Please find below the latest company-compiled earnings consensus estimates of sell-side analysts. Tesla does not endorse any information, recommendations or conclusions made by the analysts. Q2-2026 and 2026 data represent company-compiled consensus estimates.
Estimates provided by: Baird, Barclays, BofA, Cantor Fitzgerald, Canaccord, Cowen, Daiwa, DB, Evercore ISI, BNP Paribas, GS, HSBC, Jefferies, JPM, Mizuho, Morgan Stanley, New Street, OpCo, RBC, Truist, UBS, Wells Fargo, William Blair
| Q2-2026 | 2026 | ||||||||
| P&L | Average | Median | St. Deviation | # of Inputs | Average | Median | St. Deviation | # of Inputs | |
| Automotive | 20,048 | 20,640 | 1,528 | 23 | 74,295 | 73,657 | 3,511 | 23 | |
| Energy generation and storage | 3,773 | 3,645 | 512 | 23 | 15,533 | 15,375 | 1,471 | 23 | |
| Services and other | 3,763 | 3,801 | 260 | 23 | 15,393 | 15,287 | 813 | 23 | |
| Total revenues | 27,584 | 27,965 | 1,372 | 23 | 105,221 | 103,953 | 3,680 | 23 | |
| COGS | -22,206 | -22,497 | 1,122 | 23 | -84,436 | -83,306 | 2,874 | 23 | |
| Gross profit | 5,378 | 5,455 | 418 | 23 | 20,785 | 20,448 | 1,394 | 23 | |
| Gross margin | 19.5% | 19.5% | 1.1% | 23 | 19.7% | 19.6% | 1.0% | 23 | |
| Operating Expenses GAAP | -3,874 | -3,845 | 356 | 23 | -15,247 | -15,368 | 1,014 | 23 | |
| Income (loss) from operations | 1,503 | 1,527 | 358 | 23 | 5,538 | 5,369 | 1,075 | 23 | |
| Operating margin | 5.4% | 5.3% | 1.2% | 23 | 5.2% | 5.2% | 0.9% | 23 | |
| Interest and other | 234 | 320 | 193 | 23 | 609 | 788 | 626 | 23 | |
| Income (loss) before income taxes | 1,738 | 1,690 | 423 | 23 | 6,147 | 5,878 | 1,154 | 23 | |
| Taxes | -450 | -452 | 155 | 23 | -1,610 | -1,625 | 389 | 23 | |
| Net income (loss) | 1,288 | 1,222 | 303 | 23 | 4,537 | 4,346 | 891 | 23 | |
| Net income (loss) attributable to NCI and redeemable NCI | 12 | 15 | 8 | 23 | 49 | 59 | 23 | 22 | |
| Net income (loss) attributable to common stockholders | 1,276 | 1,215 | 304 | 23 | 4,491 | 4,332 | 897 | 23 | |
| Share count (diluted) | 3,574 | 3,542 | 105 | 23 | 3,594 | 3,543 | 132 | 23 | |
| EPS - GAAP | 0.36 | 0.34 | 0.08 | 23 | 1.25 | 1.22 | 0.24 | 23 | |
| Total SBC, net of tax | 754 | 750 | 191 | 21 | 3,121 | 3,053 | 560 | 21 | |
| Digital assets gain (loss), net of tax | -7 | 0 | 24 | 23 | 26 | 0 | 106 | 23 | |
| EPS - non-GAAP | 0.55 | 0.55 | 0.10 | 21 | 2.08 | 2.05 | 0.25 | 21 | |
| Cash Flow and Energy | Average | Median | St. Deviation | # of Inputs | Average | Median | St. Deviation | # of Inputs | |
| Operating CF | 3,445 | 3,469 | 1,316 | 21 | 15,468 | 14,932 | 2,418 | 22 | |
| Capex | -6,698 | -6,703 | 841 | 21 | -25,319 | -25,051 | 1,839 | 22 | |
| FCF | -3,254 | -2,999 | 1,548 | 21 | -9,852 | -10,551 | 3,245 | 22 | |
| Cash, cash equivalents and marketable securities | 40,998 | 41,657 | 3,781 | 20 | 33,405 | 32,834 | 4,899 | 20 | |
| Energy GWh | 55.3 | 58.0 | 10.9 | 18 | |||||
| Other Models deliveries | 55,156 | 40,907 | 46,980 | 22 | |||||
| Model 3/Y deliveries | 1,673,769 | 1,676,683 | 90,076 | 22 | |||||
| Total deliveries | 1,728,925 | 1,723,823 | 70,311 | 22 | |||||