Tesla, Inc. (TSLA) fundamental analysis

From the Sep 29, 2026 report · Read the full report

Annual income statement

Fiscal year	Revenue	Growth	Gross margin	Operating margin	Net margin	Free cash flow	Diluted EPS
Dec 31, 2025	94.83B	-2.9%	18.0%	5.1%	4.0%	6.22B	1.08
Dec 31, 2024	97.69B	0.9%	17.9%	7.9%	7.3%	3.58B	2.04
Dec 31, 2023	96.77B	18.8%	18.2%	9.2%	15.5%	4.36B	4.31
Dec 31, 2022	81.46B	—	25.6%	17.0%	15.4%	7.55B	3.62

Balance sheet

Jun 30, 2026

Cash and short-term investments: 43.52B
Total debt: 16.08B
Shareholders' equity: 86.86B

Against its sector

	TSLA	Sector median
Forward P/E	164.5	—
Net margin	3.7%	—
Revenue growth	25.5%	—
ROE	4.7%	—
Debt / equity	18.4	—

From the Sep 29, 2026 report

Tesla's fundamentals reveal growing concerns. The company reports a P/E ratio of 334.07, significantly higher than peers, and a PEG ratio of 4.45, indicating overvaluation relative to growth. Profit margins remain low at 3.67%, well below the automotive industry average. Debt-to-equity has risen to 18.37, signaling increased financial risk. Free cash flow (TTM) of $4.84B shows a 15% YoY decline, with Q2 2026 reporting negative FCF of -$1.10B compared to positive FCF in prior quarters. The balance sheet shows $16.43B in cash reserves, but rising inventory levels ($13.75B) and capital lease obligations ($7.02B) indicate potential overproduction or strategic overinvestment.

Frequently asked questions

How fast is TSLA revenue growing?

Tesla, Inc. reported revenue of 94.83B in the fiscal year ended Dec 31, 2025, -2.9% more than the year before.

Data as of Sep 29, 2026. Sources: Yahoo Finance (prices, financial statements and analysts' estimates) and the U.S. Treasury (10-year yield). Indicators and valuation are computed without AI.

AI-generated informational content. Not financial advice or a personalised investment recommendation. Investing involves risk, including loss of capital.

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