Financials Tesla, Inc.

Equities

TSLA

US88160R1014

Auto & Truck Manufacturers

Delayed Nasdaq Other stock markets 16:00:00 2026-01-16 EST			5-day change	1st Jan Change
437.50 ^USD	-0.24%		-1.69%	-2.72%

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Projected Income Statement: Tesla, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	31,536	53,823	81,462	96,773	97,690	94,667	107,458	126,461
Change	-	70.67%	51.35%	18.8%	0.95%	-3.09%	13.51%	17.68%
EBITDA ¹	6,050	11,555	19,186	16,631	16,645	13,240	15,366	20,508
Change	-	90.99%	66.04%	-13.32%	0.08%	-20.46%	16.06%	33.46%
EBIT ¹	1,994	6,523	13,656	8,891	7,076	4,521	7,179	10,850
Change	-	227.13%	109.35%	-34.89%	-20.41%	-36.11%	58.79%	51.14%
Interest Paid ¹	-718	-315	-191	-156	-350	-340.3	-337.1	-353
Earnings before Tax (EBT) ¹	1,154	6,343	13,719	9,973	8,990	5,918	8,301	11,869
Change	-	449.65%	116.29%	-27.31%	-9.86%	-34.17%	40.26%	42.99%
Net income ¹	721	5,519	12,556	14,997	7,091	4,408	6,553	9,436
Change	-	665.46%	127.5%	19.44%	-52.72%	-37.84%	48.66%	44%
Announcement Date	1/27/21	1/26/22	1/25/23	1/24/24	1/29/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	10,744	10,389	11,958	13,757	17,719	18,756	16,934	21,454	24,318	23,329	24,927	23,350	25,167	21,301	25,500	25,182	25,707	19,335	22,496	28,095	24,764	23,128	24,718	27,710	28,553	25,098	27,101	31,218
Change	-	-3.3%	15.1%	15.04%	28.8%	5.85%	-9.71%	26.69%	13.35%	-4.07%	6.85%	-6.33%	7.78%	-15.36%	19.71%	-1.25%	2.08%	-24.79%	16.35%	24.89%	-11.86%	-6.61%	6.87%	12.11%	3.04%	-12.1%	7.98%	15.19%
EBITDA ¹	1,826	1,829	2,467	3,240	4,019	5,023	3,791	4,968	5,404	4,267	4,653	3,758	3,953	3,384	3,674	4,665	4,922	2,814	3,401	4,227	3,745	3,336	3,699	4,327	4,379	4,018	4,299	4,855
Change	-	0.16%	34.88%	31.33%	24.04%	24.98%	-24.53%	31.05%	8.78%	-21.04%	9.05%	-19.23%	5.19%	-14.39%	8.57%	26.97%	5.51%	-42.83%	20.86%	24.29%	-11.4%	-10.92%	10.89%	16.98%	1.19%	-8.24%	6.99%	12.93%
EBIT ¹	575	594	1,312	2,004	2,613	3,603	2,464	3,688	3,901	2,664	2,399	1,764	2,064	1,171	1,605	2,717	1,583	399	923	1,624	1,240	1,132	1,389	1,949	2,064	1,331	1,520	1,954
Change	-	3.3%	120.88%	52.74%	30.39%	37.89%	-31.61%	49.68%	5.78%	-31.71%	-9.95%	-26.47%	17.01%	-43.27%	37.06%	69.28%	-41.74%	-74.79%	131.33%	75.95%	-23.66%	-8.72%	22.73%	40.34%	5.89%	-35.51%	14.2%	28.55%
Charge d'intérêts ¹	-240	-99	-75	-116	-46	-61	-44	-53	-33	-29	-28	-38	-61	-76	-86	-92	-96	-91	-86	-76	-81	-78.29	-78.29	-78.29	-78.29	-67	-67	-67
Earnings before Tax (EBT) ¹	379	533	1,293	1,882	2,635	3,626	2,474	3,636	3,983	2,800	2,937	2,045	2,191	1,553	1,887	2,784	2,766	589	1,549	1,959	1,639	1,496	1,665	2,114	2,385	1,680	1,870	2,304
Change	-	40.63%	142.59%	45.55%	40.01%	37.61%	-31.77%	46.97%	9.54%	-29.7%	4.89%	-30.37%	7.14%	-29.12%	21.51%	47.54%	-0.65%	-78.71%	162.99%	26.47%	-16.31%	-8.72%	11.27%	26.95%	12.84%	-29.57%	11.31%	23.21%
