Short answer
Tesla Inc (TSLA) filed its fiscal 2025 10-K annual report with the SEC on Jan 29, 2026. It reported revenue of $94.8B (−2.9% year over year) and net income of $3.8B.
- Top risk flagged: Cybersecurity risk management overseen quarterly by Audit Committee with updates on incidents and mitigation from senior security and legal leaders
FY2025 key financial metrics · XBRL
- Revenue
- $94.8B
- −2.9% YoY
- Net income
- $3.8B
- −46.5% YoY
- Operating margin
- 4.6%
- −2.7 pp YoY
- Gross margin
- 18.0%
- +0.2 pp YoY
- EPS (diluted)
- $1.08
- −47.1% YoY
- ROE
- 4.6%
- −5.1 pp YoY
- Operating cash flow
- $14.7B
- −1.2% YoY
Source: XBRL data from the Tesla Inc (TSLA) FY2025 10-K on SEC EDGAR. USD.
Tesla Inc FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Design, manufacture, and direct sale of high-performance electric vehicles and AI-enhanced energy generation and storage systems
- New offerings: 2025 launch of Robotaxi autonomous ride-hailing service and initial deliveries of new residential retrofit solar panel in January 2026
- Strategic shift: Increasing focus on AI-driven service business models (Robotaxi, FSD subscriptions) and vertical integration including in-house lithium refinery started January 2026
- Notable metric: Expansion of AI training compute infrastructure with Cortex 2 at Gigafactory Texas; six new production lines across vehicles, Bots, energy storage, and battery manufacturing ramping in 2026
- Unique fact: Opened first Tesla Diner in 2025 offering Supercharging combined with Tesla-themed dining and merchandise as part of customer experience enhancement
Management Discussion & Analysis
- Revenue $94.83B in 2025, down $2.86B YoY
- Net income $3.79B in 2025, down $3.30B YoY; operating margin details not quantified explicitly
- Automotive segment leading: ~1.64M vehicles delivered; Energy storage deployed 46.7 GWh, tariff impact heavier here
- Operating cash flow $14.75B down $176M YoY; Capex $8.53B down $2.82B YoY; cash & equivalents $44.06B up $7.50B
- 2026 capex guidance >$20B, driven by AI, manufacturing expansion, and infrastructure; risks from trade policies and inflation impacting demand and costs
Risk Factors
- Cybersecurity risk management overseen quarterly by Audit Committee with updates on incidents and mitigation from senior security and legal leaders
- Board engagement in cybersecurity strategy via ad hoc discussions on emerging threats and risk management updates
- Experienced information security team averaging 16 years managing technology and cybersecurity risks
Generated from the filing text; verify against the original. How to read a 10-K
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