Tesla, Inc.

TSLA 10-Q · Q2 2025

TSLA Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 22,496 25,500 -11.8%
Show Product Lines breakouts
Automotive leasing 435 458 -5.0%
Automotive regulatory credits 439 890 -50.7%
Automotive Revenues 16,661 19,878 -16.2%
Automotive sales 15,787 18,530 -14.8%
Energy generation and storage 2,789 3,014 -7.5%
Energy generation and storage leasing 143 148 -3.4%
Energy generation and storage sales 2,646 2,866 -7.7%
Services and other 3,046 2,608 +16.8%
Total revenues from sales and services 21,918 24,894 -12.0%
Cost of Revenue 18,618 20,922 -11.0%
Show Product Lines breakouts
Automotive leasing 228 245 -6.9%
Automotive Revenues 13,795 16,207 -14.9%
Automotive sales 13,567 15,962 -15.0%
Energy generation and storage 1,943 2,274 -14.6%
Services and other 2,880 2,441 +18.0%
Show Business Segments breakouts
Automotive 16,675 18,648 -10.6%
Energy generation and storage segment 1,943 2,274 -14.6%
Gross Profit 3,878 4,578 -15.3%
Show Business Segments breakouts
Automotive 3,032 3,838 -21.0%
Energy generation and storage segment 846 740 +14.3%
Research & Development 1,589 1,074 +48.0%
Selling, General & Administrative 1,366 1,277 +7.0%
Operating Expenses 2,955 2,973 -0.6%
Operating Income 923 1,605 -42.5%
Interest Income 392 348 +12.6%
Interest Expense -86 -86 0.0%
Other Non-Operating Income (Expense) 320 -80 +500.0%
Income Before Taxes 1,549 1,787 -13.3%
Income Tax Expense (Benefit) 359 371 -3.2%
Net Income 1,190 1,416 -16.0%
Net Income Loss Attributable To Noncontrolling Interest 18 16 +12.5%
Net Income 1,172 1,400 -16.3%
EPS (Basic) 0.36 0.44 -18.2%
EPS (Diluted) 0.33 0.4 -17.5%
Wtd Avg Shares (Basic) 3,223 3,191 +1.0%
Wtd Avg Shares (Diluted) 3,519 3,481 +1.1%
Revenue 22,496 25,500 -11.8%
Show Business Segments breakouts
Automotive 19,707 22,486 -12.4%
Energy generation and storage segment 2,789 3,014 -7.5%
Show Geography breakouts
CN 4,305 4,636 -7.1%
Other international 6,382 7,608 -16.1%
US 11,809 13,256 -10.9%
Comprehensive Income 1,754 1,332 +31.7%
Other Comprehensive Income 582 -68 +955.9%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 582 -68 +955.9%
Parent 582 -68 +955.9%
Net Income Loss Available To Common Stockholders Basic 1,172 1,400 -16.3%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 15,587 14,635 +6.5%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 59
Short-Term Investments 21,195 16,085 +31.8%
Accounts Receivable 3,838
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 27
Show Accounts Notes Loans And Financing Receivable By Receivable Type breakouts
Government Rebates Receivables 217
Inventory 14,570
Show Business Segments breakouts
Automotive 12,124
Energy generation and storage segment 2,446
Prepaid Expenses & Other Current Assets 5,943
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 250
Total Current Assets 61,133
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 336
Non-Current Assets
Deferred Costs Leasing Net Noncurrent (Q)
Show Property Plant And Equipment By Type breakouts
Operating lease vehicles, net 5,230 5,541 -5.6%
Property, Plant & Equipment 38,574
Operating Lease Right-of-Use Assets 5,633 4,563 +23.4%
Crypto Asset Fair Value Noncurrent 1,235
Goodwill 258 249 +3.6%
Deferred Tax Assets 6,721 6,573 +2.3%
Other Non-Current Assets 4,857
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 191
Total Assets 128,567
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 3,108
Other Assets
Leased Assets Net (Q)
Show Property Plant And Equipment By Type breakouts
Solar energy systems, net 4,788 5,102 -6.2%
Intangible Assets Net Excluding Goodwill 138 164 -15.9%
Current Liabilities
Accounts Payable 13,212 13,056 +1.2%
Accrued And Other Current Liabilities 11,519
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 35
Deferred Revenue (Current) 3,237
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 6
Long Term Debt And Finance Leases Current 2,040
