Tesla, Inc. (TSLA)

Consumer Discretionary · Automobile Manufacturers · US stock · S&P 500 component

$374.58 ▼ -11.89 (3.08%)

At close 22 Oct 2026 · USD · Volume 51,511,993

Compare with GM

Interactive chart Research report Forecast ranges Pro workspace SEC filings Historical data

Fair valueOvervalued

$299 −20.2% to fair value

$149fair band $254–$362$448

Day's range

$373.71 – $388.86

52-week range

$297.38 – $498.83

About Tesla, Inc.

Electric vehicles are the main business of Tesla, which designs, makes and markets them, along with energy storage and solar products. Its cars are offered directly to consumers and businesses through its own stores and website, and it runs a network of fast chargers. Its energy business supplies home batteries and large grid-scale storage systems. The company also provides vehicle software, insurance and service, and it reports two segments covering automotive and energy generation and storage.

Vehicle deliveries are the main source of revenue, with energy storage, services and software adding to the total. Revenue was $103.6 billion over the last twelve months and has grown at 5.2% a year across the last three years. The operating margin is 4.2% and the business earns 6% on the capital invested in it. Net debt is -7.9 times EBITDA, which means the company holds more cash than debt. No dividend is paid. On the site's X-Ray Score it receives 28 out of 100.

Price chart

Interactive chart Historical data & CSV

52-wk range $297.38 – $498.83Volume 51,511,993Daily, split-adjusted

Vitals

Market cap$1.33T

52-week range$297.38 – $498.83

Volume (last day)51,511,993

P/E (TTM)347.9

EBIT / EV yield0.3%

Free-cash-flow yield0.4%

Dividend yieldNo dividend

Revenue (TTM)$103.6B

Net income (TTM)$3.8B

Operating margin4.2%

Return on capital6.2%

Debt incl. leases$9.1B

Cash & securities$43.5B

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$299middle half of models $257 – $326

Overvalued −20.2% to fair value

Average of the 10 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.

Price $375

Undervalued < $254Fair $254 – $362Overvalued > $362

P/E multiple

$346

P/B multiple

$395

P/S multiple

$313

EV/EBITDA multiple

$274

EV/EBIT multiple

$252

EV/revenue multiple

$331

10-year DCF, EBITDA exit

$246

5-year DCF, EBITDA exit

$305

10-year DCF, revenue exit

$226

5-year DCF, revenue exit

$304

5-year DCF, growth exit · not used

$9

Earnings power value · not used

$39

A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.

What this means

Weak business, priced high

Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better 46 The price is not above fair value $299 fair value Debt looks manageable -7.9× EBITDA Revenue has been growing 5.2% a year Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.

Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data

Valuation Weak

5/100

Expensive against its sector on earnings and cash flow.

See the numbers →

EBIT / EV yield0.3%

Free-cash-flow yield0.4%

Fair value vs price0.8×

Growth Weak

20/100

Growing slower than most of its sector.

See the numbers →

Revenue growth (3y)5.2%

EPS growth (3y)-33.2%

Growth consistency60%

Profitability Weak

27/100

Earns lower returns on its capital than most peers.

See the numbers →

Return on invested capital6.2%

Operating margin4.2%

Gross profitability13.2%

Financial health Fair

65/100

Balance sheet is in typical shape for its sector.

See the numbers →

Piotroski F-Score6 / 9

Net debt / EBITDA-7.9×

Interest cover13.1×

Dividends None

–/100

Pays no dividend.

See the numbers →

Quarterly results: last 6 quarters

-9.2%

Mar '25

-11.8%

Jun '25

+11.6%

Sep '25

-3.1%

Dec '25

+15.8%

Mar '26

+25.5%

Jun '26

Revenue against the same quarter a year earlier. Latest quarter revenue $28.2B, diluted EPS $0.32.

Compare with peers

GM General Motors Co49 F Ford Motor Co38

Other Automobile Manufacturers companies by X-Ray Score.

SWOT analysis: Tesla, Inc.

Strengthsinside the company

Cash exceeds debt (net debt is negative), which gives room to invest or ride out a downturn.
Operating profit covers interest 13x, so debt costs are a small drag.

Weaknessesinside the company

Return on invested capital of 6.2% is well below the 24.9% median of sector peers.
Operating margin of 4.2% is thin against 15.0% for sector peers.
Earnings per share have declined 33.2% a year over three years.

Opportunitiesvaluation and setting

No specific opportunity is visible in our valuation, sector or growth data.

