Tesla, Inc.

TSLA 10-Q · Q1 2026

TSLA Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 22,387 19,335 +15.8%
Show Product Lines breakouts
Automotive leasing 381 447 -14.8%
Automotive regulatory credits 380 595 -36.1%
Automotive Revenues 16,234 13,967 +16.2%
Automotive sales 15,473 12,925 +19.7%
Energy generation and storage 2,408 2,730 -11.8%
Energy generation and storage leasing 103 109 -5.5%
Energy generation and storage sales 2,305 2,621 -12.1%
Services and other 3,745 2,638 +42.0%
Total revenues from sales and services 21,903 18,779 +16.6%
Show Related Party Transactions By Related Party breakouts
Related Party 87
Cost of Revenue 17,667 16,182 +9.2%
Show Product Lines breakouts
Automotive leasing 196 239 -18.0%
Automotive Revenues 12,812 11,700 +9.5%
Automotive sales 12,616 11,461 +10.1%
Energy generation and storage 1,456 1,945 -25.1%
Services and other 3,399 2,537 +34.0%
Show Business Segments breakouts
Automotive 16,211 14,237 +13.9%
Energy generation and storage segment 1,456 1,945 -25.1%
Show Related Party Transactions By Related Party breakouts
Related Party 65
Gross Profit 4,720 3,153 +49.7%
Show Business Segments breakouts
Automotive 3,768 2,368 +59.1%
Energy generation and storage segment 952 785 +21.3%
Research & Development 1,946 1,409 +38.1%
Selling, General & Administrative 1,833 1,251 +46.5%
Operating Expenses 3,779 2,754 +37.2%
Operating Income 941 399 +135.8%
Interest Income 434 400 +8.5%
Interest Expense -92 -91 -1.1%
Other Non-Operating Income (Expense) -535 -119 -349.6%
Income Before Taxes 748 589 +27.0%
Income Tax Expense (Benefit) 257 169 +52.1%
Net Income 491 420 +16.9%
Net Income Loss Attributable To Noncontrolling Interest 14 11 +27.3%
Net Income 477 409 +16.6%
EPS (Basic) 0.15 0.13 +15.4%
EPS (Diluted) 0.13 0.12 +8.3%
Wtd Avg Shares (Basic) 3,234 3,218 +0.5%
Wtd Avg Shares (Diluted) 3,538 3,521 +0.5%
Revenue 22,387 19,335 +15.8%
Show Business Segments breakouts
Automotive 19,979 16,605 +20.3%
Energy generation and storage segment 2,408 2,730 -11.8%
Show Geography breakouts
CN 4,184 4,303 -2.8%
Other international 7,526 4,699 +60.2%
US 10,677 10,333 +3.3%
Comprehensive Income 450 655 -31.3%
Other Comprehensive Income -27 246 -111.0%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -27 246 -111.0%
Parent -27 246 -111.0%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 16,603 16,352 +1.5%
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 91
Show Cash And Cash Equivalents breakouts
Cash 14,470
Money Market Funds 2,133
Short-Term Investments 28,140
Show Financial Instrument breakouts
Certificates of deposit and time deposits 13,397
Commercial Paper Not Included With Cash And Cash Equivalents 6,804
Corporate Debt Securities 3
US Government Debt Securities 7,936
Accounts Receivable 3,959
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 13
Show Accounts Notes Loans And Financing Receivable By Receivable Type breakouts
Government Rebates Receivables 144
Inventory 14,434
Show Business Segments breakouts
Automotive 10,880
Energy generation and storage segment 3,554
Prepaid Expenses & Other Current Assets 6,612
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 173
Total Current Assets 69,748
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 277
Non-Current Assets
Deferred Costs Leasing Net Noncurrent (Q)
Show Property Plant And Equipment By Type breakouts
Operating lease vehicles, net 4,530 5,477 -17.3%
Operating Lease Right-of-Use Assets 6,332 5,330 +18.8%
Crypto Asset Fair Value Noncurrent 786 951 -17.4%
Deferred Tax Assets 7,060
Other Non-Current Assets 7,490
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 154
Total Assets 143,724
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 2,992
Other Assets
Leased Assets Net (Q)
Show Property Plant And Equipment By Type breakouts
Energy generation and storage systems, net 4,565
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 43,213
Current Liabilities
Accounts Payable 14,696 13,471 +9.1%
Accrued And Other Current Liabilities 14,554
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 32
