Income StatementBalance SheetCash FlowBusiness Segments
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Tesla, Inc. Business Segments

Business, geographic, and product segment breakdowns

Tesla, Inc. generates $95.6B in annual revenue across 2 key segments: Automotive ($83.6B), and Energy generation and storage segment ($12.0B). The company-wide operating margin is 4.74%. Based on the Q3 2025 filing.

Automotive (TTM)$83.6BEnergy generation and storage segment (TTM)$12.0B
Latest FilingQ3 2025
Report Date2025-10-23
Market Cap$1.36T
P/E Ratio257.59
ROE7.03%

Business Segments

Revenue

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive$22.5B$22.8B$22.6B$16.6B$19.7B$24.7B
Energy generation and storage segment$3.0B$2.4B$3.1B$2.7B$2.8B$3.4B

Total cost of revenues

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive$18.6B$18.5B$19.2B$14.2B$16.7B$20.7B
Energy generation and storage segment$2.3B$1.7B$2.3B$1.9B$1.9B$2.3B

Gross Profit

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive$3.8B$4.3B$3.4B$2.4B$3.0B$4.0B
Energy generation and storage segment$740.0M$725.0M$772.0M$785.0M$846.0M$1.1B

D&A

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive$885.0M$938.0M$1.8B$83.0M$891.0M$959.0M
Energy generation and storage segment$94.0M$95.0M—$954.0M$87.0M$92.0M

Inventory

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive$12.2B$12.3B$10.0B$11.6B$12.1B$9.4B
Energy generation and storage segment$2.0B$2.3B$2.0B$2.1B$2.4B$2.9B

Products & Services

Revenue

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Total revenues from sales and services$24.9B$24.6B$25.1B$18.8B$21.9B$27.5B
Automotive Revenues$19.9B$20.0B$19.8B$14.0B$16.7B$21.2B
Automotive sales$18.5B$18.8B$18.7B$12.9B$15.8B$20.4B
Services And Other$2.6B$2.8B$2.8B$2.6B$3.0B$3.5B
Energy Generation And Storage$3.0B$2.4B$3.1B$2.7B$2.8B$3.4B
Energy Generation And Storage Sales$2.9B$2.2B$2.9B$2.6B$2.6B$3.3B
Automotive Leasing$458.0M$446.0M$447.0M$447.0M$435.0M$429.0M
Automotive Regulatory Credits$890.0M$739.0M$692.0M$595.0M$439.0M$417.0M
Energy Generation And Storage Leasing$148.0M$148.0M$113.0M$109.0M$143.0M$134.0M

Total cost of revenues

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive Revenues$16.2B$16.0B$16.5B$11.7B$13.8B$17.6B
Automotive sales$16.0B$15.7B$16.3B$11.5B$13.6B$17.4B
Automotive leasing$245.0M$247.0M$242.0M$239.0M$228.0M$225.0M

Deferred Revenue

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive sales$3.7B$3.6B$3.6B$3.6B$3.8B$3.8B
Energy generation and storage segment$1.5B$1.7B$1.8B$2.1B$2.1B$2.4B
Energy Generation And Storage Leasing, Customer Payments——$164.0M———

Revenue recognized

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Energy generation and storage segment$456.0M$217.0M$180.0M$623.0M$321.0M$386.0M
Automotive sales$201.0M$229.0M$161.0M$258.0M$170.0M$191.0M

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

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Energy generation and storage segment$2.6B$4.2B$4.5B$4.7B$5.5B$5.2B
Automotive sales$940.0M$821.0M$840.0M$780.0M$831.0M$880.0M
Automotive regulatory credits$459.0M$683.0M$863.0M$1.5B$880.0M$877.0M

Financing receivable, net

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Energy generation and storage segment$626.0M$641.0M$34.0M$668.0M$684.0M$703.0M
Automotive sales$919.0M$868.0M$247.0M$747.0M$670.0M$612.0M

Increase (Decrease) In Remaining Performance Obligation

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive regulatory credits————-$1.1B-$1.4B

Financing receivable, net of allowance for credit losses, current

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive sales——$247.0M———
Energy generation and storage segment——$34.0M———

Financing receivable, after allowance for credit loss, noncurrent

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive sales——$821.0M———
Energy generation and storage segment——$658.0M———

Lease income

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive Leasing, Direct Vehicle Operating$445.0M$445.0M$445.0M———

Lease deposit liability

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive Leasing, Direct Vehicle Operating——$394.0M———

Sales-type leasing revenue

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive Leasing, Direct Sales-Type$3.0M$3.0M$3.0M———

Sales-type leasing cost of revenue

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive Leasing, Direct Sales-Type$1.8M$1.8M$1.8M———

Recovery of direct costs

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Automotive sales$156.3M$156.3M$156.3M———
Energy generation and storage sales$189.0M$189.0M$189.0M———

Cost of Goods Sold

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Services And Other$2.4B$2.5B$2.7B$2.5B$2.9B$3.1B
Energy Generation And Storage$2.3B$1.7B$2.3B$1.9B$1.9B$2.3B

Geographic

Revenue

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
United States$13.3B$12.6B$12.1B$10.3B$11.8B$14.6B
Other international$7.6B$6.9B$7.5B$4.7B$6.4B$7.8B
CHINA$4.6B$5.7B$6.1B$4.3B$4.3B$5.7B

Long-Lived Assets

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
United States$29.7B$32.4B$32.5B$33.2B$34.1B$34.8B
Germany$4.2B$4.4B$4.2B$4.5B$4.8B$4.8B

Non-Current Assets

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Other International$4.1B$4.3B$4.1B$4.2B$4.5B$4.5B

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