Tesla, Inc. FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $94.8B |
| Gross margin | 18.0% |
| Operating income | $4.4B |
| Net income | $3.8B |
| Diluted EPS | $1.08 |
| Cash & equivalents | $16.5B |
| Total assets | $137.8B |
| Long-term debt | $6.6B |
Key takeaway
Tesla launched its Robotaxi autonomous ride-hailing service in June 2025 using Model Y vehicles, aiming to expand toward a service-driven, software and fleet-based profit model.
🔒 4 more takeaways in the full analysis
Beneath the surface
Net income of $3.79 billion is far below operating income of $4.36 billion despite pretax income of $5.28 billion, driven by a $1.42 billion tax provision against a federal statutory rate of just 21%, indicating an effective tax rate above 27%.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for TSLA.
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