v3.25.4
Segment Reporting and Information about Geographic Areas
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting and Information about Geographic Areas Segment Reporting and Information about Geographic Areas
Our Chief Executive Officer, as the CODM, organizes our company, manages resource allocations and measures performance among two operating and reportable segments: (i) automotive and (ii) energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of electric vehicles as well as sales of automotive regulatory credits. Additionally, the automotive segment also includes services and other, which includes sales of used vehicles, non-warranty maintenance services and collision, paid Supercharging sessions, automotive insurance business revenue, part sales and retail merchandise sales. The energy generation and storage segment includes the design, manufacture, installation, sales and leasing of energy generation and storage products and related services and sales of energy generation incentives.
Our CODM does not evaluate operating segments using asset or liability information. The CODM uses gross profit to allocate operating and capital resources and assesses performance of each segment by comparing actual gross profit results to historical results and previously forecasted financial information. The following table presents revenues, cost of revenues and gross profit by reportable segment (in millions):
Year Ended December 31,
202520242023
Automotive segment  
Revenues$82,056 $87,604 $90,738 
Cost of revenues (1)$68,764 $72,794 $74,219 
Gross profit$13,292 $14,810 $16,519 
Energy generation and storage segment  
Revenues$12,771 $10,086 $6,035 
Cost of revenues (2)$8,969 $7,446 $4,894 
Gross profit$3,802 $2,640 $1,141 
(1)Depreciation and amortization included in Cost of revenues for the automotive segment for the years ended December 31, 2025, 2024 and 2023 was $3.78 billion, $3.68 billion and $3.45 billion, respectively.
(2)Depreciation and amortization included in Cost of revenues for the energy generation and storage segment for the years ended December 31, 2025, 2024 and 2023 was $355 million, $377 million and $343 million, respectively.
The following table presents revenues by geographic area based on the sales location of our products (in millions):
Year Ended December 31,
202520242023
United States$47,627 $47,725 $45,235 
China20,962 20,944 21,745 
Other international26,238 29,021 29,793 
Total$94,827 $97,690 $96,773 
The following table presents long-lived assets by geographic area (in millions):
December 31,
2025		December 31,
2024
United States$35,847 $32,461 
Germany4,775 4,175 
Other international4,625 4,124 
Total$45,247 $40,760 
The following table presents inventory by reportable segment (in millions):
December 31,
2025		December 31,
2024
Automotive$9,678 $9,988 
Energy generation and storage2,714 2,029 
Total$12,392 $12,017