Tesla (TSLA) 10-K Summaries & Annual Filing History
Review Tesla, Inc. (TSLA) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Tesla reported a decline in annual revenue and lower operating and net income compared to the prior year. The company continues to face challenges in automotive sales and cost management.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$94.8B
Revenue reported for the fiscal year.
Operating income
$4.4B
Income from operations reported for the year.
Net income
$3.8B
Net income reported for the year.
Operating cash flow
$14.7B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $81.5B | +51.4% |
| Dec 31, 2023 | $96.8B | +18.8% |
| Dec 31, 2024 | $97.7B | +0.9% |
| Dec 31, 2025 | $94.8B | -2.9% |
Business overview
Tesla designs, manufactures, and sells electric vehicles and energy generation and storage systems. The company also provides services related to its products, including vehicle maintenance and software upgrades.
Financial performance
Annual revenue decreased slightly compared to the prior year, while operating income and net income both declined. Operating cash flow remained positive but was lower than the previous year.
Material risks
The filing identifies risks related to supply chain disruptions, production delays, and intense competition in the automotive and energy markets. Regulatory changes and cybersecurity threats are also noted as material risks.
Liquidity and capital
The company maintains a strong liquidity position, supported by operating cash flows and access to capital markets. Capital allocation priorities include investments in production capacity, research and development, and infrastructure.
What to watch
Monitor the trend in automotive revenue and delivery volumes in the next filing to assess demand and market share.