Tesla, Inc. (TSLA) — Company Research

Last Updated: 2026-05-10

Tesla closed FY2025 with two divergent stories under one roof: an automotive business under pricing and regulatory pressure that delivered lower revenue and thinner margins, and an energy generation and storage business that grew 27% with segment gross margin pushing to 29.8%. Total revenue dipped 2.93% to $94.83B and diluted EPS fell to $1.08 from $2.04, even as the company ended 2025 with $16.51B of cash & equivalents on the balance sheet (per the FY2025 10-K (Item 7, filed 2026-01-29): $44.06B including short-term investments) and $14.75B of operating cash flow. The investment narrative now hinges on three things: the autonomy stack (Robotaxi launched June 2025, Cybercab in development, Optimus humanoid robot), the energy storage scale-up, and a 2026 capital programme management has guided to exceed $20B.

1. Company Snapshot

Field	Value
Name	Tesla, Inc.
Ticker	TSLA (NMS)
Sector / Industry	Consumer Cyclical / Auto Manufacturers
Country	United States
Headquarters	1 Tesla Road, Austin, United States
Website	https://www.tesla.com
CEO	Mr. Elon R. Musk
Employees	134,785 (at 2025-12-31)
Market cap	~$1.609 trillion
Revenue (FY2025)	$94.83 billion
Fiscal year end	December

(Snapshot fields are sourced from JSON.company / JSON.price; headcount as of 2025-12-31.)

2. Bull Case vs Bear Case

Distilled from the rest of this article — these are factual summaries, not opinions or ratings.

Bull case

• Per the FY2025 10-K (Item 7, filed 2026-01-29): energy generation & storage segment revenue grew 27% YoY to $12.77B and segment gross margin expanded from 26.2% to 29.8%. The 10-K also reports 46.7 GWh of energy storage products deployed in 2025.
• Per the FY2025 10-K (Item 1, filed 2026-01-29): Tesla launched its Robotaxi service in June 2025 using Model Y vehicles, with Cybercab — a purpose-built autonomous vehicle — in development.
• Strong liquidity: $16.51B cash & equivalents (JSON), and per the FY2025 10-K (Item 7, filed 2026-01-29) the company ended 2025 with $44.06B of cash, cash equivalents and investments — including $27.55B of short-term investments.
• Operating cash flow of $14.75B in FY2025 funded $8.53B of capex, leaving $6.22B of free cash flow (JSON).
• Q3 2025 revenue of $28.10B and net income of $1.37B (JSON) showed the business retains scale earnings power when product mix and deliveries align.

Bear case

• FY2025 revenue fell 2.93% YoY (JSON); diluted EPS fell to $1.08 from $2.04, a 47.06% decline (JSON).
• Per the FY2025 10-K (Item 7, filed 2026-01-29): automotive sales revenue decreased $6.66B (9%) YoY on lower deliveries and lower average selling price; total automotive gross margin slipped from 18.4% to 17.8%.
• Per the FY2025 10-K (Item 7, filed 2026-01-29): automotive regulatory credit revenue fell 28% YoY to $1.99B, with management citing OBBBA-related restrictions — a high-margin revenue stream is shrinking.
• Trailing P/E of 396.62 and EV/Revenue of 16.67 (JSON) imply a substantial premium to current run-rate earnings.
• Per the FY2025 10-K (Item 7, filed 2026-01-29): 2026 capex is guided to exceed $20B (vs. $8.53B in 2025), and the same MD&A flags both tariff and OBBBA impacts on demand and supply chain.

3. What Does This Company Actually Do?

Tesla designs, develops, manufactures and sells electric vehicles and energy generation and storage products. Per the FY2025 10-K (Item 1, filed 2026-01-29) the company operates two reportable segments — automotive and energy generation and storage — and currently manufactures five consumer vehicles (Model 3, Model Y, Model S, Model X, Cybertruck), the commercial Tesla Semi, plus Megapack and Powerwall battery storage products and solar panels and Solar Roof. Per the same filing, Tesla launched its Robotaxi autonomous ride-hailing service in June 2025 using Model Y vehicles, with the purpose-built Cybercab in development.

