Tesla (TSLA) Gross Margin (2010 - 2026)
Tesla's Gross Margin was 16.83% in Q2 2026, down 0.41 percentage points from 17.24% a year earlier and down 4.26 percentage points from the prior quarter.
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Analysis
Tesla (TSLA) Gross Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Tesla's Gross Margin was 18.85% through Jun 30, 2026, up 1.37 percentage points year-over-year; for FY2025, it was 18.03%, up 0.16 percentage points from FY2024.
- Gross Margin shows a five-year change of -3.00 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 17.86% in FY2024 (-0.39 pp), 18.25% in FY2023 (-7.35 pp), 25.60% in FY2022 (+0.32 pp) and 25.28% in FY2021 (+4.26 pp).
- The Q2 2026 figure marks the lowest quarterly Gross Margin since Q1 2025.
- Compared with a year earlier, Gross Margin was higher in three of the last eight quarters, with an average year-over-year change of +0.65 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2021 (a gain of 8.13 percentage points); the worst was Q1 2023 (a drop of 9.77 percentage points).
- Per Business Quant data, TSLA's Gross Margin in the three quarters before Q2 2026 was 21.08% (Q1 2026), 20.12% (Q4 2025) and 17.99% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,249.80 Bn | 1,072.02 Bn | 5.49 Bn | 19.59% |
| 2 | General Motors | 80.83 Bn | -23.79 Bn | 9.28 Bn | 18.55% |
| 3 | Ferrari | 77.00 Bn | 69.29 Bn | 1.14 Bn | 52.41% |
| 4 | Ford Motor | 50.64 Bn | -83.78 Bn | 7.38 Bn | 14.90% |
| 5 | Honda Motor | 47.02 Bn | -102.79 Bn | 8.46 Bn | 22.24% |
| 6 | Toyota Motor | 25.29 Bn | -375.53 Bn | 20.95 Bn | 24.69% |
| 7 | Rivian Automotive | 20.23 Bn | -1.49 Bn | 176.00 Mn | 8.17% |
| 8 | Magna International | 18.52 Bn | 12.50 Bn | 1.63 Bn | 16.16% |
| 9 | Stellantis | 13.39 Bn | -148.04 Bn | 3.94 Bn | 9.10% |
| 10 | Li Auto | 11.68 Bn | -37.28 Bn | 417.98 Mn | 11.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.59% |
| 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% |
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();