Financials Tesla, Inc.

Equities

TSLA

US88160R1014

Auto & Truck Manufacturers

Real-time Estimate Cboe BZX Other stock markets 01:32:09 09/12/2025 am IST			5-day change	1st Jan Change
437.78 ^USD	-3.78%		+1.79%	+8.42%

12:32am	Equity Markets Fall Intraday as Netflix, Tesla Weigh	MT
12:07am	Sector Update: Consumer Stocks Fall Monday Afternoon	MT

Projected Income Statement: Tesla, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	31,536	53,823	81,462	96,773	97,690	94,901	1,08,938	1,29,512
Change	-	70.67%	51.35%	18.8%	0.95%	-2.86%	14.79%	18.89%
EBITDA ¹	6,050	11,555	19,186	16,631	16,645	13,189	15,721	21,431
Change	-	90.99%	66.04%	-13.32%	0.08%	-20.77%	19.2%	36.32%
EBIT ¹	1,994	6,523	13,656	8,891	7,076	4,602	7,518	11,686
Change	-	227.13%	109.35%	-34.89%	-20.41%	-34.96%	63.37%	55.43%
Interest Paid ¹	-718	-315	-191	-156	-350	-339.3	-344.8	-362.2
Earnings before Tax (EBT) ¹	1,154	6,343	13,719	9,973	8,990	5,947	8,316	12,343
Change	-	449.65%	116.29%	-27.31%	-9.86%	-33.85%	39.84%	48.42%
Net income ¹	721	5,519	12,556	14,997	7,091	4,430	6,770	10,410
Change	-	665.46%	127.5%	19.44%	-52.72%	-37.53%	52.82%	53.77%
Announcement Date	27/01/21	26/01/22	25/01/23	24/01/24	29/01/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	10,744	10,389	11,958	13,757	17,719	18,756	16,934	21,454	24,318	23,329	24,927	23,350	25,167	21,301	25,500	25,182	25,707	19,335	22,496	28,095	25,226	23,644	25,345	28,617	29,972	31,956	34,014	35,882
Change	-	-3.3%	15.1%	15.04%	28.8%	5.85%	-9.71%	26.69%	13.35%	-4.07%	6.85%	-6.33%	7.78%	-15.36%	19.71%	-1.25%	2.08%	-24.79%	16.35%	24.89%	-10.21%	-6.27%	7.19%	12.91%	4.73%	6.62%	6.44%	5.49%
EBITDA ¹	1,826	1,829	2,467	3,240	4,019	5,023	3,791	4,968	5,404	4,267	4,653	3,758	3,953	3,384	3,674	4,665	4,922	2,814	3,401	4,227	3,772	3,477	3,833	4,459	4,559	-	-	-
Change	-	0.16%	34.88%	31.33%	24.04%	24.98%	-24.53%	31.05%	8.78%	-21.04%	9.05%	-19.23%	5.19%	-14.39%	8.57%	26.97%	5.51%	-42.83%	20.86%	24.29%	-10.77%	-7.8%	10.23%	16.32%	2.24%	-	-	-
EBIT ¹	575	594	1,312	2,004	2,613	3,603	2,464	3,688	3,901	2,664	2,399	1,764	2,064	1,171	1,605	2,717	1,583	399	923	1,624	1,299	1,317	1,585	2,162	2,454	-	-	-
Change	-	3.3%	120.88%	52.74%	30.39%	37.89%	-31.61%	49.68%	5.78%	-31.71%	-9.95%	-26.47%	17.01%	-43.27%	37.06%	69.28%	-41.74%	-74.79%	131.33%	75.95%	-20.02%	1.37%	20.39%	36.42%	13.48%	-	-	-
Charge d'intérêts ¹	-240	-99	-75	-116	-46	-61	-44	-53	-33	-29	-28	-38	-61	-76	-86	-92	-96	-91	-86	-76	-78.3	-78.33	-78.33	-78.33	-75.67	-	-	-
Earnings before Tax (EBT) ¹	379	533	1,293	1,882	2,635	3,626	2,474	3,636	3,983	2,800	2,937	2,045	2,191	1,553	1,887	2,784	2,766	589	1,549	1,959	1,704	1,695	1,837	2,279	2,592	-	-	-
Change	-	40.63%	142.59%	45.55%	40.01%	37.61%	-31.77%	46.97%	9.54%	-29.7%	4.89%	-30.37%	7.14%	-29.12%	21.51%	47.54%	-0.65%	-78.71%	162.99%	26.47%	-12.99%	-0.54%	8.33%	24.11%	13.7%	-	-	-
