Tesla Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	94,827	97,690	96,773	81,462	53,823
Revenue Growth (YoY)	-2.93%	0.95%	18.80%	51.35%	70.67%
Cost of Revenue	77,733	80,240	79,113	60,609	40,217
Gross Profit	17,094	17,450	17,660	20,853	13,606
Selling, General & Admin	5,834	5,150	4,800	3,946	4,517
Research & Development	6,411	4,540	3,969	3,075	2,593
Other Operating Expenses	494	101	-	140	-27
Operating Expenses	12,739	9,791	8,769	7,161	7,083
Operating Income	4,355	7,659	8,891	13,692	6,523
Interest Expense	-338	-350	-156	-191	-371
Interest & Investment Income	1,680	1,569	1,066	297	56
Currency Exchange Gain (Loss)	407	57	122	-89	97
Other Non Operating Income (Expenses)	-826	638	50	46	38
EBT Excluding Unusual Items	5,278	9,573	9,973	13,755	6,343
Merger & Restructuring Charges	-	-583	-	-36	-
Pretax Income	5,278	8,990	9,973	13,719	6,343
Income Tax Expense	1,423	1,837	-5,001	1,132	699
Earnings From Continuing Operations	3,855	7,153	14,974	12,587	5,644
Minority Interest in Earnings	-61	-62	23	-31	-125
Net Income	3,794	7,091	14,997	12,556	5,519
Preferred Dividends & Other Adjustments	-	-39	-2	-27	-5
Net Income to Common	3,794	7,130	14,999	12,583	5,524
Net Income Growth	-46.50%	-52.72%	19.44%	127.50%	665.47%
Shares Outstanding (Basic)	3,225	3,197	3,174	3,130	2,959
Shares Outstanding (Diluted)	3,528	3,498	3,485	3,475	3,386
Shares Change (YoY)	0.86%	0.37%	0.29%	2.63%	4.22%
EPS (Basic)	1.18	2.23	4.73	4.02	1.87
EPS (Diluted)	1.08	2.04	4.30	3.62	1.63
EPS Growth	-47.06%	-52.56%	18.74%	121.61%	678.13%
Free Cash Flow	6,220	3,581	4,357	7,561	4,983
Free Cash Flow Per Share	1.76	1.02	1.25	2.18	1.47
Gross Margin	18.03%	17.86%	18.25%	25.60%	25.28%
Operating Margin	4.59%	7.84%	9.19%	16.81%	12.12%
Profit Margin	4.00%	7.30%	15.50%	15.45%	10.26%
Free Cash Flow Margin	6.56%	3.67%	4.50%	9.28%	9.26%
EBITDA	10,503	13,027	13,558	17,235	9,434
EBITDA Margin	11.08%	13.33%	14.01%	21.16%	17.53%
D&A For EBITDA	6,148	5,368	4,667	3,543	2,911
EBIT	4,355	7,659	8,891	13,692	6,523
EBIT Margin	4.59%	7.84%	9.19%	16.81%	12.12%
Effective Tax Rate	26.96%	20.43%	-	8.25%	11.02%
Revenue as Reported	94,827	97,690	96,773	81,462	53,823

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.