Austin, TX · Founded 2003 · 134,785 employees
Tesla generated $94.8B in revenue for fiscal year 2025, a -2.9% year-over-year change. Gross margin was 18.0%. Net income reached $3.9B.
Tesla is in a massive transition phase where extreme growth optionality in AI and Energy is battling a 'perfect storm' of governance dilution, automotive margin pressure from factory retooling, and multi-billion-dollar legal overhangs. Tesla remains a capital-rich, fast-moving platform with clear growth levers (Robotaxi, energy storage, AI) but material governance, litigation and execution overhangs that could meaningfully alter near-term earnings and shareholder value. The company ended Q3 with $41.65 billion of cash and investments and generated $10.93 billion of operating cash flow year-to-date, supporting continued heavy investment in AI/robotics and energy megafactories.
| Fiscal Year | Revenue | YoY Growth | Gross Margin | Op. Margin | Net Income | EPS |
|---|---|---|---|---|---|---|
| FY2025 | $94.8B | -2.9% | 18.0% | 4.6% | $3.9B | $1.08 |
| FY2024 | $97.7B | +0.9% | 17.9% | 7.2% | $7.2B | $2.04 |
| FY2023 | $96.8B | +18.8% | 18.2% | 9.2% | $15.0B | $4.30 |
| FY2022 | $81.5B | +51.4% | 25.6% | 16.8% | $12.6B | $3.62 |
| FY2021 | $53.8B | +70.7% | 25.3% | 12.1% | $5.6B | $4.90 |
| FY2020 | $31.5B | +28.3% | 21.0% | 6.3% | $862.0M | $0.64 |
| FY2019 | $24.6B | +14.5% | 16.6% | -0.3% | $-775.0M | $-4.92 |
| FY2018 | $21.5B | — | 18.8% | -1.8% | $-1.1B | $-5.72 |
| Fiscal Year | Operating Cash Flow | Capital Expenditures | Free Cash Flow | Investing | Financing |
|---|---|---|---|---|---|
| FY2025 | $14.7B | $-8.5B | $6.2B | $-15.5B | $1.1B |
| FY2024 | $14.9B | $-11.3B | $3.6B | $-18.8B | $3.9B |
| FY2023 | $13.3B | $-8.9B | $4.4B | $-15.6B | $2.6B |
| FY2022 | $14.7B | $-7.2B | $7.6B | $-12.0B | $-3.5B |
| FY2021 | $11.5B | $-6.5B | $5.0B | $-7.9B | $-5.2B |
| FY2020 | $5.9B | $-3.2B | $2.8B | $-3.1B | $10.0B |
| FY2019 | $2.4B | $-1.3B | $1.1B | $-1.4B | $1.5B |
| FY2018 | $2.1B | $-2.1B | $-2.9M | $-2.3B | $573.8M |
| Fiscal Year | Total Assets | Total Liabilities | Total Equity | Cash | Total Debt |
|---|---|---|---|---|---|
| FY2025 | $137.8B | $54.9B | $82.1B | $16.5B | $8.2B |
| FY2024 | $122.1B | $48.4B | $72.9B | $16.1B | $7.9B |
| FY2023 | $106.6B | $43.0B | $62.6B | $16.4B | $4.7B |
| FY2022 | $82.3B | $36.4B | $44.7B | $16.3B | $2.1B |
| FY2021 | $62.1B | $30.5B | $30.2B | $17.6B | $5.4B |
| FY2020 | $52.1B | $28.4B | $22.2B | $19.4B | $11.7B |
| FY2019 | $34.3B | $26.2B | $6.6B | $6.3B | $12.5B |
| FY2018 | $29.7B | $23.4B | $4.9B | $3.7B | $11.0B |
Tesla generated $94.8B in revenue for fiscal year 2025. That represents a -2.9% change from $97.7B in fiscal year 2024.
Yes, Tesla is profitable. The company reported net income of $3.9B in fiscal year 2025, representing a net profit margin of 4.1%. In the prior fiscal year 2024, net income was $7.2B.
Tesla's gross margin for fiscal year 2025 was 18.0%, calculated from gross profit of $17.1B on revenue of $94.8B. Over the past 5 years, gross margins have ranged between 18% and 26%.
Tesla employs approximately 134,785 people worldwide. The company is headquartered in Austin, TX and was founded in 2003.
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