Tesla Inc
NASDAQ:TSLA
Income Statement
Earnings Waterfall
Tesla Inc
Income Statement
Tesla Inc
| Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
4
|
3
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
20
|
27
|
33
|
45
|
56
|
78
|
101
|
116
|
109
|
109
|
119
|
133
|
155
|
172
|
199
|
258
|
320
|
390
|
471
|
521
|
577
|
635
|
663
|
671
|
679
|
690
|
685
|
697
|
695
|
672
|
748
|
678
|
583
|
546
|
371
|
322
|
291
|
205
|
167
|
146
|
130
|
128
|
156
|
203
|
261
|
315
|
350
|
365
|
365
|
349
|
338
|
|
| Revenue |
108
N/A
|
112
+4%
|
112
0%
|
113
+1%
|
99
-13%
|
117
+18%
|
145
+24%
|
175
+21%
|
201
+15%
|
204
+2%
|
185
-9%
|
154
-17%
|
146
-5%
|
413
+182%
|
945
+129%
|
1 323
+40%
|
1 705
+29%
|
2 013
+18%
|
2 072
+3%
|
2 436
+18%
|
2 857
+17%
|
3 198
+12%
|
3 518
+10%
|
3 703
+5%
|
3 788
+2%
|
4 046
+7%
|
4 253
+5%
|
4 568
+7%
|
5 930
+30%
|
7 000
+18%
|
8 549
+22%
|
10 069
+18%
|
10 755
+7%
|
11 759
+9%
|
12 471
+6%
|
13 684
+10%
|
17 524
+28%
|
21 461
+22%
|
22 594
+5%
|
24 941
+10%
|
24 420
-2%
|
24 578
+1%
|
26 022
+6%
|
25 708
-1%
|
28 176
+10%
|
31 536
+12%
|
35 940
+14%
|
41 862
+16%
|
46 848
+12%
|
53 823
+15%
|
62 190
+16%
|
67 166
+8%
|
74 863
+11%
|
81 462
+9%
|
86 035
+6%
|
94 028
+9%
|
95 924
+2%
|
96 773
+1%
|
94 745
-2%
|
95 318
+1%
|
97 150
+2%
|
97 690
+1%
|
95 724
-2%
|
92 720
-3%
|
95 633
+3%
|
94 827
-1%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(105)
|
(102)
|
(96)
|
(94)
|
(78)
|
(86)
|
(100)
|
(118)
|
(136)
|
(143)
|
(132)
|
(114)
|
(132)
|
(383)
|
(829)
|
(1 111)
|
(1 381)
|
(1 557)
|
(1 557)
|
(1 809)
|
(2 080)
|
(2 317)
|
(2 531)
|
(2 716)
|
(2 822)
|
(3 123)
|
(3 337)
|
(3 591)
|
(4 547)
|
(5 401)
|
(6 535)
|
(7 662)
|
(8 536)
|
(9 536)
|
(10 460)
|
(11 721)
|
(14 486)
|
(17 419)
|
(18 443)
|
(20 488)
|
(20 299)
|
(20 509)
|
(21 284)
|
(20 625)
|
(22 221)
|
(24 906)
|
(28 329)
|
(32 634)
|
(36 023)
|
(40 217)
|
(45 339)
|
(48 965)
|
(54 940)
|
(60 609)
|
(66 131)
|
(73 825)
|
(76 925)
|
(79 113)
|
(77 900)
|
(78 428)
|
(79 441)
|
(80 240)
|
(78 817)
|
(76 513)
|
(79 369)
|
(77 733)
|
|
| Gross Profit |
2
N/A
|
10
+305%
|
15
+62%
|
20
+27%
|
21
+8%
|
31
+45%
|
45
+46%
|
57
+27%
|
65
+14%
|
62
-5%
|
54
