Tesla (TSLA) Gross Margin (2010 - 2026)
Tesla's (TSLA) quarterly Gross Margin came in at 16.83% in Q2 2026, down 41.0% year-over-year from 28.52% in Q2 2025, and down 20.19% quarter-over-quarter from 21.08% in Q1 2026.
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Analysis
Tesla (TSLA) Gross Margin (2010 - 2026) Analysis & Trends
Tesla has disclosed Gross Margin across 17 years of filings, most recently posting 16.83% for Q2 2026.
- In Q2 2026, Gross Margin fell 41.0% year-over-year to 16.83%; the TTM figure through Jun 2026 stood at 18.85% (up 137.0% YoY), while the FY2025 annual figure was 18.03%, up 16.0% from the prior year.
- Gross Margin came in at 16.83% for Q2 2026 at Tesla, down from 21.08% 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.
- Average Gross Margin over 5 years is 19.83%, with a median of 18.09% recorded in 2025.
- Year-over-year, Gross Margin jumped 779 bps in 2022 and slumped 977 bps in 2023.
- Over 5 years, Gross Margin stood at 23.76% in 2022, then dropped by 26 bps to 17.63% in 2023, then retreated by 8 bps to 16.26% in 2024, then increased by 24 bps to 20.12% in 2025, then dropped by 16 bps to 16.83% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 16.83% in Q2 2026, 21.08% in Q1 2026, and 20.12% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,226.50 Bn | 1,183.58 Bn | 4.75 Bn | 16.83% |
| 2 | Toyota Motor | 250.64 Bn | 172.66 Bn | 12.27 Bn | 16.11% |
| 3 | Ferrari | 153.43 Bn | 151.68 Bn | 1.18 Bn | 52.59% |
| 4 | Honda Motor | 147.05 Bn | 108.59 Bn | 8.46 Bn | 22.24% |
| 5 | General Motors | 73.24 Bn | 50.16 Bn | 7.33 Bn | 15.26% |
| 6 | Ford Motor | 51.31 Bn | 20.01 Bn | 6.08 Bn | 12.59% |
| 7 | Rivian Automotive | 20.62 Bn | 15.33 Bn | 179.00 Mn | 10.80% |
| 8 | Magna International | 17.88 Bn | 16.79 Bn | 1.61 Bn | 14.68% |
| 9 | Stellantis | 14.02 Bn | -29.10 Bn | 5.55 Bn | 10.98% |
| 10 | Li Auto | 11.82 Bn | -670.23 Mn | 417.98 Mn | 11.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.83% |
| 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% |
API Access
Tesla Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=TSLA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TSLA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TSLA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();