Deferred Revenue (Current) 3,441
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 6
Long Term Debt And Finance Leases Current 1,447
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 1,189
Total Current Liabilities 34,138
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 1,227
Debt Current 1,374
Show Debt Instrument breakouts
Automotive Asset-backed Notes · Nonrecourse Debt [Member] 1,319
Cash Equity Debt · Nonrecourse Debt [Member] 11
Energy Asset-backed Notes · Nonrecourse Debt [Member] 44
Show Long-Term Debt Type breakouts
Nonrecourse Debt [Member] 1,374
Non-Current Liabilities
Long Term Debt And Finance Leases Noncurrent 7,782
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 1,293
Contract With Customer Liability Noncurrent 3,847
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 59
Other Non-Current Liabilities 13,155
Total Liabilities 58,922
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 2,579
Long-Term Debt 7,645
Show Debt Instrument breakouts
Automotive Asset-backed Notes · Nonrecourse Debt [Member] 1,417
Cash Equity Debt · Nonrecourse Debt [Member] 101
China Working Capital Facility · Nonrecourse Debt [Member] 5,794
Energy Asset-backed Notes · Nonrecourse Debt [Member] 331
Other · Recourse debt: 2
Show Long-Term Debt Type breakouts
Nonrecourse Debt [Member] 7,643
Recourse debt: 2
Operating Lease Liabilities 5,673
Stockholders' Equity
Common Stock 3 3 0.0%
Additional Paid In Capital Common Stock 44,299 39,456 +12.3%
Accumulated Other Comprehensive Income 334 -424 +178.8%
Retained Earnings 39,480
Total Stockholders' Equity 84,116 74,653 +12.7%
Minority Interest 629 703 -10.5%
Total Liabilities & Equity 143,724 125,111 +14.9%
Redeemable Noncontrolling Interest Equity Carrying Amount 57 62 -8.1%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation Amortization And Impairment 1,590 1,447 +9.9%
Stock-Based Compensation 1,030 573 +79.8%
Show Award Type breakouts
Performance Based Restricted Stock Units And Stock Options 136
Inventory Write Down 77 112 -31.2%
Show Income Statement Location breakouts
Cost Of Sales 77 79 -2.5%
Foreign Currency Transaction Gain Loss Unrealized 287 30 +856.7%
Deferred Income Taxes -136 -43 -216.3%
Gain Loss On Digital Assets 222 125 +77.6%
Noncash Interest Income Expense And Other Operating Activities 1 46 -97.8%
Change in Accounts Receivable 561 630 -11.0%
Change in Inventory -2,255 -1,704 -32.3%
Increase Decrease In Operating Lease Vehicles 174 -76 +328.9%
Change in Prepaid & Other Assets 231 -419 +155.1%
Increase Decrease In Accounts Payable And Accrued Liabilities 1,401 706 +98.4%
Change in Deferred Revenue 263 309 -14.9%
Net Cash from Operations 3,937 2,156 +82.6%
Depreciation & Amortization (Q)
Show Business Segments breakouts
Automotive 1.02 954 -99.9%
Energy generation and storage segment 95 83 +14.5%
Investing Activities
Capital Expenditures -2,493 -1,492 -67.1%
Payments To Acquire Equity Method Investments -2,002
Payments To Acquire Short Term Investments -8,318 -6,015 -38.3%
Proceeds From Sale Maturity And Collection Of Shortterm Investments 7,790 5,856 +33.0%
Net Cash from Investing -5,023 -1,651 -204.2%
Noncash Or Part Noncash Acquisition Value Of Assets Acquired1 2,814 1,581 +78.0%
Right Of Use Asset Obtained In Exchange For Finance Lease Liability 6
Right Of Use Asset Obtained In Exchange For Operating Lease Liability 565 342 +65.2%
Financing Activities
Proceeds From Issuance Of Debt 4,331 625 +593.0%
Repayments Of Convertible Debt -3,530 -1,301 -171.3%
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options 361 313 +15.3%
Finance Lease Principal Payments -18 -48 +62.5%
Payment For Proceeds From Legal Fees 98 -176 +155.7%
Payments To Minority Shareholders -70 -22 -218.2%
Net Cash from Financing 1,172 -332 +453.0%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations -47 40 -217.5%
Net Change in Cash 39 213 -81.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 17,655 17,250 +2.3%

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

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