A Business at a Glance
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Tesla, Inc.
TSLA
$1.1T
Mkt Cap
$313.03
-2.08%
Tesla, Inc. (TSLA) has a current P/E ratio of 289.8, compared to its historical median P/E of 45.0. The stock is currently considered Expensive based on its historical valuation range.
Tesla, Inc. (TSLA) has a 5-year average return on invested capital (ROIC) of 28.2%. This indicates strong capital allocation and a potential competitive advantage.
Tesla, Inc. (TSLA) has a market capitalization of $1.2T. It is classified as a mega-cap stock.
Tesla, Inc. (TSLA) does not currently pay a regular dividend.
Based on historical P/E analysis, Tesla, Inc. (TSLA) appears expensive. The current P/E of 289.8 is 544% above its historical median of 45.0. The estimated fair value CAGR (P/E method) is 62.6%.
Tesla, Inc. (TSLA) operates in the Motor Vehicles & Passenger Car Bodies industry, within the Consumer Cyclical sector.
Tesla, Inc. (TSLA) reported annual revenue of $94.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
Tesla designs, develops, manufactures, and sells high-performance fully electric vehicles—the Model 3, Y, S, X, and Cybertruck—as well as energy generation and storage systems, operating through two reportable segments: automotive and energy generation and storage. The automotive segment includes vehicle sales and leasing, automotive regulatory credits, used vehicle sales, non-warranty maintenance, Supercharging sessions, automotive insurance, and merchandise; the company sells vehicles directly through its website and company-owned stores, emphasizing cost control and brand strength through vertical integration and in-house software development. The energy segment offers Powerwall for residential and small commercial use, Megapack for utility and commercial applications, solar panels, and Solar Roof, with software platforms (Autobidder and Powerhub) enabling remote control and optimization; Tesla leverages proprietary lithium-ion battery cell chemistry, power electronics, and AI-driven software to differentiate its products and reduce customer ownership costs. The company's core competitive advantages include vertically integrated manufacturing, proprietary full self-driving (FSD) technology powered by vision-based AI and custom inference chips, over-the-air software updates, and a growing global Supercharger network; in June 2025, Tesla launched Robotaxi, an autonomous ride-hailing platform using Model Y vehicles with plans to introduce the purpose-built Cybercab, and is developing Optimus, a general-purpose humanoid robot. Tesla operates globally with manufacturing facilities and retail, service, and charging infrastructure across multiple regions, and is investing substantially in compute infrastructure (Cortex training clusters) and semiconductor manufacturing partnerships to support AI training and inference at scale.
【Autonomous scaling and AI expansion】 Management expects substantial increases in capital expenditure and vehicle production in 2026 as Tesla ramps six new production lines across vehicles, Bots, energy storage, and battery manufacturing while expanding its Robotaxi service to dozens of major cities pending regulatory approval. The company anticipates unsupervised FSD and Robotaxi revenue to become material in 2026, with Optimus production ramping significantly by year-end and a second Optimus factory beginning production around summer 2026, positioning the robot as potentially Tesla's largest product. Energy storage demand remains robust with strong backlog and expected high growth driven by AI and data center applications, though the company expects margin compression from increased competition, tariff impacts, and policy uncertainty. Tesla plans to continue elevated spending on AI-related initiatives, including development of its AI5 chip and new products, throughout 2026, while working to resolve battery pack capacity constraints through expanded internal LFP and 4680 cell manufacturing and increased supplier sourcing.
| Metric | Target | Period |
|---|---|---|
| Capital Expenditures | over $25 billion | FY2026 |
| Capital Expenditures | in excess of $20 billion | FY2026 |
Capital Expenditures (FY2026): “Based on that, our current expectation for 2026 is over $25 billion of CapEx.”
