TSLA

Tesla, Inc.

v3.25.2
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Revenues $ 22,496 $ 25,500 $ 41,831 $ 46,801
Cost of revenues        
Total cost of revenues 18,618 20,922 34,800 38,527
Gross profit 3,878 4,578 7,031 8,274
Operating expenses        
Research and development 1,589 1,074 2,998 2,225
Selling, general and administrative 1,366 1,277 2,617 2,651
Restructuring and other 0 622 94 622
Total operating expenses 2,955 2,973 5,709 5,498
Income from operations 923 1,605 1,322 2,776
Interest income 392 348 792 698
Interest expense (86) (86) (177) (162)
Other income (expense), net 320 (80) 201 363
Income before income taxes 1,549 1,787 2,138 3,675
Provision for (benefit from) income taxes 359 371 528 854
Net income 1,190 1,416 1,610 2,821
Net income attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries 18 16 29 31
Net income attributable to common stockholders $ 1,172 $ 1,400 $ 1,581 $ 2,790
Net income per share of common stock attributable to common stockholders        
Basic (in dollars per share) $ 0.36 $ 0.44 $ 0.49 $ 0.89
Diluted (in dollars per share) $ 0.33 $ 0.40 $ 0.45 $ 0.81
Weighted average shares used in computing net income per share of common stock        
Basic (in shares) 3,223 3,191 3,220 3,189
Diluted (in shares) 3,519 3,481 3,520 3,483
Automotive Revenues        
Revenues        
Revenues $ 16,661 $ 19,878 $ 30,628 $ 37,256
Cost of revenues        
Total cost of revenues 13,795 16,207 25,495 30,373
Automotive sales        
Revenues        
Revenues 15,787 18,530 28,712 34,990
Cost of revenues        
Total cost of revenues 13,567 15,962 25,028 29,859
Automotive regulatory credits        
Revenues        
Revenues 439 890 1,034 1,332
Automotive leasing        
Revenues        
Revenues 435 458 882 934
Cost of revenues        
Total cost of revenues 228 245 467 514
Energy generation and storage        
Revenues        
Revenues 2,789 3,014 5,519 4,649
Cost of revenues        
Total cost of revenues 1,943 2,274 3,888 3,506
Services and other        
Revenues        
Revenues 3,046 2,608 5,684 4,896
Cost of revenues        
Total cost of revenues $ 2,880 $ 2,441 $ 5,417 $ 4,648