Tesla, Inc.

TSLA

Tesla, Inc.

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Tesla, Inc.

R40: 22 · 2026 Q2 $1.25T
$354.81
About

Tesla, Inc. engages in the design, development, manufacture, and sale of electric vehicles and energy generation and storage systems. It operates through the Automotive and Energy Generation and Storage segments. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits. The Energy Generation and Storage segment is involved in the design, manufacture, installation, sale, and lease of solar energy generation, energy storage products, and related services and sales of solar energy systems incentives.

History ↓ Leadership ↓

News

Coverage

Radar

Tesla's August in Europe Was +52.7% or +4.0%. The UK Decides Which

ACEA's August release has Tesla at +52.7% in the EU and +4.0% with EFTA and the UK. The gap is 2,883 Teslas there against 6,612 a year ago, -56%.

R40
Radar

NVIDIA Qualified Three Batteries. Its Own Spec Says Sizing Is Irrelevant to Passing.

NVIDIA's DSX Ready qualified Tesla, Hitachi and LGES batteries on 21 September. Its own spec says battery sizing is irrelevant to passing the twelve tests.

R40
News

Tesla's Texas Fleet Grew 149% and Waymo's Grew 43%. Waymo Added More Cars.

Texas publishes every robotaxi VIN. Tesla is up 149% in thirty days and Waymo 43%, but Waymo added 297 vehicles against Tesla 285, and neither month is a rate.

R40
News

The Largest US Electric Truck Order Names Four OEMs. Only Tesla Counted All 2,500.

Catalyst Mobility's 2,500-truck order names Tesla primary OEM alongside Kenworth, RIDE and Volvo. Nobody has published the split; only Tesla says 2,500 Semis.

R40
News

Australia's First Eight-Hour Battery Is 144 Four-Hour Megapacks Capped at 50 MW

Tesla gave one number for Limondale: 144 Megapacks. AEMO's register gives 50 MW and 400 MWh. The eight hours come from the export cap, not the batteries.

R40
News

Amazon Is Expected to Take $1.2 Billion a Year of Generac Generators. That Is Half Generac's Commercial Sales.

Amazon is expected to take $2.4B of Generac backup generators in 2027-28, $1.2B a year or 54% of Generac's C&I pace. The $8B only caps warrant vesting.

R40

See all news → TSLA feed

Open TSLA Rule of 40 details
Median 14.4 Above 40 0–40 Below 0
19
Q3
10
2024 Q4
-6
Q1
-11
Q2
26
Q3
3
2025 Q4
22
Q1
22
2026 Q2 40 0 Mix
ANALYST RATINGS
Buy $395
Consensus as of Aug 19, 2026
TSLA
GLJ Research Sell $1,000
Downgrade
2026-08-18
Barclays Overweight $370
Reiterated
2026-08-17
Wells Fargo Overweight $130
Reiterated
2026-08-12
Morgan Stanley Overweight $400
Reiterated
2026-08-11
DBS Hold $400
Reiterated
2026-08-11

See all 8 ratings →

Forward model

Where the revenue goes next

TSLA FORWARD MODEL $272.39 −23%
Revenue

Latest: $28.24B (2026Q2)

Period Value
2020Q3 $8.77B
2020Q4 $10.74B
2021Q1 $10.39B
2021Q2 $11.96B
2021Q3 $13.76B
2021Q4 $17.72B
2022Q1 $18.76B
2022Q2 $16.93B
2022Q3 $21.45B
2022Q4 $24.32B
2023Q1 $23.33B
2023Q2 $24.93B
2023Q3 $23.35B
2023Q4 $25.17B
2024Q1 $21.30B
2024Q2 $25.50B
2024Q3 $25.18B
2024Q4 $25.71B
2025Q1 $19.34B
2025Q2 $22.50B
2025Q3 $28.09B
2025Q4 $24.90B
2026Q1 $22.39B
2026Q2 $28.24B
EPS

Latest: $0.32 (2026Q2)

Period Value
2020Q3 $0.09
2020Q4 $0.08
2021Q1 $0.13
2021Q2 $0.34
2021Q3 $0.48
2021Q4 $0.68
2022Q1 $0.95
2022Q2 $0.65
2022Q3 $0.95
2022Q4 $1.07
2023Q1 $0.73
2023Q2 $0.78
2023Q3 $0.53
2023Q4 $2.26
2024Q1 $0.41
2024Q2 $0.40
2024Q3 $0.62
2024Q4 $0.61
2025Q1 $0.12
2025Q2 $0.33
2025Q3 $0.39
2025Q4 $0.24
2026Q1 $0.13
2026Q2 $0.32
P/E Ratio

Latest: 389.4 (2026Q2)

