy products.
- NASDAQ: TSLA
- Consumer Discretionary
- Motor Vehicles & Passenger Car Bodies (SIC 3711)
- December 31
- Austin, Texas
- 2003
TSLA key financials
Reported figures from Tesla, Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.
| Metric | Value | Period | Source |
|---|---|---|---|
| Revenue | $94.8B | 2025-01-01 – 2025-12-31 | SEC filing |
| Net income | $3.8B | 2025-01-01 – 2025-12-31 | SEC filing |
| Operating cash flow | $14.7B | 2025-01-01 – 2025-12-31 | SEC filing |
| Diluted EPS | $1.08 | 2025-01-01 – 2025-12-31 | SEC filing |
| Net margin | 4.0% | 2025-01-01 – 2025-12-31 | SEC filing |
| Shares outstanding | 3.75B | As of 2026-01-23 | SEC filing |
Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.
Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.
What investors should watch in TSLA
For Tesla, Inc., the most important recurring operating and market variables are:
- ◆Vehicle deliveries, pricing, and automotive gross margin
- ◆Energy storage deployments and Megapack demand
- ◆Automotive regulatory credit sales under changing emissions rules
- ◆Robotaxi service expansion and FSD (Supervised) subscription uptake
- ◆Development of Optimus and other AI robotics products
Key questions for the TSLA thesis
Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.
How much has the core auto business shrunk?
Automotive sales fell 9% to $65.8 billion in 2025 and total automotive revenues were $69.5 billion, down 10%, within total revenue of $94.8 billion. Item 7 breaks out leasing and services; compare unit trends and pricing commentary with the risk factors on international variants and delivery logistics.
Is energy storage becoming a second engine?
Energy generation and storage revenue rose 27% to $12.8 billion in 2025 and the company deployed 46.7 GWh of storage products. Item 1 ties Megapack demand to AI-driven grid load growth, while noting that the OBBBA changed IRA tax-credit eligibility; check segment gross profit to see whether growth is profitable.
How dependent are earnings on regulatory credits?
Automotive regulatory credit revenue dropped 28% to $2.0 billion in 2025, and the 10-K says governmental actions such as the OBBBA have restricted certain credit programs. With audited net income of $3.8 billion, or $1.08 per diluted share, credits remain a material share of profit; model their decline explicitly.
What does the AI pivot mean for the financials?
Item 1 now frames the company around FSD (Supervised), the Robotaxi service launched in June 2025, Cybercab, and Optimus robots, and Item 1A adds that Optimus is in a nascent industry with no commercial track record. The filing also discloses a January 2026 agreement for a minority investment in xAI and Elon Musk's other commitments; read Item 9B.
Does TSLA's reported profit turn into cash?
Operating cash flow was $14.7B, 3.89 times net income of $3.8B, for the fiscal year ended December 31, 2025.
Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.
How much of TSLA's revenue is left as profit?
Net income was 4.0% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.
Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.
Members-only research
What members are reading this month
- Seagate: More Terabytes, Better Economics
Seagate’s capacity-density thesis as of January 28, 2026, separating known qualifications and financials from an uncertain next phase.
- Sandisk: NAND Pricing Meets a Better Product Mix
Sandisk’s NAND pricing, BiCS8 and enterprise qualification as of December 1, 2025, and why that was already a late entry.
The thesis, the numbers behind it, and what would break it. Full access is $39 a month.
Read the full researchTSLA primary sources
- Latest annual report: Form 10-K/A filed April 30, 2026
- Latest quarterly report: Form 10-Q filed July 23, 2026
- Form 10-K (fiscal 2025) — Item 1 Business and Item 1A Risk Factors
- Tesla investor relations
- Tesla filings at the SEC
How we source and review company pages: research methodology.
Congressional trading in TSLA
| Politician | Trade date | Type | Owner | Amount | Source |
|---|---|---|---|---|---|
| Gilbert Cisneros | 2026-08-18 | Sale | Self | $1,001 - $15,000 | Filing #20035390 |
| Gilbert Cisneros | 2026-05-29 | Purchase | Self | $1,001 - $15,000 | Filing #20034713 |
| Gilbert Cisneros | 2026-04-14 | Purchase | Self | $1,001 - $15,000 | Filing #20034500 |
| Alan Armstrong | 2026-03-30 | Purchase | Self | $1,001 - $15,000 | Filing #fda235b3-bad7-4637-8fa1-053f354d929c |
| Alan Armstrong | 2026-03-27 | Purchase | Self | $15,001 - $50,000 | Filing #fda235b3-bad7-4637-8fa1-053f354d929c |
| Gilbert Cisneros | 2026-03-13 | Sale | Self | $15,001 - $50,000 | Filing #20034285 |
| Gilbert Cisneros | 2026-01-09 | Purchase | Self | $1,001 - $15,000 | Filing #20033983 |
| Gilbert Cisneros | 2025-11-18 | Purchase | Self | $1,001 - $15,000 | Filing #20033619 |
| Lisa McClain | 2025-10-31 | Sale | Spouse | $1,001 - $15,000 | Filing #20033446 |
| Lisa McClain | 2025-10-30 | Purchase | Spouse | $1,001 - $15,000 | Filing #20033446 |
All verified TSLA congressional disclosures
Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.
Compare TSLA with similar companies
Tesla peers
General Motors Company (GM)Motor Vehicles & Passenger Car BodiesFord Motor Company (F)Motor Vehicles & Passenger Car BodiesAmazon.com, Inc. (AMZN)Retail-Catalog & Mail-Order HousesNIKE, Inc. (NKE)Rubber & Plastics FootwearThe TJX Companies, Inc. (TJX)Retail-Family Clothing StoresMGM Resorts International (MGM)Hotels & Motels
TSLA — frequently asked questions
What does Tesla, Inc. do?
Tesla is the leading maker of battery-electric vehicles and a producer of energy-storage and solar products. Its filings describe these business lines: Automotive, Energy generation and storage.
What were TSLA's latest reported annual revenue and net income?
For the fiscal year ended December 31, 2025, Tesla, Inc. reported revenue of $94.8B and net income of $3.8B, with operating cash flow of $14.7B. The figures come from Tesla, Inc.'s SEC XBRL filings.
When does Tesla, Inc.'s fiscal year end?
The SEC lists Tesla, Inc.'s fiscal year end as December 31.
Do members of Congress trade TSLA?
The current verified House and Senate snapshot contains 59 transaction rows for TSLA, each linked to the original filing.
Where is Tesla, Inc. headquartered?
Tesla, Inc. is headquartered in Austin, Texas and was founded in 2003.
Is TSLA a good investment?
This page does not rate TSLA as a buy or sell. It sets out what Tesla, Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.
This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.
What do the TSLA numbers leave unanswered?
Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.
Members-only research
$39/mo or $249/yr · cancel future renewals anytime · sources included