TSLA

Tesla, Inc.

v3.25.3
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Revenues $ 28,095 $ 25,182 $ 69,926 $ 71,983
Cost of revenues        
Total cost of revenues 23,041 20,185 57,841 58,712
Gross profit 5,054 4,997 12,085 13,271
Operating expenses        
Research and development 1,630 1,039 4,628 3,264
Selling, general and administrative 1,562 1,186 4,179 3,837
Restructuring and other 238 55 332 677
Total operating expenses 3,430 2,280 9,139 7,778
Income from operations 1,624 2,717 2,946 5,493
Interest income 439 429 1,231 1,127
Interest expense (76) (92) (253) (254)
Other income (expense), net (28) (263) 173 100
Income before income taxes 1,959 2,791 4,097 6,466
Provision for (benefit from) income taxes 570 602 1,098 1,456
Net income 1,389 2,189 2,999 5,010
Net income attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries 16 16 45 47
Net income attributable to common stockholders $ 1,373 $ 2,173 $ 2,954 $ 4,963
Net income per share of common stock attributable to common stockholders        
Basic (in dollars per share) $ 0.43 $ 0.68 $ 0.92 $ 1.57
Diluted (in dollars per share) $ 0.39 $ 0.62 $ 0.84 $ 1.43
Weighted average shares used in computing net income per share of common stock        
Basic (in shares) 3,227 3,198 3,223 3,192
Diluted (in shares) 3,526 3,497 3,523 3,489
Automotive Revenues        
Revenues        
Revenues $ 21,205 $ 20,016 $ 51,833 $ 57,272
Cost of revenues        
Total cost of revenues 17,590 15,990 43,085 46,363
Automotive sales        
Revenues        
Revenues 20,359 18,831 49,071 53,821
Cost of revenues        
Total cost of revenues 17,365 15,743 42,393 45,602
Automotive regulatory credits        
Revenues        
Revenues 417 739 1,451 2,071
Automotive leasing        
Revenues        
Revenues 429 446 1,311 1,380
Cost of revenues        
Total cost of revenues 225 247 692 761
Energy generation and storage        
Revenues        
Revenues 3,415 2,376 8,934 7,025
Cost of revenues        
Total cost of revenues 2,342 1,651 6,230 5,157
Services and other        
Revenues        
Revenues 3,475 2,790 9,159 7,686
Cost of revenues        
Total cost of revenues $ 3,109 $ 2,544 $ 8,526 $ 7,192