Consumer Discretionary · Automobile Manufacturers · US stock · price as of 16 Oct 2026
Key indicators
Price
$354.72
52-week range
$297.38 – $498.83
Market cap
$1.26T
P/E (trailing)
329.4×
EV / EBITDA
279.3×
Free-cash-flow yield
0.5%
Dividend yield
–
Revenue (last 12 months)
$103.6B
Revenue growth (3y a year)
5.2%
Operating margin
4.2%
Return on invested capital
6.2%
Net debt / EBITDA
-7.9×
Fair value
Blended fair value$58.82 range $56 – $62
Versus priceData under review+0% to fair value
Peer multiples
$49.87
Fundamentals-adjusted multiple
$66.20
10-year DCF (market-scaled)
$60.39
Earnings power value (floor, not blended)
$25.90
Model uncertainty
Medium
X-Ray Score
28/ 100 · High confidence · ahead of 2% of sector peers
Valuation4
Growth20
Profitability27
Financial health65
Dividends–
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Electric vehicles are the main business of Tesla, which designs, makes and markets them, along with energy storage and solar products. Its cars are offered directly to consumers and businesses through its own stores and website, and it runs a network of fast chargers. Its energy business supplies home batteries and large grid-scale storage systems. The company also provides vehicle software, insurance and service, and it reports two segments covering automotive and energy generation and storage.
Vehicle deliveries are the main source of revenue, with energy storage, services and software adding to the total. Revenue was $103.6 billion over the last twelve months and has grown at 5.2% a year across the last three years. The operating margin is 4.2% and the business earns 6% on the capital invested in it. Net debt is -7.9 times EBITDA, which means the company holds more cash than debt. No dividend is paid.
StocksXray gives Tesla, Inc. an X-Ray Score of 28 out of 100 (high confidence), ahead of 2% of the S&P 500 stocks in its sector. Its strongest lens is financial health (65) and its weakest is valuation (4).
Our fair value blend is $58.82 (range $55.68 to $62.22). At $354.72 the stock trades 503% above that blend, so the label is "Data under review" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Tesla, Inc. (TSLA)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$352.26
$123.18
$248.48
$403.84
$449.72
$354.72
Market cap
$1.19T
$428.1B
$866.0B
$1.41T
$1.59T
$1.26T
P/E
216.1×
34.0×
57.8×
198.0×
416.4×
329.4×
EV / revenue
21.9×
5.0×
8.7×
14.2×
16.4×
11.8×
EV / EBITDA
181.1×
29.9×
94.7×
195.7×
356.2×
279.5×
Price / free cash flow
237.8×
56.6×
198.7×
394.5×
255.1×
217.9×
Free-cash-flow yield
0.4%
1.8%
0.5%
0.3%
0.4%
0.5%
Price / book
39.5×
9.6×
13.8×
19.4×
19.3×
14.5×
Dividend yield
–
–
–
–
–
–
Fundamentals checklist ● 4 Good · ● 3 Average · ● 9 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−10.0%Good
Free-cash-flow yield0.5%Bad
Risk models
Altman Z score4.1×Good
Piotroski F-Score6 of 9Average
Growth
EPS growth (3y)−33.2%Bad
Free-cash-flow growth (3y)−6.3%Bad
Revenue growth (3y)5.2%Average
Growth consistency60%Bad
Balance sheet
Current ratio1.9×Good
Net debt / EBITDA-7.9×Good
Interest cover13.1×Average
Valuation
Fair value vs price0.2×Bad
EBIT / EV yield0.4%Bad
Profitability
Return on invested capital6.2%Bad
Operating margin4.2%Bad
Gross profitability13.2%Bad
XStocksXray
Tesla, Inc. (TSLA)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
53,823
81,462
96,773
97,690
94,827
103,619
Gross profit
13,606
20,853
17,660
17,450
17,094
19,534
Operating income
6,523
13,656
8,891
7,076
4,355
4,372
Net income
5,519
12,556
14,997
7,091
3,794
3,804
Diluted EPS ($)
1.63
3.62
4.30
2.04
1.08
1.08
Free cash flow
5,015
7,566
4,357
3,581
6,220
5,762
Gross margin
25.3%
25.6%
18.2%
17.9%
18.0%
18.9%
Operating margin
12.1%
16.8%
9.2%
7.2%
4.6%
4.2%
Net margin
10.3%
15.4%
15.5%
7.3%
4.0%
3.7%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
62,131
82,338
106,618
122,070
137,806
148,524
Cash
17,576
16,253
16,398
16,139
16,513
15,219
Total debt
5,342
2,045
4,657
7,878
8,153
9,061
Equity
30,189
44,704
62,634
72,913
82,137
86,858
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.