Tesla Inc. (TSLA) financial statements: income statement, balance sheet and cash flow
Tesla Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Tesla Inc. reported revenue of $94.8B (-2.9% year on year) and net income of $3.9B (-46.1% year on year).
Income statement
Tesla Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenues
$94.8B
$97.7B
$96.8B
$10.0B
Total cost of revenues
$77.7B
$80.2B
$79.1B
$60.6B
Gross profit
$17.1B
$17.4B
$17.7B
$20.9B
Research and development
$6.4B
$4.5B
$4.0B
$3.1B
Selling, general and administrative
$5.8B
$5.2B
$4.8B
$3.9B
Restructuring and other
$494.0M
$684.0M
$0
$176.0M
Total operating expenses
$12.7B
$10.4B
$8.8B
$7.2B
Income from operations
$4.4B
$7.1B
$8.9B
$13.7B
Interest income
$1.7B
$1.6B
$1.1B
$297.0M
Interest expense
($338.0M)
($350.0M)
($156.0M)
($191.0M)
Other (expense) income, net
($419.0M)
$695.0M
$172.0M
($43.0M)
Income before income taxes
$5.3B
$9.0B
$10.0B
$13.7B
Provision for (benefit from) income taxes
$1.4B
$1.8B
($5.0B)
$1.1B
Net income
$3.9B
$7.2B
$15.0B
$12.6B
Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries
$61.0M
$62.0M
($23.0M)
$31.0M
Net income attributable to common stockholders
$3.8B
$7.1B
$15.0B
$12.6B
Basic (in dollars per share)
$1.18
$2.23
$4.73
$4.02
Diluted (in dollars per share)
$1.08
$2.04
$4.30
$3.62
Basic (in shares)
3.2B
3.2B
3.2B
3.1B
Diluted (in shares)
3.5B
3.5B
3.5B
3.5B
Tesla Inc. income statement, quarters
Line item
Sep 30, 2026 · Q3
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Total revenues
$28.0B
$28.2B
$22.4B
$28.1B
Total cost of revenues
$22.6B
$23.5B
$17.7B
$23.0B
Gross profit
$5.5B
$4.8B
$4.7B
$5.1B
Research and development
$2.8B
$2.4B
$1.9B
$1.6B
Selling, general and administrative
$2.0B
$2.0B
$1.8B
$1.6B
Restructuring and other
$0
$0
$0
$238.0M
Total operating expenses
$4.8B
$4.4B
$3.8B
$3.4B
Income from operations
$718.0M
$398.0M
$941.0M
$1.6B
Interest income
$445.0M
$422.0M
$434.0M
$439.0M
Interest expense
($90.0M)
($81.0M)
($92.0M)
($76.0M)
Other (expense) income, net
($117.0M)
$590.0M
($535.0M)
($28.0M)
Income before income taxes
$956.0M
$1.3B
$748.0M
$2.0B
Provision for income taxes
$152.0M
$201.0M
$257.0M
$570.0M
Net income
$804.0M
$1.1B
$491.0M
$1.4B
Net income attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries
$17.0M
$14.0M
$14.0M
$16.0M
Net income attributable to common stockholders
$787.0M
$1.1B
$477.0M
$1.4B
Basic (in dollars per share)
$0.24
$0.34
$0.15
$0.43
Diluted (in dollars per share)
$0.22
$0.32
$0.13
$0.39
Basic (in shares)
3.2B
3.2B
3.2B
3.2B
Diluted (in shares)
3.5B
3.5B
3.5B
3.5B
Balance sheet
Tesla Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$16.5B
$16.1B
$16.4B
$16.3B
Short-term investments
$27.5B
$20.4B
$12.7B
$5.9B
Accounts receivable, net
$4.6B
$4.4B
$3.5B
$3.0B
Inventory
$12.4B
$12.0B
$13.6B
$12.8B
Prepaid expenses and other current assets
$7.6B
$5.4B
$3.4B
$2.9B
Total current assets
$68.6B
$58.4B
$49.6B
$40.9B
Operating lease vehicles, net
$4.9B
$5.6B
$6.0B
$5.0B
Energy generation and storage systems, net
$4.6B
$4.9B
$5.2B
$5.5B
