TSLA
Tesla
Miss
Last quarter EPS $0.18 vs $0.43 consensus -57.1%
Sold more cars. Earned less on each one.
Q2 2026 · filed Jul 23, 2026
$354.08
-22.29 (-5.9%)
Tesla posted a record $28.24 billion of revenue, up 26%, beating a ~$26.4 billion estimate. Adjusted EPS of $0.33 missed ~$0.54 badly. Operating margin fell to 1.4%. Volume is not the same thing as profit.
Ticker Snapshot
Market cap
$1.40T
Shares × last price
EPS (TTM)
$1.09
Trailing twelve months
EBITDA
$3.37B
Average of last 4 Quarters.
Trailing P/E
325.4
Price / TTM EPS
Forward P/E
160.4
Price / next-year EPS
Price / book
16.1×
Price vs net assets on the books
Price / sales
13.5×
Market cap vs last 12 months of sales
Price / cash flow
74.8×
Market cap vs operating cash flow
EV / revenue
13.2×
Enterprise value vs sales — includes debt
52-week
$297.38 – $498.83
Range over the last year
From the latest filing
Last 4 quarters ended Jun 30, 2026. Same period on every tile. Arrows vs last quarter and as of last year.
Godel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffHow sales became profit
Average of Last 4 Quarters · Jul 1, 2025 through Jun 30, 2026
What they sold
$25.90B
Revenue. What customers paid.
Cost to make it
−$21.02B
Cost of goods. What it took to produce.
Left after product costs are paid
$4.88B
Gross profit. Sales minus product costs.
Running the company
−$3.79B
Overhead — R&D, selling, and admin.
Operating income
$1.09B
Left after running the business, before interest and tax.
Profit on the books
$951M
GAAP net income. Not cash — that's free cash flow.
Profit margin
3.7%
How much of sales became book profit.
Per $100 of sales
Same story, scaled to a hundred-dollar bill so the mix is obvious.
Sales
$100
Average of last 4 Quarters.
Cost to make it
$81
Average of last 4 Quarters.
Left after product costs are paid
$19
Average of last 4 Quarters.
On the books
$4
Average of last 4 Quarters.
Where the money came from
Segments tagged in the filing — the parts inside the total.
Automotive
+25% YoY
Record 480,126 deliveries, +25% year over year.
Energy + services
0% YoY
Growing, but the margin story is still the car business.
Brief me
A short teacher-voice walkthrough of the filing. On tap, not on load. Never a buy or sell.
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The source documents on EDGAR. Opens in a new tab.
- 10-QQuarterly reportThe numbered financials, MD&A, and risk-factor updates. Filed 2026-07-23.
- 8-KCurrent report (earnings 8-K)The exhibit filed the night of the print — Item 2.02 when it is earnings. Filed 2026-07-22.
- 4Insider tradesOfficers and directors report buys and sells within two business days. Filed 2026-06-17.
- 10-KAnnual reportFull-year audited statements and the business description. Filed 2026-01-29.