Net income ¹	270	438	1,142	1,618	2,321	3,318	2,259	3,292	3,687	2,513	2,703	1,853	7,928	1,129	1,478	2,167	2,317	409	1,172	1,373	1,260	1,173	1,298	1,701	1,851	1,295	1,443	1,782
Change	-	62.22%	160.73%	41.68%	43.45%	42.96%	-31.92%	45.73%	12%	-31.84%	7.56%	-31.45%	327.85%	-85.76%	30.91%	46.62%	6.92%	-82.35%	186.55%	17.15%	-8.26%	-6.86%	10.66%	31.03%	8.84%	-30.05%	11.43%	23.49%
Announcement Date	1/27/21	4/26/21	7/26/21	10/20/21	1/26/22	4/20/22	7/20/22	10/19/22	1/25/23	4/19/23	7/19/23	10/18/23	1/24/24	4/23/24	7/24/24	10/23/24	1/29/25	4/22/25	7/23/25	10/22/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Tesla, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-7,696	-10,742	-19,086	-23,864	-28,350	-33,674	-34,585	-39,712
Change	-	-39.58%	-77.68%	-25.03%	-18.8%	-18.78%	-2.71%	-14.82%
Announcement Date	1/27/21	1/26/22	1/25/23	1/24/24	1/29/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Tesla, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	3,157	6,482	7,158	8,898	11,339	9,133	11,308	12,174
Change	-	105.32%	10.43%	24.31%	27.43%	-19.46%	23.82%	7.66%
Free Cash Flow (FCF) ¹	2,786	5,015	7,566	4,358	3,584	4,878	4,093	6,669
Change	-	80.01%	50.87%	-42.4%	-17.76%	36.09%	-16.09%	62.95%
Announcement Date	1/27/21	1/26/22	1/25/23	1/24/24	1/29/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Tesla, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	19.18%	21.47%	23.55%	17.19%	17.04%	13.99%	14.3%	16.22%
EBIT Margin (%)	6.32%	12.12%	16.76%	9.19%	7.24%	4.78%	6.68%	8.58%
EBT Margin (%)	3.66%	11.78%	16.84%	10.31%	9.2%	6.25%	7.72%	9.39%
Net margin (%)	2.29%	10.25%	15.41%	15.5%	7.26%	4.66%	6.1%	7.46%
FCF margin (%)	8.83%	9.32%	9.29%	4.5%	3.67%	5.15%	3.81%	5.27%
FCF / Net Income (%)	386.41%	90.87%	60.26%	29.06%	50.54%	110.66%	62.46%	70.67%
Profitability
ROA	5.61%	13.37%	17.38%	11.52%	7.36%	3.84%	4.55%	5.87%
ROE	16.81%	21.06%	33.53%	20.28%	12.42%	6.35%	7.06%	8.96%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	10.01%	12.04%	8.79%	9.19%	11.61%	9.65%	10.52%	9.63%
CAPEX / EBITDA (%)	52.18%	56.1%	37.31%	53.5%	68.12%	68.98%	73.59%	59.36%
CAPEX / FCF (%)	113.32%	129.25%	94.61%	204.18%	316.38%	187.24%	276.3%	182.55%
Items per share
Cash flow per share ¹	1.829	3.394	4.237	3.804	4.266	4.024	4.095	4.771
Change	-	85.57%	24.83%	-10.23%	12.16%	-5.68%	1.78%	16.49%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	7.717	9.742	12.88	17.97	20.84	23.86	26.08	28.95
Change	-	26.23%	32.21%	39.55%	15.98%	14.45%	9.31%	11.03%
EPS ¹	0.2133	1.633	3.62	4.3	2.04	1.281	1.893	2.65
Change	-	665.64%	121.63%	18.78%	-52.56%	-37.22%	47.78%	40.02%
Nbr of stocks (in thousands)	2,843,702	3,019,258	3,157,752	3,178,921	3,210,060	3,325,819	3,325,819	3,325,819
Announcement Date	1/27/21	1/26/22	1/25/23	1/24/24	1/29/25	-	-	-