What is Tesla, Inc.'s automotive sales — deferred revenue?

Tesla, Inc. (TSLA) reported automotive sales — deferred revenue of $4B in Q1 2026.

How has Tesla, Inc.'s automotive sales — deferred revenue changed year-over-year?

Tesla, Inc.'s automotive sales — deferred revenue increased by 11.1% year-over-year, from $3.6B to $4B.

What does automotive sales — deferred revenue mean?

Payments received from customers for automotive products or services that have not yet been fully delivered or performed, such as Full Self-Driving (FSD) software features. This represents a liability on the balance sheet that will be recognized as revenue once the performance obligation is met.

Tesla, Inc. TSLA Automotive sales — Deferred Revenue

Other product segments

Energy Generation And Storage Leasing, Customer Payments

$151M-7.9%

Similar metrics at other companies

LCIDVehicle Sales With OTA, Maintenance Services, and Remarketing — Deferred Revenue

$87.5M+64.2%

SDGRSoftware products and services — Deferred Revenue

$60.76M+0.3%

LCIDVehicle Sales with OTA and Remarketing — Deferred Revenue

$88.5M+49.7%

FETDeferred Revenue

$17.22M+90.8%

LRCXDeferred Revenue

$2.09B+11.1%

STXSProduct Shipped Revenue Deferred — Deferred Revenue

$781K-56.4%

Other financials

Income statement

See full

Revenue$22.4B+15.8%

Gross profit$4.7B+49.7%

Operating income$941.0M+136%

Net income$477.0M+16.6%

EPS (diluted)$0.13+8.3%

Balance sheet

See full

Cash & equivalents$16.6B+1.5%

Total debt$1.2B-86.2%

Total equity$84.1B+12.7%

Total assets$143.72B+14.9%

Cash flow

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Operating cash flow$3.9B+82.6%

CapEx$2.5B+67.1%

Free cash flow$1.4B+117%

Valuation

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Market cap$1.53T+61.3%

Enterprise value$1.51T+60.9%

P/E395.4×+234×

P/S15.6×+5.4×

Profitability

See full

Gross margin19.1%+1.4pp

Operating margin5%-1.6pp

Net margin3.9%-2.4pp

FCF margin7.2%+0.1pp

Returns & leverage

See full

Return on equity4.9%-3.9pp

Debt / equity0×-0.1×

Current ratio2×0.0×

Where this comes from

Reported directly by Tesla, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The official record: Tesla, Inc.’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tesla, Inc.'s automotive sales — deferred revenue?: Tesla, Inc. (TSLA) reported automotive sales — deferred revenue of $4B in Q1 2026.
How has Tesla, Inc.'s automotive sales — deferred revenue changed year-over-year?: Tesla, Inc.'s automotive sales — deferred revenue increased by 11.1% year-over-year, from $3.6B to $4B.
What does automotive sales — deferred revenue mean?: Payments received from customers for automotive products or services that have not yet been fully delivered or performed, such as Full Self-Driving (FSD) software features. This represents a liability on the balance sheet that will be recognized as revenue once the performance obligation is met.