Price to Earnings (P/E)
since 2010
Paying user area
Try for free
Tesla Inc. pages available for free this week:
- Cash Flow Statement
- Analysis of Liquidity Ratios
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2010
- Current Ratio since 2010
- Price to Operating Profit (P/OP) since 2010
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Tesla Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Calculation
Tesla Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to common stockholders1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 29, 2026 | = | ÷ | = | ÷ | |||||||
| Jan 30, 2025 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2024 | = | ÷ | = | ÷ | |||||||
| Jan 31, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 7, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 8, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 13, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 19, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2018 | = | ÷ | = | ÷ | |||||||
| Mar 1, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2014 | = | ÷ | = | ÷ | |||||||
| Mar 7, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2012 | = | ÷ | = | ÷ | |||||||
| Mar 3, 2011 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Tesla Inc. Annual Report.
The presented financial information reveals a significant evolution in the price-to-earnings (P/E) ratio over the observed period. Initially, the P/E ratio is not calculable due to negative earnings per share (EPS). A transition to positive earnings occurs in 2021, marking a pivotal shift in the company’s valuation.
- Early Period (2011-2020)
- From 2011 through 2020, the company consistently reported negative EPS. Consequently, a meaningful P/E ratio could not be determined during these years. Share price exhibited volatility, ranging from a low of $1.62 to a high of $53.60, but these fluctuations were not reflected in a conventional P/E valuation.
- P/E Ratio Emergence (2021-2026)
- The year 2021 witnessed the first positive EPS value of $0.25, resulting in a very high P/E ratio of 1,149.47. This exceptionally high value suggests substantial investor optimism relative to current earnings. The P/E ratio decreased substantially to 169.91 in 2022, coinciding with a significant increase in EPS to $1.78. Further increases in EPS to $3.97 and $4.71 in 2023 and 2024 led to P/E ratios of 43.65 and 40.55 respectively, indicating a continued, though moderating, valuation. A subsequent decline in EPS to $2.20 in 2025 resulted in a P/E ratio of 181.57, and a further decrease in EPS to $1.01 in 2026 led to a P/E ratio of 412.00. This suggests that investor expectations are highly sensitive to changes in earnings.
The P/E ratio demonstrates considerable fluctuation following the achievement of profitability. While the initial P/E ratio was extremely high, it has generally trended downwards as earnings have increased, although a recent increase is observed. This indicates a dynamic valuation influenced by both share price and earnings performance. The substantial changes in the P/E ratio highlight the company’s sensitivity to market sentiment and earnings expectations.
Comparison to Competitors
Tesla Inc., P/E, long-term trends, comparison to competitors
| Tesla Inc. | Ford Motor Co. | General Motors Co. | |
|---|---|---|---|
| Jan 29, 2026 | |||
| Jan 30, 2025 | |||
| Jan 29, 2024 | |||
| Jan 31, 2023 | |||
| Feb 7, 2022 | |||
| Feb 8, 2021 | |||
| Feb 13, 2020 | |||
| Feb 19, 2019 | |||
| Feb 23, 2018 | |||
| Mar 1, 2017 | |||
| Feb 24, 2016 | |||
| Feb 26, 2015 | |||
| Feb 26, 2014 | |||
| Mar 7, 2013 | |||
| Feb 27, 2012 | |||
| Mar 3, 2011 |
Based on: 10-K (reporting date: 2025-12-31), 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).
Comparison to Sector (Automobiles & Components)
Tesla Inc., P/E, long-term trends, comparison to sector (automobiles & components)
| Tesla Inc. | Automobiles & Components | |
|---|---|---|
| Jan 29, 2026 | ||
| Jan 30, 2025 | ||
| Jan 29, 2024 | ||
| Jan 31, 2023 | ||
| Feb 7, 2022 | ||
| Feb 8, 2021 | ||
| Feb 13, 2020 | ||
| Feb 19, 2019 | ||
| Feb 23, 2018 | ||
| Mar 1, 2017 | ||
| Feb 24, 2016 | ||
| Feb 26, 2015 | ||
| Feb 26, 2014 | ||
| Mar 7, 2013 | ||
| Feb 27, 2012 | ||
| Mar 3, 2011 |
Based on: 10-K (reporting date: 2025-12-31), 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).
Comparison to Industry (Consumer Discretionary)
Tesla Inc., P/E, long-term trends, comparison to industry (consumer discretionary)
| Tesla Inc. | Consumer Discretionary | |
|---|---|---|
| Jan 29, 2026 | ||
| Jan 30, 2025 | ||
| Jan 29, 2024 | ||
| Jan 31, 2023 | ||
| Feb 7, 2022 | ||
| Feb 8, 2021 | ||
| Feb 13, 2020 | ||
| Feb 19, 2019 | ||
| Feb 23, 2018 | ||
| Mar 1, 2017 | ||
| Feb 24, 2016 | ||
| Feb 26, 2015 | ||
| Feb 26, 2014 | ||
| Mar 7, 2013 | ||
| Feb 27, 2012 | ||
| Mar 3, 2011 |
Based on: 10-K (reporting date: 2025-12-31), 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).