Tesla Statistics 2026: Revenue, Deliveries, Energy, and AI

Tesla closed fiscal 2025 with $94.83 billion in revenue and $3.79 billion in net income, its first consecutive-year delivery decline since the Model 3 ramp, while energy storage hit a record 46.7 GWh deployed in 2025, up 49% year-over-year. Q1 2026 then flipped the script: revenue rose 16% to $22.39 billion with gross margin jumping 478 basis points to 21.1%, framing a Tesla that now earns its multiple from AI optionality and storage rather than from raw delivery growth.

Key Takeaways

• Tesla delivered 1,636,129 vehicles in FY 2025, down approximately 8.6% from 1.79 million in 2024, marking a second consecutive annual decline.
• FY 2025 total revenue landed at $94.83 billion, down approximately 3% year-over-year from $97.69 billion, with net income at $3.79 billion.
• Energy storage deployments reached 46.7 GWh in 2025 (up 49% YoY), with Q4 alone delivering a record 14.2 GWh.
• Q1 2026 earnings posted revenue of $22.39 billion (up 16% YoY) and operating income of $940 million, up 90.9% from over $490 million a year earlier.
• The Supercharger network closed Q1 2026 with 80,018 stalls at 8,502 sites globally and 53 million sessions for the quarter (up 26% YoY).
• Tesla ended 2025 with $44.06 billion in cash and investments and $14.75 billion in operating cash flow.
• TSLA traded at approximately $418 per share in mid-May 2026 on 3.755 billion shares outstanding, putting the market cap near $1.31 trillion.

Editor’s Choice

• Total automotive revenue for FY 2025 was $69.53 billion, down approximately 10% YoY from $77.07 billion.
• Energy generation and storage segment revenue rose to $12.77 billion in 2025, up 27% from $10.09 billion, with segment gross margin at 29.8%.
• Capital expenditures fell to $8.53 billion in 2025 from $11.34 billion in 2024 as Tesla normalized post-Gigafactory ramp spend.
• Q1 2026 Model 3/Y volume hit 394,611 units produced and 341,893 delivered, with 16,130 Other Models delivered.
• Automotive gross margin excluding regulatory credits rose to 19.2% in Q1 2026, higher than in any quarter of 2025.
• Tesla’s 2026 Megapack 3 facility near Houston is designed for 50 GWh annual production capacity on top of an existing 80 GWh combined footprint in California and China.

Recent Developments

• April 22, 2026: Tesla reported Q1 2026 revenue of $22.39 billion and adjusted earnings per share of 41 cents versus 37 cents expected.
• April 2, 2026: Tesla disclosed Q1 2026 production of over 408,000 vehicles and deliveries of over 358,000 vehicles, down 14% quarter-over-quarter.
• January 29, 2026: Tesla filed its FY 2025 10-K showing net income of $3.79 billion on $94.83 billion in revenue.
• January 2, 2026: Tesla announced Q4 2025 production of over 434,000 vehicles, deliveries of over 418,000, and energy storage deployments of 14.2 GWh.
• January 2026: Tesla disclosed plans for a 50 GWh-capacity Megapack 3 plant near Houston to ramp on top of existing California and Shanghai output.

Tesla Production and Delivery Statistics

Tesla’s two-year delivery slide reflects market saturation in mature EV geographies and intensifying Chinese competition, even as production has caught back up to its prior pace. The fleet skews almost entirely to the Model 3/Y platform.

*Source: Tesla annual 10-K (SEC) and Form 8-K exhibit on production and deliveries.*

• Tesla produced 1,654,667 vehicles in 2025 and delivered 1,636,129, a production surplus of approximately 18,538 units.
• The Model 3/Y platform accounted for 1,585,279 of the 1,636,129 full-year 2025 deliveries, roughly 97% of total volume.
• Q1 2026 deliveries fell 14% from the prior quarter but showed 6% growth from a year ago, when Tesla reported 336,681 deliveries.
• Q4 2025 alone produced 434,385 vehicles and delivered 418,277, the strongest quarter of the calendar year.
• Other Models (Model S, Model X, and Cybertruck) delivered only 50,850 units for the full year, roughly 3% of total volume.
• Tesla’s Cybertruck, Model S, and Model X remain limited-volume halo products inside the five-vehicle consumer lineup (Model 3, Y, S, X, and Cybertruck).
• Cumulative deliveries since the Roadster launched are well above the eight-million-vehicle mark across model history, supporting a meaningful aftermarket and software-attach opportunity that Tesla flags inside its Robotaxi roadmap.
• Cybertruck and the wider Tesla product family sit inside the same consumer-tech attention pool tracked across Apple customer loyalty and retention data, where brand affinity drives a measurable share of repeat purchases.

