Tesla (TSLA) Gross Margin (2010 - 2026)
Tesla (TSLA) posted Gross Margin of 21.08% for Q1 2026, up 4.81% sequentially from 20.12% in Q4 2025, and up 478.0% YoY from 3.65% in Q1 2025.
Tesla (TSLA) Gross Margin (2010 - 2026) Analysis & Trends
Tesla (TSLA) has 17 years of Gross Margin data on file, last reported at 21.08% in Q1 2026.
- Quarterly Gross Margin rose 478.0% year-over-year to 21.08% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 19.07% (up 140.0% YoY) and the FY2025 annual result came in at 18.03%, up 16.0% from the prior year.
- Gross Margin rose to 21.08% in Q1 2026 per TSLA's latest filing, from 20.12% in the prior quarter.
- The five-year high for Gross Margin was 29.11% in Q1 2022, with the low at 16.26% in Q4 2024.
- Average Gross Margin over 5 years is 20.01%, with a median of 18.19% recorded in 2023.
- Year-over-year, Gross Margin jumped 779 bps in 2022 and sank 977 bps in 2023.
- Tesla's Gross Margin stood at 23.76% in 2022, then retreated by 26 bps to 17.63% in 2023, then dropped by 8 bps to 16.26% in 2024, then advanced by 24 bps to 20.12% in 2025, then grew by 5 bps to 21.08% in 2026.
- Business Quant data shows TSLA's Gross Margin at 21.08% in Q1 2026, 20.12% in Q4 2025, and 17.99% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 21.08% |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | 18.36% |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | 10.98% |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | 20.58% |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | 8.62% |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | 7.87% |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | 19.03% |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | -73.58% |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | -110.35% |
| 10 | China Yuchai International | 1.74 Bn | 678.93 Mn | 317.01 Mn | 18.91% |
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% |