-13%
|
40
-26%
|
14
-65%
|
30
+114%
|
116
+286%
|
212
+82%
|
324
+53%
|
456
+41%
|
515
+13%
|
628
+22%
|
777
+24%
|
882
+14%
|
987
+12%
|
987
+0%
|
967
-2%
|
924
-4%
|
916
-1%
|
977
+7%
|
1 383
+41%
|
1 599
+16%
|
2 015
+26%
|
2 407
+19%
|
2 219
-8%
|
2 222
+0%
|
2 011
-10%
|
1 963
-2%
|
3 038
+55%
|
4 042
+33%
|
4 151
+3%
|
4 453
+7%
|
4 121
-7%
|
4 069
-1%
|
4 737
+16%
|
5 083
+7%
|
5 955
+17%
|
6 630
+11%
|
7 611
+15%
|
9 228
+21%
|
10 825
+17%
|
13 606
+26%
|
16 851
+24%
|
18 201
+8%
|
19 923
+9%
|
20 853
+5%
|
19 904
-5%
|
20 203
+2%
|
18 999
-6%
|
17 660
-7%
|
16 845
-5%
|
16 890
+0%
|
17 709
+5%
|
17 450
-1%
|
16 907
-3%
|
16 207
-4%
|
16 264
+0%
|
17 094
+5%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(55)
|
(61)
|
(77)
|
(104)
|
(139)
|
(178)
|
(213)
|
(250)
|
(287)
|
(313)
|
(347)
|
(380)
|
(398)
|
(424)
|
(427)
|
(429)
|
(462)
|
(518)
|
(615)
|
(744)
|
(902)
|
(1 068)
|
(1 232)
|
(1 374)
|
(1 498)
|
(1 640)
|
(1 778)
|
(1 908)
|
(2 044)
|
(2 267)
|
(2 691)
|
(3 086)
|
(3 520)
|
(3 855)
|
(3 983)
|
(4 212)
|
(4 308)
|
(4 295)
|
(4 285)
|
(4 120)
|
(3 969)
|
(3 989)
|
(3 896)
|
(3 865)
|
(4 189)
|
(4 636)
|
(5 407)
|
(5 888)
|
(6 239)
|
(7 110)
|
(7 245)
|
(7 324)
|
(7 349)
|
(7 021)
|
(7 200)
|
(7 517)
|
(8 237)
|
(8 769)
|
(9 447)
|
(9 664)
|
(9 475)
|
(9 690)
|
(9 825)
|
(10 429)
|
(11 396)
|
(12 245)
|
|
| Selling, General & Administrative |
(35)
|
(42)
|
(52)
|
(66)
|
(76)
|
(85)
|
(92)
|
(92)
|
(99)
|
(104)
|
(108)
|
(122)
|
(132)
|
(150)
|
(167)
|
(191)
|
(230)
|
(286)
|
(356)
|
(430)
|
(508)
|
(604)
|
(681)
|
(749)
|
(831)
|
(922)
|
(1 045)
|
(1 164)
|
(1 265)
|
(1 432)
|
(1 717)
|
(1 934)
|
(2 250)
|
(2 477)
|
(2 559)
|
(2 772)
|
(2 849)
|
(2 834)
|
(2 852)
|
(2 749)
|
(2 614)
|
(2 646)
|
(2 569)
|
(2 583)
|
(2 875)
|
(3 145)
|
(3 574)
|
(3 886)
|
(3 992)
|
(4 517)
|
(4 453)
|
(4 441)
|
(4 408)
|
(3 946)
|
(4 030)
|
(4 260)
|
(4 552)
|
(4 800)
|
(5 098)
|
(5 184)
|
(5 117)
|
(5 150)
|
(5 027)
|
(5 116)
|
(5 492)
|
(5 834)
|
|
| Research & Development |
(19)
|
(19)
|
(25)
|
(38)
|
(64)
|
(93)
|
(121)
|
(158)
|
(185)
|
(209)
|
(236)
|
(259)
|
(266)
|
(274)
|
(260)
|
(238)
|
(232)
|
(232)
|
(259)
|
(314)
|
(394)
|
(465)
