Stock Analysis on Net
Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

$24.99

Operating Profit Margin
since 2010

Microsoft Excel

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Calculation

Tesla Inc., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Income (loss) from operations1 ÷ Revenues1
Dec 31, 2024 = 100 × ÷
Dec 31, 2023 = 100 × ÷
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).

1 US$ in millions

Revenues
Revenues exhibited a strong upward trajectory from 2010 through 2024. Starting at a modest level of 117 million USD in 2010, revenues rose sharply, particularly after 2013. The growth accelerated substantially from 2017 onward, reaching a peak of 97,773 million USD in 2024. This reflects consistent and significant expansion in sales volume or pricing power over the period.
Income (loss) from operations
Operating income (loss) showed considerable variability throughout the period. Negative operating results persisted from 2010 through 2019, with losses reaching a peak magnitude in 2017 at -1,632 million USD. Beginning in 2020, the company transitioned to positive operating income, achieving 1,994 million USD and continuing to increase substantially, peaking at 13,656 million USD in 2022. After 2022, operating income decreased but remained positive through 2024.
Operating profit margin (%)
Operating profit margins were predominantly negative from 2010 until 2019, aligning with the observed operating losses. Margins improved significantly starting in 2020, turning positive at 6.32%. The margin peaked at 16.76% in 2022, indicating enhanced operational efficiency or higher profitability relative to revenues. A decline occurred after 2022, with margins tapering to 9.19% in 2023 and further to 7.24% in 2024, though remaining above historical negative levels.
Overall Trends and Insights
The data exhibits a transition from a period of operational losses and negative margins to sustained profitability and margin expansion. This shift coincides with rapid revenue growth beginning in the mid-2010s, suggesting scaling benefits or improved cost management. Despite the decrease in operating profit and margin after 2022, the company maintained positive operational results through 2024, signifying resilience in profitability amid possibly changing market conditions or cost pressures.

Comparison to Competitors

Tesla Inc., operating profit margin, long-term trends, comparison to competitors

Microsoft Excel
Tesla Inc. Ford Motor Co. General Motors Co.
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).