Tesla (NASDAQ: TSLA) posted full-year 2025 net income of $3.79 billion, a 46.5% drop from 2024. Earnings per share fell to $1.08 diluted, pressured by price cuts, rising R&D costs, and growing competition from rivals like BYD.
Earnings of Tesla
Annual Earnings of Tesla
| Year | Net Income | YoY Change |
|---|---|---|
| 2016 | -$675M | +24.1% |
| 2017 | -$1.96B | -190.7% |
| 2018 | -$976M | +50.3% |
| 2019 | -$862M | +11.7% |
| 2020 | $721M | Turned profitable |
| 2021 | $5.52B | +665.5% |
| 2022 | $12.56B | +127.5% |
| 2023 | $15.00B | +19.4% |
| 2024 | $7.09B | -52.7% |
| 2025 | $3.79B | -46.5% |
Tesla P/E Ratio
| Year | Year-End P/E | EPS (Diluted) |
|---|---|---|
| 2016 | N/A | -$0.55 |
| 2017 | N/A | -$1.63 |
| 2018 | N/A | -$0.81 |
| 2019 | N/A | -$0.71 |
| 2020 | 1,136.0x | $0.21 |
| 2021 | 337.1x | $1.63 |
| 2022 | 34.0x | $3.62 |
| 2023 | 57.9x | $4.30 |
| 2024 | 206.4x | $2.04 |
| 2025 | 403.3x | $1.08 |