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How many cars did Tesla deliver?

Tesla delivered 1,636,129 vehicles in 2025, down 8.6% from 1.79 million in 2024; the full-year mix was 1,585,279 Model 3/Y units and 50,850 Other Models (Model S, Model X, and Cybertruck), and Q4 alone hit 418,277 deliveries, the strongest quarter of the calendar year.

Tesla Market Cap and TSLA Stock Statistics

TSLA’s valuation continues to decouple from auto fundamentals.

*Source: Stock Analysis TSLA market cap page; Tesla 10-K.*

• Tesla’s market cap closed at $1,309.41 billion on May 15, 2026, with TSLA trading in a $417.88 to $435.95 range on May 16.
• Shares outstanding were 3,752,431,984 as of January 23, 2026, per Tesla’s 10-K filing.
• The price-to-sales ratio works out to approximately 13.8x trailing 2025 revenue; including projected Q1 2026 growth lifts the implied multiple closer to 16x on a forward basis.
• Tesla ended 2025 with $44.06 billion in cash and investments, up $7.50 billion from the end of 2024.
• Operating cash flow for FY 2025 was $14.75 billion, down only $176 million from $14.92 billion in 2024 despite the net income drop.
• The cash-flow resilience is the most important data point for valuation defenders: non-cash depreciation and AI-related capex absorbed most of the GAAP earnings hit.

What is Tesla’s market cap?

Tesla’s market capitalization sat near $1.31 trillion as of May 15, 2026, with TSLA shares trading around $418 and 3.755 billion shares outstanding. The valuation places Tesla among the world’s most valuable companies despite a year-over-year decline in automotive deliveries.

Tesla Revenue and Profit Statistics

The full-year income statement tells a two-segment story: automotive shrank while energy and services expanded.

• Total revenue fell approximately 3% to $94.83 billion in 2025 from $97.69 billion in 2024.
• Automotive sales revenue dropped approximately 10% to $65.82 billion from prior-year levels, the steepest segment decline.
• Energy generation and storage revenue grew 27% to $12.77 billion from $10.09 billion, the fastest-growing segment.
• Total gross profit landed at $17.09 billion with a total gross margin of 18.0%, roughly flat against 2024’s 17.9%.
• Energy segment gross margin hit 29.8% in 2025, up from 26.2% in 2024 and 18.9% in 2023, reflecting Megapack’s manufacturing scale.
• Net income attributable to common stockholders was $3.79 billion in 2025, down from $7.09 billion in 2024, a roughly 46.5% year-over-year decline.
• Diluted EPS came in at $1.08 for FY 2025, down from $2.04 in 2024 and $4.30 in 2023.
• Q1 2026 revenue rose 16% YoY to $22.39 billion from $19.3 billion despite missing the $22.64 billion analyst consensus.
• Q1 2026 gross margin jumped to 21.1%, up 478 basis points year-over-year from 16.3% in Q1 2025.
• Average selling price across the lineup has trended downward as Model 3/Y volume rose and Cybertruck remained a low-share halo product. The implied automotive sales ASP works out to roughly $40,230 per vehicle on a sales-revenue basis, before adding leasing and credits.
• The latest print confirms margin recovery is now Tesla’s near-term swing factor; with deliveries still in retreat, every basis-point swing in gross margin moves operating income materially at current volume.

Why it matters: Gross-margin recovery to 21.1% in Q1 2026 from a year-earlier 16.3% coincides with operating income of $940 million, up 90.9% year-over-year; that is the clearest evidence yet that Tesla’s cost program is now offsetting the auto-volume decline at the bottom line.

Tesla Energy Storage and Megapack Statistics

Energy is Tesla’s structural growth engine. The segment now contributes a disproportionate share of gross profit relative to its revenue share, and the new capacity additions extend that lead.

• Tesla deployed 46.7 GWh of energy storage products in 2025, up 49% year-over-year, a record annual figure.
• Q4 2025 set a single-quarter record of 14.2 GWh deployed, up 29% from the same quarter in 2024.
• Q1 2026 storage deployments came in at 8.8 GWh, a step-down from the Q4 2025 record.
• The new Megapack 3 plant near Houston is designed for up to 50 GWh of annual production capacity on top of Tesla’s existing footprint.
• Tesla already operates 80 GWh of combined Megapack production capacity at factories in California and China.
• Energy segment gross margin reached 29.8% in 2025, up from 18.9% in 2023, a 10.9-percentage-point swing in two years.
• Megapack deployments now anchor Tesla’s energy generation and storage segment, the company’s fastest-growing reported segment in 2025.
• Energy gross profit dollars now approach a quarter of Tesla’s total gross profit, even though the segment delivers only a fraction of revenue, and the new plant ramp keeps the margin advantage durable.

