Financials Tesla, Inc.

Equities

TSLA

US88160R1014

Auto & Truck Manufacturers

Market Closed - Nasdaq Other stock markets 01:30:00 11/07/2025 am IST			After hours 05:29:58 am
309.87 ^USD	+4.73%		311.48	+0.52%

09:58am	Tesla to open first India store on July 15 in Mumbai	RE
09:31am	Panasonic Delaying Full Production at Kansas EV Battery Plant, Nikkei Reports	DJ

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	96,183	1,16,005	1,39,402
Change	-	70.67%	51.35%	18.8%	0.95%	-1.54%	20.61%	20.17%
EBITDA ¹	6,050	11,555	19,186	16,631	16,645	13,828	19,040	25,011
Change	-	90.99%	66.04%	-13.32%	0.08%	-16.93%	37.7%	31.36%
EBIT ¹	1,994	6,523	13,656	8,891	7,076	5,842	10,417	54,403
Change	-	227.13%	109.35%	-34.89%	-20.41%	-17.44%	78.32%	422.25%
Interest Paid ¹	-718	-315	-191	-156	-350	-363.7	-368.4	-422.6
Earnings before Tax (EBT) ¹	1,154	6,343	13,719	9,973	8,990	6,830	11,512	15,325
Change	-	449.65%	116.29%	-27.31%	-9.86%	-24.03%	68.55%	33.12%
Net income ¹	721	5,519	12,556	14,997	7,091	5,565	9,347	12,579
Change	-	665.46%	127.5%	19.44%	-52.72%	-21.52%	67.96%	34.58%
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 Q2	2020 Q3	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
Net sales ¹	6,036	8,771	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	22,451	24,619	26,846	24,109	26,418	29,081	31,228
Change	-	45.31%	22.49%	-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%	16.12%	9.66%	9.05%	-10.2%	9.58%	10.08%	7.38%
EBITDA ¹	1,241	1,936	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	3,406	3,796	4,366	3,922	4,241	4,532	4,900
Change	-	56%	-5.68%	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%	21.02%	11.47%	15.01%	-10.17%	8.13%	6.86%	8.12%
EBIT ¹	327	809	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	1,195	1,654	2,140	1,798	2,354	2,870	3,436
Change	-	147.4%	-28.92%	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%	199.4%	38.42%	29.39%	-15.94%	30.9%	21.93%	19.7%
Charge d'intérêts ¹	-162	-157	-240	-99	-75	-116	-46	-61	-44	-53	-33	-29	-28	-38	-61	-76	-86	-92	-96	-91	-88.71	-90.17	-90.17	-82.67	-82.67	-82.67	-82.67
Earnings before Tax (EBT) ¹	150	555	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	1,437	1,821	2,416	2,333	2,583	3,007	3,538
Change	-	270%	-31.71%	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%	143.92%	26.74%	32.69%	-3.44%	10.7%	16.43%	17.65%
Net income ¹	104	300	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	1,116	1,533	2,001	1,875	2,050	2,431	2,867
Change	-	188.46%	-10%	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%	172.95%	37.35%	30.47%	-6.28%	9.32%	18.58%	17.95%
Announcement Date	22/07/20	21/10/20	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	-	-	-	-	-	-	-

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	-24,795	-28,525	-35,701
Change	-	-39.58%	-77.68%	-25.03%	-18.8%	12.54%	-15.04%	-25.16%
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	10,424	11,617	12,801
Change	-	105.32%	10.43%	24.31%	27.43%	-8.07%	11.44%	10.2%
Free Cash Flow (FCF) ¹	2,786	5,015	7,566	4,358	3,584	4,782	28,307	43,568
Change	-	80.01%	50.87%	-42.4%	-17.76%	33.42%	491.96%	53.91%
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%	14.38%	16.41%	10.3%
EBIT Margin (%)	6.32%	12.12%	16.76%	9.19%	7.24%	6.07%	8.98%	22.41%
EBT Margin (%)	3.66%	11.78%	16.84%	10.31%	9.2%	7.1%	9.92%	6.31%
Net margin (%)	2.29%	10.25%	15.41%	15.5%	7.26%	5.79%	8.06%	5.18%
FCF margin (%)	8.83%	9.32%	9.29%	4.5%	3.67%	4.97%	24.4%	17.94%
FCF / Net Income (%)	386.41%	90.87%	60.26%	29.06%	50.54%	85.92%	302.84%	346.34%
Profitability
ROA	5.61%	13.37%	17.38%	11.52%	7.36%	4.88%	5.99%	7.2%
ROE	16.81%	21.06%	33.53%	20.28%	12.42%	7.97%	9.96%	11.29%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	10.01%	12.04%	8.79%	9.19%	11.61%	10.84%	10.01%	9.18%
CAPEX / EBITDA (%)	52.18%	56.1%	37.31%	53.5%	68.12%	75.39%	61.01%	51.18%
CAPEX / FCF (%)	113.32%	129.25%	94.61%	204.18%	316.38%	218%	41.04%	29.38%
Items per share
Cash flow per share ¹	1.829	3.394	4.237	3.804	4.266	3.642	4.314	4.966
Change	-	85.57%	24.83%	-10.23%	12.16%	-14.63%	18.44%	15.11%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	7.717	9.742	12.88	17.97	20.84	24.46	26.62	30.18
Change	-	26.23%	32.21%	39.55%	15.98%	17.36%	8.81%	13.39%
EPS ¹	0.2133	1.633	3.62	4.3	2.04	1.538	2.581	3.405
Change	-	665.64%	121.63%	18.78%	-52.56%	-24.62%	67.85%	31.92%
Nbr of stocks (in thousands)	28,43,702	30,19,258	31,57,752	31,78,921	32,10,060	32,20,956	32,20,956	32,20,956
Announcement Date	27/01/21	26/01/22	25/01/23	24/01/24	29/01/25	-	-	-