Income StatementBalance SheetCash FlowSegments
Tesla, Inc. logo

Tesla, Inc. Business Segments

Business, geographic, and product segment breakdowns

Tesla, Inc. generates $97.9B in annual revenue across 3 key segments: CHINA ($20.8B), Other international ($29.1B), and United States ($48.0B). The company-wide operating margin is 5.0%. Based on the Q1 2026 filing.

CHINA (TTM)$20.8BOther international (TTM)$29.1BUnited States (TTM)$48.0B
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$1.60T
P/E Ratio414.29
ROE4.86%

Products & Services

Sales-type leasing cost of revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Automotive Leasing, Direct Sales-Type$1.8M$1.3M$1.3M$1.3M$1.3M—

Sales-type leasing revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Automotive Leasing, Direct Sales-Type$3.0M$2.5M$2.5M$2.5M$2.5M—

Lease deposit liability

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Automotive Leasing, Direct Vehicle Operating$394.0M———$282.0M—

Lease income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Automotive Leasing, Direct Vehicle Operating$445.0M$420.0M$420.0M$420.0M$420.0M—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Automotive sales$18.7B$12.9B$15.8B$20.4B$16.8B$15.5B
Services and other$2.8B$2.6B$3.0B$3.5B$3.4B$3.7B
Energy generation and storage sales$2.9B$2.6B$2.6B$3.3B$3.7B$2.3B
Automotive leasing$447.0M$447.0M$435.0M$429.0M$401.0M$381.0M
Automotive regulatory credits$692.0M$595.0M$439.0M$417.0M$542.0M$380.0M
Energy generation and storage leasing$113.0M$109.0M$143.0M$134.0M$115.0M$103.0M

Total cost of revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Automotive sales$16.3B$11.5B$13.6B$17.4B$13.9B$12.6B
Automotive leasing$242.0M$239.0M$228.0M$225.0M$206.0M$196.0M

Unbilled transaction price allocated to performance obligations, expected of more than one year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Automotive sales$840.0M$780.0M$831.0M$880.0M$904.0M$941.0M
Automotive regulatory credits$4.7B$4.6B$3.5B$3.3B$841.0M$303.0M

Deferred Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Automotive sales$3.6B$3.6B$3.8B$3.8B$3.9B$4.0B
Energy Generation And Storage Leasing, Customer Payments$164.0M———$151.0M—

Financing receivable, after allowance for credit loss, noncurrent

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Automotive sales$821.0M———$554.0M$506.0M

Financing receivable, net of allowance for credit losses, current

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Automotive sales$247.0M———$247.0M$243.0M

Recovery of direct costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Automotive sales$156.3M$141.3M$141.3M$141.3M$141.3M—
Energy generation and storage sales$189.0M$280.0M$280.0M$280.0M$280.0M—

Revenue recognized

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Automotive sales$161.0M$258.0M$170.0M$191.0M$196.0M$218.0M

Cost of Goods Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services and other$2.7B$2.5B$2.9B$3.1B$3.1B$3.4B

Geographic

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
United States$12.1B$10.3B$11.8B$14.6B$10.9B$10.7B
Other international$7.5B$4.7B$6.4B$7.8B$7.3B$7.5B
CHINA$6.1B$4.3B$4.3B$5.7B$6.7B$4.2B

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
United States$32.5B$33.2B$34.1B$34.8B$35.8B$38.4B
Germany$4.2B$4.5B$4.8B$4.8B$4.8B$4.8B

Non-Current Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other international$4.1B$4.2B$4.5B$4.5B$4.6B$4.7B

Business Segments

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue$22.6B$16.6B$19.7B$24.7B$21.1B$20.0B
Total cost of revenues$19.2B$14.2B$16.7B$20.7B$17.2B$16.2B
Inventory$10.0B$11.6B$12.1B$9.4B$9.7B$10.9B
Gross Profit$3.4B$2.4B$3.0B$4.0B$3.9B$3.8B
D&A$980.0M$954.0M$891.0M$959.0M$980.0M$1.0B