By the numbers: Tesla’s energy segment delivered $12.77 billion in revenue at a 29.8% gross margin in 2025, roughly 1.7x the 18.0% company-wide blended gross margin, explaining why analysts now treat Megapack volume as the core operating-leverage variable for the next two years.

Tesla Supercharger Network Statistics

Supercharging is the quietest network effect in Tesla’s portfolio. The expanded stall footprint is a structural moat for both Tesla owners and the growing non-Tesla cohort that uses NACS-compatible vehicles.

• Tesla closed Q1 2026 with 80,018 Supercharging stalls installed at 8,502 sites globally, averaging 9.4 stalls per station.
• The network grew 19% year-over-year on stations (8,463) and connectors (79,918) in Q1 2026.
• Net connector additions hit 2,236 in Q1 2026, up 26% year-over-year.
• Supercharging sessions totaled 53 million in Q1 2026, up 26% year-over-year.
• Approximately about 70% of stalls (56,006) and 60.3% of sites (5,125) are now available to non-Tesla EVs.
• The implied Q1 2026 utilization works out to roughly 662 sessions per stall over the quarter, or about 7-8 sessions per stall per day.
• The non-Tesla access program monetizes off-peak capacity without cannibalizing peak-hour demand, and every additional NACS-compatible OEM widens the addressable session base.

Tesla Sales Performance Across Europe

European registrations have been Tesla’s weakest geography, with Germany leading the decline and the United Kingdom as the lone bright spot.

• Tesla registrations fell sharply across most European markets, highlighting a broad regional slowdown in early 2025.
• Germany recorded the steepest decline at –62.2%, marking Tesla’s largest year-on-year drop among major EU economies.
• Sweden and Denmark both saw registrations plunge by –55.3%, indicating weakened demand in traditionally strong EV markets.
• The Netherlands experienced a –49.7% decline, continuing its downward trend from late 2024.
• France posted a significant –41.1% drop, reflecting intensifying competition and subsidy shifts.
• Portugal’s sales fell by –25.7%, showing moderate but notable contraction compared with northern Europe.
• Norway declined by –12.5%, a relatively smaller drop in one of the world’s most EV-friendly markets.
• Spain and Italy reported milder declines of –11.8% and –6.8%, respectively, suggesting comparatively resilient demand.
• The United Kingdom stood out as the only growth market, with Tesla registrations rising by +3.5% year on year.
• Overall, the data shows widespread pressure on Tesla’s European sales, with only one market delivering positive growth in Q1 2025.

Tesla Production Capacity and Gigafactory Statistics

Capacity is set to expand again after a year of moderation. The annual 10-K confirms a fresh wave of production lines and a major AI compute buildout at Gigafactory Texas.

• Tesla operates a five-vehicle consumer lineup (Model 3, Model Y, Model S, Model X, and Cybertruck) across its global manufacturing footprint.
• In 2026, Tesla will be ramping up six new production lines across vehicles, Bots, energy storage, and battery manufacturing per its 2025 10-K.
• Tesla is currently building Cortex 2 at Gigafactory Texas to further increase our AI training compute capacity.
• Capital expenditures for 2025 totaled $8.53 billion, down from $11.34 billion in 2024 as the Berlin and Shanghai ramps matured.
• Tesla’s Megapack capacity now spans California and China factories, plus a new Houston-area plant designed for 50 GWh annually.
• The total Megapack annual production capacity reaches 130 GWh once Houston fully ramps, layering the new 50 GWh Megapack 3 line on top of the existing 80 GWh California-plus-China footprint, enough to support roughly three times Tesla’s 2025 deployment rate.
• The decision to cut capex while still committing to Cortex 2 and six new production lines reflects a discipline shift: Tesla is reusing existing vehicle-plant footprints instead of greenfield expansion, while concentrating new spend on AI compute and energy.

What is Tesla’s production capacity?

Tesla’s 2026 capacity ramp covers six new production lines across vehicle, Bots, energy storage, and battery manufacturing, layered on top of existing Gigafactory Texas, Berlin, and Shanghai output. Megapack capacity reaches a combined 130 GWh annually once the new Houston-area plant joins the existing 80 GWh footprint in California and China.

Tesla Robotaxi, Cybercab, and AI Statistics

The Robotaxi service has been Tesla’s most-watched launch, with the autonomous Cybercab platform still ahead. FSD subscribers and Optimus production targets anchor the AI roadmap inside the broader AI and the race for embodied intelligence.

