Tesla, Inc. Automotive — Total cost of revenues decreased by 5.5% to $16.21B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 13.9%, from $14.24B to $16.21B. Over 3 years (FY 2022 to FY 2025), Automotive — Total cost of revenues shows an upward trend with a 6.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
A decrease relative to revenue signals improved manufacturing efficiency or lower input costs, whereas an increase suggests rising material costs or production inefficiencies.
The direct costs associated with producing and delivering vehicles, including raw materials, direct labor, manufacturing...
This is equivalent to the Cost of Goods Sold (COGS) for the manufacturing segment, comparable to the industrial margins of traditional OEMs.
tsla_segment_automotive_total_cost_of_revenues| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $14.25B | $14.25B | $14.25B | $14.25B | $18.55B | $18.55B | $18.55B | $18.55B | $16.37B | $18.65B | $18.53B | $19.24B | $14.24B | $16.68B | $20.70B | $17.15B | $16.21B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +30.2% | +0.0% | +0.0% | +0.0% | -11.8% | +13.9% | -0.6% | +3.8% | -26.0% | +17.1% | +24.1% | -17.1% | -5.5% |
| YoY Change | — | — | — | — | +30.2% | +30.2% | +30.2% | +30.2% | -11.8% | +0.5% | -0.1% | +3.7% | -13.0% | -10.6% | +11.7% | -10.8% | +13.9% |