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This article presents Tesla’s results of operations, consisting of revenue breakdown by segment, cost of revenue by segment, gross profit by segment, and gross margin by segment.
Let’s look at the numbers!
For other key statistics of Tesla, you may find more resources on this page: Tesla key stats.
Please use the table of contents to navigate this page.
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This dataset features the complete **Tesla’s results of operations, consisting of revenue by segment, cost of revenue, and gross profit margin**, matching the data visualized in this post.
.xlsx) and raw data (.csv) formats.🔒 Security Note: 100% clean data file. No macros embedded.
Table Of Contents
Insight & Summary of Observed Trends
Z1. Insight & Summary of Tesla’s Results of Operations
Results of Operations Statistics
A1. Revenue breakdown by segment
A2. Cost of revenue by segment
A3. Gross profit by segment
A4. Gross margin by segment
Reference, Credits, and Disclosure
S1. References and Credits
S2. Disclosure
Insight & Summary of Tesla’s Results of Operations
Tesla's gross profit is no longer growing with revenue: automotive margins have compressed to a period low, and the Energy generation and storage segment has become the main source of profit growth.
Key Risk: Automotive Margin Compression: Automotive sales gross margin has fallen from 26.5% in FY2021 to 14.5% in FY2025, the lowest of the period, while automotive sales revenue is down 16.2% from its FY2023 peak. Total automotive gross profit has fallen $7,993M since FY2022.
Earnings Quality: Regulatory Credits: Automotive regulatory credits of $1,993M, which carry no cost of revenues, made up 16.1% of total automotive gross profit in FY2025. Credits fell from $2,763M in FY2024, so this cushion is shrinking.
Support: Energy Generation and Storage: Energy generation and storage revenue has more than tripled since FY2022 to $12,771M, and its gross margin reached a period high of 29.8%. The segment now earns 22.2% of total gross profit, and its $3,514M gain since FY2022 offset 44.0% of the automotive decline.
Growth: First Revenue Decline: Total revenues fell 2.9% in FY2025, the first decline of the period, while total gross margin has held between 17.9% and 18.2% for three years after dropping from 25.6% in FY2022.
Structural Takeaway & Trend: Tesla's profit mix is shifting from cars to energy and services, which together earned 27.7% of gross profit in FY2025. Automotive still generates 72.3%, so group profitability depends on automotive margins stabilizing.
Critical thresholds: an automotive sales gross margin back above its FY2023 level of 17.1% would confirm that the compression has ended. Energy generation and storage gross profit falling below its FY2024 level of $2,640M would remove the main offset and expose total gross profit to further declines.
The table below combines all key Tesla’s results of operations metrics into a single view for the latest three fiscal years.
Tesla's Results of Operations Analysis — 3-Year Average (FY2023–FY2025)
| Metric | 3-Year Average (FY2023–FY2025) |
|---|---|
| Revenue by Segment | |
| Automotive sales | $72,270M |
| Automotive regulatory credits | $2,182M |
| Automotive leasing | $1,886M |
| Total automotive revenues | $76,338M |
| Services and other | $10,461M |
| Total automotive & services and other segment revenue | $86,799M |
| Energy generation and storage segment | $9,631M |
| Total revenues | $96,430M |
| Cost of Revenue by Segment | |
| Automotive sales | $61,086M |
| Automotive leasing | $1,056M |
| Total automotive cost of revenues | $62,142M |
| Services and other | $9,783M |
| Total automotive & services and other segment cost of revenues | $71,926M |
| Energy generation and storage segment | $7,103M |
| Total cost of revenues | $79,029M |
| Gross Profit by Segment | |
| Automotive sales | $11,184M |
| Automotive leasing | $830M |
| Total automotive gross profit | $14,196M |
| Services and other | $678M |
| Total automotive & services and other segment gross profit | $14,874M |
| Energy generation and storage segment | $2,528M |
| Total gross profit | $17,401M |
| Gross Margin by Segment | |
| Automotive sales | 15.4% |
| Automotive leasing | 44.3% |
| Total automotive gross margin | 18.5% |
| Services and other | 6.4% |
| Total automotive & services and other segment gross margin | 17.1% |
| Energy generation and storage segment | 25.0% |
| Total gross margin | 18.0% |
All sections cover FY2023–FY2025. US$ amounts are in millions, rounded to the nearest million, with losses negative; gross margin averages are the simple average of the annual margins, rounded to one decimal place. Total automotive gross profit includes Automotive regulatory credits, which have no cost of revenues. Rows are rounded independently, so a total may differ by $1M from the sum of the rows shown.
