Tesla, Inc.TSLA
NasdaqGS•Consumer Cyclical•Auto Manufacturers
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage. The company offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty maintenance services and collision, automotive insurance services, as well as part sales and retail merchandise sale. It also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; purchase financing and leasing services; services for electric vehicles through its company-owned service locations and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. In addition, the company engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners. Further, it provides services and repairs to its energy product customers, including under warranty and extended service plans; and various financing options to its residential customers; lithium-ion battery energy storage products, such as Powerwall and Megapack; energy generation products, including solar panels and solar roof; self-driving development and artificial intelligence software, vehicle control and infotainment software, and battery and powertrain. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.
Tesla, Inc. (TSLA) reported trailing twelve months revenue of $97.88B as of March 2026, a 2.3% increase year-over-year. Quarterly revenue reached $22.39B, reflecting continued top-line momentum.
Tesla, Inc. generated $3.88B in TTM net income, with quarterly EBITDA of $840.00M. The operating margin expanded from 2.1% to 4.2%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (4.2%) and net margin (2.2%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 2.1% a year ago, signaling stronger bottom-line efficiency.
TSLA trades at a P/E of 324.3x (a premium multiple) and a P/S of 12.8x. The price-to-book ratio of 14.9x indicates a significant premium over book value.
The company generated $1.44B in free cash flow over the trailing twelve months, a 117.5% increase year-over-year, indicating cash generation ability. The balance sheet shows $143.72B in total assets with $7.64B in long-term debt against $84.11B in stockholders equity for a debt-to-equity ratio of 0.1, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~5.6% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~9.9% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 22.0% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF covers net income by 1.5x on average — earnings are well-supported by cash generation.
Debt-to-equity has risen 33.6% recently — increasing financial risk even if the current ratio is manageable.
Revenue has softened, declining in 3 quarters. Monitor for further erosion.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation