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TSLA

Tesla, Inc.live run
10-K for period ending 2025-12-31gpt-6-luna@none · prompt v4$0.00168.6sfiling on sec.gov ↗

figures

fieldvaluestatement rowprinted
Total revenue$94.8BR9 Total revenues94,827 millions
Operating income$4.4BR23 Income from operations4,355 millions
Net income attributable to the company$3.8BR31 Net income attributable to common stockholders3,794 millions
Diluted EPS$1.08R34 Diluted1.08
Cash and cash equivalents$16.5BR3 Cash and cash equivalents16,513 millions
Total assets$137.8BR16 Total assets137,806 millions
Total liabilities$54.9BR27 Total liabilities54,941 millions
Total shareholders' equity attributable to the company$82.1BR37 Total stockholders’ equity82,137 millions
Net cash from operating activities$14.7BR19 Net cash provided by operating activities14,747 millions
Net cash from investing activities-$15.5BR26 Net cash used in investing activities(15,478) millions
Net cash from financing activities$1.1BR37 Net cash provided by financing activities1,139 millions

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · totalEquity excludes noncontrolling interests
  • net income is before preferred dividends · the line attributable to common stockholders is the company's own share after minority interests, with no preferred dividends between
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · netIncome excludes noncontrolling interests
  • cash flows tie to the change in cash · operating + investing + financing (+ FX) equals the net change in cash

management's claims

All 4 checkable claims in management's discussion match the statements.

  • matchesTotal revenue: "Total revenues" changed by -2863000000
    “In 2025, we recognized total revenues of $94.83 billion, representing a decrease of $2.86 billion compared to the prior year.”
  • matchesTotal revenue: "Total revenues" is 94827000000 (prior year 97690000000)
    “In 2025, we recognized total revenues of $94.83 billion, representing a decrease of $2.86 billion compared to the prior year.”
  • matchesNet income attributable to the company: "Net income attributable to common stockholders" changed by -3297000000
    “In 2025, our net income attributable to common stockholders was $3.79 billion, representing a decrease of $3.30 billion compared to the prior year.”
  • matchesNet income attributable to the company: "Net income attributable to common stockholders" is 3794000000 (prior year 7091000000)
    “In 2025, our net income attributable to common stockholders was $3.79 billion, representing a decrease of $3.30 billion compared to the prior year.”

restatements vs the 2024 10-K

All 11 of last year's figures are reprinted exactly as the 2024 10-K first reported them. Nothing was restated.

trace

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    "score": 53,
    "heading": "olidated financial statements. 49 Tesla, Inc. Consolidated Statements of Operations (in millions, except per share data)",
    "tableIndex": 20,
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  },
  "balance": {
    "rows": 40,
    "scale": 1000000,
    "score": 52.75,
    "heading": "ved as the Company’s auditor since 2005. 48 Tesla, Inc. Consolidated Balance Sheets (in millions, except per share data)",
    "tableIndex": 19,
    "runnerUpScore": 38.75
  },
  "cashflow": {
    "rows": 46,
    "scale": 1000000,
    "score": 54.5,
    "heading": "gral part of these consolidated financial statements. 52 Tesla, Inc. Consolidated Statements of Cash Flows (in millions)",
    "tableIndex": 23,
    "runnerUpScore": 8
  }
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  2. 1balance sheet agent2.29s · 1446 tokens · $0.0002
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      "note": "This is the cash and cash equivalents line for the current period.",
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      "value": 54941000000,
      "printed": "54,941",
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  3. 2cash flow agent2.49s · 1618 tokens · $0.0002
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      "note": "This is the operating section total after changes in operating assets and liabilities.",
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      "note": "This is the investing section total.",
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    {
      "note": "This is the financing section total.",
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      "value": 1139000000,
      "printed": "1,139",
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      "rowLabel": "Net cash provided by financing activities",
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  4. 3income statement agent2.79s · 1736 tokens · $0.0002
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    {
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      "note": "Total revenues is the company-wide revenue line.",
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      "printed": "94,827",
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      "note": "Income from operations is the statement’s operating income line.",
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    null
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  {
    "name": "totalEquity_attribution",
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  },
  {
    "name": "netIncome_before_preferred",
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    "fields": [
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  },
  {
    "name": "epsDiluted_total",
    "detail": "diluted EPS is for total net income",
    "fields": [
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  {
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      "netIncome"
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    "passed": true,
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  },
  {
    "name": "cash_flow_tie",
    "detail": "operating + investing + financing (+ FX) equals the net change in cash",
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      "operatingCashFlow",
      "investingCashFlow",
      "financingCashFlow"
    ],
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  6. 5MD&A claims agent2.96s · 2136 tokens · $0.0003
    null
    [
  {
    "kind": "amount_change",
    "field": "revenue",
    "quote": "In 2025, we recognized total revenues of $94.83 billion, representing a decrease of $2.86 billion compared to the prior year.",
    "scope": "consolidated",
    "actual": -2863000000,
    "reason": "Total revenue: \"Total revenues\" changed by -2863000000",
    "claimed": -2860000000,
    "verdict": "consistent",
    "asWritten": "$2.86 billion",
    "tolerance": 5000000,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "revenue",
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    "scope": "consolidated",
    "actual": 94827000000,
    "reason": "Total revenue: \"Total revenues\" is 94827000000 (prior year 97690000000)",
    "claimed": 94830000000,
    "verdict": "consistent",
    "asWritten": "$94.83 billion",
    "tolerance": 5000000,
    "quoteVerified": true
  },
  {
    "kind": "amount_change",
    "field": "netIncome",
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    "scope": "consolidated",
    "actual": -3297000000,
    "reason": "Net income attributable to the company: \"Net income attributable to common stockholders\" changed by -3297000000",
    "claimed": -3300000000,
    "verdict": "consistent",
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    "tolerance": 5000000,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
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    "scope": "consolidated",
    "actual": 3794000000,
    "reason": "Net income attributable to the company: \"Net income attributable to common stockholders\" is 3794000000 (prior year 7091000000)",
    "claimed": 3790000000,
    "verdict": "consistent",
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Income statement

table #20 · current period is figure column 1
0Year Ended December 31,
1202520242023
2Revenues
3Automotive sales65,82172,48078,509
4Automotive regulatory credits1,9932,7631,790
5Automotive leasing1,7121,8272,120
6Total automotive revenues69,52677,07082,419
7Energy generation and storage12,77110,0866,035
8Services and other12,53010,5348,319
9Total revenues← Total revenue94,82797,69096,773
10Cost of revenues
11Automotive sales56,26761,87065,121
12Automotive leasing8981,0031,268
13Total automotive cost of revenues57,16562,87366,389
14Energy generation and storage8,9697,4464,894
15Services and other11,5999,9217,830
16Total cost of revenues77,73380,24079,113
17Gross profit17,09417,45017,660
18Operating expenses
19Research and development6,4114,5403,969
20Selling, general and administrative5,8345,1504,800
21Restructuring and other494684-
22Total operating expenses12,73910,3748,769
23Income from operations← Operating income4,3557,0768,891
24Interest income1,6801,5691,066
25Interest expense(338)(350)(156)
26Other (expense) income, net(419)695172
27Income before income taxes5,2788,9909,973
28Provision for (benefit from) income taxes1,4231,837(5,001)
29Net income3,8557,15314,974
30Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries6162(23)
31Net income attributable to common stockholders← Net income attributable to the company3,7947,09114,997
32Net income per share of common stock attributable to common stockholders
33Basic1.182.234.73
34Diluted← Diluted EPS1.082.044.30
35Weighted average shares used in computing net income per share of common stock
36Basic3,2253,1973,174
37Diluted3,5283,4983,485

