Tesla Inc (TSLA)
🔔 Watch stock
symbol.quality_heading
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Substance is not the problem: $43.5 billion of liquidity against $9.3 billion of debt, a 58.5 percent equity ratio, an undrawn credit facility and record volumes — Tesla is as far from a going-concern warning, over-indebtedness or interest-coverage trouble as any carmaker gets. What is open is an operating question, and it is the decisive one: the running business barely earns anything. $398 million of operating income on $28,236 million of revenue is 1.4 percent, and the 2023 to 2025 series shows earnings halving while revenue stood still. The reported quarterly profit hangs on an investment remeasurement and a tax release, a previously reliable earnings component is being regulated away, and capital expenditures are tripling before Robotaxi, driver assistance and robotics show up in any segment line. The stock is expensive on top of that — a trailing multiple around 285 on earnings that are themselves largely one-off leaves little room for disappointment. That is a price argument and does not set this rating; the operating question does. When the evidence sits between two levels, we take the more cautious one. The decision is yours.
symbol.quality_note
Tesla delivered 480,126 vehicles in the quarter ended June 30, 2026, more than in any second quarter before. Revenue rose 26 percent to $28,236 million. Operating income came to $398 million — 57 percent less than a year earlier. And of the $1,114 million in quarterly net income, $1,005 million came from remeasuring a stake the company had only bought in March 2026. We turn the package around and read the ingredient list.
Read the analysis
Stock Watch
This analysis is as of July 29, 2026. Stock Watch will tell you what's changed at TSLA since then.
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Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 311.20 $ — 7% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
Sells AITesla verkauft KI-Produkte und -Dienste unmittelbar an Kunden — Abonnements für das Fahrassistenzsystem FSD (Supervised), den Robotaxi-Fahrdienst und den in Entwicklung befindlichen humanoiden Roboter Optimus; das Unternehmen beschreibt sich im Quartalsbericht selbst als darauf ausgerichtet, künstliche Intelligenz in die reale Welt zu bringen.
View the full file — quotes, sources, reviewed filings
„We are focused on bringing artificial intelligence into the real world, through products and services like FSD (Supervised) and Robotaxi, as well as working to develop and commercialize AI robots (including Optimus)."
Wir konzentrieren uns darauf, künstliche Intelligenz in die reale Welt zu bringen — über Produkte und Dienste wie FSD (Supervised) und Robotaxi sowie über die Entwicklung und Vermarktung von KI-Robotern (einschließlich Optimus).
„We use AI to develop real-world applications, such as autonomous driving solutions and robots. We utilize vision-based technologies, systems and software to train our artificial neural networks, which are accelerated by our own in-house, custom designed inference chips."
Wir setzen KI ein, um Anwendungen für die reale Welt zu entwickeln, etwa Lösungen für autonomes Fahren und Roboter. Wir nutzen bildbasierte Technologien, Systeme und Software, um unsere künstlichen neuronalen Netze zu trainieren, die von eigenen, im Haus entworfenen Inferenz-Chips beschleunigt werden.
„We are also investing heavily in research and development to accelerate our AI, software and fleet-based profits for further revenue growth, which will negatively impact our profitability during this phase."
Wir investieren zudem stark in Forschung und Entwicklung, um unsere KI-, Software- und flottenbasierten Gewinne für weiteres Umsatzwachstum zu beschleunigen, was unsere Profitabilität in dieser Phase negativ beeinflussen wird.
Filings Reviewed: 10-Q 2026-07-23 · 10-Q 2026-04-23 · 10-Q 2025-10-23 · 10-Q 2025-07-24 · 10-K 2026-01-29 · 10-K 2025-01-30
Rated on July 29, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 28.0% above the current price.
- Consensus
- Hold
- Analyst Ratings
- 47
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 1.79 | 1.25 – 2.39 | 105,749 | 7.9% | 34 |
| 12/31/2027 | 2.22 | 0.80 – 3.65 | 120,373 | 24.0% | 33 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- 0.46 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.66 | -71.00 | 25,707 | 2.10 | 9.00 | 4,814 | 2,034 |
| 2025: Q1 | 0.12 | -70.90 | 19,335 | -9.20 | 2.10 | 2,156 | 664 |
| 2025: Q2 | 0.33 | -17.20 | 22,496 | -11.80 | 5.20 | 2,540 | 146 |
| 2025: Q3 | 0.39 | -37.20 | 28,095 | 11.60 | 4.90 | 6,238 | 3,990 |
| 2025: Q4 | 0.24 | -63.90 | 24,901 | -3.10 | 3.40 | 3,813 | 1,420 |
| 2026: Q1 | 0.14 | 19.50 | 22,387 | 15.80 | 2.20 | 3,937 | 1,444 |
| 2026: Q2 | 0.32 | -3.00 | 28,236 | 25.50 | 3.90 | 4,697 | -1,092 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 7,000 | -667 | -675 | -0.31 | -124 | 4,753 | 22,664 |
| 2017 | 11,759 | -1,632 | -1,962 | -0.79 | -61 | 4,237 | 28,655 |
| 2018 | 21,461 | -388 | -976 | -0.38 | 2,098 | 4,923 | 29,740 |
| 2019 | 24,578 | -69 | -862 | -0.32 | 2,405 | 6,618 | 34,309 |
| 2020 | 31,536 | 1,994 | 721 | 0.22 | 5,943 | 22,225 | 52,148 |
| 2021 | 53,823 | 6,687 | 5,644 | 1.82 | 11,497 | 31,015 | 62,131 |
| 2022 | 81,462 | 13,656 | 12,587 | 3.62 | 14,724 | 44,704 | 82,338 |
| 2023 | 96,773 | 8,891 | 14,974 | 4.30 | 13,256 | 62,634 | 106,618 |
| 2024 | 97,690 | 7,076 | 7,130 | 2.04 | 14,923 | 72,913 | 122,070 |
| 2025 | 94,827 | 4,355 | 3,794 | 1.08 | 14,747 | 82,137 | 137,806 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
In the quarter ended 2026-06-30 Tesla delivered 480,126 vehicles, up 25 percent year over year and more than in any second quarter before; 9.7 million have been delivered since inception. Trailing twelve-month revenue passed $100 billion for the first time. Energy storage deployments rose 41 percent to 13.5 GWh in the quarter (8-K dated 2026-07-22, Exhibit 99.1).
