Tesla annual gross margin
2009
2010
2011
2012
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2015
2016
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2018
2019
2020
2021
2022
2023
2024
2025
Tesla Gross Margin Growth & History (TSLA)
Tesla's gross margin was 18.03% for fiscal 2025.
View full Tesla company overviewTesla annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 18.03% | +0.16 pp |
| 2024 | 2024-12-31 | 17.86% | −0.39 pp |
| 2023 | 2023-12-31 | 18.25% | −7.35 pp |
| 2022 | 2022-12-31 | 25.60% | +0.32 pp |
| 2021 | 2021-12-31 | 25.28% | +4.26 pp |
| 2020 | 2020-12-31 | 21.02% | +4.47 pp |
| 2019 | 2019-12-31 | 16.56% | −2.28 pp |
| 2018 | 2018-12-31 | 18.83% | −0.07 pp |
| 2017 | 2017-12-31 | 18.90% | −3.94 pp |
| 2016 | 2016-12-31 | 22.85% | +0.02 pp |
| 2015 | 2015-12-31 | 22.82% | −4.74 pp |
| 2014 | 2014-12-31 | 27.57% | +4.91 pp |
| 2013 | 2013-12-31 | 22.66% | +15.38 pp |
| 2012 | 2012-12-31 | 7.28% | −22.88 pp |
| 2011 | 2011-12-31 | 30.16% | +3.83 pp |
| 2010 | 2010-12-31 | 26.32% | +17.81 pp |
| 2009 | 2009-12-31 | 8.52% | — |
Tesla quarterly gross margin
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Q2.18
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Q3.20
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Q1.23
Q2.23
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Q4.23
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Q3.24
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Q1.25
Q2.25
Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 16.83% | −0.41 pp |
| Q1 2026 | 2026-03-31 | 21.08% | +4.78 pp |
| Q4 2025 | 2025-12-31 | 20.12% | +3.86 pp |
| Q3 2025 | 2025-09-30 | 17.99% | −1.85 pp |
| Q2 2025 | 2025-06-30 | 17.24% | −0.71 pp |
| Q1 2025 | 2025-03-31 | 16.31% | −1.04 pp |
| Q4 2024 | 2024-12-31 | 16.26% | −1.38 pp |
| Q3 2024 | 2024-09-30 | 19.84% | +1.95 pp |
| Q2 2024 | 2024-06-30 | 17.95% | −0.23 pp |
| Q1 2024 | 2024-03-31 | 17.35% | −1.99 pp |
| Q4 2023 | 2023-12-31 | 17.63% | −6.12 pp |
| Q3 2023 | 2023-09-30 | 17.89% | −7.19 pp |
| Q2 2023 | 2023-06-30 | 18.19% | −6.82 pp |
| Q1 2023 | 2023-03-31 | 19.34% | −9.77 pp |
| Q4 2022 | 2022-12-31 | 23.76% | −3.60 pp |
| Q3 2022 | 2022-09-30 | 25.09% | −1.52 pp |
| Q2 2022 | 2022-06-30 | 25.00% | +0.89 pp |
| Q1 2022 | 2022-03-31 | 29.11% | +7.79 pp |
| Q4 2021 | 2021-12-31 | 27.35% | +8.13 pp |
| Q3 2021 | 2021-09-30 | 26.60% | +3.08 pp |
| Q2 2021 | 2021-06-30 | 24.12% | +3.13 pp |
| Q1 2021 | 2021-03-31 | 21.32% | +0.70 pp |
| Q4 2020 | 2020-12-31 | 19.23% | +0.39 pp |
| Q3 2020 | 2020-09-30 | 23.52% | +4.62 pp |
| Q2 2020 | 2020-06-30 | 20.99% | +6.49 pp |
| Q1 2020 | 2020-03-31 | 20.62% | +8.15 pp |
| Q4 2019 | 2019-12-31 | 18.84% | −1.13 pp |
| Q3 2019 | 2019-09-30 | 18.90% | −3.44 pp |
| Q2 2019 | 2019-06-30 | 14.50% | −0.96 pp |
| Q1 2019 | 2019-03-31 | 12.46% | −0.91 pp |
| Q4 2018 | 2018-12-31 | 19.97% | +6.63 pp |
| Q3 2018 | 2018-09-30 | 22.33% | +7.28 pp |
| Q2 2018 | 2018-06-30 | 15.47% | −8.43 pp |
| Q1 2018 | 2018-03-31 | 13.38% | −11.40 pp |
| Q4 2017 | 2017-12-31 | 13.34% | −5.71 pp |
| Q3 2017 | 2017-09-30 | 15.05% | −12.65 pp |
| Q2 2017 | 2017-06-30 | 23.90% | +2.26 pp |
| Q1 2017 | 2017-03-31 | 24.77% | +2.76 pp |
| Q4 2016 | 2016-12-31 | 19.05% | +1.05 pp |
| Q3 2016 | 2016-09-30 | 27.70% | +2.99 pp |
| Q2 2016 | 2016-06-30 | 21.64% | −0.71 pp |
| Q1 2016 | 2016-03-31 | 22.01% | −5.66 pp |
| Q4 2015 | 2015-12-31 | 18.00% | −9.36 pp |
| Q3 2015 | 2015-09-30 | 24.71% | −4.86 pp |
| Q2 2015 | 2015-06-30 | 22.34% | −5.34 pp |
| Q1 2015 | 2015-03-31 | 27.67% | +2.67 pp |
| Q4 2014 | 2014-12-31 | 27.36% | +1.90 pp |
| Q3 2014 | 2014-09-30 | 29.57% | +5.72 pp |
| Q2 2014 | 2014-06-30 | 27.69% | +2.88 pp |
| Q1 2014 | 2014-03-31 | 25.00% | +7.85 pp |
| Q4 2013 | 2013-12-31 | 25.45% | +17.66 pp |
| Q3 2013 | 2013-09-30 | 23.85% | +41.33 pp |
| Q2 2013 | 2013-06-30 | 24.80% | +6.94 pp |
| Q1 2013 | 2013-03-31 | 17.15% | −16.70 pp |
| Q4 2012 | 2012-12-31 | 7.79% | −12.11 pp |
| Q3 2012 | 2012-09-30 | −17.49% | −47.35 pp |
| Q2 2012 | 2012-06-30 | 17.87% | −13.95 pp |
| Q1 2012 | 2012-03-31 | 33.84% | −2.92 pp |
| Q4 2011 | 2011-12-31 | 19.90% | −11.30 pp |
| Q3 2011 | 2011-09-30 | 29.87% | +0.11 pp |
| Q2 2011 | 2011-06-30 | 31.82% | +9.77 pp |
| Q1 2011 | 2011-03-31 | 36.77% | +18.26 pp |
| Q4 2010 | 2010-12-31 | 31.20% | — |
| Q3 2010 | 2010-09-30 | 29.76% | — |
| Q2 2010 | 2010-06-30 | 22.04% | — |
| Q1 2010 | 2010-03-31 | 18.51% | — |
Tesla gross margin trends
Over the last five fiscal years, Tesla's gross margin decreased from 21.02% to 18.03%, a change of −3.00 percentage points. The latest reported quarter, Q2 2026, shows 16.83%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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