Tesla's Income Statement Analysis: Revenue to Profit Breakdown
Tesla's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$53.82 B | $81.46 B | $96.77 B | $97.69 B | $94.83 B | $97.88 B |
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Cost of Revenue Direct cost of goods/services. |
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$40.22 B | $60.61 B | $79.11 B | $80.24 B | $77.73 B | $79.22 B |
Gross Profit Revenue minus cost of revenue. |
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$13.61 B | $20.85 B | $17.66 B | $17.45 B | $17.09 B | $18.66 B |
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Operating Expense
Costs to run business. |
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$7.11 B | $7.20 B | $8.77 B | $10.37 B | $12.74 B | $13.76 B |
Research and Development Investment in innovation. |
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$2.59 B | $3.08 B | $3.97 B | $4.54 B | $6.41 B | $6.95 B |
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Sales, General and Administrative
Selling and admin costs. |
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$4.52 B | $3.95 B | $4.80 B | $5.15 B | $5.83 B | $6.42 B |
General and Administrative Corporate overhead costs. |
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$4.52 B | $3.95 B | $4.80 B | $5.15 B | $5.83 B | $6.42 B |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | - |
Other Expenses Other operating costs. |
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- | $176.00 M | - | $684.00 M | $494.00 M | $400.00 M |
Operating Income Profit from operations. |
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$6.52 B | $13.66 B | $8.89 B | $7.08 B | $4.36 B | $4.90 B |
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Net Interest Income
Interest income minus expense. |
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-$315.00 M | $106.00 M | $910.00 M | $1.22 B | $1.34 B | $1.38 B |
Interest Income Income from investments. |
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$56.00 M | $297.00 M | $1.07 B | $1.57 B | $1.68 B | $1.71 B |
Interest Expense Cost of borrowing. |
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$371.00 M | $191.00 M | $156.00 M | $350.00 M | $338.00 M | $339.00 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$191.00 M | -$254.00 M | -$1.24 B | -$2.26 B | -$1.26 B | -$879.00 M |
Total Other Income (Net) Net non-operating items. |
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-$180.00 M | $63.00 M | $1.08 B | $1.91 B | $923.00 M | $540.00 M |
Income Before Tax Profit before taxes. |
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$6.34 B | $13.72 B | $9.97 B | $8.99 B | $5.28 B | $5.44 B |
Income Tax Expense Taxes on income. |
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$699.00 M | $1.13 B | -$5.00 B | $1.84 B | $1.42 B | $1.51 B |
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Net Income
Final profit. |
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$5.52 B | $12.58 B | $15.00 B | $7.13 B | $3.79 B | $3.88 B |
Net Income From Continuing Operations Profit from core business. |
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$5.64 B | $12.59 B | $14.97 B | $7.15 B | $3.86 B | $3.93 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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$5.00 M | $27.00 M | $2.00 M | $39.00 M | - | - |
Net Income Deductions Reductions from net income. |
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-$4.00 M | -$1.00 M | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$1.87 | $4.02 | $4.73 | $2.23 | $1.18 | $1.20 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$1.63 | $3.62 | $4.31 | $2.04 | $1.08 | $1.09 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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2.96 B | 3.13 B | 3.17 B | 3.20 B | 3.23 B | 3.23 B |
Diluted Average Shares Outst. Shares including dilution. |
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3.39 B | 3.48 B | 3.48 B | 3.50 B | 3.54 B | 3.54 B |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$6.71 B | $13.91 B | $10.13 B | $9.34 B | $5.62 B | $5.78 B |
EBITDA Earnings before interest, tax, D&A. |
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$9.63 B | $17.66 B | $14.80 B | $14.71 B | $11.76 B | $10.48 B |
Depreciation and Amortization Non-cash expense for assets. |
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$2.91 B | $3.75 B | $4.67 B | $5.37 B | $6.15 B | $4.70 B |
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Tesla's Assets vs Liabilities & Equity
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