FY2025 revenue mix (per the FY2025 10-K (Item 7, filed 2026-01-29)):

Line item	FY2025 ($M)	% of total
Automotive sales	65,821	69.4%
Automotive regulatory credits	1,993	2.1%
Automotive leasing	1,712	1.8%
Services and other	12,530	13.2%
Total automotive & services and other	82,056	86.5%
Energy generation and storage	12,771	13.5%
Total revenue	94,827	100.0%

Geographic split — per the FY2025 10-K (Item 8, filed 2026-01-29):

Region	FY2025 revenue ($M)	% of total
United States	47,627	50.2%
China	20,962	22.1%
Other international	26,238	27.7%
Total	94,827	100.0%

The U.S. and China alone account for 72.3% of FY2025 revenue.

4. The Business Model

How they make money. The automotive and services segment generated 86.5% of FY2025 revenue per the FY2025 10-K (Item 7, filed 2026-01-29). Per the FY2025 10-K (Item 1, filed 2026-01-29), Tesla sells direct via owned stores and the company website rather than a franchised dealer network — a structure that, per the same filing, has drawn legal and legislative challenges from automobile dealer trade associations in some U.S. states. The "services and other" line ($12.53B in FY2025 per the FY2025 10-K (Item 7, filed 2026-01-29)) covers used-vehicle sales, paid Supercharging, automotive insurance, non-warranty service and parts. The energy segment sells Megapack and Powerwall battery storage and solar generation products to residential, commercial, industrial and utility customers, including via channel partners and PPAs.

Margins. Consolidated gross margin was 18.03% in FY2025 (JSON). Per the FY2025 10-K (Item 7, filed 2026-01-29): automotive gross margin was 17.8% (down from 18.4% in 2024), while energy generation & storage gross margin rose to 29.8% (from 26.2%). Operating margin was 4.59% (JSON; operating income $4,355M on revenue $94,827M). Per the FY2025 10-K (Item 7, filed 2026-01-29): R&D rose 41% to $6.41B (7% of revenue, vs. 5% prior year), SG&A rose 13% to $5.83B, and the company recognised $494M of restructuring expense in FY2025 — including $390M tied to "convergence of AI chip design efforts" and charges for "supercomputer assets, contract terminations and employee terminations".

Subsidy and regulatory credit dependency. Per the FY2025 10-K (Item 7, filed 2026-01-29), automotive regulatory credit revenue was $1,993M in FY2025 (about 2.1% of total revenue) and dropped 28% YoY ($770M decline). Per the same MD&A, the One Big Beautiful Bill Act ("OBBBA"), enacted on July 4, 2025, "repeals individual consumer tax credits for electric vehicles and residential energy property" and has "restricted certain regulatory credit programs tied to our products". Per the FY2025 10-K (Item 8, filed 2026-01-29), this contributed to a $3.84B decrease in remaining performance obligations on regulatory credit contracts as of 2025-12-31. Because the credits carry "negligible incremental costs" per the same Note, their decline pulls disproportionately at gross profit relative to their share of the top line.

Moat and supply chain. Per the FY2025 10-K (Item 1, filed 2026-01-29): manufacturing footprint spans California, New York, Texas and Nevada in the U.S. plus Shanghai (China) and Berlin (Germany); Tesla's in-house lithium refinery in Texas began operations in January 2026; and the company announced a Samsung collaboration to manufacture advanced semiconductors for AI inference and training in the U.S. The same filing flags single-source suppliers for some components and exposure to lithium, nickel, copper, aluminium and steel pricing.

5. Financial Health

Five-year P&L and balance sheet (USD millions, from JSON). Pre-FY2022 detail other than operating income is not disclosed in this report's source data; only FY2021 operating income of $6,523M is in the JSON.

