KPIs & Operating Metrics(New)
Growth Metrics

Tesla (TSLA) Operating Expenses (2010 - 2026)

Tesla recorded quarterly Operating Expenses of $3.8 billion in Q1 2026, up 4.97% quarter-over-quarter from $3.6 billion in Q4 2025, and up 37.22% year-over-year from $2.8 billion in Q1 2025.

Tesla's Operating Expenses history runs 17 years deep, the most recent figure standing at $3.8 billion for Q1 2026.

  • In Q1 2026, Operating Expenses rose 37.22% year-over-year to $3.8 billion; the TTM figure through Mar 2026 stood at $13.8 billion (up 29.81% YoY), while the FY2025 annual figure was $12.7 billion, up 22.8% from the prior year.
  • Operating Expenses came in at $3.8 billion for Q1 2026 at Tesla, up from $3.6 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $3.8 billion in Q1 2026 to a low of $1.7 billion in Q3 2022.
  • A 5-year average of $2.5 billion and a median of $2.4 billion in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses retreated 16.03% in 2022 and surged 50.44% in 2025, its largest moves.
  • Tesla's Operating Expenses stood at $1.9 billion in 2022, then increased by 26.55% to $2.4 billion in 2023, then grew by 9.35% to $2.6 billion in 2024, then surged by 38.67% to $3.6 billion in 2025, then climbed by 4.97% to $3.8 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $3.8 billion, $3.6 billion, and $3.4 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Tesla 1,345.47 Bn 1,300.79 Bn 4.72 Bn 3.78 Bn
2 General Motors 75.49 Bn 53.10 Bn 4.32 Bn 40.70 Bn
3 Ferrari 72.44 Bn 70.64 Bn - -
4 Ford Motor 66.63 Bn 36.17 Bn 7.94 Bn 40.92 Bn
5 Stellantis 29.57 Bn -7.31 Bn 5.19 Bn 1.80 Bn
6 Rivian Automotive 21.06 Bn 16.25 Bn 119.00 Mn 1.00 Bn
7 China Yuchai International 16.90 Bn 15.88 Bn 317.01 Mn -282.20 Mn
8 VinFast Auto 8.12 Bn 11.12 Bn - -
9 Xpeng 4.61 Bn 1.71 Bn - -
10 Li Auto 4.13 Bn -4.66 Bn 733.67 Mn -796.96 Mn

Historic Data

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DateValue
Mar 31, 2026 3.78 Bn
Dec 31, 2025 3.60 Bn
Sep 30, 2025 3.43 Bn
Jun 30, 2025 2.96 Bn
Mar 31, 2025 2.75 Bn
Dec 31, 2024 2.60 Bn
Sep 30, 2024 2.28 Bn
Jun 30, 2024 2.97 Bn
Mar 31, 2024 2.53 Bn
Dec 31, 2023 2.37 Bn
Sep 30, 2023 2.41 Bn
Jun 30, 2023 2.13 Bn
Mar 31, 2023 1.85 Bn
Dec 31, 2022 1.88 Bn
Sep 30, 2022 1.69 Bn
Jun 30, 2022 1.77 Bn
Mar 31, 2022 1.86 Bn
Dec 31, 2021 2.23 Bn
Sep 30, 2021 1.66 Bn
Jun 30, 2021 1.57 Bn
Mar 31, 2021 1.62 Bn
Dec 31, 2020 1.49 Bn
Sep 30, 2020 1.25 Bn
Jun 30, 2020 940.00 Mn
Mar 31, 2020 951.00 Mn
Dec 31, 2019 1.03 Bn
Sep 30, 2019 930.00 Mn
Jun 30, 2019 1.09 Bn
Mar 31, 2019 1.09 Bn
Dec 31, 2018 1.03 Bn
Sep 30, 2018 1.11 Bn
Jun 30, 2018 1.24 Bn
Mar 31, 2018 1.05 Bn
Dec 31, 2017 1.04 Bn
Sep 30, 2017 984.62 Mn
Jun 30, 2017 907.53 Mn
Mar 31, 2017 925.50 Mn
Dec 31, 2016 701.98 Mn
Sep 30, 2016 551.11 Mn
Jun 30, 2016 512.82 Mn
Mar 31, 2016 500.69 Mn
Dec 31, 2015 478.90 Mn
Sep 30, 2015 415.16 Mn
Jun 30, 2015 383.56 Mn
Mar 31, 2015 362.52 Mn
Dec 31, 2014 336.54 Mn
Sep 30, 2014 290.98 Mn
Jun 30, 2014 241.75 Mn
Mar 31, 2014 199.10 Mn
Dec 31, 2013 169.94 Mn
Sep 30, 2013 133.42 Mn
Jun 30, 2013 112.28 Mn
Mar 31, 2013 101.90 Mn
Dec 31, 2012 114.74 Mn
Sep 30, 2012 99.70 Mn
Jun 30, 2012 110.94 Mn
Mar 31, 2012 98.97 Mn
Dec 31, 2011 88.76 Mn
Sep 30, 2011 81.70 Mn
Jun 30, 2011 77.25 Mn
Mar 31, 2011 65.37 Mn
Dec 31, 2010 62.97 Mn
Sep 30, 2010 47.13 Mn
Jun 30, 2010 37.62 Mn