Tesla (TSLA) Operating Expenses (2010 - 2026)

Tesla (TSLA) posted Operating Expenses of $3.8 billion for Q1 2026, up 4.97% sequentially from $3.6 billion in Q4 2025, and up 37.22% YoY from $2.8 billion in Q1 2025.

Tesla (TSLA) Operating Expenses (2010 - 2026) Analysis & Trends

Tesla (TSLA) has 17 years of Operating Expenses data on file, last reported at $3.8 billion in Q1 2026.

  • Quarterly Operating Expenses rose 37.22% year-over-year to $3.8 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $13.8 billion (up 29.81% YoY) and the FY2025 annual result came in at $12.7 billion, up 22.8% from the prior year.
  • Operating Expenses grew to $3.8 billion in Q1 2026 per TSLA's latest filing, from $3.6 billion in the prior quarter.
  • The five-year high for Operating Expenses was $3.8 billion in Q1 2026, with the low at $1.7 billion in Q3 2022.
  • Average Operating Expenses over 5 years is $2.5 billion, with a median of $2.4 billion recorded in 2023.
  • Year-over-year, Operating Expenses dropped 16.03% in 2022 and surged 50.44% in 2025.
  • Tesla's Operating Expenses stood at $1.9 billion in 2022, then gained by 26.55% to $2.4 billion in 2023, then rose by 9.35% to $2.6 billion in 2024, then jumped by 38.67% to $3.6 billion in 2025, then increased by 4.97% to $3.8 billion in 2026.
  • Business Quant data shows TSLA's Operating Expenses at $3.8 billion in Q1 2026, $3.6 billion in Q4 2025, and $3.4 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Tesla 1,375.42 Bn 1,330.73 Bn 4.72 Bn 3.78 Bn
2 Ford Motor 78.30 Bn 47.85 Bn 7.94 Bn 40.92 Bn
3 General Motors 68.82 Bn 46.43 Bn 4.32 Bn 40.70 Bn
4 Xpeng 40.80 Bn 38.26 Bn 388.90 Mn -660.64 Mn
5 Rivian Automotive 21.46 Bn 16.65 Bn 119.00 Mn 1.00 Bn
6 Li Auto 12.40 Bn -965.30 Mn 262.11 Mn -696.85 Mn
7 Nio 12.31 Bn 9.20 Bn 704.43 Mn -749.20 Mn
8 VinFast Auto 7.23 Bn 91,500.01 Bn -17,004.89 Bn -3,574.44 Bn
9 Lucid 2.18 Bn 1.48 Bn -311.71 Mn 1.27 Bn
10 China Yuchai International 1.74 Bn 678.93 Mn 317.01 Mn -282.20 Mn

Historic Data

Download Data
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