Metric	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	n/a	81,462	96,773	97,690	94,827
Gross profit	n/a	20,853	17,660	17,450	17,094
Operating income	6,523	13,656	8,891	7,076	4,355
Net income	n/a	12,583	14,999	7,130	3,794
Diluted EPS ($)	n/a	3.62	4.31	2.04	1.08
Operating cash flow	n/a	14,724	13,256	14,923	14,747
Capex	n/a	(7,172)	(8,899)	(11,342)	(8,527)
Free cash flow	n/a	7,552	4,357	3,581	6,220
Cash & equivalents (yr-end)	n/a	16,253	16,398	16,139	16,513
Total debt (yr-end, JSON definition)	n/a	5,748	9,573	13,623	14,719
Total equity (yr-end)	n/a	44,704	62,634	72,913	82,137
Diluted shares (M)	n/a	3,475	3,483	3,216	3,526

(JSON's "total_debt" definition is broader than the 10-K's principal-only debt of $8.18B at 2025-12-31; the JSON figure includes operating lease liabilities and similar items. The JSON value is reported here for consistency with all balance-sheet rows in this table.)

The FY2023 net income of $14,999M includes a $5,001M income tax benefit (JSON), reflecting a -50% effective tax rate that year per the FY2025 10-K (Item 7, filed 2026-01-29). The FY2024 effective tax rate was 20%; in FY2025 it rose to 27% per the same MD&A. Tesla does not pay a dividend (JSON.price.dividend_yield = null), and JSON does not disclose stock buybacks.

Quarterly revenue and gross margin — last five reported quarters (JSON):

Quarter end	Revenue ($M)	Gross profit ($M)	Gross margin	Operating income ($M)	Net income ($M)	Diluted EPS ($)
2025-03-31	19,335	3,153	16.31%	493	409	0.12
2025-06-30	22,496	3,878	17.24%	923	1,172	0.33
2025-09-30	28,095	5,054	17.99%	1,862	1,373	0.39
2025-12-31	24,901	5,009	20.12%	1,571	840	0.24
2026-03-31	22,387	4,720	21.08%	941	477	0.13

Gross margin is computed as gross profit / revenue from the JSON values. The trend from Q1 2025 through Q1 2026 shows consolidated gross margin recovering from 16.31% to 21.08%, even as quarterly revenue stepped down from a Q3 2025 peak of $28.10B back to $22.39B in Q1 2026.

6. Valuation & Market Data

Metric	Value	Source / note
Price (close, 2026-05-09)	$428.35	JSON.price
Previous close	$411.81	JSON.price
Day range (2026-05-09)	$416.39 – $431.20	JSON.price
Volume (2026-05-09)	63,479,076	JSON.price
Average 10-day volume	55,858,540	JSON.price
52-week high	$498.83	JSON.price
52-week low	$273.21	JSON.price
Market cap	$1.6088 trillion	JSON.price
Enterprise value	$1.5806 trillion	JSON.price
Shares outstanding	3,755,723,871	JSON.price
Float	2,815,929,087	JSON.price
Beta	1.793	JSON.price
P/E (trailing)	396.62	JSON.ratios
P/E (forward, yfinance)	168.95	JSON.price
P/S (trailing)	16.97	JSON.ratios
P/B	19.59	JSON.ratios
EV / Revenue	16.67	JSON.ratios
EV / EBITDA proxy	362.94	JSON.ratios (D&A unavailable; EV / operating income proxy)
FCF yield	0.39%	JSON.ratios
Gross margin	18.03%	JSON.ratios
Operating margin	4.59%	JSON.ratios
Net margin	4.00%	JSON.ratios
ROE	4.62%	JSON.ratios
ROA	2.75%	JSON.ratios
Debt / equity (JSON definition)	0.18	JSON.ratios
Current ratio	2.16	JSON.ratios
Dividend yield	None (no dividend)	JSON.price

Short interest, percent of float short, days-to-cover and put/call ratio are not disclosed in this report's source data. Raw values are presented above without commentary on cheap/expensive.

