Tesla (TSLA) Gross Margin (2010 - 2026)
Tesla recorded quarterly Gross Margin of 21.08% in Q1 2026, up 4.81% quarter-over-quarter from 20.12% in Q4 2025, and up 478.0% year-over-year from 3.65% in Q1 2025.
Tesla's Gross Margin history runs 17 years deep, the most recent figure standing at 21.08% for Q1 2026.
- In Q1 2026, Gross Margin rose 478.0% year-over-year to 21.08%; the TTM figure through Mar 2026 stood at 19.07% (up 140.0% YoY), while the FY2025 annual figure was 18.03%, up 16.0% from the prior year.
- Gross Margin came in at 21.08% for Q1 2026 at Tesla, up from 20.12% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 29.11% in Q1 2022 to a low of 16.26% in Q4 2024.
- A 5-year average of 20.01% and a median of 18.19% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 779 bps in 2022 and slumped 977 bps in 2023, its largest moves.
- Tesla's Gross Margin stood at 23.76% in 2022, then declined by 26 bps to 17.63% in 2023, then decreased by 8 bps to 16.26% in 2024, then rose by 24 bps to 20.12% in 2025, then advanced by 5 bps to 21.08% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 21.08%, 20.12%, and 17.99% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,345.47 Bn | 1,300.79 Bn | 4.72 Bn | 21.08% |
| 2 | General Motors | 75.49 Bn | 53.10 Bn | 4.32 Bn | 10.98% |
| 3 | Ferrari | 72.44 Bn | 70.64 Bn | - | - |
| 4 | Ford Motor | 66.63 Bn | 36.17 Bn | 7.94 Bn | 18.36% |
| 5 | Stellantis | 29.57 Bn | -7.31 Bn | 5.19 Bn | 11.61% |
| 6 | Rivian Automotive | 21.06 Bn | 16.25 Bn | 119.00 Mn | 8.62% |
| 7 | China Yuchai International | 16.90 Bn | 15.88 Bn | 317.01 Mn | 18.91% |
| 8 | VinFast Auto | 8.12 Bn | 11.12 Bn | - | - |
| 9 | Xpeng | 4.61 Bn | 1.71 Bn | - | - |
| 10 | Li Auto | 4.13 Bn | -4.66 Bn | 733.67 Mn | 17.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.08% |
| Dec 31, 2025 | 20.12% |
| Sep 30, 2025 | 17.99% |
| Jun 30, 2025 | 17.24% |
| Mar 31, 2025 | 16.31% |
| Dec 31, 2024 | 16.26% |
| Sep 30, 2024 | 19.84% |
| Jun 30, 2024 | 17.95% |
| Mar 31, 2024 | 17.35% |
| Dec 31, 2023 | 17.63% |
| Sep 30, 2023 | 17.89% |
| Jun 30, 2023 | 18.19% |
| Mar 31, 2023 | 19.34% |
| Dec 31, 2022 | 23.76% |
| Sep 30, 2022 | 25.09% |
| Jun 30, 2022 | 25.00% |
| Mar 31, 2022 | 29.11% |
| Dec 31, 2021 | 27.35% |
| Sep 30, 2021 | 26.60% |
| Jun 30, 2021 | 24.12% |
| Mar 31, 2021 | 21.32% |
| Dec 31, 2020 | 19.23% |
| Sep 30, 2020 | 23.52% |
| Jun 30, 2020 | 20.99% |
| Mar 31, 2020 | 20.62% |
| Dec 31, 2019 | 18.84% |
| Sep 30, 2019 | 18.90% |
| Jun 30, 2019 | 14.50% |
| Mar 31, 2019 | 12.46% |
| Dec 31, 2018 | 19.97% |
| Sep 30, 2018 | 22.33% |
| Jun 30, 2018 | 15.47% |
| Mar 31, 2018 | 13.38% |
| Dec 31, 2017 | 13.34% |
| Sep 30, 2017 | 15.05% |
| Jun 30, 2017 | 33.10% |
| Mar 31, 2017 | 32.82% |
| Dec 31, 2016 | 517.57% |
| Sep 30, 2016 | 27.70% |
| Jun 30, 2016 | 21.64% |
| Mar 31, 2016 | 22.01% |
| Dec 31, 2015 | 18.00% |
| Sep 30, 2015 | 24.71% |
| Jun 30, 2015 | 22.34% |
| Mar 31, 2015 | 27.67% |
| Dec 31, 2014 | 27.36% |
| Sep 30, 2014 | 29.57% |
| Jun 30, 2014 | 27.69% |
| Mar 31, 2014 | 25.00% |
| Dec 31, 2013 | 25.45% |
| Sep 30, 2013 | 23.85% |
| Jun 30, 2013 | 24.80% |
| Mar 31, 2013 | 17.15% |
| Dec 31, 2012 | 7.79% |
| Sep 30, 2012 | -17.49% |
| Jun 30, 2012 | 17.87% |
| Mar 31, 2012 | 33.84% |
| Dec 31, 2011 | 19.90% |
| Sep 30, 2011 | 29.87% |
| Jun 30, 2011 | 31.82% |
| Mar 31, 2011 | 36.77% |
| Dec 31, 2010 | 31.20% |
| Sep 30, 2010 | 29.76% |
| Jun 30, 2010 | 22.04% |