Capital Expenditures (FY2026): “But like, as Elon already mentioned, this year is going to be a huge investment year from a CapEx perspective. And at the moment, we are expecting that CapEx will be in excess of $20 billion.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Automotive Revenues | $47.23B | $71.46B | $82.42B | $77.07B | $69.53B | 39% |
Automotive sales | $44.13B | $67.21B | $78.51B | $72.48B | $65.82B | 37% |
Energy generation and storage | $2.79B | $3.91B | $6.04B | $10.09B | $12.77B | 7% |
Services and other | $3.80B | $6.09B | $8.32B | $10.53B | $12.53B | 7% |
Energy generation and storage sales | $2.28B | $3.38B | $5.51B | $9.56B | $12.27B | 7% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 97.9B | 94.8B | 97.7B | 96.8B | 81.5B | 53.8B |
| Net Income | 3.9B | 3.8B | 7.1B | 15.0B | 12.6B | 5.5B |
| EPS | $1.13 | $1.08 | $2.04 | $4.30 | $3.62 | $0.54 |
| Free Cash Flow | 7.0B | 6.2B | 3.6B | 4.4B | 7.6B | 5.0B |
| ROIC | 7.5% | 6.7% | 13.1% | 26.7% | 57.1% | 37.5% |
| Gross Margin | 19.1% | 18.0% | 17.9% | 18.2% | 25.6% | 25.3% |
| Debt/Equity | 0.09 | 0.18 | 0.18 | 0.14 | 0.09 | 0.23 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 4.9B | 4.4B | 7.1B | 8.9B | 13.7B | 6.5B |
| Operating Margin | 5.0% | 4.6% | 7.2% | 9.2% | 16.8% | 12.1% |
| ROE | 4.6% | 4.9% | 10.5% | 27.9% | 33.6% | 21.1% |
| Shares Outstanding | 3,755M | 3,513M | 3,495M | 3,488M | 3,476M | 10,167M |
Tesla, Inc. passes 6 of 9 quality checks, suggesting mixed fundamentals.
Tesla, Inc. trades at 289.8x trailing earnings, compared to its 15-year median P/E of 45.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 188.8x vs a median of 51.8x. The company's 5-year average ROIC is 28.2% with a gross margin of 21.0%. At current prices, the estimated annualized return to fair value is +46.6%.
Tesla, Inc. (TSLA) has a net profit margin of 4.0%. This is a modest margin.
Tesla, Inc. (TSLA) generated $6.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Tesla, Inc. (TSLA) has a debt-to-equity ratio of 0.18. This indicates a conservatively financed balance sheet.
Tesla, Inc. (TSLA) reported earnings per share (EPS) of $1.08 in its most recent fiscal year.
Tesla, Inc. (TSLA) has a return on equity (ROE) of 4.9%. This indicates moderate shareholder returns.
Tesla, Inc. (TSLA) has a 5-year average gross margin of 21.0%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for Tesla, Inc. (TSLA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Tesla, Inc. (TSLA) has a book value per share of $23.38, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects substantial increases in capital expenditure and vehicle production in 2026 as Tesla ramps six new production lines across vehicles, Bots, energy storage, and battery manufacturing while expanding its Robotaxi service to dozens of major cities pending regulatory approval. The company anticipates unsupervised FSD and Robotaxi revenue to become material in 2026, with Optimus production ramping significantly by year-end and a second Optimus factory beginning production around summer 2026, positioning the robot as potentially Tesla's largest product. Energy storage demand remains robust with strong backlog and expected high growth driven by AI and data center applications, though the company expects margin compression from increased competition, tariff impacts, and policy uncertainty. Tesla plans to continue elevated spending on AI-related initiatives, including development of its AI5 chip and new products, throughout 2026, while working to resolve battery pack capacity constraints through expanded internal LFP and 4680 cell manufacturing and increased supplier sourcing.
Based on recent SEC filings and earnings calls, Tesla, Inc. (TSLA) has provided the following forward guidance: Capital Expenditures: over $25 billion (FY2026); Capital Expenditures: in excess of $20 billion (FY2026).