Services & OtherNarrow moat

Tesla (TSLA) — moat facet

Six years of losses turned into a 14% margin: the fleet Tesla already sold is now its steadiest source of growth.

Services and other is the business the Tesla fleet generates after the sale, and it has turned from a cost into a profit. It brought in $12,530 million in 2025, up 19%, at a gross margin of 7.4%.12 In the June 2026 quarter it grew 50% to $4,581 million and earned a record $648 million of gross profit, a 14% margin.34

Services and other gross profit ($M)-$544M2019-$365M2020-$104M2021$211M2022$489M2023$613M2024$931M2025Revenue less cost of revenues; Tesla Forms 10-K FY2020, FY2022 and FY2025
A loss-maker through 2021, and a larger gross profit in every year since.

What is inside is listed in the 10-K: used vehicles, non-warranty maintenance and collision repair, paid Supercharging sessions, the automotive insurance business, parts, and retail merchandise.5 The line sits inside Tesla's automotive segment for reporting, but it is shown separately in the income statement, which is why it has a page of its own.6

Its history is a long loss. In 2015 the line brought in $291 million and roughly broke even.7 From 2016 to 2021 it lost money at the gross level every year: $228 million in 2017, $489 million in 2018, $544 million in 2019, $365 million in 2020 and $104 million in 2021.891011 Read against the delivery numbers, the losses look like the cost of running service and charging for a fleet still too small to pay for them. The line first turned a gross profit in 2022, $211 million on $6,091 million.1213

It is paid for per use, which is the point. Every car sold becomes a future source of repairs, charging sessions, insurance premiums and, eventually, a used car to resell. Cumulative deliveries reached 9.7 million by June 2026, Supercharger stations 8,704 and connectors 82,357, each up 17-18% in a year.14 In 2025 revenue grew on more paid Supercharging sessions, non-warranty maintenance and collision work, higher used-vehicle volume and insurance.15

Profitability is still thin but improving fast. The gross margin went from 3.5% in 2022 to 5.9% in 2023, 5.8% in 2024 and 7.4% in 2025, and to 11.9% across the first half of 2026 against 4.7% a year earlier.161718 Used cars are the part most likely to swing it: the 2026 increases came first from higher used-vehicle volume and average selling price, which depends on a used-car market Tesla does not control.19 Its own update says the June quarter's growth came from all major parts of the line, and that gross profit rose $302 million from the March quarter.20

The growth record is the steadiest of the three lines. Revenue rose every year from 2015 to 2025, from $291 million to $12,530 million, and compounded at about 35% a year from 2021.212223 By quarter, revenue ran $3,046 million, $3,475 million, $3,371 million, $3,745 million and $4,581 million from June 2025 to June 2026.24 In the first half of 2026 it grew 46% to $8,326 million, and in the June quarter it was about 46% larger than the energy line, $4,581 million against $3,139 million.2526

The outlook rests on the size of the fleet and on charging that other brands now use. Rivals adopted Tesla's connector in 2023 and 2024, so their drivers can pay for sessions here; the trade-off is argued in The Rivals Who Plug Into Tesla's Chargers.27 Tesla expects continued profit growth as the fleet grows and efficiency improves.28

This is a narrow moat that is widening, because it compounds with a fleet no rival can copy quickly. What would test it is the gross margin: 14% in the June 2026 quarter. Holding in double digits as used-car prices normalise would show the repair, charging and insurance parts carry the line on their own; falling back toward 5% would say a used-car boom did most of the work.

Moat trajectory: Widening

Gross margin rose from 3.5% in 2022 to 14% in the June 2026 quarter on a fleet of 9.7 million cars and a charging network rivals now use.

The number that tests this moat
Moat Explorer calc
Services and other gross margin, latest quarter
14.1% in Q2 2026 ($648M), against 5.4% a year earlier

The line lost money at the gross level from 2016 to 2021. Holding in double digits as used-car prices normalise would show repair, charging and insurance carry it; a fall toward 5% would say used cars did the work.