7. What Are They Building / What's Coming?

• Robotaxi service. Per the FY2025 10-K (Item 1, filed 2026-01-29), Tesla launched its Robotaxi autonomous ride-hailing service in June 2025 using Model Y vehicles. Per the same filing, Cybercab — the purpose-built Robotaxi vehicle — is in development.
• Optimus humanoid robot. Per the FY2025 10-K (Item 1, filed 2026-01-29), Optimus is described as "a general purpose, autonomous humanoid robot in development", and Tesla is "applying our artificial intelligence learnings from self-driving technology to Bots".
• Energy storage product launches. Per the FY2025 10-K (Item 7, filed 2026-01-29), Tesla "introduced Megapack 3 and Megablock, our next-generation industrial storage product" in 2025, and per the FY2025 10-K (Item 1, filed 2026-01-29) began manufacturing a new residential retrofit solar panel that began initial customer deliveries in January 2026. The same filing notes 46.7 GWh of energy storage products deployed in 2025 (per the FY2025 10-K, Item 7, filed 2026-01-29).
• Megafactory expansion. Per the FY2025 10-K (Item 7, filed 2026-01-29): ramps continue at Megafactories in Shanghai and Lathrop, California, with construction underway on a new Megafactory near Houston, Texas.
• AI compute infrastructure. Per the FY2025 10-K (Item 1, filed 2026-01-29): Tesla expanded "Cortex, our training cluster at Gigafactory Texas", is currently building "Cortex 2" to further increase AI training capacity, and announced a collaboration with Samsung to manufacture advanced semiconductors for AI inference and training in the U.S. Per the FY2025 10-K (Item 7, filed 2026-01-29): 2026 capex is guided to exceed $20B "driven by our AI initiatives, including investments in compute infrastructure and data centers".
• Vertical integration. Per the FY2025 10-K (Item 1, filed 2026-01-29): the in-house lithium refinery in Texas began operations in January 2026; the company expects to ramp six new production lines in 2026 across vehicle, Bots, energy storage and battery manufacturing.
• xAI minority equity investment. Per the FY2025 10-K (Item 7, filed 2026-01-29): "the Company entered into an agreement in January 2026 to make a minority equity investment" referenced under Item 9B — xAI Investment.
• Terafab AI chip initiative. A multibillion-dollar Terafab chip manufacturing initiative with SpaceX and xAI was reported on 2026-05-09 alongside a rebound in China-made Model 3 and Model Y April sales and Tesla's largest-ever Tesla Semi truck order (https://finance.yahoo.com/markets/stocks/articles/tesla-tsla-7-9-china-221533960.html).
• Tesla Diner. Per the FY2025 10-K (Item 1, filed 2026-01-29): Tesla opened its first "Tesla Diner" in California in 2025, offering Supercharging plus Tesla-themed food and merchandise.
• Insurance expansion. Per the FY2025 10-K (Item 1, filed 2026-01-29): Tesla's insurance products were available in 13 states at year-end 2025, with planned market expansion as part of total-cost-of-ownership reduction.
• Energy financing. Per the FY2025 10-K (Item 1, filed 2026-01-29): a new energy lease product was launched in Q4 2025 covering solar and Powerwall systems.

8. Competitive Landscape

Per the FY2025 10-K (Item 1, filed 2026-01-29), Tesla's automotive competitors include "internal combustion vehicles from more established automobile manufacturers" alongside the growing list of EV-focused entrants in the U.S., China and Europe; the same filing notes hybrid and plug-in hybrid alternatives as additional competition. In autonomy, per the same Item 1, Tesla expects Robotaxi to compete with "traditional ride-hailing and taxi services" along with other AV operators, "through continued progress on our FSD (Supervised) and neural network capabilities, Supercharger network and infotainment offerings". In energy, per the FY2025 10-K (Item 1, filed 2026-01-29), competition spans traditional utilities and "established and emerging companies" in storage and solar, with Tesla competing on "price, energy density, efficiency, optimization and performance".

Named competitor market shares — for global EV sales, automotive segments or grid-scale battery storage — are not disclosed in this report's source data, and the 10-K extract does not quote third-party share data for any direct competitor. A quantitative competitor share visualisation cannot be drawn cleanly from primary sources here.

