Touchstone
Last syncOct 31, 2026, 6:54 PM ET

TSLA

Tesla, Inc. Consumer Discretionary Motor Vehicles & Passenger Car Bodies S&P 500Nasdaq-100Russell 3000
$399.81Close $1.5TMarket cap $298.32 – $489.8852-week range Jan 20, 2027Next report · estimated

Highlights

Cautions

  • Not in an uptrend 4 of 8 trend conditions
  • Earnings shrinking EPS −43% year on year

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Oct 22, 2026
Off 12-month high 18%
1wk up 7.4% price change
1mo up 12.7% price change
12-month return down 9% market up 11% · its own down 24%
F-score 5 / 9 Mixed
Altman Z 17.89 Low risk
P/E 389.0× price / earnings
PEG — P/E / EPS growth
P/B 18.3× price / book
Earnings yield up 0.3% EBIT / enterprise value
Cheaper than 19% of the market · expensive
Revenue growth down 3% year on year
EPS growth down 43% latest quarter · -37 pts
Sales growth 0% latest quarter · -26 pts
ROE up 5% return on equity
Free cash margin up 7% $6.2B FCF
D/E 0.08 long-term debt / equity
Net debt / EBITDA -2.3× net cash
Interest cover —EBIT / interest
Piotroski tests
  • profitability slipped from last year
  • took on more long-term debt
  • issued more shares
  • assets working less efficiently
  • profitable on its assets
  • generating cash from operations
  • profits backed by cash
  • short-term liquidity improved
  • gross margin widened

Trade setup

ATR% 3.4% $13.44 a day · 2×ATR $372.93
RS 55 / 99 vs the universe
Trend 4 / 8 trend template
Relative volume 1.1× vs 50-day average
Up/down volume 1.00 50 sessions
Implied move — no scheduled report
Trend template · 4 of 8
  • Price above the 150 and 200-day averages: passes
  • 150-day average above the 200-day: fails
  • 200-day average rising for a month: fails
  • 50-day average above the 150 and 200-day: fails
  • Price above the 50-day average: passes
  • At least 30% above the 52-week low: passes
  • Within 25% of the 52-week high: passes
  • RS rank 70 or higher: fails

Screen verdict

Did not qualify for any screen.

Warning signs

2 flagged
  • Shareholders diluted The share count rose 16.6% over the year, from 3.2bn to 3.8bn shares. Each existing share owns a smaller fraction of the company than it did a year ago.
  • Revenue shrinking Revenue fell 2.9% over the year, from $97.7B to $94.8B.
Last reported Oct 21, 2026
Last shock Jul 23, 2026-15% in one session2.5× volumeon results+25% since
Options $773.1M41.7% IV · activity

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $94.8B -3% on FY2024
$0 $100B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $31.5B FY2021 · $53.8B FY2022 · $81.5B FY2023 · $96.8B FY2024 · $97.7B FY2025 · $94.8B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $3.9B -46% on FY2024
$0 $20B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $721.0M FY2021 · $5.6B FY2022 · $12.6B FY2023 · $15.0B FY2024 · $7.2B FY2025 · $3.9B
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $6.2B +74% on FY2024
$0 $10B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $2.8B FY2021 · $5.0B FY2022 · $7.6B FY2023 · $4.4B FY2024 · $3.6B FY2025 · $6.2B
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 18%
  • Net 4%
  • Free cash 7%
0% 50% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 21% · Net 2% · Free cash 9% FY2021 · Gross 25% · Net 10% · Free cash 9% FY2022 · Gross 26% · Net 15% · Free cash 9% FY2023 · Gross 18% · Net 15% · Free cash 5% FY2024 · Gross 18% · Net 7% · Free cash 4% FY2025 · Gross 18% · Net 4% · Free cash 7%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $9.9B net cash
  • Cash
  • Long-term debt
$0 $20B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $19.4B · Long-term debt $8.5B FY2021 · Cash $17.6B · Long-term debt $4.3B FY2022 · Cash $16.3B · Long-term debt $1.0B FY2023 · Cash $16.4B · Long-term debt $2.7B FY2024 · Cash $16.1B · Long-term debt $5.5B FY2025 · Cash $16.5B · Long-term debt $6.6B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 3.75bn +30.2% since FY2020
3.75bn 2.88bn FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 2.88bn FY2021 · 3.10bn FY2022 · 3.16bn FY2023 · 3.19bn FY2024 · 3.22bn FY2025 · 3.75bn
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $31.5B $53.8B $81.5B $96.8B $97.7B $94.8B
Gross margin 21% 25% 26% 18% 18% 18%
Operating income $2.0B $6.5B $13.7B $8.9B $7.1B $4.4B
Net income $721.0M $5.6B $12.6B $15.0B $7.2B $3.9B
Net margin 2% 10% 15% 15% 7% 4%
Earnings per share $0.22 $1.67 $3.62 $4.30 $2.04 $1.09
Free cash flow $2.8B $5.0B $7.6B $4.4B $3.6B $6.2B
Free cash margin 9% 9% 9% 5% 4% 7%
Cash $19.4B $17.6B $16.3B $16.4B $16.1B $16.5B
Long-term debt $8.5B $4.3B $1.0B $2.7B $5.5B $6.6B
Shareholders' equity $22.2B $30.2B $44.7B $62.6B $72.9B $82.1B
Shares outstanding 2.88bn 3.10bn 3.16bn 3.19bn 3.22bn 3.75bn