Threatsvaluation and setting

Revenue growth slowed to -2.9% last year from 5.2% a year over three years.
Trades at 348.6x earnings, 1,580% above the 20.7x median of sector peers, so the price already assumes better results.
The price is 20% above our fair value estimate, so there is little room for disappointment.
Earnings in Automobile Manufacturers follow the industry cycle, so margins and profits can swing from year to year.

Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.

Compare TSLA with peers and sector

Medians of 46 Consumer Discretionary peers and of 46 Consumer Discretionary stocks in our universe. Largest peers (X-Ray Score): AMZN 42, HD 40, MCD 53, TJX 55, BKNG 70, SBUX 31.

Metric	TSLA	Peers	Sector
X-Ray Score (out of 100)	28	51	51
Valuation	5	49	49
Growth	20	53	53
Profitability	27	52	52
Financial health	65	49	49
Dividends	–	52	52

Sector leaders: highest X-Ray Score in Consumer Discretionary

TSLA ranks #45 of 47 in Consumer Discretionary by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.

Company	X-Ray Score
#1 DECK Deckers Outdoor Corp	85
#2 LULU lululemon athletica inc.	76
#3 BKNG Booking Holdings Inc.	70
#4 LVS Las Vegas Sands Corp	64
#5 CMG Chipotle Mexican Grill Inc	64
…
#45 TSLA Tesla, Inc. (this stock)	28

Metric	TSLA	Peers	Sector
P/E ratio	348.6x	20.7x	20.7x
PEG ratio	–	1.93	1.93
Price / book	15.3x	6.9x	6.9x
Price / sales	12.8x	2.1x	2.1x
EV / EBITDA	295.6x	14.6x	14.6x
Price / free cash flow	230.1x	22.2x	22.2x
Dividend yield	–	1.9%	1.9%
Gap to our fair value	−20.2%	+3.5%	+3.5%

Metric	TSLA	Peers	Sector
Price change, 1 month	−1.1%	+4.8%	+4.8%
Price change, 3 months	+0.2%	−0.0%	−0.0%
Price change, 6 months	−3.3%	−2.6%	−2.6%
Price change, 1 year	−14.7%	−6.9%	−6.9%

Metric	TSLA	Peers	Sector
Market value	$1.33T	$39.4B	$39.4B
Revenue (last 12 months)	$103.6B	$17.1B	$17.1B
EBITDA (last 12 months)	$4.4B	$2.8B	$2.8B
Net income (last 12 months)	$3.8B	$1.7B	$1.7B
Free cash flow (last 12 months)	$5.8B	$1.7B	$1.7B

Metric	TSLA	Peers	Sector
Revenue growth, last year	−2.9%	+5.0%	+5.0%
Revenue growth, 3 years a year	+5.2%	+6.6%	+6.6%
EPS growth, 3 years a year	−33.2%	+5.2%	+5.2%
Free cash flow growth, 3 years a year	−6.3%	+12.3%	+12.3%
Dividend growth	–	+6.4%	+6.4%

Metric	TSLA	Peers	Sector
Gross margin	18.9%	42.8%	42.8%
EBITDA margin	4.2%	19.3%	19.3%
Operating margin	4.2%	15.0%	15.0%
Net margin	3.7%	11.4%	11.4%
Return on invested capital	6.2%	24.9%	24.9%
Return on equity	4.4%	36.1%	36.1%

Metric	TSLA	Peers	Sector
Net debt / EBITDA	-7.9x	2.1x	2.1x
Interest cover	13.1x	28.1x	28.1x
Current ratio	1.9x	1.1x	1.1x
Piotroski F-score (0 to 9)	6	6	6

Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.

Factor ratings for TSLA

Each factor is rated by where TSLA stands among the 47 Consumer Discretionary stocks in our universe.

Rating against the sector

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

Against its own history

The last columns set today's figure against the company's own median of its last five financial years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.

In total: 5 Good · 4 Average · 14 Bad of 23 Growth: 0 · 1 · 2 Profitability: 0 · 0 · 5 Financial strength: 2 · 2 · 0 Valuation: 0 · 0 · 5 Cash flow: 2 · 0 · 2 Efficiency: 1 · 1 · 0

