Tesla (TSLA) Operating Expenses (2010 - 2026)
Tesla's (TSLA) quarterly Operating Expenses came in at $3.8 billion in Q1 2026, up 37.22% year-on-year from $2.8 billion in Q1 2025, and up 4.97% quarter-over-quarter from $3.6 billion in Q4 2025.
Tesla (TSLA) Operating Expenses (2010 - 2026) Analysis & Trends
Tesla has disclosed Operating Expenses across 17 years of filings, most recently posting $3.8 billion for Q1 2026.
- Operating Expenses for Q1 2026 came in at $3.8 billion, up 37.22% year-over-year; the trailing twelve-month figure through Mar 2026 was $13.8 billion (up 29.81% YoY), and the FY2025 annual result 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.
- The 5-year median for Operating Expenses is $2.4 billion (2023), against an average of $2.5 billion.
- Across the five-year window, Operating Expenses fell 16.03% in 2022 and jumped 50.44% in 2025, its largest moves.
- Tesla's Operating Expenses stood at $1.9 billion in 2022, then grew by 26.55% to $2.4 billion in 2023, then climbed by 9.35% to $2.6 billion in 2024, then jumped by 38.67% to $3.6 billion in 2025, then advanced by 4.97% to $3.8 billion in 2026.
- The last three Operating Expenses figures came in at $3.8 billion (Q1 2026), $3.6 billion (Q4 2025), and $3.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,297.09 Bn | 1,252.41 Bn | 4.72 Bn | 3.78 Bn |
| 2 | Toyota Motor | 440.56 Bn | 289.71 Bn | 39.87 Bn | 76.70 Bn |
| 3 | Ferrari | 75.26 Bn | 73.46 Bn | 1.09 Bn | 479.59 Mn |
| 4 | General Motors | 72.40 Bn | 50.02 Bn | 4.32 Bn | 40.70 Bn |
| 5 | Ford Motor | 56.05 Bn | 25.60 Bn | 7.94 Bn | 40.92 Bn |
| 6 | Rivian Automotive | 20.65 Bn | 15.84 Bn | 119.00 Mn | 1.00 Bn |
| 7 | China Yuchai International | 14.25 Bn | 13.19 Bn | 317.01 Mn | -282.20 Mn |
| 8 | VinFast Auto | 7.11 Bn | 10.11 Bn | -15,731.99 Bn | -11,212.24 Bn |
| 9 | Digital Currency X Technology | 4.89 Bn | 4.89 Bn | - | - |
| 10 | Xpeng | 4.49 Bn | 1.59 Bn | 388.90 Mn | -660.64 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 |