Balance sheet

table #19 · current period is figure column 1
0December 31,2025December 31,2024
1Assets
2Current assets
3Cash and cash equivalents← Cash and cash equivalents16,51316,139
4Short-term investments27,54620,424
5Accounts receivable, net4,5764,418
6Inventory12,39212,017
7Prepaid expenses and other current assets7,6155,362
8Total current assets68,64258,360
9Operating lease vehicles, net4,9125,581
10Energy generation and storage systems, net4,6044,924
11Property, plant and equipment, net40,64335,836
12Operating lease right-of-use assets6,0275,160
13Digital assets1,0081,076
14Deferred tax assets6,9256,524
15Other non-current assets5,0454,609
16Total assets← Total assets137,806122,070
17Liabilities
18Current liabilities
19Accounts payable13,37112,474
20Accrued liabilities and other13,27910,723
21Deferred revenue3,4243,168
22Current portion of debt and finance leases1,6402,456
23Total current liabilities31,71428,821
24Debt and finance leases, net of current portion6,7365,757
25Deferred revenue, net of current portion3,6313,317
26Other long-term liabilities12,86010,495
27Total liabilities← Total liabilities54,94148,390
28Commitments and contingencies (Note 13)
29Redeemable noncontrolling interests in subsidiaries5863
30Equity
31Stockholders’ equity
32Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding--
33Common stock; $0.001 par value; 6,000 shares authorized; 3,751 and 3,216 shares issued and outstanding as of December 31, 2025 and 2024, respectively33
34Additional paid-in capital42,77038,371
35Accumulated other comprehensive income (loss)361(670)
36Retained earnings39,00335,209
37Total stockholders’ equity← Total shareholders' equity attributable to the company82,13772,913
38Noncontrolling interests in subsidiaries670704
39Total liabilities and equity137,806122,070

Cash flow statement

table #23 · current period is figure column 1
0Year Ended December 31,
1202520242023
2Cash Flows from Operating Activities
3Net income3,8557,15314,974
4Adjustments to reconcile net income to net cash provided by operating activities:
5Depreciation, amortization and impairment6,1485,3684,667
6Stock-based compensation2,8251,9991,812
7Inventory and purchase commitments write-downs362335463
8Foreign currency transaction net unrealized loss (gain)452(73)(144)
9Deferred income taxes123477(6,349)
10Non-cash interest and other operating activities27217281
11Digital assets loss (gain), net68(589)-
12Changes in operating assets and liabilities:
13Accounts receivable(261)(1,083)(586)
14Inventory(630)937(1,195)
15Operating lease vehicles(25)(590)(1,952)
16Prepaid expenses and other assets(3,181)(3,273)(2,652)
17Accounts payable, accrued and other liabilities4,3763,5882,605
18Deferred revenue3635021,532
19Net cash provided by operating activities← Net cash from operating activities14,74714,92313,256
20Cash Flows from Investing Activities
21Purchases of property and equipment excluding finance leases, net of sales(8,527)(11,342)(8,899)
22Purchases of investments(37,109)(35,955)(19,112)
23Proceeds from maturities of investments30,15828,31012,353
24Proceeds from sales of investments-200138
25Business combinations, net of cash acquired--(64)
26Net cash used in investing activities← Net cash from investing activities(15,478)(18,787)(15,584)
27Cash Flows from Financing Activities
28Proceeds from issuances of debt5,5865,7443,931
29Repayments of debt(5,546)(2,500)(1,351)
30Proceeds from exercises of stock options and other stock issuances, net of issuance costs1,1861,241700
31Principal payments on finance leases(104)(381)(464)
32Proceeds received from directors in shareholder settlement277--
33Payment of legal fees associated with shareholder settlement(176)--
34Debt issuance costs(6)(14)(29)
35Distributions paid to noncontrolling interests in subsidiaries(78)(104)(144)
36Payments for buy-outs of noncontrolling interests in subsidiaries-(133)(54)
37Net cash provided by financing activities← Net cash from financing activities1,1393,8532,589
38Effect of exchange rate changes on cash and cash equivalents and restricted cash171(141)4
39Net increase (decrease) in cash and cash equivalents and restricted cash579(152)265
40Cash and cash equivalents and restricted cash, beginning of period17,03717,18916,924
41Cash and cash equivalents and restricted cash, end of period17,61617,03717,189
42Supplemental Non-Cash Investing and Financing Activities
43Acquisitions of property and equipment included in liabilities1,9131,4102,272
44Supplemental Disclosures
45Cash paid during the period for interest292277126