Property, plant and equipment, net
$40.6B
$35.8B
$29.7B
$23.5B
Operating lease right-of-use assets
$6.0B
$5.2B
$4.2B
$2.6B
Digital assets
$1.0B
—
—
—
Deferred tax assets
$6.9B
$6.5B
$6.7B
—
Other non-current assets
$5.0B
$4.2B
$4.5B
$4.2B
Total assets
$137.8B
$122.1B
$106.6B
$82.3B
Accounts payable
$13.4B
$12.5B
$14.4B
$15.3B
Accrued liabilities and other
$13.3B
$10.7B
$9.1B
$7.1B
Deferred revenue
$3.4B
$3.2B
$2.9B
$1.7B
Current portion of debt and finance leases
$1.6B
$2.5B
$2.4B
$1.5B
Total current liabilities
$31.7B
$28.8B
$28.7B
$26.7B
Debt and finance leases, net of current portion
$6.7B
$5.8B
$2.9B
$1.6B
Deferred revenue, net of current portion
$3.6B
$3.3B
$3.3B
$2.8B
Other long-term liabilities
$12.9B
$10.5B
$8.2B
$5.3B
Total liabilities
$54.9B
$48.4B
$43.0B
$36.4B
Redeemable noncontrolling interests in subsidiaries
$58.0M
$63.0M
$242.0M
$409.0M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding
0
0
0
0
Common stock; $0.001 par value; 6,000 shares authorized; 3,751 and 3,216 shares issued and outstanding as of December 31, 2025 and 2024, respectively
3.0M
3.0M
3.0M
3.0M
Additional paid-in capital
$42.8B
$38.4B
$34.9B
$32.2B
Accumulated other comprehensive income (loss)
$361.0M
($670.0M)
($143.0M)
($361.0M)
Retained earnings
$39.0B
$35.2B
$27.9B
$12.9B
Total stockholders’ equity
$82.1B
$72.9B
$62.6B
$44.7B
Noncontrolling interests in subsidiaries
$670.0M
$704.0M
$733.0M
$785.0M
Total liabilities and equity
$137.8B
$122.1B
$106.6B
$82.3B
Tesla Inc. balance sheet, quarters
Line item
Sep 30, 2026
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Cash and cash equivalents
$17.9B
$15.2B
$16.6B
$18.3B
Short-term investments
$27.6B
$28.3B
$28.1B
$23.4B
Accounts receivable, net
$4.6B
$4.1B
$4.0B
$4.7B
Inventory
$14.1B
$13.8B
$14.4B
$12.3B
Prepaid expenses and other current assets
$6.2B
$7.4B
$6.6B
$6.0B
Total current assets
$70.4B
$68.8B
$69.7B
$64.7B
Operating lease vehicles, net
$4.0B
$4.3B
$4.5B
$5.0B
Energy generation and storage systems, net
$4.5B
$4.5B
$4.6B
$4.7B
Property, plant and equipment, net
$50.6B
$47.3B
$43.2B
$39.4B
Operating lease right-of-use assets
$6.6B
$6.4B
$6.3B
$5.8B
Digital assets
$962.0M
$674.0M
$786.0M
$1.3B
Deferred tax assets
$7.9B
$7.2B
$7.1B
$6.6B
Other non-current assets
$12.6B
$9.5B
$7.5B
$5.9B
Total assets
$157.5B
$148.5B
$143.7B
$133.7B
Accounts payable
$17.2B
$15.3B
$14.7B
$12.8B
Accrued liabilities and other
$17.2B
$15.3B
$14.6B
$12.8B
Deferred revenue
$4.7B
$3.4B
$3.4B
$3.8B
Current portion of debt and finance leases
$1.4B
$1.4B
$1.4B
$1.9B
Total current liabilities
$40.5B
$35.4B
$34.1B
$31.3B
Debt and finance leases, net of current portion
$8.1B
$7.9B
$7.8B
$5.8B
Deferred revenue, net of current portion
$4.1B
$4.1B
$3.8B
$3.7B
Other long-term liabilities
$14.9B
$13.6B
$13.2B
$12.2B
Total liabilities
$67.6B
$61.0B
$58.9B
$53.0B
Redeemable noncontrolling interests in subsidiaries
$54.0M
$54.0M
$57.0M
$59.0M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding
0
0
0
0
Common stock; $0.001 par value; 6,000 shares authorized; 3,953 and 3,751 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively
4.0M
4.0M
3.0M
3.0M
Additional paid-in capital
$47.4B
$45.9B
$44.3B
$41.6B
Accumulated other comprehensive income
$489.0M
$401.0M
$334.0M
$207.0M
Retained earnings
$41.4B
$40.6B
$39.5B
$38.2B
Total stockholders’ equity
$89.3B
$86.9B
$84.1B
$80.0B
Noncontrolling interests in subsidiaries
$546.0M
$607.0M
$629.0M
$687.0M
Total liabilities and equity
$157.5B
$148.5B
$143.7B
$133.7B
Cash flow statement
Tesla Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$3.9B
$7.2B
$15.0B
$12.6B
Depreciation, amortization and impairment
$6.1B
$5.4B
$4.7B
$3.7B
Stock-based compensation
$2.8B
$2.0B
$1.8B
$1.6B
Inventory and purchase commitments write-downs
$362.0M
$335.0M
$463.0M
$177.0M
Foreign currency transaction net unrealized loss (gain)
$452.0M
($73.0M)
($144.0M)
$81.0M
Deferred income taxes
$123.0M
$477.0M
($6.3B)
—
Non-cash interest and other operating activities
$272.0M
$172.0M
$81.0M
$340.0M
Digital assets loss (gain), net
$68.0M
($589.0M)
$0
$140.0M
Accounts receivable
($261.0M)
($1.1B)
($586.0M)
($1.1B)
Inventory
($630.0M)
$937.0M
($1.2B)
($6.5B)
Operating lease vehicles
($25.0M)
($590.0M)
($2.0B)
($1.6B)
Prepaid expenses and other assets
($3.2B)
($3.3B)
($2.7B)
($1.4B)
Accounts payable, accrued and other liabilities
$4.4B
$3.6B
$2.6B
$6.0B
Deferred revenue
$363.0M
$502.0M
$1.5B
$1.1B
Net cash provided by operating activities
$14.7B
$14.9B
$13.3B
$14.7B
Purchases of property and equipment excluding finance leases, net of sales
($8.5B)
($11.3B)
($8.9B)
($7.2B)
Purchases of investments
($37.1B)
($36.0B)
($19.1B)
($5.8B)
Proceeds from maturities of investments
$30.2B
$28.3B
$12.4B
$22.0M
Proceeds from sales of investments
$0
$200.0M
$138.0M
—
Business combinations, net of cash acquired
$0
$0
($64.0M)
$0
Net cash used in investing activities
($15.5B)
($18.8B)
($15.6B)
($12.0B)
Proceeds from issuances of debt
$5.6B
$5.7B
$3.9B
$0
Repayments of debt
($5.5B)
($2.5B)
($1.4B)
—
Proceeds from exercises of stock options and other stock issuances, net of issuance costs
1.2B
1.2B
700.0M
541.0M
Principal payments on finance leases
($104.0M)
($381.0M)
($464.0M)
($502.0M)
Proceeds received from directors in shareholder settlement
$277.0M
—
—
—
Payment of legal fees associated with shareholder settlement
($176.0M)
—
—
—
Debt issuance costs
($6.0M)
($14.0M)
($29.0M)
$0
Distributions paid to noncontrolling interests in subsidiaries
($78.0M)
($104.0M)
($144.0M)
($157.0M)
Payments for buy-outs of noncontrolling interests in subsidiaries
$0
($133.0M)
($54.0M)
($45.0M)
Net cash provided by financing activities
$1.1B
$3.9B
$2.6B
($3.5B)
Effect of exchange rate changes on cash and cash equivalents and restricted cash
$171.0M
($141.0M)
$4.0M
($444.0M)
Net increase (decrease) in cash and cash equivalents and restricted cash
$579.0M
($152.0M)
$265.0M
($1.2B)
Cash and cash equivalents and restricted cash, beginning of period
$17.0B
$17.2B
$16.9B
$18.1B
Cash and cash equivalents and restricted cash, end of period
$17.6B
$17.0B
$17.2B
$16.9B
