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| 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 |