Period Value
2020Q3 862.0
2020Q4 1127.6
2021Q1 668.0
2021Q2 354.0
2021Q3 251.0
2021Q4 215.7
2022Q1 146.2
2022Q2 81.1
2022Q3 82.0
2022Q4 34.0
2023Q1 61.0
2023Q2 74.2
2023Q3 80.5
2023Q4 57.6
2024Q1 44.8
2024Q2 55.6
2024Q3 71.7
2024Q4 198.0
2025Q1 142.4
2025Q2 183.6
2025Q3 296.5
2025Q4 416.4
2026Q1 341.1
2026Q2 389.4
Free Cash Flow

Latest: −$1.09B (2026Q2)

Period Value
2020Q3 $1.40B
2020Q4 $1.87B
2021Q1 $293M
2021Q2 $619M
2021Q3 $1.33B
2021Q4 $2.77B
2022Q1 $2.23B
2022Q2 $621M
2022Q3 $3.31B
2022Q4 $1.42B
2023Q1 $441M
2023Q2 $1.00B
2023Q3 $848M
2023Q4 $2.06B
2024Q1 −$2.54B
2024Q2 $1.34B
2024Q3 $2.74B
2024Q4 $2.03B
2025Q1 $664M
2025Q2 $146M
2025Q3 $3.99B
2025Q4 $1.42B
2026Q1 $1.44B
2026Q2 −$1.09B
Shares

Latest: 3.95B (2026Q2)

Period Value
2020Q3 1.10B
2020Q4 948M
2021Q1 1.13B
2021Q2 1.12B
2021Q3 3.37B
2021Q4 1.00B
2022Q1 3.47B
2022Q2 3.46B
2022Q3 3.47B
2022Q4 3.16B
2023Q1 3.47B
2023Q2 3.48B
2023Q3 3.49B
2023Q4 3.18B
2024Q1 3.48B
2024Q2 3.48B
2024Q3 3.50B
2024Q4 3.21B
2025Q1 3.52B
2025Q2 3.52B
2025Q3 3.53B
2025Q4 3.33B
2026Q1 3.54B
2026Q2 3.95B
Cumulative FCF

Latest: $21.97B (2026Q2)

Period Value
2020Q3 −$7.00B
2020Q4 −$5.13B
2021Q1 −$4.84B
2021Q2 −$4.22B
2021Q3 −$2.89B
2021Q4 −$115M
2022Q1 $2.11B
2022Q2 $2.73B
2022Q3 $6.04B
2022Q4 $7.46B
2023Q1 $7.90B
2023Q2 $8.91B
2023Q3 $9.75B
2023Q4 $11.82B
2024Q1 $9.28B
2024Q2 $10.62B
2024Q3 $13.37B
2024Q4 $15.40B
2025Q1 $16.06B
2025Q2 $16.21B
2025Q3 $20.20B
2025Q4 $21.62B
2026Q1 $23.06B
2026Q2 $21.97B
Earnings coverage

Latest earnings

Next report: Oct 21, 2026 (Q3 2026)

See all TSLA earnings → Investor relations →

Background

Company History

Exchange
NASDAQ
IPO Date
Jun 29, 2010
IPO Price
$17.00
as issued; not split-adjusted, so not comparable to the current price
Shares Outstanding
3.53B
2003
Founding of Tesla Motors

Founded by Martin Eberhard and Marc Tarpenning in July 2003 in San Carlos, California. Focused on batteries, software, and motors to accelerate sustainable energy.

2008
Roadster Production Begins

Production of Roadster started; Musk became CEO in October after changes.

2010
IPO and Fremont Factory

Went public on NASDAQ, raising $226 million (first US car IPO since 1956); purchased NUMMI plant from Toyota for $42 million.

2012
Model S Launch

Launched Model S sedan; won Motor Trend Car of the Year, best-selling plug-in car.

2016
SolarCity Acquisition

Acquired SolarCity for $2.6 billion, forming Tesla Energy.

2020
S&P 500 Inclusion

Added to S&P 500 index, becoming one of the most valuable companies.

2024
Cybertruck Production Ramp

Ramped up Cybertruck production after initial delays.

Leadership

Key Players

showing 6 of 14

Elon Musk
CEO, Technoking, Co-Founder, Director
Elon Musk
Oversees overall strategy, product development, and innovation; also leads SpaceX, xAI, and more.

The CEO view — 10 podcasts, interviews & articles →

Vaibhav Taneja
CFO
Manages financial strategy, operations, and accounting; promoted to CFO in 2023.
Tom Zhu (Xiaotong Zhu)
SVP, Automotive & Global Vehicle Manufacturing
Leads APAC operations and global manufacturing; key in scaling production.
Lars Moravy
VP, Vehicle Engineering
Oversees vehicle engineering and manufacturing processes.
Franz von Holzhausen
Chief Designer
@woodhaus2
Leads design for all Tesla vehicles and products; joined in 2008.
Ashok Elluswamy
VP, AI/Autopilot Software
@aelluswamy
Heads AI and Autopilot development; key in Full Self-Driving advancements.

See all 14 key players →

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Institutional

Funds we follow holding TSLA

By latest reported 13F position value. Market value at quarter-end, not cost basis.