Recent News
April 6, 2026 — U.S. authorities closed a probe into Tesla’s remote-driving feature after the company issued software updates. April 9, 2026 — reports indicate Tesla developing a smaller, lower-cost electric vehicle. April 2026 — company filings disclose a $2.0 billion investment in a private aerospace company. June 17, 2026 — a regulatory ownership filing and analyst commentary surfaced suggesting stronger-than-expected second-quarter deliveries.
Technical Analysis
ADX at 16.5 indicates no dominant trend; the market currently travels sideways and lacks strong directional conviction, which favors range-bound trading relative to moving-average and Bollinger boundaries.
Directional indicators show dip & reversal: DI- at 25.99 exceeds DI+ at 20.68, signaling prevailing bearish pressure even though DI+ recently reversed upward; the net directional bias therefore favors the downside in the near term.
MACD sits negative at -1.74 with a peak & reversal pattern and the MACD line below the 0.39 signal line, signaling bearish momentum and that short-term momentum has turned lower.
MRO at 21.26 with a peak & reversal indicates price sits above the internal target and carries moderate potential to decrease; that implies mean-reversion risk for the current price level.
RSI 51.37 with a peak & reversal reads near-neutral but tilting lower, consistent with momentum indicators and suggesting limited upside conviction absent fresh catalyst-driven volume.
Price sits at $405.05, near the 20-day average $404.82 and 50-day average $403.68, yet below the 200-day average $417.32; short-term EMAs show a recent peak & reversal (12-day EMA $405.01 below 26-day EMA $407.65), reinforcing the cautious near-term tone. Bollinger bands (1x: $391–$418) contain the price, implying consolidation risk rather than breakout. Volume at ~47.6M trails the 10-day average and remains below longer-term averages, reducing breakout probability. High betas (42-day 2.05, 52-week 2.01) imply any directional move could amplify quickly.
Fundamental Analysis
Revenue totaled $22,387,000,000 with YoY revenue decline of 59.27% and QoQ decline of 11.20%, reflecting a contraction in top-line growth year-over-year. Net income $477,000,000 and operating income $941,000,000 produce operating margin 4.203% and EBIT margin 3.752%; EBIT margin improved YoY by 6.682% but fell QoQ by 26.20%. Gross margin 21.084% improved YoY by 29.294% and sits above the industry peer mean of 18.106%.
EPS came in at $0.41 versus estimate $0.35, an EPS surprise ratio of 17.14%, and forward EPS $0.62499. Trailing PE reads 958.39 while forward PE runs 617.23; PS ratio sits at 65.91 and price-to-book 17.54, all indicating extreme multiples relative to typical automobile manufacturers. Book value per share equals $22.40 and forward revenue guidance near $27.54B.
Cash and short-term investments total $44,743,000,000 with free cash flow $1,444,000,000 and free cash flow yield 0.098%. Capital expenditures totaled $2,493,000,000 for the quarter, reflecting stepped-up capex for AI and factory expansion; operating cash flow measured $3,937,000,000. Cash conversion cycle stands at 14.55 days with days inventory outstanding 61.53 and days payables outstanding 64.38, reflecting efficient working-capital dynamics.
Leverage remains modest: total debt $15,890,000,000, debt-to-equity 0.1889, debt-to-EBITDA 6.54, and interest-coverage 9.13. Return metrics remain low relative to valuation: return on equity 0.567% and return on assets 0.339%. Earnings growth trends register notable declines: earnings growth QoQ -65.385% and earnings growth YoY -71.435%.