What options price now

Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
$364 – $437 ±9.1% by Nov 27, 2026
Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
Bigger 41.7% priced · 36.6% recent
Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
About the same
Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
past week: costs more
Positioning
Premium traded
$773.1M calls $471.1M · puts $302.0M · latest session
Puts against calls, by premium Money spent on puts divided by money spent on calls. Measured in dollars rather than contracts on purpose: counting contracts treats a hundred cheap lottery tickets as more meaningful than one large position, which is backwards. Methodology
0.64× -0.56 over the week
Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
calls -199.63k · puts -209.57k past week

For options traders: ATM IV 41.7% (+1.7% 1w) · 1m ÷ 3m IV 1.03 · 25Δ skew 5.0 pts · Net GEX $430.1M

Most traded contracts 20
Contract Next day: opened, closed or mixed A large option trade on its own is ambiguous: it may have opened a position, closed one, or been one leg of a spread. Open interest is published overnight, so the next morning settles it. Opened: open interest rose by a good share of the volume traded, so positions were added. Closed: it fell, so positions were taken off. Mixed: it barely moved, as when one side opens while the other closes. A dash: the next morning's count is not in yet. None of the three says whether the contracts were bought or sold. Methodology Volume against open interest The day's contracts traded, divided by the positions already standing. Above 1 the day's trading exceeded every position in existence, which cannot happen without something new — though only tomorrow's open interest proves it opened rather than closed. Methodology Bid-ask spread The gap between the bid and the ask as a share of the midpoint: what a round trip costs before the position has moved at all. Methodology Priced vs rest of chain The contract's implied volatility less the at-the-money reading for the same company, in points: how this strike is priced against the rest of the chain. Methodology Move to break even How far the stock must move by expiry for a buyer at the midpoint to get the premium back: strike plus premium for a call, strike less premium for a put. Methodology Premium
Nov 27, 2026 · $400 call at the price — 0.54 2.1% -0.4% +4.6% $1.7M
Nov 27, 2026 · $390 put -3% from price — 1.07 2.2% +0.6% -5.9% $1.5M
Nov 27, 2026 · $395 call -1% from price — 0.56 3.0% +0.0% +4.1% $1.4M
Dec 18, 2026 · $400 call at the price — 0.17 2.2% -0.2% +6.3% $5.5M
Dec 18, 2026 · $360 put -10% from price — 0.89 2.7% +2.8% -12.3% $4.9M
Dec 18, 2026 · $420 call +5% from price — 0.18 2.1% -1.1% +9.1% $2.3M
Dec 18, 2026 · $425 call +6% from price — 0.46 2.7% -1.3% +9.9% $2.1M
Dec 18, 2026 · $400 put at the price — 0.12 1.3% +0.1% -5.9% $2.1M
Dec 18, 2026 · $410 put +2% from price — 0.18 2.8% -0.5% -4.7% $2.1M
Dec 18, 2026 · $380 put -5% from price — 0.12 2.0% +1.2% -8.8% $1.4M
Dec 18, 2026 · $390 put -3% from price — 0.10 1.9% +0.5% -7.3% $1.4M
Dec 18, 2026 · $405 call +1% from price — 0.31 1.7% -0.4% +6.9% $1.4M
Dec 18, 2026 · $430 call +7% from price — 0.16 2.7% -1.4% +10.7% $1.3M
Jan 15, 2027 · $400 call at the price — 0.05 1.9% -0.1% +8.0% $6.1M
Jan 15, 2027 · $400 put at the price — 0.11 2.3% -0.3% -7.2% $3.2M
Jan 15, 2027 · $380 put -5% from price — 0.16 3.2% +0.8% -10.1% $3.0M
Jan 15, 2027 · $450 call +12% from price — 0.08 3.7% -1.5% +15.8% $2.3M
Jan 15, 2027 · $390 put -3% from price — 0.14 2.5% +0.2% -8.6% $2.0M
Jan 15, 2027 · $420 call +5% from price — 0.06 2.4% -0.9% +10.7% $1.7M
Jan 15, 2027 · $440 call +10% from price — 0.04 3.7% -1.4% +14.0% $1.5M

Liquid contracts, 3 weeks to 4 months out, soonest expiry first.

Filings

SEC EDGAR
FiledReportPeriod to Lag
Oct 22, 2026 Quarterly ↗ Sep 30, 2026 22d
Jul 23, 2026 Quarterly ↗ Jun 30, 2026 23d
Apr 23, 2026 Quarterly ↗ Mar 31, 2026 23d
Jan 29, 2026 Annual ↗ Dec 31, 2025 29d
Oct 23, 2025 Quarterly ↗ Sep 30, 2025 23d
Jul 24, 2025 Quarterly ↗ Jun 30, 2025 24d
Apr 23, 2025 Quarterly ↗ Mar 31, 2025 23d
Jan 30, 2025 Annual ↗ Dec 31, 2024 30d
Oct 24, 2024 Quarterly ↗ Sep 30, 2024 24d
Jul 24, 2024 Quarterly ↗ Jun 30, 2024 24d
Apr 24, 2024 Quarterly ↗ Mar 31, 2024 24d
Jan 29, 2024 Annual ↗ Dec 31, 2023 29d

Current reports

FiledDisclosed
Oct 21, 2026 Results ↗
Oct 2, 2026 Results ↗
Sep 29, 2026 Material agreement · Agreement ended · New obligation ↗
Jul 22, 2026 Results ↗
Jul 2, 2026 Results ↗
Apr 22, 2026 Results ↗
Apr 2, 2026 Results ↗
Jan 28, 2026 Results ↗
Jan 2, 2026 Results ↗
Nov 7, 2025 Director or officer change · Shareholder vote ↗
Oct 22, 2025 Results ↗
Oct 2, 2025 Results ↗