What is the primary revenue source for Tesla (TSLA)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze TSLA's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Tesla's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Tesla Makes Money: TSLA Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

The largest revenue segment accounts for 70.08% of revenue, indicating concentration.

Operating margin declined by 0.52 percentage points year over year.

Revenue: USD 50.62B
Largest revenue segment share (Automotive Sales): 70.08%
Cost of revenue: USD 41.15B
Research and development: USD 4.32B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

RevenueTotal revenues · RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenueTotal cost of revenues · CostOfRevenue
Largest revenue segment share (Automotive Sales)Automotive Sales · segment_value / revenue * 100
Research and developmentResearch and development · ResearchAndDevelopmentExpense
Operating marginIncome from operations · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Property, plant and equipment: USD 47.26B
Cash and cash equivalents: USD 15.22B
Inventory: USD 13.75B
Total liabilities: USD 61.01B
Shareholder equity: USD 87.47B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Property, plant and equipmentProperty, plant and equipment, net · PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
Shareholder equitystockholders_equity + minority_interest
Total liabilitiesTotal liabilities · Liabilities
InventoryInventory · InventoryNet
Cash and cash equivalentsCash and cash equivalents · CashAndCashEquivalentsAtCarryingValue

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 542.68% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 1.59B
Operating cash flow: USD 8.63B
Cash conversion: 542.68%
Free cash flow: USD 352.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income attributable to common stockholders · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Neutral

There was no material cash return; earnings stayed in the business without significant dilution.

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?