Recent news in this report's window references the comparative-positioning of EV peers: - Lucid Group's pivot to Uber-backed robotaxi business framing — https://www.barchart.com/story/news/1827661/for-lucid-motors-stock-robotaxis-are-now-the-whole-story - An EV cross-comparison of Tesla, Rivian and Lucid — https://www.fool.com/investing/2026/05/09/better-ev-stock-tesla-vs-rivian-vs-lucid/

9. Leadership and Ownership

Named executives and directors (per JSON.company.ceo and JSON.holders.insider_transactions):

• Elon R. Musk — Chief Executive Officer (per JSON.company.ceo).
• Vaibhav Taneja — Chief Financial Officer (per JSON.holders.insider_transactions, position field).
• Xiaotong Zhu — Officer (per JSON.holders.insider_transactions).
• Kathleen Wilson-Thompson — Director (per JSON.holders.insider_transactions).
• James Rupert Murdoch — Director (per JSON.holders.insider_transactions).

Total employee headcount at 2025-12-31 was 134,785 (JSON; corroborated per the FY2025 10-K (Item 1, filed 2026-01-29)). Per the FY2025 10-K (Item 1, filed 2026-01-29): 92% of employees are included in total rewards packages with stock ownership opportunities, over 29,000 employees globally advanced their careers in 2025, 69% of managers were promoted internally, and the "Pulse" employee survey saw 86% global participation.

Top institutional holders (as of 2025-12-31, JSON):

Holder	Shares	% held	Reported value ($)
Vanguard Group Inc	258,925,024	6.89%	110,910,535,610
BlackRock Inc.	209,563,808	5.58%	89,766,658,435
State Street Corporation	114,842,934	3.06%	49,192,971,479
Geode Capital Management, LLC	65,700,975	1.75%	28,143,013,042
JPMorgan Chase & Co	44,591,616	1.19%	19,100,818,985
Capital World Investors	42,484,452	1.13%	18,198,215,273
FMR, LLC	39,484,462	1.05%	16,913,169,538
Norges Bank	38,086,143	1.01%	16,314,199,586
Morgan Stanley	35,783,015	0.95%	15,327,654,693
Goldman Sachs Group Inc	27,419,658	0.73%	11,745,210,671

The top three holders alone (Vanguard, BlackRock, State Street) account for 15.53% of shares outstanding.

Recent insider transactions (JSON.holders.insider_transactions):

Date	Insider	Position	Shares	Value ($)
2026-04-30	Wilson-Thompson, Kathleen	Director	26,409	9,985,390
2026-04-30	Wilson-Thompson, Kathleen	Director	40,948	613,811
2026-03-31	Zhu, Xiaotong	Officer	20,000	411,400
2026-03-30	Wilson-Thompson, Kathleen	Director	25,809	9,273,888
2026-03-30	Wilson-Thompson, Kathleen	Director	40,000	599,600
2026-03-06	Taneja, Vaibhav	Chief Financial Officer	2,264	899,077
2026-03-05	Taneja, Vaibhav	Chief Financial Officer	6,538	n/a
2026-02-25	Wilson-Thompson, Kathleen	Director	25,731	10,692,814
2026-02-25	Wilson-Thompson, Kathleen	Director	40,000	599,600
2026-01-02	Murdoch, James Rupert	Director	60,000	26,723,781

The transaction-direction field (acquire vs. dispose) and 10b5-1-plan vs. discretionary classification are not present in this report's source data — the "transaction" field is empty in the JSON. The implied per-share values diverge sharply within paired same-day filings (e.g. ~$378/share for one of Wilson-Thompson's 4/30 lines vs. ~$15/share on the other), which is consistent with paired option-exercise and disposition reporting, but the source data does not explicitly classify the legs.

