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Auto → Revenue: $20.0B
Auto sales → Auto: $18.9B
Revenue → Cost of revenue: $18.8B
Cost of revenue → Auto costs: $15.8B
Revenue → Gross profit: $4.5B
Gross profit → Operating profit: $2.7B
Operating profit → Net profit: $2.4B
Gross profit → Operating expenses: $1.8B
Services → Revenue: $1.8B
Cost of revenue → Service costs: $1.7B
Energy generation & storage → Revenue: $1.5B
Cost of revenue → Energy costs: $1.4B
Operating expenses → SG&A: $1.1B
Operating expenses → R&D: $0.8B
Leasing → Auto: $0.6B
Regulatory credits → Auto: $0.5B
Operating profit → Tax: $0.3B
Interest → Net profit: $0.2B
Operating profit → Other: $0.0B
Auto sales: $18.9B
Auto: $20.0B
Leasing: $0.6B
Regulatory credits: $0.5B
Revenue: $23.3B
Energy generation & storage: $1.5B
Services: $1.8B
Gross profit: $4.5B
Cost of revenue: $18.8B
Operating profit: $2.7B
Operating expenses: $1.8B
Net profit: $2.5B
Tax: $0.3B
Other: $0.0B
SG&A: $1.1B
R&D: $0.8B
Interest: $0.2B
Auto costs: $15.8B
Energy costs: $1.4B
Service costs: $1.7B
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Auto sales
$18.9B
22% Y/Y
Auto
$20.0B
18% Y/Y
Leasing
$0.6B
-16% Y/Y
Regulatory credits
$0.5B
-23% Y/Y
Revenue
$23.3B
24% Y/Y
Energy generation & storage
$1.5B
148% Y/Y
Services
$1.8B
44% Y/Y
Gross profit
$4.5B
-17% Y/Y
Cost of revenue
$18.8B
42% Y/Y
Operating profit
$2.7B
-27% Y/Y
Operating expenses
$1.8B
-1% Y/Y
Net profit
$2.5B
-23% Y/Y
Tax
$0.3B
-25% Y/Y
Other
$48M
SG&A
$1.1B
8% Y/Y
R&D
$0.8B
-11% Y/Y
Interest
$0.2B
Auto costs
$15.8B
39% Y/Y
Energy costs
$1.4B
98% Y/Y
Service costs
$1.7B
32% Y/Y
Tesla Q1 FY23 Income Statement
2020
Full Year
2021
Full Year
2022
Q3
Q4
Full Year
2023
Q1
Q2
Q3
Q4
Full Year
2024
Q1
Q2
Q3
Full Year
2025
Q1
Q2
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