Revenue breakdown by segment
📊 Get Instant Access to This Dataset — Only $0.90
This dataset features the complete **Tesla’s results of operations, consisting of revenue by segment, cost of revenue, and gross profit margin**, matching the data visualized in this post.
.xlsx) and raw data (.csv) formats.🔒 Security Note: 100% clean data file. No macros embedded.
Tesla's Revenue by Segment — Averages (FY2023–FY2025)
| Metric | 3-Year Average (FY2023–FY2025) |
|---|---|
| Automotive sales | $72,270M |
| Automotive regulatory credits | $2,182M |
| Automotive leasing | $1,886M |
| Total automotive revenues | $76,338M |
| Services and other | $10,461M |
| Total automotive & services and other segment revenue | $86,799M |
| Energy generation and storage segment | $9,631M |
| Total revenues | $96,430M |
Averages are the simple average of the annual values, in millions of US dollars, rounded to the nearest million.
Cost of revenue by segment
Tesla's Cost of Revenue by Segment — Averages (FY2023–FY2025)
| Metric | 3-Year Average (FY2023–FY2025) |
|---|---|
| Automotive sales | $61,086M |
| Automotive leasing | $1,056M |
| Total automotive cost of revenues | $62,142M |
| Services and other | $9,783M |
| Total automotive & services and other segment cost of revenues | $71,926M |
| Energy generation and storage segment | $7,103M |
| Total cost of revenues | $79,029M |
Averages are the simple average of the annual values, in millions of US dollars, rounded to the nearest million. Rows are rounded independently, so a total may differ by $1M from the sum of the rows shown.
Gross profit by segment
Tesla's Gross Profit by Segment — Averages (FY2023–FY2025)
| Metric | 3-Year Average (FY2023–FY2025) |
|---|---|
| Automotive sales | $11,184M |
| Automotive leasing | $830M |
| Total automotive gross profit | $14,196M |
| Services and other | $678M |
| Total automotive & services and other segment gross profit | $14,874M |
| Energy generation and storage segment | $2,528M |
| Total gross profit | $17,401M |
Averages are the simple average of the annual values, in millions of US dollars, rounded to the nearest million. Losses are negative. Total automotive gross profit includes Automotive regulatory credits, which have no cost of revenues and are not a separate row in this section. Rows are rounded independently, so a total may differ by $1M from the sum of the rows shown.
Gross margin by segment
Tesla's Gross Margin by Segment — Averages (FY2023–FY2025)
| Metric | 3-Year Average (FY2023–FY2025) |
|---|---|
| Automotive sales | 15.4% |
| Automotive leasing | 44.3% |
| Total automotive gross margin | 18.5% |
| Services and other | 6.4% |
| Total automotive & services and other segment gross margin | 17.1% |
| Energy generation and storage segment | 25.0% |
| Total gross margin | 18.0% |
Averages are the simple average of the annual gross margins (gross profit divided by revenues), rounded to one decimal place; they are not weighted by revenue.
References and Credits
1. All financial figures presented here are obtained and referenced from Tesla’s annual and quarterly reports published on the company’s investor relations page: Tesla investor relations.
2. Pexels Images.
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Disclosure
We may use artificial intelligence (AI) tools to assist us in writing some of the text in this article. However, the data is directly obtained from original sources (usually the quarterly and annual reports) and meticulously cross-checked by our editors multiple times to ensure its accuracy and reliability.
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