10. Risks and Challenges

Per the FY2025 10-K (Item 1A, filed 2026-01-29) and the FY2025 10-K (Item 7, filed 2026-01-29):

• Regulatory credit revenue erosion. Auto regulatory credit revenue fell 28% to $1.99B in FY2025 per the FY2025 10-K (Item 7, filed 2026-01-29), with management citing "governmental and regulatory actions, such as OBBBA". Per the FY2025 10-K (Item 8, filed 2026-01-29), remaining performance obligations on regulatory credit contracts dropped $3.84B as of 2025-12-31.
• Removal of EV consumer tax credits. Per the FY2025 10-K (Item 1, filed 2026-01-29), the OBBBA, enacted on July 4, 2025, "repeals individual consumer tax credits for electric vehicles and residential energy property". Per the FY2025 10-K (Item 7, filed 2026-01-29), management states this "may also impact consumer demand for electric vehicles in general". Per the same Item 1, residential storage and solar credits expired on December 31, 2025; commercial credits remain available subject to phase-out (storage typically through 2034 or later; solar generally for facilities placed in service after December 31, 2027, with limited transition exceptions).
• Tariffs and trade policy. Per the FY2025 10-K (Item 7, filed 2026-01-29): "the current tariff regime will have a relatively larger impact on our energy generation and storage business compared to our automotive business", and the same MD&A flags that import tariffs and OBBBA provisions "could significantly increase battery cell expenses and impact costs for our consumers".
• Capital-allocation step-up. Per the FY2025 10-K (Item 7, filed 2026-01-29): 2026 capex is guided to exceed $20B vs. $8.53B reported in 2025 (JSON), tied largely to AI compute and data centres. Execution slip or weaker operating cash flow would force a funding decision, including potential debt issuance.
• Single-source supplier and component risk. Per the FY2025 10-K (Item 1A, filed 2026-01-29): products "contain thousands of parts purchased globally from hundreds of suppliers, including single-source direct suppliers"; the same section notes that escalating AI compute demand "may prove insufficient in scale or affordability to meet our requirements".
• Autonomy regulatory patchwork. Per the FY2025 10-K (Item 1, filed 2026-01-29): U.S. state-by-state, ECE-country and Chinese rule-making for autonomous vehicles and autonomous ride-hailing creates legal and operational complexity for the Robotaxi roll-out, including licensing, permits and competition prohibitions.
• Direct-sales legal challenges. Per the FY2025 10-K (Item 1, filed 2026-01-29): Tesla's direct-to-consumer model continues to face legal and legislative challenges from automobile dealer trade associations in some U.S. states, with active litigation and lobbying intended to limit store openings or warranty service.
• Foreign exchange and digital-asset volatility. Per the FY2025 10-K (Item 7, filed 2026-01-29): Other (expense)/income, net swung $1.11B unfavourably YoY in FY2025, primarily from bitcoin mark-to-market and intercompany FX exposure.
• Geographic concentration. Per the FY2025 10-K (Item 8, filed 2026-01-29): the U.S. accounted for 50.2% of FY2025 revenue and China 22.1% — combined 72.3% from two markets each carrying their own trade-policy and demand exposure.
• Restructuring charges from AI chip strategy shift. Per the FY2025 10-K (Item 7, filed 2026-01-29): $390M of charges were recognised in H2 2025 from convergence of AI chip design efforts, including "supercomputer assets, contract terminations and employee terminations". Total restructuring expense for the year was $494M.
• Recall risk. A recall of 218,868 vehicles for delayed rearview-camera images was reported on 2026-05-06 by NHTSA per the article published 2026-05-09 (https://finance.yahoo.com/markets/stocks/articles/tesla-tsla-best-quality-stock-101402026.html).

11. Recent Developments

Items below are from JSON.recent_news with URLs copied byte-for-byte from the source data.

