Tesla, Inc. Automotive — Total cost of revenues increased by 24.1% to $20.70B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.7%, from $18.53B to $20.70B. Over 2 years (FY 2022 to FY 2024), Automotive — Total cost of revenues shows an upward trend with a 13.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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% |
| YoY Change | — | — | — | — | +30.2% | +30.2% | +30.2% | +30.2% | -11.8% | +0.5% | -0.1% | +3.7% | -13.0% | -10.6% | +11.7% |
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