Factor	TSLA	Rating	Sector median	Own 5-year median	Against own history
Growth
Revenue growth, 3 years a year	+5.2%	Average beats 34%	+6.5%	–	–
Revenue growth, last year	−2.9%	Bad beats 8%	+4.9%	+18.8%	▼ Worse
EPS growth, 3 years a year	−33.2%	Bad beats 10%	+4.0%	–	–
Profitability
Gross margin	18.9%	Bad beats 5%	42.5%	18.2%	≈ In line
Operating margin	4.2%	Bad beats 10%	14.9%	9.2%	▼ Worse
Net margin	3.7%	Bad beats 14%	11.4%	10.3%	▼ Worse
Return on invested capital	6.2%	Bad beats 13%	24.6%	–	–
Return on equity	4.4%	Bad beats 13%	35.3%	18.3%	▼ Worse
Financial strength
Net debt / EBITDA	-7.9x	Good beats 99%	1.8x	-2.7x	▲ Better
Interest cover	13.1x	Average beats 40%	25.3x	20.2x	▼ Worse
Current ratio	1.94	Good beats 83%	1.10	1.73	▲ Better
Piotroski F-score	6 / 9	Average beats 49%	6 / 9	–	–
Valuation
P/E ratio	348.6x	Bad beats 3%	21.1x	199.2x	▼ Worse
Price / book	15.3x	Bad beats 21%	7.2x	19.3x	▲ Better
Price / sales	12.8x	Bad beats 1%	2.1x	14.5x	▲ Better
EV / EBITDA	295.6x	Bad beats 1%	15.0x	181.0x	▼ Worse
Free cash flow yield	0.4%	Bad beats 8%	4.3%	0.4%	≈ In line
Cash flow
Free cash flow margin	5.6%	Bad beats 25%	10.8%	6.6%	≈ In line
Cash from operations / net income	4.91	Good beats 90%	1.37	2.08	▲ Better
Free cash flow growth, 3 years a year	−6.3%	Bad beats 21%	+12.1%	–	–
Accruals (lower is better)	−10.0%	Good beats 88%	−5.3%	–	–
Efficiency
Inventory turnover	6.1x	Good beats 67%	4.2x	6.3x	≈ In line
Days sales outstanding	14 days	Average beats 47%	14 days	13 days	≈ In line

These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.

Fundamentals checklist

● 4 Good · ● 3 Average · ● 9 Bad

Cash quality

Earnings backed by cashGood

Free-cash-flow yieldBad

Risk models

Altman Z''Good

Piotroski F-ScoreAverage

Growth

EPS growth (3y)Bad

Free-cash-flow growth (3y)Bad

Revenue growth (3y)Average

Growth consistencyBad

Balance sheet

Current ratioGood

Net debt / EBITDAGood

Interest coverAverage

Valuation

Fair value vs priceBad

EBIT / EV yieldBad

Profitability

Return on invested capitalBad

Operating marginBad

Gross profitabilityBad

Each check is graded against the company's sector, not a fixed number. Checklist score 31/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	$53.8B	$81.5B	$96.8B	$97.7B	$94.8B
Operating income	$6.5B	$13.7B	$8.9B	$7.1B	$4.4B
Net income	$5.5B	$12.6B	$15.0B	$7.1B	$3.8B
Operating cash flow	$11.5B	$14.7B	$13.3B	$14.9B	$14.7B
Operating margin	12.1%	16.8%	9.2%	7.2%	4.6%
Free cash flow	$5.0B	$7.6B	$4.4B	$3.6B	$6.2B
Diluted EPS	$1.63	$3.62	$4.30	$2.04	$1.08

Fiscal years, from SEC filings.

Technical summary

Daily

Bullish

9 bullish · 4 neutral · 3 bearish

Weekly

Bullish

8 bullish · 1 neutral · 3 bearish

Monthly

Neutral

4 bullish · 1 neutral · 3 bearish

Moving averages (daily)

SMA 10	372.3	Bullish
EMA 10	372.7	Bullish
SMA 20	369.9	Bullish
EMA 20	370.7	Bullish
SMA 50	363.1	Bullish
EMA 50	366.9	Bullish
SMA 100	368.8	Bullish
EMA 100	370.8	Bullish
SMA 200	386.6	Bearish
EMA 200	377.2	Bearish

Oscillators (daily)

RSI (14)	52.80	Neutral
MACD (12, 26)	2.86	Bullish
Momentum (12)	-1.60	Bearish
Stochastic %K (14)	63.88	Neutral
Williams %R (14)	-36.12	Neutral
CCI (20)	69.85	Neutral

Pivot points (classic, last session)

354.1

363.9

369.2

Pivot

379.0

384.4

394.2

399.5

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

ETFs that hold TSLA

ETF	Share of the fund
XLY Consumer Discretionary Select Sector S...	19.64%
VCR Vanguard Consumer Discretionary	17.72%
TSLL Daily TSLA Bull 2X	15.74%
FDIS Fidelity MSCI Consumer Discretionary I...	12.99%
ARKK ARK Innovation	9.74%
TSLT T-REX 2X Long Tesla Daily Target	6.41%
FDG American Century Focused Dynamic Growt...	6.36%
CGGR Capital Group Growth	5.85%

The eight funds with the largest weight in TSLA among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.