|
(550)
|
(624)
|
(667)
|
(718)
|
(733)
|
(743)
|
(779)
|
(834)
|
(974)
|
(1 152)
|
(1 269)
|
(1 378)
|
(1 423)
|
(1 439)
|
(1 459)
|
(1 460)
|
(1 433)
|
(1 371)
|
(1 354)
|
(1 343)
|
(1 327)
|
(1 282)
|
(1 314)
|
(1 491)
|
(1 833)
|
(2 130)
|
(2 375)
|
(2 593)
|
(2 792)
|
(2 883)
|
(3 005)
|
(3 075)
|
(2 981)
|
(3 257)
|
(3 685)
|
(3 969)
|
(4 349)
|
(4 480)
|
(4 358)
|
(4 540)
|
(4 798)
|
(5 313)
|
(5 904)
|
(6 411)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
128
|
128
|
0
|
0
|
0
|
64
|
0
|
(189)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(52)
N/A
|
(52)
+1%
|
(61)
-18%
|
(85)
-38%
|
(118)
-40%
|
(147)
-24%
|
(168)
-15%
|
(193)
-15%
|
(222)
-15%
|
(251)
-13%
|
(293)
-16%
|
(340)
-16%
|
(384)
-13%
|
(394)
-3%
|
(311)
+21%
|
(217)
+30%
|
(139)
+36%
|
(61)
+56%
|
(100)
-63%
|
(117)
-17%
|
(125)
-7%
|
(187)
-49%
|
(245)
-31%
|
(387)
-58%
|
(531)
-37%
|
(717)
-35%
|
(862)
-20%
|
(930)
-8%
|
(661)
+29%
|
(667)
-1%
|
(677)
-1%
|
(680)
0%
|
(1 301)
-91%
|
(1 632)
-25%
|
(1 972)
-21%
|
(2 249)
-14%
|
(1 270)
+44%
|
(253)
+80%
|
(134)
+47%
|
334
N/A
|
152
-54%
|
80
-47%
|
841
+952%
|
1 218
+45%
|
1 766
+45%
|
1 994
+13%
|
2 204
+11%
|
3 340
+52%
|
4 586
+37%
|
6 496
+42%
|
9 606
+48%
|
10 877
+13%
|
12 574
+16%
|
13 832
+10%
|
12 704
-8%
|
12 686
0%
|
10 762
-15%
|
8 891
-17%
|
7 398
-17%
|
7 226
-2%
|
8 234
+14%
|
7 760
-6%
|
7 082
-9%
|
5 778
-18%
|
4 868
-16%
|
4 849
0%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(20)
|
(27)
|
(33)
|
(44)
|
(55)
|
(75)
|
(100)
|
(112)
|
(105)
|
(108)
|
(117)
|
(130)
|
(150)
|
(165)
|
(164)
|
(230)
|
(314)
|
(388)
|
(399)
|
(490)
|
(479)
|
(542)
|
(637)
|
(567)
|
(640)
|
(538)
|
(593)
|
(623)
|
(576)
|
(548)
|
(832)
|
(651)
|
(651)
|
(724)
|
(90)
|
(153)
|
(92)
|
14
|
105
|
336
|
564
|
762
|
1 032
|
1 000
|
1 052
|
1 145
|
1 276
|
1 254
|
1 298
|
1 324
|
1 342
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(103)
|
(130)
|
(135)
|
(179)
|
(193)
|
(167)
|
(149)
|
(106)
|
12
|
12
|
0
|
(27)
|
(50)
|
(101)
|
(101)
|
(85)
|
(268)
|
(230)
|
(264)
|
0
|
(47)
|
(34)
|
0
|
0
|
(622)
|
(677)
|
(684)
|
(778)
|
(156)
|
(339)
|
(494)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(125)
|
