TSLA Income Statement - Financials - Tesla, Inc.

Financials

Financial Statements

As filed with the SEC — statements parsed verbatim from EDGAR (line items, order and subtotals exactly as reported). 10-K filed 2026-01-29 · 10-Q filed 2026-04-23.

Income Statement

Consolidated Statements of Operations — shares in Millions, $ in Millions

Line Item	12 Months Ended · Dec. 31, 2025	12 Months Ended · Dec. 31, 2024	12 Months Ended · Dec. 31, 2023
Revenues
Revenues	$ 94,827	$ 97,690	$ 96,773
Cost of revenues
Total cost of revenues	77,733	80,240	79,113
Gross profit	17,094	17,450	17,660
Operating expenses
Research and development	6,411	4,540	3,969
Selling, general and administrative	5,834	5,150	4,800
Restructuring and other	494	684	0
Total operating expenses	12,739	10,374	8,769
Income from operations	4,355	7,076	8,891
Interest income	1,680	1,569	1,066
Interest expense	(338)	(350)	(156)
Other (expense) income, net	(419)	695	172
Income before income taxes	5,278	8,990	9,973
Provision for (benefit from) income taxes	1,423	1,837	(5,001)
Net income	3,855	7,153	14,974
Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries	61	62	(23)
Net income attributable to common stockholders	$ 3,794	$ 7,091	$ 14,997
Net income per share of common stock attributable to common stockholders
Basic (in dollars per share)	$ 1.18	$ 2.23	$ 4.73
Diluted (in dollars per share)	$ 1.08	$ 2.04	$ 4.30
Weighted average shares used in computing net income per share of common stock
Basic (in shares)	3,225	3,197	3,174
Diluted (in shares)	3,528	3,498	3,485
Automotive Revenues
Revenues
Revenues	$ 69,526	$ 77,070	$ 82,419
Cost of revenues
Total cost of revenues	57,165	62,873	66,389
Automotive sales
Revenues
Revenues	65,821	72,480	78,509
Cost of revenues
Total cost of revenues	56,267	61,870	65,121
Automotive regulatory credits
Revenues
Revenues	1,993	2,763	1,790
Automotive leasing
Revenues
Revenues	1,712	1,827	2,120
Cost of revenues
Total cost of revenues	898	1,003	1,268
Energy generation and storage
Revenues
Revenues	12,771	10,086	6,035
Cost of revenues
Total cost of revenues	8,969	7,446	4,894
Services and other
Revenues
Revenues	12,530	10,534	8,319
Cost of revenues
Total cost of revenues	$ 11,599	$ 9,921	$ 7,830

Line Item	3 Months Ended · Mar. 31, 2026	3 Months Ended · Sep. 30, 2025
Revenues
Revenues	$ 22,387	3,475
Cost of revenues
Total cost of revenues	17,667	$ 3,109
Gross profit	4,720	5,054
Operating expenses
Research and development	1,946	1,630
Selling, general and administrative	1,833	1,562
Restructuring and other	0	238
Total operating expenses	3,779	3,430
Income from operations	941	1,624
Interest income	434	439
Interest expense	(92)	(76)
Other expense, net	(535)	—
Income before income taxes	748	1,959
Provision for income taxes	257	—
Net income	491	1,389
Net income attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries	14	16
Net income attributable to common stockholders	$ 477	$ 1,373
Net income per share of common stock attributable to common stockholders
Basic (in dollars per share)	$ 0.15	$ 0.43
Diluted (in dollars per share)	$ 0.13	$ 0.39
Weighted average shares used in computing net income per share of common stock
Basic (in shares)	3,234	3,227
Diluted (in shares)	3,538	3,526
Automotive Revenues
Revenues
Revenues	$ 16,234	3,475
Cost of revenues
Total cost of revenues	12,812	$ 3,109
Automotive sales
Revenues
Revenues	15,473	3,475
Cost of revenues
Total cost of revenues	12,616	$ 3,109
Automotive regulatory credits
Revenues
Revenues	380	3,475
Automotive leasing
Revenues
Revenues	381	3,475
Cost of revenues
Total cost of revenues	196	$ 3,109
Energy generation and storage
Revenues
Revenues	2,408	3,475
Cost of revenues
Total cost of revenues	1,456	$ 3,109
Services and other
Revenues
Revenues	3,745	3,475
Cost of revenues
Total cost of revenues	$ 3,399	$ 3,109