• 2026-05-09 — Simply Wall St. "Tesla (TSLA) Is Up 7.9% After China EV Rebound and Terafab AI Chip Push - What's Changed". Reports a sharp rebound in China-made Model 3 and Model Y April sales, Tesla's largest-ever Tesla Semi truck order, and a multibillion-dollar Terafab chip manufacturing initiative with SpaceX and xAI. https://finance.yahoo.com/markets/stocks/articles/tesla-tsla-7-9-china-221533960.html
• 2026-05-09 — Insider Monkey. "Is Cathie Wood Still Hopeful About Tesla (TSLA)?" — coverage of Cathie Wood's continued positioning of Tesla among her top AI / data-centre picks. https://finance.yahoo.com/markets/stocks/articles/cathie-wood-still-hopeful-tesla-220601937.html
• 2026-05-09 — Benzinga. "Elon Musk Fires Back As Calls To Tax Billionaires Grow Louder, Says Paid More Taxes Than 'Anyone In History'" — Musk responded to lawmakers' billionaire-tax proposals, citing he "paid over $10B in taxes in a single year". https://www.yahoo.com/news/articles/elon-musk-fires-back-calls-213116988.html
• 2026-05-09 — Benzinga. "Elon Musk Says 'I Hope Civilization's Around in 100 Years' But If It Is, Expect It To Look Super Different With 10x's More Humanoid Robots Than Humans" — Musk discussed his vision of humanoid-robot adoption outpacing human labour. https://finance.yahoo.com/sectors/technology/articles/elon-musk-says-hope-civilizations-190051588.html
• 2026-05-09 — TheStreet. "Cathie Wood predicts 'voracious' appetite for 'volatile' SpaceX IPO" — references demand for an eventual SpaceX listing. https://www.thestreet.com/crypto/markets/cathie-wood-predicts-voracious-appetite-for-volatile-spacex-ipo
• 2026-05-09 — Barchart. "For Lucid Motors Stock, Robotaxis Are Now the Whole Story" — competitor framing on Lucid's robotaxi pivot. https://www.barchart.com/story/news/1827661/for-lucid-motors-stock-robotaxis-are-now-the-whole-story
• 2026-05-09 — Motley Fool. "Bullish on Robotaxis? This Is the Stock To Buy (Hint: It's Not Tesla or Alphabet)" — robotaxi sector framing. https://www.fool.com/investing/2026/05/09/bullish-on-robotaxis-this-is-the-stock-to-buy-hint/
• 2026-05-09 — Insider Monkey. "Is Tesla (TSLA) the Best Quality Stock to Buy and Hold for the Next 5 Years?" — references the 2026-05-06 NHTSA recall of 218,868 U.S. vehicles for delayed rearview-camera images. https://finance.yahoo.com/markets/stocks/articles/tesla-tsla-best-quality-stock-101402026.html
• 2026-05-09 — Motley Fool. "3 Monster Stocks to Hold for the Next 10 Years" — Tesla among long-term names discussed. https://www.fool.com/investing/2026/05/09/3-monster-stocks-to-hold-for-the-next-10-years/
• 2026-05-09 — Motley Fool. "Better EV Stock: Tesla vs. Rivian vs. Lucid" — competitive EV framing. https://www.fool.com/investing/2026/05/09/better-ev-stock-tesla-vs-rivian-vs-lucid/

In addition, per the FY2025 10-K (Item 7, filed 2026-01-29), corporate-disclosed events in the trailing six-month window include: launch of a new energy lease product in Q4 2025; introduction of Megapack 3 and Megablock; first deliveries of the new residential retrofit solar panel in January 2026; commissioning of the in-house lithium refinery in Texas in January 2026; and the January 2026 minority equity investment agreement in xAI.

Per JSON.sec_filings, recent SEC filings include the 10-Q filed 2026-04-23 (for the quarter ended 2026-03-31), 8-Ks filed 2026-04-22, 2026-04-02, 2026-01-28 and 2026-01-02, and the FY2025 10-K filed 2026-01-29.

12. Key Dates Coming Up

Date	Event	Source
2026-07-22	Next earnings date	JSON.calendar.next_earnings_date
Quarterly	10-Q filing cadence (most recent 10-Q for Q1 2026 filed 2026-04-23)	JSON.sec_filings

JSON does not provide an ex-dividend date or dividend payment date — Tesla does not pay a regular cash dividend. Annual meeting, product launch and regulatory milestone dates beyond those listed above are not disclosed in this report's source data.

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Disclaimer. This research is built from primary sources: Tesla's FY2025 10-K filed 2026-01-29, the JSON data extract dated 2026-05-09, and the news headlines linked above (URLs reproduced byte-for-byte from the source). It contains no analyst opinions, no price targets and no buy/sell/hold ratings. Forward-looking statements are attributed to the company. Numerical figures and percentages trace to the source data. Where information is noted as "not disclosed in this report's source data", refer to Tesla's filings directly at https://ir.tesla.com.