Tesla Inc.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2009 | 8.5% | -46.4% | -49.8% |
| FY2010 | 26.3% | -125.8% | -132.2% |
| FY2011 | 30.2% | -123.1% | -124.6% |
| FY2012 | 7.3% | -95.4% | -95.9% |
| FY2013 | 22.7% | -3.0% | -3.7% |
| FY2014 | 27.6% | -5.8% | -9.2% |
| FY2015 | 22.8% | -17.7% | -22.0% |
| FY2016 | 22.8% | -9.5% | -9.6% |
| FY2017 | 18.9% | -13.9% | -16.7% |
| FY2018 | 18.8% | -1.8% | -4.5% |
| FY2019 | 16.6% | -0.3% | -3.5% |
| FY2020 | 21.0% | 6.3% | 2.3% |
| FY2021 | 25.3% | 12.1% | 10.3% |
| FY2022 | 25.6% | 16.8% | 15.4% |
| FY2023 | 18.2% | 9.2% | 15.5% |
| FY2024 | 17.9% | 7.2% | 7.3% |
| FY2025 | 18.0% | 4.6% | 4.0% |
Obvious prospects for physical growth in a business do not translate into obvious profits for investors.