Tesla (TSLA) Operating Expenses (2010 - 2026)
Tesla (TSLA) posted Operating Expenses of $4.4 billion for Q2 2026, up 15.19% sequentially from $3.8 billion in Q1 2026, and up 47.31% YoY from $3.0 billion in Q2 2025.
Tesla (TSLA) Operating Expenses (2010 - 2026) Analysis & Trends
Tesla has reported Operating Expenses for 17 years, with the latest figure at $4.4 billion in Q2 2026.
- Quarterly Operating Expenses rose 47.31% year-over-year to $4.4 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $15.2 billion (up 43.24% YoY) and the FY2025 annual result came in at $12.7 billion, up 22.8% from the prior year.
- Operating Expenses rose to $4.4 billion in Q2 2026 per TSLA's latest filing, from $3.8 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $4.4 billion in Q2 2026 and troughed at $1.7 billion in Q3 2022.
- A 5-year average of $2.6 billion and a median of $2.5 billion in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses decreased 16.03% in 2022, then soared 50.44% in 2025.
- Over 5 years, Operating Expenses stood at $1.9 billion in 2022, then rose by 26.55% to $2.4 billion in 2023, then increased by 9.35% to $2.6 billion in 2024, then soared by 38.67% to $3.6 billion in 2025, then increased by 20.92% to $4.4 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $4.4 billion, $3.8 billion, and $3.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,042.09 Bn | 998.56 Bn | 4.75 Bn | 4.35 Bn |
| 2 | Toyota Motor | 242.42 Bn | 108.20 Bn | 12.27 Bn | 78.18 Bn |
| 3 | Honda Motor | 122.32 Bn | 88.11 Bn | -34.06 Bn | 239.73 Bn |
| 4 | Ford Motor | 81.57 Bn | 50.24 Bn | 6.08 Bn | 47.66 Bn |
| 5 | General Motors | 80.05 Bn | 55.33 Bn | 7.33 Bn | 46.57 Bn |
| 6 | Li Auto | 26.01 Bn | 12.56 Bn | 262.11 Mn | -696.85 Mn |
| 7 | Xpeng | 22.52 Bn | 19.98 Bn | 388.90 Mn | -660.64 Mn |
| 8 | Rivian Automotive | 20.71 Bn | 15.40 Bn | 179.00 Mn | 1.02 Bn |
| 9 | Stellantis | 16.33 Bn | -25.12 Bn | 5.55 Bn | 4.85 Bn |
| 10 | Nio | 11.59 Bn | 7.00 Bn | 704.43 Mn | -749.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.35 Bn |
| 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 |