As of 2026-06-30 Tesla held $43,524M of cash and short-term investments against $9,342M of debt and finance leases, $9,059M of which is non-recourse to the parent. Stockholders' equity stood at $86,858M against $148,524M of total assets (58.5 percent). A $5,000M revolving facility was undrawn (10-Q for the quarter ended 2026-06-30).
Operating income fell 57 percent to $398M in the quarter ended 2026-06-30, and the operating margin from 4.1 to 1.4 percent. Annually: $8,891M (2023), $7,076M (2024), $4,355M (2025). Revenue sat at roughly $95 billion in all three years — earnings halved while the top line stood still (Form 10-K 2025).
Of the $1,114M quarterly profit, Tesla's own reconciliation attributes $763M to the after-tax gain on the SpaceX stake and $274M to a tax valuation-allowance release — neither of which moved any cash. The $1,005M pre-tax remeasurement gain equals 76 percent of pre-tax income of $1,329M (10-Q for the quarter ended 2026-06-30, Note 2).
Automotive regulatory credits fell 67 percent to $146M in the quarter ended 2026-06-30; in 2025 they were still $1,993M and equal to 46 percent of total operating income. Tesla cites governmental and regulatory actions that have restricted certain programs. The remaining contracted amount is $287M (10-Q for the quarter ended 2026-06-30).
Tesla guides to capital expenditures above $25,000M for 2026, after $8,530M in 2025; free cash flow was negative at −$1,092M in the quarter ended 2026-06-30, the first negative quarter since the first quarter of 2024. In parallel runs a compensation award covering 423,743,904 shares with unrecognized expense of $105.82 billion to $120.37 billion (10-Q for the quarter ended 2026-06-30, Note 9).
Tesla sells more vehicles and more storage than ever: 480,126 deliveries and 13.5 GWh in the quarter ended 2026-06-30, trailing twelve-month revenue above $100 billion for the first time, $43,524M of liquidity against $9,342M of debt. The price sits in the same filings: $398M of operating income on $28,236M of revenue, a quarterly profit three quarters of which comes from an investment remeasurement and a tax release, 67 percent less in regulatory credits, free cash flow negative again, and more than $25 billion of capital expenditures announced for 2026. Not investment advice.
- Hook: ranking of the 100 largest U.S. stocks by market capitalization (as of 2026-07-28); Tesla sat at rank 9 without an existing analysis.
- Data as of: annual figures from the Form 10-K for fiscal 2025 (filed 2026-01-29) and for 2024 (filed 2025-01-30), quarterly figures from the Form 10-Q for the quarter ended 2026-06-30 (filed 2026-07-23), delivery and metric series from the Form 8-K earnings release dated 2026-07-22 (Item 2.02, Exhibit 99.1) and the production release dated 2026-07-02. Every filing from 2026-07-22 onward was reviewed; none followed through 2026-07-29. Valuation metrics as of 2026-07-29.
- Cyclical caveat: Tesla is an automaker and describes its industry as cyclical in its own quarterly report. Neither the 2023 earnings peak nor the current trough works as an extrapolation. Net income in 2023 also contained a tax benefit, which is why it exceeded operating income ($14,997M against $8,891M).
- Not to be confused: Tesla, Inc. was named "Tesla Motors Inc" until 2017-01-27 and has been a Texas corporation since 2024-06-13, no longer a Delaware one. Older lawsuits therefore continue before Delaware courts.
- Analyses are evergreen; a daily share price is not a buy argument.
About the Company
Tesla, Inc. entwickelt, fertigt, least und verkauft Elektrofahrzeuge sowie Systeme zur Energieerzeugung und -speicherung in den USA, China und international.
| Employees | 134,785 |
|---|---|
| Headquarters | Austin, TX |
| Address | 1 Tesla Road, 78725 Austin, United States |
| Phone | 512 516 8177 |
| Website | tesla.com |
| IPO Date | 29. Jun 2010 |
| ISIN | US88160R1014 |
| Stock Split | 3:1 on 08/25/2022 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Elon R. Musk | Co-Founder, Technoking of Tesla, CEO & Director | 1971 |
| Vaibhav Taneja | Chief Financial Officer | 1978 |
| Xiaotong Zhu | Senior Vice President of APAC & Global Vehicle Manufacturing | 1980 |
| Travis Axelrod | Head of Investor Relations | – |
| Brandon Ehrhart | General Counsel & Corporate Secretary | – |
| Franz von Holzhausen | Chief Designer | – |
| Roxanne Inskip-Kaye | Head of Operations - Electric Vehicle Business | – |
| John Walker | Vice President of Sales - North America | 1963 |
| Rodney D. Westmoreland Jr. | Director of Construction Management | – |
| Lars Moravy | Vice President of Vehicle Engineering | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.