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Tesla, Inc. TSLA

Nasdaq · stock · Motor Vehicles & Passenger Car Bodies · website · IPO 2010-06-29 · LEI

Tesla, Inc. statistics & valuation

Market cap$1.43T
P / E375.9×
P / S15.0×
P / B17.2×
P / FCF229.3×
Net margin4.0%
Return on equity4.6%
FCF margin6.6%
Net cash$9.9B
Net debt / EBITDA-1.1×
Enterprise value USD$1.42T
Earnings yield EBIT/EV0.3%
Return on capital4.1%
Graham number -92.9%$23.16

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($23.16); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-9.60% -16.70% -4.50% -3.50% 2.30% 10.30% 15.40% 15.50% 7.30% 4.00% 2016201720182019202020212022202320242025
Gross margin (%)
22.80% 18.90% 18.80% 16.60% 21.00% 25.30% 25.60% 18.20% 17.90% 18.00% 2016201720182019202020212022202320242025
Operating margin (%)
-9.50% -13.90% -1.80% -0.30% 6.30% 12.10% 16.80% 9.20% 7.20% 4.60% 2016201720182019202020212022202320242025
Return on equity (%)
-12.20% -37.50% -17.00% -11.50% 3.10% 17.80% 27.60% 23.70% 9.60% 4.60% 2016201720182019202020212022202320242025
Shares outstanding
2.42B 2.53B 2.56B 2.71B 3.25B 3.39B 3.48B 3.48B 3.50B 3.75B 2016201720182019202020212022202320242025
Net debt ($)
$2.50B $5.46B $4.72B $4.13B -$10.92B -$13.32B -$15.22B -$13.72B -$10.60B -$9.93B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-3.00% -6.80% -3.30% -2.50% 1.40% 8.90% 15.20% 14.10% 5.80% 2.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-20.10% -29.60% 0.00% 4.40% 8.80% 9.30% 9.30% 4.50% 3.70% 6.60% 2016201720182019202020212022202320242025
Debt / equity (×)
1.06× 1.69× 1.46× 1.39× 0.37× 0.14× 0.02× 0.04× 0.08× 0.08× 2016201720182019202020212022202320242025
EPS ($)
-$0.31 -$0.79 -$0.38 -$0.33 $0.21 $1.63 $3.62 $4.30 $2.04 $1.08 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Tesla, Inc. trades at about 303.3× earnings — above its 10-year norm (10-year range 43.6×–1259.6×, median 198.3×).

43.6× 1259.6×

Shaded band = 10-year range (43.6×–1259.6×); dot = today's 303.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin18.0%17.9%18.2%25.6%25.3%21.0%16.6%18.8%18.9%22.8%
Operating margin4.6%7.2%9.2%16.8%12.1%6.3%-0.3%-1.8%-13.9%-9.5%
Net margin4.0%7.3%15.5%15.4%10.3%2.3%-3.5%-4.5%-16.7%-9.6%
FCF margin6.6%3.7%4.5%9.3%9.3%8.8%4.4%-0.0%-29.6%-20.1%
Return on assets2.8%5.8%14.1%15.2%8.9%1.4%-2.5%-3.3%-6.8%-3.0%
Return on equity4.6%9.6%23.7%27.6%17.8%3.1%-11.5%-17.0%-37.5%-12.2%
Debt / equity0.08×0.08×0.04×0.02×0.14×0.37×1.39×1.46×1.69×1.06×
Current ratio2.162.021.731.531.381.881.130.830.861.07

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.