Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Tesla, Inc.

TSLA stock analysis · Consumer Discretionary · Automobile Manufacturers

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$420.60HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$1.7T

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$23.92

Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · -94.3% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

93.5%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-94.4%

43 sector peers · median 24.5×

How this is calculated ↗
Valuation

Historical multiples

161.6×

6 annual observations · snapshot P/E 437.8× · 170.9% versus history

How this is calculated ↗
Valuation

Free cash flow yield

0.4%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

5.1%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

7/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

12.9%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-8.4%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

-1.8%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 14.9B2020-12-31: cfo $5,943,000,000.002020-12-31: capex $3,157,000,000.0020202021-12-31: cfo $11,497,000,000.002021-12-31: capex $6,482,000,000.0020212022-12-31: cfo $14,724,000,000.002022-12-31: capex $7,158,000,000.0020222023-12-31: cfo $13,256,000,000.002023-12-31: capex $8,899,000,000.0020232024-12-31: cfo $14,923,000,000.002024-12-31: capex $11,342,000,000.0020242025-12-31: cfo $14,747,000,000.002025-12-31: capex $8,527,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$30.01$32.74$35.68
10.0%$21.99$23.92$26.00
12.0%$17.35$18.82$20.41

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3194.8B3.9B14.7B8.5B137.8B
2024-12-3197.7B7.2B14.9B11.3B122.1B
2023-12-3196.8B15B13.3B8.9B106.6B
2022-12-3181.5B12.6B14.7B7.2B82.3B
2021-12-3153.8B5.6B11.5B6.5B62.1B
2020-12-3131.5B862M5.9B3.2B52.1B
2019-12-3124.6B-775M2.4B1.3B34.3B
2018-12-3121.5B-1.1B2.1B2.1B29.7B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue94.8BRevenueFromContractWithCustomerExcludingAssessedTax2026-01-29
netIncome3.9BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-01-29
Parent/common earnings proxy3.8BNetIncomeLossAvailableToCommonStockholdersBasic2026-01-29
cfo14.7BNetCashProvidedByUsedInOperatingActivities2026-01-29
capex8.5BPaymentsToAcquirePropertyPlantAndEquipment2026-01-29
operatingIncome4.4BOperatingIncomeLoss2026-01-29
assets137.8BAssets2026-01-29
equity82.8BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-01-29
Parent book equity proxy82.1BStockholdersEquity2026-01-29
debt6.6BLongTermDebt2026-01-29
shortDebtNot reported under a supported tag
cash16.5BCashAndCashEquivalentsAtCarryingValue2026-01-29
shares3.5BWeightedAverageNumberOfDilutedSharesOutstanding2026-01-29
dividends0Reviewed manual correction
This issuer explicitly confirms in its annual filing that it has never declared or paid cash dividends on its common/capital stock. Reviewed cash-dividend zero, bounded to fiscal period ending 2025-12-31. The exact statement and source filing are retained in the evidence record. This is explicit filing evidence, not an assumption from an absent cash-flow line. Surrounding source passage reviewed as the registrant’s own common-stock policy, not a subsidiary or predecessor statement.
2026-01-29
buybacksNot reported under a supported tag
issuance1.2BReviewed manual correction
Bounded FY2025-12-31 consolidated financing-statement extraction. Proceeds from exercises of stock options and other stock issuances, net of issuance costs: 1186000000 USD [us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions]. All 9 financing lines reconcile exactly to reported financing cash flow 1139000000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: issuance follows the separately reported common cash-inflow lines; it is not an independent verification of every gross equity transaction.
2026-01-29