Tesla (TSLA) Gross Margin (2010 - 2026)

Tesla (TSLA) posted Gross Margin of 16.83% for Q2 2026, down 20.19% sequentially from 21.08% in Q1 2026, and down 41.0% YoY from 28.52% in Q2 2025.

Analysis

Tesla (TSLA) Gross Margin (2010 - 2026) Analysis & Trends

Tesla has reported Gross Margin for 17 years, with the latest figure at 16.83% in Q2 2026.

Quarterly Gross Margin fell 41.0% year-over-year to 16.83% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 18.85% (up 137.0% YoY) and the FY2025 annual result came in at 18.03%, up 16.0% from the prior year.
Gross Margin eased to 16.83% in Q2 2026 per TSLA's latest filing, from 21.08% in the prior quarter.
Over five years, Gross Margin peaked at 29.11% in Q1 2022 and troughed at 16.26% in Q4 2024.
A 5-year average of 19.83% and a median of 18.09% in 2025 frame the typical range for Gross Margin.
The sharpest annual moves came in 2022 and 2023: Gross Margin surged 779 bps in 2022, then tumbled 977 bps in 2023.
Over 5 years, Gross Margin stood at 23.76% in 2022, then fell by 26 bps to 17.63% in 2023, then slipped by 8 bps to 16.26% in 2024, then gained by 24 bps to 20.12% in 2025, then fell by 16 bps to 16.83% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 16.83%, 21.08%, and 20.12% for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Tesla	1,151.92 Bn	1,108.39 Bn	4.75 Bn	16.83%
2	Toyota Motor	255.99 Bn	127.54 Bn	12.27 Bn	16.11%
3	Honda Motor	129.45 Bn	89.32 Bn	8.46 Bn	22.24%
4	Ford Motor	80.26 Bn	48.92 Bn	6.08 Bn	12.59%
5	General Motors	76.22 Bn	51.50 Bn	7.33 Bn	15.26%
6	Ferrari	73.68 Bn	71.93 Bn	1.18 Bn	52.59%
7	Rivian Automotive	20.68 Bn	15.37 Bn	179.00 Mn	10.80%
8	Stellantis	15.20 Bn	-26.25 Bn	5.55 Bn	10.98%
9	Li Auto	12.07 Bn	-504.83 Mn	417.98 Mn	11.05%
10	Xpeng	10.54 Bn	8.22 Bn	601.83 Mn	20.68%

Historic Data

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