Tesla (TSLA) Net Margin (2010 - 2026)
Tesla's Net Margin was 3.95% in Q2 2026, down 1.26 percentage points from 5.21% a year earlier but up 1.81 percentage points from the prior quarter.
Powered by 
Analysis
Tesla (TSLA) Net Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Tesla's Net Margin was 3.67% through Jun 30, 2026, down 2.67 percentage points year-over-year; for FY2025, it came in at 4.00%, down 3.26 percentage points from FY2024.
- Net Margin shows a five-year change of +1.81 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 7.26% in FY2024 (-8.24 pp), 15.50% in FY2023 (+0.08 pp), 15.41% in FY2022 (+5.15 pp) and 10.26% in FY2021 (+8.08 pp).
- Quarterly Net Margin has moved between 2.12% (Q1 2025) and 31.50% (Q4 2023) over five years.
- Compared with a year earlier, Net Margin was higher in two of the last eight quarters, with an average year-over-year change of -4.64 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q4 2023 (a gain of 16.34 percentage points); the worst was Q4 2024 (a drop of 23.22 percentage points).
- Per Business Quant data, TSLA's Net Margin in the three quarters before Q2 2026 was 2.13% (Q1 2026), 3.37% (Q4 2025) and 4.89% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,216.24 Bn | 1,042.27 Bn | 4.75 Bn | 3.95% |
| 2 | General Motors | 75.35 Bn | -31.16 Bn | 7.33 Bn | 2.68% |
| 3 | Ferrari | 69.70 Bn | 62.19 Bn | 1.18 Bn | 23.85% |
| 4 | Ford Motor | 48.22 Bn | -94.27 Bn | 6.08 Bn | -2.75% |
| 5 | Honda Motor | 44.40 Bn | -105.41 Bn | 8.46 Bn | 7.44% |
| 6 | Toyota Motor | 24.11 Bn | -382.39 Bn | 20.95 Bn | 10.92% |
| 7 | Magna International | 18.41 Bn | 12.44 Bn | 1.61 Bn | 4.27% |
| 8 | Rivian Automotive | 17.72 Bn | -5.59 Bn | 179.00 Mn | -50.24% |
| 9 | Stellantis | 12.89 Bn | -151.76 Bn | 5.55 Bn | 0.61% |
| 10 | Li Auto | 11.86 Bn | -37.05 Bn | 417.98 Mn | -7.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.95% |
| Mar 31, 2026 | 2.13% |
| Dec 31, 2025 | 3.37% |
| Sep 30, 2025 | 4.89% |
| Jun 30, 2025 | 5.21% |
| Mar 31, 2025 | 2.12% |
| Dec 31, 2024 | 8.28% |
| Sep 30, 2024 | 8.63% |
| Jun 30, 2024 | 5.49% |
| Mar 31, 2024 | 6.53% |
| Dec 31, 2023 | 31.50% |
| Sep 30, 2023 | 7.94% |
| Jun 30, 2023 | 10.84% |
| Mar 31, 2023 | 10.77% |
| Dec 31, 2022 | 15.16% |
| Sep 30, 2022 | 15.34% |
| Jun 30, 2022 | 13.34% |
| Mar 31, 2022 | 17.69% |
| Dec 31, 2021 | 13.13% |
| Sep 30, 2021 | 11.76% |
API Access
Tesla Net 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=net-margin&ticker=TSLA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=TSLA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();