• Tesla’s Robotaxi service operates with Model Y vehicles today and will include Cybercab, a purpose-built autonomous vehicle, over time.
• The company sits behind a service business that disclosed approximately 1.28 million Full Self-Driving (FSD) subscribers as of Q1 2026 (including everyone who purchased the FSD package, not subscribers only).
• Tesla’s 2025 CEO Performance Award sets operational targets of 20 million Tesla vehicles delivered, 10 million active FSD subscriptions, 1 million Bots delivered, and 1 million Robotaxis in commercial operation (forward-looking award tranches, not current achievements). The Robotaxi target sits roughly in line with today’s FSD package base, signaling the scale Tesla expects from a paid autonomous-rides business.
• Tesla’s AI ambitions extend to commercializing AI robots (the Optimus program), with the 2025 10-K confirming Bots as one of the production lines Tesla is ramping in 2026; the autonomy roadmap echoes the broader trajectory tracked in AI agent autonomy statistics across the industry.
• Cortex 2 at Gigafactory Texas extends Tesla’s AI training compute capacity beyond the current Cortex deployment used for FSD model iteration.
• The CEO Performance Award’s top Adjusted EBITDA milestone implies a multi-fold earnings expansion from current run-rate operating income; that math only closes if Robotaxi and Bots commercialize at scale.

Tesla Competitive Landscape and EV Industry Trends

The EV demand curve has slowed in mature markets while Chinese OEMs press into Europe with cheaper alternatives. Tesla’s response: focus on margin, scale energy storage, and lean on FSD/Robotaxi differentiation rather than chase volume.

• Global EV market growth decelerated through 2025, even as Tesla’s segment share remained meaningful in North America, where Model Y was the best-selling vehicle by units in multiple quarters. Mainstream U.S. tech adoption patterns visible in iPhone usage and unit-sales statistics show a similar Apple-style brand consolidation playing out at the high-volume end of consumer hardware.
• BYD overtook Tesla on global BEV volume in 2024 and held that lead through 2025, narrowing Tesla’s previously dominant share.
• Chinese OEMs (BYD, NIO, XPeng, Li Auto, Zeekr) have intensified European market entry with sub-€30,000 BEV pricing, partly explaining the -62.2% German registration drop.
• Tariff regimes have raised input costs and tightened margin space for affected models, with cost-per-vehicle figures circulating in 2025 trade coverage.
• Tesla’s approximately 13.5% revenue share from energy storage differentiates it from pure-play EV peers; competitors with limited storage businesses face a narrower margin pool.
• The Supercharger network’s 80,018 stalls and NACS adoption by Ford, GM, Rivian, Hyundai, and Stellantis cement Tesla’s charging-platform position; the AI compute buildout for FSD slots Tesla alongside other Nvidia workforce and accelerator-buyer benchmarks in the AI-hardware buyer cohort.
• The bull thesis hinges less on out-shipping BYD and more on whether Robotaxi pricing and FSD attach rates can pull software margin into the P&L before the auto business stabilizes.

Common Questions

How much does Tesla spend on research and development?

Tesla’s 2025 income statement shows research and development expense embedded in its operating costs, and total operating expenses reached $12.74 billion in 2025, up from $10.37 billion in 2024. The increase tracks Tesla’s AI infrastructure and FSD compute investments, including the Cortex 2 buildout at Gigafactory Texas. The exact R&D line item is broken out inside the 10-K’s operating expense detail.

How many Tesla vehicles are on the road globally?

Tesla does not publish an active fleet figure directly. Cumulative deliveries since the Roadster’s launch now exceed roughly eight million units when summed across reported quarterly disclosures. Q1 2026 alone added over 358,000 new vehicles to the installed base. The active fleet is somewhat smaller after accidents and retirements; the directional answer is comfortably above seven million vehicles globally.

Conclusion

Tesla’s 2025 numbers tell a transition story: $94.83 billion in revenue, 1,636,129 vehicles delivered (down 8.6% YoY), and $3.79 billion in net income mark the end of the pure-growth phase. The first-quarter inflection, gross margin recovery toward the low-twenties range, operating income nearly doubling, and energy storage running at a record annual pace, show where the next leg of the story actually lives.

Watch three numbers through the year: Megapack ramp at the new Houston plant, FSD subscriber growth toward the CEO Performance Award milestone, and automotive gross margin holding the recovered level set in the latest quarter. If all three lines hold, the trillion-dollar market cap looks defensible; if any one breaks, the multiple compresses fast.