WMDST values the stock as over-valued, driven by extremely elevated multiples (PE, PS, PB) that outpace underlying returns and growth trends despite margin improvements and a strong cash position. The valuation mismatch presents limited fundamental cushion for a sustained upside absent re-rating via material earnings acceleration or multiple compression.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-22 |
| NEXT REPORT DATE: | 2026-07-22 |
| CASH FLOW | Begin Period Cash Flow | $ 17.6 B |
| Operating Cash Flow | $ 3.9 B | |
| Capital Expenditures | $ -2.49 B | |
| Change In Working Capital | $ 375.0 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 39.0 M | |
| End Period Cash Flow | $ 17.7 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 22.4 B | |
| Forward Revenue | $ 27.5 B | |
| COSTS | ||
| Cost Of Revenue | $ 17.7 B | |
| Depreciation | $ 1.6 B | |
| Depreciation and Amortization | $ 1.6 B | |
| Research and Development | $ 1.9 B | |
| Total Operating Expenses | $ 21.4 B | |
| PROFITABILITY | ||
| Gross Profit | $ 4.7 B | |
| EBITDA | $ 2.4 B | |
| EBIT | $ 840.0 M | |
| Operating Income | $ 941.0 M | |
| Interest Income | $ 434.0 M | |
| Interest Expense | $ 92.0 M | |
| Net Interest Income | $ 342.0 M | |
| Income Before Tax | $ 748.0 M | |
| Tax Provision | $ 257.0 M | |
| Tax Rate | 34.0 % | |
| Net Income | $ 477.0 M | |
| Net Income From Continuing Operations | $ 491.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.35 | |
| EPS Actual | $ 0.41 | |
| EPS Difference | $ 0.06 | |
| EPS Surprise | 17.143 % | |
| Forward EPS | $ 0.62 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 143.7 B | |
| Intangible Assets | $ 786.0 M | |
| Net Tangible Assets | $ 83.3 B | |
| Total Current Assets | $ 69.7 B | |
| Cash and Short-Term Investments | $ 44.7 B | |
| Cash | $ 16.6 B | |
| Net Receivables | $ 4.0 B | |
| Inventory | $ 14.4 B | |
| Long-Term Investments | $ 7.5 B | |
| LIABILITIES | ||
| Accounts Payable | $ 14.7 B | |
| Short-Term Debt | $ 1.4 B | |
| Total Current Liabilities | $ 34.1 B | |
| Net Debt | — | |
| Total Debt | $ 15.9 B | |
| Total Liabilities | $ 58.9 B | |
| EQUITY | ||
| Total Equity | $ 84.1 B | |
| Retained Earnings | $ 39.5 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 22.40 | |
| Shares Outstanding | 3.755 B | |
| Revenue Per-Share | $ 5.96 | |
| VALUATION | Market Capitalization | $ 1.5 T |
| Enterprise Value | $ 1.4 T | |
| Enterprise Multiple | 595.326 | |
| Enterprise Multiple QoQ | 7.244 % | |
| Enterprise Multiple YoY | 40.581 % | |
| Enterprise Multiple IPRWA | TSLA: 595.326 high: 87.663 median: 15.236 mean: 9.663 low: -138.184 |
|
| EV/R | 64.62 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.709 | |
| Asset To Liability | 2.439 | |
| Debt To Capital | 0.159 | |
| Debt To Assets | 0.111 | |
| Debt To Assets QoQ | 3.511 % | |
| Debt To Assets YoY | 5.365 % | |
| Debt To Assets IPRWA | high: 0.644 mean: 0.285 median: 0.231 low: 0.123 TSLA: 0.111 |
|
| Debt To Equity | 0.189 | |
| Debt To Equity QoQ | 5.419 % | |
| Debt To Equity YoY | 7.427 % | |
| Debt To Equity IPRWA | high: 6.121 mean: 1.453 median: 0.723 TSLA: 0.189 low: 0.185 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 17.541 | |
| Price To Book QoQ | -12.37 % | |
| Price To Book YoY | 41.629 % | |
| Price To Book IPRWA | TSLA: 17.541 high: 4.594 mean: 0.995 median: 0.519 low: 0.005 |
|
| Price To Earnings (P/E) | 958.394 | |
| Price To Earnings QoQ | 9.324 % | |
| Price To Earnings YoY | -9.882 % | |
| Price To Earnings IPRWA | TSLA: 958.394 high: 294.586 mean: 59.038 median: 19.033 low: -29.095 |
|
| PE/G Ratio | -53.244 | |
| Price To Sales (P/S) | 65.909 | |
| Price To Sales QoQ | -0.181 % | |
| Price To Sales YoY | 37.827 % | |
| Price To Sales IPRWA | TSLA: 65.909 high: 14.645 mean: 1.957 median: 1.165 low: 0.017 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 617.234 | |
| Forward PE/G | -34.291 | |
| Forward P/S | 50.808 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 3.333 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.159 | |
| Asset Turnover Ratio QoQ | -13.287 % | |
| Asset Turnover Ratio YoY | 1.662 % | |
| Asset Turnover Ratio IPRWA | high: 0.31 median: 0.175 mean: 0.164 TSLA: 0.159 low: 0.016 |
|
| Receivables Turnover | 5.246 | |
| Receivables Turnover Ratio QoQ | -2.259 % | |
