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$348.75
Market Capi
$1.4T
Growth-adj P/E (3-yr hist)i
n/a
Growth-adj P/E (3-yr proj)i
5.3x
P/S 26Ei
13x
P/S 28Ei
9.7x
EV/EBIT 26Ei
316x
EV/EBIT 28Ei
142x
P/E 26Ei
324x
P/E 28Ei
154x
P/S 26Ei
13x
EV/EBIT 26Ei
316x
P/E 26Ei
324x
P/S 28Ei
9.7x
EV/EBIT 28Ei
142x
P/E 28Ei
154x
Revenue
2026E
$106B
Gross Margini
18%
Hist. CAGRi
5.2%
Proj. CAGRi
14%
EBIT
2026E
$4.3B
Op. Margini
4.6%
Hist. CAGRi
-32%
Proj. CAGRi
30%
Net profit
2026E
$3.8B
Net Margini
4.0%
Hist. CAGRi
-33%
Proj. CAGRi
29%
Business Model
Recent Developments
Average Targeti
$397.87+22%
Consensusi
Outperform
45 analysts covering
Net cashi
$23B
Div. Yieldi
n/a
Dilutioni
3.6%
Market Capi
$1.4T
P/E 26Ei
324x
Adj. P/E (fwd.)i
5.3x
Revenue 26E
$106B
Proj. CAGRi
14%
Gross Margini
18%
EBIT 26E
$4.3B
Proj. CAGRi
30%
Op. Margini
4.6%
Net Profit 26E
$3.8B
Proj. CAGRi
29%
Net Margini
4.0%
Average Targeti
$397.87+22%
Consensusi
Outperform
45 analysts covering
Profile
Tesla designs, manufactures, and sells electric vehicles, energy storage systems, and solar products, while developing autonomous driving software and robotaxi services. The business is still overwhelmingly vehicle-driven, but software and energy are growing into material contributors.
Industry
Tesla operates at the intersection of the capital-intensive global auto market and the higher-growth energy storage and autonomous software verticals. Core automotive customers are consumer and commercial EV buyers; energy customers range from grid-scale utilities to residential homeowners. Geographically, the US generates roughly half of revenue, China about a fifth, with the remainder spread across Europe and other markets. Auto is cyclical, deeply competitive, and increasingly contested by both legacy OEMs and Chinese manufacturers with cost advantages.
Key metrics
Key performance indicators that capture Tesla's operational scale beyond standard financials:
Economic moat
Tesla's structural advantages are layered and compounding. Supercharger network lock-in created a de facto standard that competitors are now paying to access rather than replicate. Vertical integration across battery cells, software, and manufacturing gives Tesla cost and iteration speed advantages that OEM competitors struggle to match. The real-world FSD data flywheel — hundreds of billions of miles of annotated driving data — is an asset that cannot be bought or quickly reproduced. Brand pricing power in the premium EV segment, combined with global manufacturing scale across eight Gigafactories, gives Tesla margin optionality that pure-play EV startups lack.
Elon Musk
Musk has been CEO since 2008 and is the largest individual shareholder, making him simultaneously the company's most important strategic asset and its most significant concentration risk. He drives every major product and technology decision — from FSD architecture to Cybercab design to Optimus robotics — and his public profile directly influences brand perception and stock sentiment. His deepening involvement in external ventures and political activities remains a persistent concern for institutional investors evaluating governance and focus.
Vaibhav Taneja
Taneja became CFO in August 2023, stepping up from his prior role as Chief Accounting Officer. He has overseen Tesla's financial reporting through a period of significant margin pressure and recovery, and has been the primary voice on cost discipline and working capital management in recent earnings calls. His background is in accounting and finance operations rather than capital markets.
Robyn Denholm
Denholm has served as independent Chair since November 2018, providing governance continuity through multiple cycles of CEO controversy and board turnover. An Australian technology executive with prior operational roles at Telstra and Juniper Networks, she chairs a board that has faced recurring scrutiny over its independence and oversight of Musk's compensation arrangements.
Other key figures
Kimbal Musk (board since 2004, Elon's brother) is the longest-tenured director and a restaurateur and food entrepreneur — his presence is frequently cited in governance critiques. Ira Ehrenpreis (board since 2007) is a venture capitalist focused on clean energy and one of the earlier Tesla-aligned directors. James Murdoch (board since 2017) brings media and technology operating experience. Joseph Gebbia (board since 2022), co-founder of Airbnb, represents one of the more operationally credentialed recent additions. John Hartung joined the board in May 2025.
P/S Ratioi
EV/EBITiEV/EBIT values for 2025 and 2026E were omitted from this chart because negative or above 250x values usually occur around break-even earnings and would distort the scale. The raw values remain in the table below.
P/E RatioiP/E values for 2021, 2024, 2025, 2026E, 2027E, and 2028E were omitted from this chart because negative or above 150x values usually occur around break-even earnings and would distort the scale. The raw values remain in the table below.
Revenue
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
EBIT
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
Net profit
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
Values in billions of USD.
Operating cashflow · Levered Free Cash Flow
Free Cash FlowFree cash flow year-over-year growth labels for 2027E and 2028E are hidden because the prior comparison year is missing, zero, or negative. Growth rates from missing or non-positive bases are not meaningful.
CAPEX
Values in billions of USD.
Margins
Rentability
Balance sheet
Values in billions of USD.
Liquidity ratios
Debt-to-Equity-Ratio
Last earnings
Q2 2026 revenue rose 26% year-over-year to $28.24 billion, a quarterly record, driven by 480,126 vehicle deliveries, also a Q2 high.
Non-GAAP EPS of $0.33 missed the $0.53 consensus by a wide margin as operating income fell 57% and operating margin compressed to 1.4%.
Energy storage was the standout, with deployments up more than 40% year-over-year to 13.5 GWh, while auto gross margin ex-credits slipped to 16.3% as regulatory-credit revenue fell 67%.
Management guided to capex above $25 billion for 2026 and cited the largest order backlog since 2023, framing heavy spending as funding future AI, robotaxi, and Optimus growth.
Recent developments
Robotaxi service expanded beyond Texas and California, launching in Miami on July 3, 2026 and in Orlando and Tampa on July 21, 2026.
Shares fell roughly 14.5% on July 23, 2026, erasing more than $140 billion in market value in one of the sharpest single-day declines in company history.
Tesla is arranging debt facilities for up to $30 billion in additional borrowing capacity to help fund the AI, robotics, and manufacturing buildout alongside the 2026 capex plan.
A complete public reveal of the next-generation Optimus Gen 3 robot remained pending as of late July, with a full showing still targeted for later in 2026.
Debate & sentiment
Bulls cite fast-growing energy storage, a 55% FSD attach rate, and the expanding Robotaxi footprint as evidence the autonomy and energy bets are starting to scale.
Bears point to negative free cash flow, growing reliance on debt to fund an ever-larger capex plan, and repeated slippage in Robotaxi and Optimus timelines as reasons profitability keeps getting pushed out.
Much of the stock's value now rests on future robotics and autonomy potential rather than current auto profits, a dynamic underscored by the size of the post-earnings sell-off.
Analyst sentiment stays split between those who see the AI and robotics optionality as underappreciated and skeptics who argue the market is pricing in execution not yet demonstrated.
Consensusi
Outperform
Average targeti
$397.87+22%
Highest targeti
$600.00+83%
Lowest targeti
$125.00-62%
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