Tesla, Inc. (TSLA) stock
TSLANasdaqMotor Vehicles & Passenger Car BodiesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 22, 2026Score 11/30892% above fair value
$390.22−7.23 (-1.82%)
Close on Nov 13, 2026Market cap $1.54TP/E 428.8Yield –
Tesla gross margin
Gross margin is gross profit as a percentage of revenue.
Tesla's gross margin for the twelve months ending Sep 30, 2026 was 19.3%. For fiscal 2025 it was 18.0%, against 17.9% the year before. The highest annual figure on record is 30.2% in fiscal 2011.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 18.0% | +0.2 |
| FY2024 | Dec 31, 2024 | 17.9% | −0.4 |
| FY2023 | Dec 31, 2023 | 18.2% | −7.3 |
| FY2022 | Dec 31, 2022 | 25.6% | +0.3 |
| FY2021 | Dec 31, 2021 | 25.3% | +4.3 |
| FY2020 | Dec 31, 2020 | 21.0% | +4.5 |
| FY2019 | Dec 31, 2019 | 16.6% | −2.3 |
| FY2018 | Dec 31, 2018 | 18.8% | −0.1 |
| FY2017 | Dec 31, 2017 | 18.9% | −3.9 |
| FY2016 | Dec 31, 2016 | 22.8% | +0.0 |
| FY2015 | Dec 31, 2015 | 22.8% | −4.7 |
| FY2014 | Dec 31, 2014 | 27.6% | +4.9 |
| FY2013 | Dec 31, 2013 | 22.7% | +15.4 |
| FY2012 | Dec 31, 2012 | 7.3% | −22.9 |
| FY2011 | Dec 31, 2011 | 30.2% | +3.8 |
| FY2010 | Dec 31, 2010 | 26.3% | +17.8 |
| FY2009 | Dec 31, 2009 | 8.5% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 19.6% | +1.6 |
| Q2 FY2026 | Jun 30, 2026 | 16.8% | −0.4 |
| Q1 FY2026 | Mar 31, 2026 | 21.1% | +4.8 |
| Q4 FY2025 | Dec 31, 2025 | 20.1% | +3.9 |
| Q3 FY2025 | Sep 30, 2025 | 18.0% | −1.9 |
| Q2 FY2025 | Jun 30, 2025 | 17.2% | −0.7 |
| Q1 FY2025 | Mar 31, 2025 | 16.3% | −1.0 |
| Q4 FY2024 | Dec 31, 2024 | 16.3% | −1.4 |
| Q3 FY2024 | Sep 30, 2024 | 19.8% | +2.0 |
| Q2 FY2024 | Jun 30, 2024 | 18.0% | −0.2 |
| Q1 FY2024 | Mar 31, 2024 | 17.4% | −2.0 |
| Q4 FY2023 | Dec 31, 2023 | 17.6% | −6.1 |
| Q3 FY2023 | Sep 30, 2023 | 17.9% | −7.2 |
| Q2 FY2023 | Jun 30, 2023 | 18.2% | −6.8 |
| Q1 FY2023 | Mar 31, 2023 | 19.3% | −9.8 |
| Q4 FY2022 | Dec 31, 2022 | 23.8% | −3.6 |
| Q3 FY2022 | Sep 30, 2022 | 25.1% | −1.5 |
| Q2 FY2022 | Jun 30, 2022 | 25.0% | +0.9 |
| Q1 FY2022 | Mar 31, 2022 | 29.1% | +7.8 |
| Q4 FY2021 | Dec 31, 2021 | 27.4% | +8.1 |
| Q3 FY2021 | Sep 30, 2021 | 26.6% | +3.1 |
| Q2 FY2021 | Jun 30, 2021 | 24.1% | +3.1 |
| Q1 FY2021 | Mar 31, 2021 | 21.3% | +0.7 |
| Q4 FY2020 | Dec 31, 2020 | 19.2% | +0.4 |
| Q3 FY2020 | Sep 30, 2020 | 23.5% | +4.6 |
| Q2 FY2020 | Jun 30, 2020 | 21.0% | +6.5 |
| Q1 FY2020 | Mar 31, 2020 | 20.6% | +8.2 |
| Q4 FY2019 | Dec 31, 2019 | 18.8% | −1.1 |
| Q3 FY2019 | Sep 30, 2019 | 18.9% | −3.4 |
| Q2 FY2019 | Jun 30, 2019 | 14.5% | −1.0 |
| Q1 FY2019 | Mar 31, 2019 | 12.5% | −0.9 |
| Q4 FY2018 | Dec 31, 2018 | 20.0% | +6.6 |
| Q3 FY2018 | Sep 30, 2018 | 22.3% | +7.3 |
| Q2 FY2018 | Jun 30, 2018 | 15.5% | −8.4 |
| Q1 FY2018 | Mar 31, 2018 | 13.4% | −11.4 |
| Q4 FY2017 | Dec 31, 2017 | 13.3% | −5.7 |
| Q3 FY2017 | Sep 30, 2017 | 15.0% | – |
| Q2 FY2017 | Jun 30, 2017 | 23.9% | – |
| Q1 FY2017 | Mar 31, 2017 | 24.8% | – |
| Q4 FY2016 | Dec 31, 2016 | 19.1% | – |
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