(162)
|
(73)
|
0
|
|
| Total Other Income |
(2)
|
(1)
|
(7)
|
(12)
|
(8)
|
(7)
|
(5)
|
2
|
(2)
|
(3)
|
(2)
|
(1)
|
(3)
|
(2)
|
16
|
17
|
19
|
23
|
12
|
9
|
4
|
2
|
(30)
|
(15)
|
(25)
|
(42)
|
(10)
|
(31)
|
(27)
|
85
|
67
|
57
|
51
|
(178)
|
(155)
|
(128)
|
(75)
|
20
|
9
|
(12)
|
(54)
|
(3)
|
(63)
|
(84)
|
(281)
|
(8)
|
91
|
121
|
326
|
38
|
68
|
100
|
13
|
46
|
(147)
|
153
|
275
|
50
|
663
|
255
|
(45)
|
638
|
500
|
937
|
1 083
|
(419)
|
|
| Pre-Tax Income |
(57)
N/A
|
(56)
+3%
|
(69)
-24%
|
(97)
-40%
|
(127)
-31%
|
(154)
-22%
|
(174)
-13%
|
(194)
-12%
|
(224)
-16%
|
(254)
-13%
|
(295)
-16%
|
(342)
-16%
|
(387)
-13%
|
(396)
-2%
|
(295)
+26%
|
(220)
+26%
|
(147)
+33%
|
(71)
+51%
|
(132)
-85%
|
(162)
-23%
|
(196)
-20%
|
(285)
-45%
|
(387)
-36%
|
(507)
-31%
|
(664)
-31%
|
(876)
-32%
|
(1 003)
-15%
|
(1 111)
-11%
|
(853)
+23%
|
(746)
+13%
|
(840)
-13%
|
(936)
-11%
|
(1 638)
-75%
|
(2 209)
-35%
|
(2 616)
-18%
|
(2 959)
-13%
|
(2 017)
+32%
|
(1 005)
+50%
|
(870)
+13%
|
(511)
+41%
|
(607)
-19%
|
(665)
-10%
|
50
N/A
|
570
+1 044%
|
949
+67%
|
1 154
+22%
|
1 617
+40%
|
2 760
+71%
|
4 087
+48%
|
6 343
+55%
|
9 436
+49%
|
10 617
+13%
|
12 371
+17%
|
13 719
+11%
|
12 893
-6%
|
13 356
+4%
|
11 765
-12%
|
9 973
-15%
|
9 061
-9%
|
7 911
-13%
|
8 657
+9%
|
8 990
+4%
|
7 933
-12%
|
7 695
-3%
|
6 863
-11%
|
5 278
-23%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(3)
|
(3)
|
(4)
|
(7)
|
(9)
|
(12)
|
(14)
|
(12)
|
(13)
|
(14)
|
(14)
|
(21)
|
(27)
|
(48)
|
(60)
|
(52)
|
(754)
|
(735)
|
(733)
|
(750)
|
(58)
|
(75)
|
(81)
|
(90)
|
(110)
|
(89)
|
(91)
|
(251)
|
(292)
|
(359)
|
(453)
|
(490)
|
(699)
|
(976)
|
(1 066)
|
(1 148)
|
(1 132)
|
(1 047)
|
(1 165)
|
(1 027)
|
5 001
|
4 779
|
4 731
|
4 296
|
(1 837)
|
(1 576)
|
(1 564)
|
(1 532)
|
(1 423)
|
|
| Income from Continuing Operations |
(57)
|
(56)
|
(69)
|
(97)
|
(127)
|
(154)
|
(174)
|
(194)
|
(224)
|
(254)
|
(295)
|
(342)
|
(388)
|
(396)
|
(295)
|
(220)
|
(148)
|
(74)
|
(135)
|
(166)
|
(203)
|
(294)
|
(398)
|
(521)
|
(676)
|
(889)
|
(1 017)
|
(1 126)
|
(874)
|
(773)
|
(888)
|
(996)
|
(1 689)
|
(2 963)
|
(3 351)
|
(3 692)
|
(2 766)
|
(1 063)
|
(946)
|
(592)
|
(697)
|
(775)
|
(39)
|
479
|
698
|
862
|
1 258
|
