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
Download Data| Date | Value |
|---|---|
| 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 |