Net income ¹	270	438	1,142	1,618	2,321	3,318	2,259	3,292	3,687	2,513	2,703	1,853	7,928	1,129	1,478	2,167	2,317	409	1,172	1,373	1,248	1,282	1,415	1,854	2,060	-	-	-
Change	-	62.22%	160.73%	41.68%	43.45%	42.96%	-31.92%	45.73%	12%	-31.84%	7.56%	-31.45%	327.85%	-85.76%	30.91%	46.62%	6.92%	-82.35%	186.55%	17.15%	-9.14%	2.73%	10.4%	31.03%	11.11%	-	-	-
Announcement Date	27/01/21	26/04/21	26/07/21	20/10/21	26/01/22	20/04/22	20/07/22	19/10/22	25/01/23	19/04/23	19/07/23	18/10/23	24/01/24	23/04/24	24/07/24	23/10/24	29/01/25	22/04/25	23/07/25	22/10/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Tesla, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-7,696	-10,742	-19,086	-23,864	-28,350	-33,368	-34,241	-39,082
Change	-	-39.58%	-77.68%	-25.03%	-18.8%	-17.7%	-2.62%	-14.14%
Announcement Date	27/01/21	26/01/22	25/01/23	24/01/24	29/01/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Tesla, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	3,157	6,482	7,158	8,898	11,339	9,255	11,345	12,329
Change	-	105.32%	10.43%	24.31%	27.43%	-18.38%	22.58%	8.67%
Free Cash Flow (FCF) ¹	2,786	5,015	7,566	4,358	3,584	4,928	4,303	6,414
Change	-	80.01%	50.87%	-42.4%	-17.76%	37.5%	-12.68%	49.04%
Announcement Date	27/01/21	26/01/22	25/01/23	24/01/24	29/01/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Tesla, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	19.18%	21.47%	23.55%	17.19%	17.04%	13.9%	14.43%	16.55%
EBIT Margin (%)	6.32%	12.12%	16.76%	9.19%	7.24%	4.85%	6.9%	9.02%
EBT Margin (%)	3.66%	11.78%	16.84%	10.31%	9.2%	6.27%	7.63%	9.53%
Net margin (%)	2.29%	10.25%	15.41%	15.5%	7.26%	4.67%	6.21%	8.04%
FCF margin (%)	8.83%	9.32%	9.29%	4.5%	3.67%	5.19%	3.95%	4.95%
FCF / Net Income (%)	386.41%	90.87%	60.26%	29.06%	50.54%	111.25%	63.57%	61.61%
Profitability
ROA	5.61%	13.37%	17.38%	11.52%	7.36%	3.82%	4.52%	5.9%
ROE	16.81%	21.06%	33.53%	20.28%	12.42%	6.25%	7.27%	9.01%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	10.01%	12.04%	8.79%	9.19%	11.61%	9.75%	10.41%	9.52%
CAPEX / EBITDA (%)	52.18%	56.1%	37.31%	53.5%	68.12%	70.18%	72.17%	57.53%
CAPEX / FCF (%)	113.32%	129.25%	94.61%	204.18%	316.38%	187.81%	263.64%	192.22%
Items per share
Cash flow per share ¹	1.829	3.394	4.237	3.804	4.266	3.964	4.06	4.71
Change	-	85.57%	24.83%	-10.23%	12.16%	-7.09%	2.43%	16%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	7.717	9.742	12.88	17.97	20.84	23.83	26.04	28.94
Change	-	26.23%	32.21%	39.55%	15.98%	14.31%	9.31%	11.14%
EPS ¹	0.2133	1.633	3.62	4.3	2.04	1.282	1.939	2.826
Change	-	665.64%	121.63%	18.78%	-52.56%	-37.15%	51.22%	45.75%
Nbr of stocks (in thousands)	28,43,702	30,19,258	31,57,752	31,78,921	32,10,060	33,25,819	33,25,819	33,25,819
Announcement Date	27/01/21	26/01/22	25/01/23	24/01/24	29/01/25	-	-	-