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 1,748
Total Current Liabilities 30,008
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 1,789
Debt Current 1,962
Show Debt Instrument breakouts
Automotive Asset-backed Notes · Nonrecourse Debt [Member] 1,878
Cash Equity Debt · Nonrecourse Debt [Member] 30
Energy Asset-backed Notes · Nonrecourse Debt [Member] 53
Other · Recourse debt: 1
Show Long-Term Debt Type breakouts
Nonrecourse Debt [Member] 1,961
Recourse debt: 1
Non-Current Liabilities
Long Term Debt And Finance Leases Noncurrent 5,180
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 1,422
Contract With Customer Liability Noncurrent 3,764
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 63
Other Non-Current Liabilities 11,543
Total Liabilities 50,495
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 3,274
Long-Term Debt 4,994
Show Debt Instrument breakouts
Automotive Asset-backed Notes · Nonrecourse Debt [Member] 1,532
Cash Equity Debt · Nonrecourse Debt [Member] 286
China Working Capital Facility · Nonrecourse Debt [Member] 2,790
Energy Asset-backed Notes · Nonrecourse Debt [Member] 384
Other · Recourse debt: 2
Show Long-Term Debt Type breakouts
Nonrecourse Debt [Member] 4,992
Recourse debt: 2
Operating Lease Liabilities 5,022
Stockholders' Equity
Common Stock 3 3 0.0%
Additional Paid In Capital Common Stock 40,363 36,443 +10.8%
Accumulated Other Comprehensive Income 158 -467 +133.8%
Retained Earnings 36,790 30,908 +19.0%
Total Stockholders' Equity 77,314 66,468 +16.3%
Minority Interest 697 723 -3.6%
Total Liabilities & Equity 128,567 112,832 +13.9%
Redeemable Noncontrolling Interest Equity Carrying Amount 61 72 -15.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation Amortization And Impairment 2,880 2,524 +14.1%
Stock-Based Compensation 1,208 963 +25.4%
Show Award Type breakouts
Performance Based Restricted Stock Units And Stock Options 92
Inventory Write Down 248 146 +69.9%
Show Income Statement Location breakouts
Cost Of Sales 210 68 +208.8%
Foreign Currency Transaction Gain Loss Unrealized 54 -90 +160.0%
Deferred Income Taxes 9 185 -95.1%
Noncash Interest Income Expense And Other Operating Activities 73 63 +15.9%
Gain Loss On Digital Assets -159 -235 +32.3%
Change in Accounts Receivable 601 -285 +310.9%
Change in Inventory -2,407 -914 -163.3%
Increase Decrease In Operating Lease Vehicles 65 -49 +232.7%
Change in Prepaid & Other Assets -1,137 -1,630 +30.2%
Increase Decrease In Accounts Payable And Accrued Liabilities 1,333 249 +435.3%
Change in Deferred Revenue 318 106 +200.0%
Net Cash from Operations 4,696 3,854 +21.8%
Depreciation & Amortization (YTD)
Show Business Segments breakouts
Automotive 1.84 1.76 +4.5%
Energy generation and storage segment 170 185 -8.1%
Investing Activities
Capital Expenditures -3,886 -5,049 +23.0%
Payments To Acquire Investments -13,500 -14,765 +8.6%
Proceeds From Sale Maturity And Collections Of Investments 12,791 11,305 +13.1%
Net Cash from Investing -4,595 -8,309 +44.7%
Noncash Or Part Noncash Acquisition Value Of Assets Acquired1 1,639 2,099 -21.9%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability 784 797 -1.6%
Financing Activities
Proceeds From Issuance Of Debt 3,050 3,895 -21.7%
Repayments Of Convertible Debt -4,129 -1,222 -237.9%
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options 528 448 +17.9%
Finance Lease Principal Payments -67 -206 +67.5%
Proceeds Received From Directors In Shareholder Settlement 277
Payment For Legal Fees -176
Debt Issuance Costs -1 -5 +80.0%
Payments To Minority Shareholders -36 -50 +28.0%
Net Cash from Financing -554 2,736 -120.2%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 151 -116 +230.2%
Net Change in Cash -302 -1,835 +83.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 16,735 15,354 +9.0%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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