2 307
|
3 597
|
5 644
|
8 460
|
9 551
|
11 223
|
12 587
|
11 846
|
12 191
|
10 738
|
14 974
|
13 840
|
12 642
|
12 953
|
7 153
|
6 357
|
6 131
|
5 331
|
3 855
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
98
|
165
|
230
|
282
|
279
|
287
|
247
|
253
|
86
|
(23)
|
(67)
|
(139)
|
(95)
|
(113)
|
(118)
|
(173)
|
(172)
|
(146)
|
(157)
|
(129)
|
(120)
|
(61)
|
(38)
|
(36)
|
(4)
|
(58)
|
44
|
56
|
25
|
73
|
(32)
|
(21)
|
(23)
|
(61)
|
(63)
|
(63)
|
(61)
|
|
| Net Income (Common) |
(57)
N/A
|
(56)
+2%
|
(69)
-24%
|
(97)
-40%
|
(127)
-31%
|
(154)
-21%
|
(174)
-13%
|
(194)
-12%
|
(224)
-16%
|
(254)
-13%
|
(295)
-16%
|
(342)
-16%
|
(388)
-13%
|
(396)
-2%
|
(295)
+26%
|
(220)
+25%
|
(148)
+33%
|
(74)
+50%
|
(135)
-82%
|
(166)
-23%
|
(203)
-22%
|
(294)
-45%
|
(398)
-35%
|
(521)
-31%
|
(676)
-30%
|
(889)
-31%
|
(1 017)
-14%
|
(1 126)
-11%
|
(874)
+22%
|
(675)
+23%
|
(723)
-7%
|
(766)
-6%
|
(1 407)
-84%
|
(1 961)
-39%
|
(2 341)
-19%
|
(2 722)
-16%
|
(1 791)
+34%
|
(976)
+45%
|
(969)
+1%
|
(659)
+32%
|
(836)
-27%
|
(870)
-4%
|
(152)
+83%
|
360
N/A
|
525
+46%
|
690
+31%
|
1 112
+61%
|
2 150
+93%
|
3 468
+61%
|
5 524
+59%
|
8 399
+52%
|
9 513
+13%
|
11 187
+18%
|
12 583
+12%
|
11 788
-6%
|
12 235
+4%
|
10 794
-12%
|
14 999
+39%
|
13 913
-7%
|
12 610
-9%
|
12 932
+3%
|
7 130
-45%
|
6 296
-12%
|
6 068
-4%
|
5 268
-13%
|
3 794
-28%
|
|
| EPS (Diluted) |
-0.55
N/A
|
-0.53
+4%
|
-0.64
-21%
|
-0.84
-31%
|
-0.09
+89%
|
-0.2
-122%
|
-0.12
+40%
|
-0.14
-17%
|
-0.15
-7%
|
-0.17
-13%
|
-0.19
-12%
|
-0.22
-16%
|
-0.25
-14%
|
-0.25
N/A
|
-0.15
+40%
|
-0.13
+13%
|
-0.08
+38%
|
-0.04
+50%
|
-0.08
-100%
|
-0.09
-12%
|
-0.11
-22%
|
-0.16
-45%
|
-0.21
-31%
|
-0.28
-33%
|
-0.36
-29%
|
-0.46
-28%
|
-0.52
-13%
|
-0.53
-2%
|
-0.37
+30%
|
-0.31
+16%
|
-0.29
+6%
|
-0.32
-10%
|
-0.58
-81%
|
-0.78
-34%
|
-0.92
-18%
|
-1.06
-15%
|
-0.67
+37%
|
-0.38
+43%
|
-0.38
N/A
|
-0.25
+34%
|
-0.31
-24%
|
-0.33
-6%
|
-0.04
+88%
|
0.11
N/A
|
0.17
+55%
|
0.21
+24%
|
0.33
+57%
|
0.64
+94%
|
1.03
+61%
|
1.63
+58%
|
2.41
+48%
|
2.74
+14%
|
3.24
+18%
|
3.62
+12%
|
3.4
-6%
|
3.53
+4%
|
3.11
-12%
|
4.3
+38%
|
3.99
-7%
|
3.61
-10%
|
3.7
+2%
|
2.04
-45%
|
1.8
-12%
|
1.73
-4%
|
1.5
-13%
|
1.07
-29%
|
|