| Receivables Turnover Ratio YoY | 11.24 % | |
| Receivables Turnover Ratio IPRWA | high: 39.901 TSLA: 5.246 mean: 4.159 median: 1.832 low: 0.676 |
|
| Inventory Turnover | 1.317 | |
| Inventory Turnover Ratio QoQ | -18.33 % | |
| Inventory Turnover Ratio YoY | 4.688 % | |
| Inventory Turnover Ratio IPRWA | high: 2.683 median: 2.199 mean: 1.75 TSLA: 1.317 low: 0.044 |
|
| Days Sales Outstanding (DSO) | 17.394 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 14.548 | |
| Cash Conversion Cycle Days QoQ | 4.006 % | |
| Cash Conversion Cycle Days YoY | -22.941 % | |
| Cash Conversion Cycle Days IPRWA | high: 303.712 median: 83.035 mean: 44.63 TSLA: 14.548 low: -139.401 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.629 | |
| CapEx To Revenue | -0.111 | |
| CapEx To Depreciation | -1.568 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 91.8 B | |
| Net Invested Capital | $ 93.1 B | |
| Invested Capital | $ 93.1 B | |
| Net Tangible Assets | $ 83.3 B | |
| Net Working Capital | $ 35.6 B | |
| LIQUIDITY | ||
| Cash Ratio | 1.311 | |
| Current Ratio | 2.043 | |
| Current Ratio QoQ | -5.604 % | |
| Current Ratio YoY | 2.357 % | |
| Current Ratio IPRWA | high: 2.969 TSLA: 2.043 mean: 1.603 median: 1.281 low: 0.242 |
|
| Quick Ratio | 1.62 | |
| Quick Ratio QoQ | -8.646 % | |
| Quick Ratio YoY | 5.529 % | |
| Quick Ratio IPRWA | high: 3.597 TSLA: 1.62 mean: 1.306 median: 1.033 low: 0.306 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 6.539 | |
| Cost Of Debt | 0.397 % | |
| Interest Coverage Ratio | 9.13 | |
| Interest Coverage Ratio QoQ | -38.698 % | |
| Interest Coverage Ratio YoY | 22.187 % | |
| Interest Coverage Ratio IPRWA | high: 54.646 TSLA: 9.13 mean: -4.452 median: -5.431 low: -66.626 |
|
| Operating Cash Flow Ratio | 0.058 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 64.375 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.294 % | |
| Revenue Growth | -10.096 % | |
| Revenue Growth QoQ | -11.197 % | |
| Revenue Growth YoY | -59.269 % | |
| Revenue Growth IPRWA | high: 136.323 % mean: -4.41 % median: -5.746 % TSLA: -10.096 % low: -75.561 % |
|
| Earnings Growth | -18.0 % | |
| Earnings Growth QoQ | -65.385 % | |
| Earnings Growth YoY | -71.435 % | |
| Earnings Growth IPRWA | high: 407.692 % median: 8.879 % mean: 3.641 % TSLA: -18.0 % low: -567.5 % |
|
| MARGINS | ||
| Gross Margin | 21.084 % | |
| Gross Margin QoQ | 4.812 % | |
| Gross Margin YoY | 29.294 % | |
| Gross Margin IPRWA | high: 51.834 % TSLA: 21.084 % mean: 18.106 % median: 8.617 % low: -10.499 % |
|
| EBIT Margin | 3.752 % | |
| EBIT Margin QoQ | -26.2 % | |
| EBIT Margin YoY | 6.682 % | |
| EBIT Margin IPRWA | high: 29.59 % TSLA: 3.752 % mean: -2.954 % median: -11.141 % low: -52.547 % |
|
| Return On Sales (ROS) | 4.203 % | |
| Return On Sales QoQ | -33.381 % | |
| Return On Sales YoY | 19.505 % | |
| Return On Sales IPRWA | high: 29.878 % TSLA: 4.203 % mean: -5.3 % median: -13.048 % low: -63.794 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 1.4 B | |
| Free Cash Flow Yield | 0.098 % | |
| Free Cash Flow Yield QoQ | 13.953 % | |
| Free Cash Flow Yield YoY | 36.111 % | |
| Free Cash Flow Yield IPRWA | high: 9.686 % TSLA: 0.098 % mean: -2.015 % median: -2.104 % low: -48.048 % |
|
| Free Cash Growth | 1.69 % | |
| Free Cash Growth QoQ | -102.624 % | |
| Free Cash Growth YoY | -102.509 % | |
| Free Cash Growth IPRWA | high: 126.772 % median: 42.126 % TSLA: 1.69 % mean: -17.629 % low: -358.701 % |
|
| Free Cash To Net Income | 3.027 | |
| Cash Flow Margin | 8.786 % | |
| Cash Flow To Earnings | 4.124 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.339 % | |
| Return On Assets QoQ | -45.234 % | |
| Return On Assets YoY | 2.417 % | |
| Return On Assets IPRWA | high: 6.178 % TSLA: 0.339 % mean: -0.523 % median: -1.532 % low: -13.23 % |
|
| Return On Capital Employed (ROCE) | 0.767 % | |
| Return On Equity (ROE) | 0.006 | |
| Return On Equity QoQ | -44.575 % | |
| Return On Equity YoY | 3.467 % | |
| Return On Equity IPRWA | high: 0.435 TSLA: 0.006 mean: -0.013 median: -0.033 low: -0.197 |
|
| DuPont ROE | 0.574 % | |
| Return On Invested Capital (ROIC) | 0.595 % | |
| Return On Invested Capital QoQ | -41.437 % | |
| Return On Invested Capital YoY | 0.847 % | |
| Return On Invested Capital IPRWA | high: 6.178 % TSLA: 0.595 % mean: -0.623 % median: -1.526 % low: -9.767 % |
|