Tesla, Inc.
For the period ended Mar 31, 2026. Filed Apr 23, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 23, 2026
TSLA$358.22+4.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in millions, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenues | ||
| Automotive sales | $15,473 | $12,925 |
| Automotive regulatory credits | 380 | 595 |
| Automotive leasing | 381 | 447 |
| Total automotive revenues | 16,234 | 13,967 |
| Energy generation and storage | 2,408 | 2,730 |
| Services and other | 3,745 | 2,638 |
| Total revenues | 22,387 | 19,335 |
| Cost of revenues | ||
| Automotive sales | 12,616 | 11,461 |
| Automotive leasing | 196 | 239 |
| Total automotive cost of revenues | 12,812 | 11,700 |
| Energy generation and storage | 1,456 | 1,945 |
| Services and other | 3,399 | 2,537 |
| Total cost of revenues | 17,667 | 16,182 |
| Gross profit | 4,720 | 3,153 |
| Operating expenses | ||
| Research and development | 1,946 | 1,409 |
| Selling, general and administrative | 1,833 | 1,251 |
| Restructuring and other | — | 94 |
| Total operating expenses | 3,779 | 2,754 |
| Income from operations | 941 | 399 |
| Interest income | 434 | 400 |
| Interest expense | (92) | (91) |
| Other expense, net | (535) | (119) |
| Income before income taxes | 748 | 589 |
| Provision for income taxes | 257 | 169 |
| Net income | 491 | 420 |
| Net income attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries | 14 | 11 |
| Net income attributable to common stockholders | $477 | $409 |
| Net income per share of common stock attributable to common stockholders | ||
| Basic | $0.15 | $0.13 |
| Diluted | $0.13 | $0.12 |
| Weighted average shares used in computing net income per share of common stock | ||
| Basic | 3,234 | 3,218 |
| Diluted | 3,538 | 3,521 |
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