Tesla Financials

Stock price (TSLA)

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Most recent Tesla SEC filings

The freshness frontier — the latest filing of each material form type, sourced live from EDGAR. The 10-K marked “Anchors this page” is the source of every hand-curated value; the others are surfaced for transparency.

4 material filings have been filed since the anchor 10-K above (1 10-K/A, 1 10-Q, 2 8-K). The financial metrics on this page (revenue, R&D, capex, capital returns, cash) reflect what's been disclosed at fiscal-year-end; quarterly cuts in the 10-Qs filed since are not yet folded into the annual charts. The 10-K marked “Anchors this page” remains the source for the per-FY values shown.

Annual revenue

As reported on the consolidated statement of operations in each year's 10-K. Tesla's fiscal year is the calendar year; FY2025 covers the year ending December 31, 2025. The pre-2012 minimal-revenue years reflect the period before Model S delivery; the 2017–2019 Model 3 ramp and the 2020–2022 explosive Model Y growth dominate the visible arc. Sourced live from SEC EDGAR XBRL; the underlying tag is RevenueFromContractWithCustomerExcludingAssessedTax (post-ASC-606) with a fallback to Revenues for older years.

Revenue by line (Automotive / Energy / Services breakdown)

Tesla disaggregates revenue across five lines per the Revenue note in each year's 10-K: Automotive sales (vehicle deliveries), Automotive regulatory credits (sales of ZEV / CAFE / state credits to other automakers — see the dedicated sub-callout below), Automotive leasing, Energy generation and storage (Megapack / Powerwall / solar), and Services and other (used vehicles, parts and after-sales, retail merchandise, Tesla insurance, Supercharging from non-Tesla vehicles). For Tesla's reportable-segment view, the first three roll into the Automotive segment and Energy is its own segment; Services and other sits inside the Automotive segment for segment-disclosure purposes. The chart below uses the five-line revenue cut. Hand-curated from each year's 10-K Revenue note; EDGAR companyfacts does not expose the disaggregation.

Automotive regulatory credits — the declining-margin lever

Tesla sells regulatory credits (ZEV credits, state-EV credits, federal CAFE / GHG credits) to other automakers that need them to meet compliance obligations. These sales historically carried near-100% margin and have been a load-bearing margin lever in some fiscal years — in particularly tight years, regulatory-credits revenue has approached or exceeded GAAP operating income on its own. The trajectory has been declining toward zero as other automakers electrify their fleets and no longer need to buy credits from Tesla; the 2025 reversal / restructuring of the federal EV tax credit further reshaped the credit-market dynamics. The bars below isolate the Automotive regulatory credits line from the five-line revenue disaggregation above.

FSD revenue recognition — the deferred-revenue mechanic

Tesla's FSD (Full Self-Driving) / Autopilot package is sold to customers as a one-time purchase (with a separate subscription option). Revenue recognition: a portion of the FSD-package sale revenue is recognized upfront at vehicle delivery — the portion attributable to features available at the time of delivery (e.g. lane-keep, adaptive cruise, basic Autopilot). The remainder is deferred and recognized over time as additional FSD features are released through over-the-air software updates; this is the access-to-FSD-features performance obligation. The cumulative deferred balance attributable to that performance obligation is disclosed in the 10-K's Revenue note and on the balance sheet's Deferred revenue, current / long-term lines. Subscription FSD revenue (the monthly fee) is recognized over the subscription period.

Quarterly production and deliveries

Tesla discloses production and delivery counts via a wire release 2–3 business days after each quarter ends — separately from the 10-Q filing that lands ~3 weeks later. This is the most-watched single Tesla disclosure stream. The table below aggregates the per-model-line counts as Tesla itself reports them: Model 3 / Y in one column (the high-volume passenger lines), and Other models in a second column (Model S, Model X, Cybertruck, Semi, future Cybercab). The wire-release date is the date of the production / delivery 8-K, not the 10-Q filing date.

Em-dashes indicate cells that have not yet been verified against the underlying 8-K.

Capital expenditures (gigafactories + Dojo + Optimus + Cybercab)

Annual cash spent on property, plant, and equipment — the core capex line on Tesla's cash-flow statement. Bar height is absolute dollars; the percentage in each label is capex as a share of revenue that fiscal year. Tesla does not break out capex by program in its 10-K, but the MD&A narrative attributes the spend to gigafactory build-out (Fremont, Shanghai, Berlin, Austin, Nevada), the Dojo AI-training supercomputer, the Optimus humanoid-robot production line, and Cybercab / Robotaxi factory tooling. Sourced live from SEC EDGAR XBRL (PaymentsToAcquirePropertyPlantAndEquipment). Last ten fiscal years shown.

Major acquisitions

Tesla's acquisition history is short; SolarCity (November 2016) is the load-bearing item. Acquisition-attributable revenue is rolled into the segment line that absorbs the target (SolarCity into Energy generation and storage; Maxwell into Automotive cost-of-revenue via cell-tech IP) and is not separately disclosed.

Capital returns: the absence is the story

Tesla has never paid a common-stock dividend and has not run a meaningful share-buyback program. The board authorized $5.0B in share repurchases in 2022-09-30; cumulative utilization under that authorization has been minimal. Tesla's capital-allocation posture is reinvestment into growth capex (gigafactories, Dojo, Optimus, Cybercab) rather than capital returns; the absence is the distinctive fact, in contrast to the dividend-aristocrat and heavy-buyback peers covered elsewhere on this site.

Share count history (with stock-split and Musk-pay-package annotations)

Weighted-average diluted shares outstanding per fiscal year, on a split-adjusted basis (the 2020 5-for-1 and 2022 3-for-1 splits are reflected in every historical value). The Musk-pay-package cap-table impact tracks through the Tornetta-saga procedural milestones: the 2018 board approved a $56B equity grant with 12 tranches contingent on market-cap and operational milestones; through 2023 Tesla had granted most of the milestones; the January 30, 2024 Delaware Chancery (Chancellor McCormick) ruling voided the package; the June 13, 2024 shareholder vote re-ratified it; Tesla reincorporated in Texas; appeals are ongoing. The cap-table impact appears here; the governance narrative lives on the sibling leadership page.

Year-end headcount

Total full-time employees as disclosed in each year's 10-K Human Capital Resources section. The multi-gigafactory ramp (Shanghai 2019, Berlin 2022, Austin 2022) drove the FY2020–FY2023 climb; the April 2024 ~10% layoff round produced the visible step-down into FY2024.

Other metrics

Operating income, net income, stock-based compensation, operating cash flow, and year-end cash & equivalents — the standard 10-K-derived secondary metrics. Last ten fiscal years shown. All values pulled live from SEC EDGAR XBRL.

Key events on the revenue timeline

Product launches, leadership transitions, gigafactory openings, stock splits, layoff rounds, and the Tornetta-pay-package procedural milestones that shape the revenue and cap-table arc above.

Methodology & data sources