Acquisitions of property and equipment included in liabilities
$1.9B
$1.4B
$2.3B
$2.1B
Cash paid during the period for interest
$292.0M
$277.0M
$126.0M
$152.0M
Tesla Inc. cash flow statement, quarters
Line item
Sep 30, 2026 · YTD
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Net income
$2.4B
$1.6B
$491.0M
$3.0B
Depreciation, amortization and impairment
$5.1B
$3.2B
$1.6B
$4.5B
Stock-based compensation
$3.3B
$2.2B
$1.0B
$1.9B
Inventory write-downs
$230.0M
$187.0M
$77.0M
$313.0M
Foreign currency transaction net unrealized loss
$901.0M
$599.0M
$287.0M
$160.0M
Deferred income taxes
($658.0M)
($301.0M)
($136.0M)
$234.0M
SpaceX equity investment unrealized gain
($863.0M)
($1.0B)
—
—
Digital assets unrealized loss (gain)
$46.0M
$334.0M
$222.0M
($239.0M)
Non-cash interest and other operating activities
$43.0M
$33.0M
$1.0M
$235.0M
Accounts receivable
($188.0M)
$377.0M
$561.0M
($306.0M)
Inventory
($2.0B)
($1.7B)
($2.3B)
($416.0M)
Operating lease vehicles
$300.0M
$260.0M
$174.0M
$54.0M
Prepaid expenses and other assets
($2.8B)
($1.0B)
$231.0M
($2.3B)
Accounts payable, accrued and other liabilities
$7.3B
$3.3B
$1.4B
$3.0B
Deferred revenue
$1.7B
$491.0M
$263.0M
$825.0M
Net cash provided by operating activities
$14.9B
$8.6B
$3.9B
$10.9B
Purchases of property and equipment excluding finance leases, net of sales
($13.0B)
($8.3B)
($2.5B)
($6.1B)
Purchase of SpaceX equity investment
($2.0B)
($2.0B)
($2.0B)
—
Purchases of short-term investments
($22.6B)
($16.3B)
($8.3B)
—
Proceeds from maturities of short-term investments
$22.7B
$15.6B
$7.8B
—
Purchase of intangible assets
($7.0M)
($7.0M)
—
—
Net cash used in investing activities
($14.9B)
($11.0B)
($5.0B)
($8.9B)
Proceeds from issuances of debt
$5.8B
$4.7B
$4.3B
$4.2B
Repayments of debt
($5.0B)
($3.9B)
($3.5B)
($4.8B)
Debt issuance costs
($53.0M)
($4.0M)
—
($5.0M)
Proceeds from exercises of stock options and other stock issuances, net of issuance costs
782.0M
468.0M
361.0M
1.0B
Principal payments on finance leases
($63.0M)
($37.0M)
($18.0M)
($85.0M)
Proceeds received from directors in shareholder settlement
$0
$0
$0
$277.0M
Recovery (payment) of legal fees associated with shareholder settlement
$116.0M
$116.0M
$98.0M
—
Distributions paid to noncontrolling interests in subsidiaries
($126.0M)
($91.0M)
($70.0M)
($56.0M)
Net cash provided by financing activities
$1.5B
$1.2B
$1.2B
$429.0M
Effect of exchange rate changes on cash and cash equivalents and restricted cash
($115.0M)
($83.0M)
($47.0M)
$134.0M
Net increase in cash and cash equivalents and restricted cash
$1.4B
($1.2B)
$39.0M
$2.5B
Cash and cash equivalents and restricted cash, beginning of period
$17.6B
$17.6B
$17.6B
$17.0B
Cash and cash equivalents and restricted cash, end of period
$19.0B
$16.4B
$17.7B
$19.6B
Acquisitions of property and equipment included in liabilities
$3.7B
$2.6B
$2.8B
$1.6B
Leased assets obtained in exchange for operating lease liabilities
$1.3B
$886.0M
$565.0M
$1.2B
Tax credits for property and equipment included in assets
$857.0M
—
—
—
Leased assets obtained in exchange for finance lease liabilities