How it's calculated: (4,581 - 3,933) / 4,581 for Q2 2026; (3,046 - 2,880) / 3,046 for Q2 2025.
Source: Tesla Form 10-Q, June 2026; Q2 2026 update (Moat Explorer calc) ↗
References
  1. ReportedIt brought in $12,530 million in 2025, up 19%, at a gross margin of 7.4%.
    Tesla Form 10-K, FY2025 - revenue by line 2023-2025 (automotive sales $65,821M, credits $1,993M, leasing $1,712M, total automotive $69,526M; energy $12,771M; services and other $12,530M); gross profit total automotive $12,361M at 17.8% (18.4%, 19.4%), energy $3,802M; operating income $4,355M; 46.7 GWh deployed; services and other consists of used vehicles, non-warranty maintenance and collision, paid Supercharging, insurance, parts and merchandise; five consumer models; Megapack 3 and Megablock introduced 2025; historically sales achieved without relying on traditional advertising — FY2023-FY2025 · publ. January 2026 · source ↗
  2. Moat Explorer calcIt brought in $12,530 million in 2025, up 19%, at a gross margin of 7.4%.
    Moat Explorer calculation from Tesla's Forms 10-K FY2017-FY2025, the Q4 2025 and Q2 2026 updates and the Q2 2026 10-Q: line shares of 2025 revenue (73%/13%/13%) and gross profit (72%/22%/5%); automotive margin excluding credits 15.4% (2025); margins 2021 29.3%, 2022 28.5%; revenue per car sold outright $53,077 (2022: $67,210M / 1,266,269) and $41,280 (2025: $65,821M / 1,594,512); energy margins 12.2% (2018), 0.9% (2020), -4.6% (2021), 7.4%, 18.9%, 26.2%, 29.8% (2022-2025), about 39.5% in Q1 2026; energy revenue per GWh about $410M, $321M, $273M (2023-2025), $232M (Q2 2026) and $290M (Q2 2025); services gross profit -$228M to -$104M (2017-2021), +$211M (2022) and margins 3.5%, 5.9%, 5.8%, 7.4%, 11.9% for H1 2026 against 4.7%; services CAGR 2021-2025 35%; June-quarter deliveries annualised at 85% of consumer-car capacity excluding Cybercab — 2015 to Q2 2026 · publ. 2026-09-23 · source ↗
  3. ReportedIn the June 2026 quarter it grew 50% to $4,581 million and earned a record $648 million of gross profit, a 14% margin.
    Tesla Form 10-Q, quarter ended 30 June 2026 - revenue and cost by line (automotive $20,516M, credits $146M against $439M; energy $3,139M against $2,789M; services and other $4,581M against $3,046M; six months $36,750M, $5,547M, $8,326M); energy gross margin 20.4% against 30.3% on sales mix and unfavourable warranty adjustments; 22.3 GWh deployed through June; automotive sales +27% on about 25% more cash deliveries; services growth from used vehicles, maintenance and collision, and paid Supercharging — Q2 2026 · publ. July 2026 · source ↗
  4. ReportedIn the June 2026 quarter it grew 50% to $4,581 million and earned a record $648 million of gross profit, a 14% margin.
    Tesla Q2 2026 update - five-quarter revenue and gross margin by line, automotive margin excluding credits 15.0%/15.4%/17.9%/19.2%/16.3%, deliveries 480,126, cumulative 9.7M, lease fleet 141,876, storage deployed 9.6/12.5/14.2/8.8/13.5 GWh, Supercharger stations 8,704 and connectors 82,357, installed capacity by factory, services and other gross profit a record $648M at 14% — Q2 2025 - Q2 2026 · publ. July 2026 · source ↗
  5. ReportedWhat is inside is listed in the 10-K: used vehicles, non-warranty maintenance and collision repair, paid Supercharging sessions, the automotive insurance business, parts, and retail merchandise.
    Tesla Form 10-K, FY2025 - revenue by line 2023-2025 (automotive sales $65,821M, credits $1,993M, leasing $1,712M, total automotive $69,526M; energy $12,771M; services and other $12,530M); gross profit total automotive $12,361M at 17.8% (18.4%, 19.4%), energy $3,802M; operating income $4,355M; 46.7 GWh deployed; services and other consists of used vehicles, non-warranty maintenance and collision, paid Supercharging, insurance, parts and merchandise; five consumer models; Megapack 3 and Megablock introduced 2025; historically sales achieved without relying on traditional advertising — FY2023-FY2025 · publ. January 2026 · source ↗
  6. ReportedThe line sits inside Tesla's automotive segment for reporting, but it is shown separately in the income statement, which is why it has a page of its own.
    Tesla Form 10-K, FY2025 - revenue by line 2023-2025 (automotive sales $65,821M, credits $1,993M, leasing $1,712M, total automotive $69,526M; energy $12,771M; services and other $12,530M); gross profit total automotive $12,361M at 17.8% (18.4%, 19.4%), energy $3,802M; operating income $4,355M; 46.7 GWh deployed; services and other consists of used vehicles, non-warranty maintenance and collision, paid Supercharging, insurance, parts and merchandise; five consumer models; Megapack 3 and Megablock introduced 2025; historically sales achieved without relying on traditional advertising — FY2023-FY2025 · publ. January 2026 · source ↗
  7. ReportedIn 2015 the line brought in $291 million and roughly broke even.
    Tesla Form 10-K, FY2017 - revenue by line 2015-2017 (automotive $3,741M/$6,351M/$9,641M; energy generation and storage $14M/$181M/$1,116M; services and other $291M/$468M/$1,001M) and cost of revenues; SolarCity acquired 21 November 2016; Model S deliveries began June 2012 — FY2015-FY2017 · publ. February 2018 · source ↗
  8. ReportedFrom 2016 to 2021 it lost money at the gross level every year: $228 million in 2017, $489 million in 2018, $544 million in 2019, $365 million in 2020 and $104 million in 2021.
    Tesla Form 10-K, FY2017 - revenue by line 2015-2017 (automotive $3,741M/$6,351M/$9,641M; energy generation and storage $14M/$181M/$1,116M; services and other $291M/$468M/$1,001M) and cost of revenues; SolarCity acquired 21 November 2016; Model S deliveries began June 2012 — FY2015-FY2017 · publ. February 2018 · source ↗
  9. ReportedFrom 2016 to 2021 it lost money at the gross level every year: $228 million in 2017, $489 million in 2018, $544 million in 2019, $365 million in 2020 and $104 million in 2021.
    Tesla Form 10-K, FY2020 - revenue and cost of revenues by line 2018-2020 (automotive $18,515M/$20,821M/$27,236M; energy $1,555M/$1,531M/$1,994M; services and other $1,391M/$2,226M/$2,306M); 3.02 GWh of storage deployed in 2020 — FY2018-FY2020 · publ. February 2021 · source ↗
  10. ReportedFrom 2016 to 2021 it lost money at the gross level every year: $228 million in 2017, $489 million in 2018, $544 million in 2019, $365 million in 2020 and $104 million in 2021.
    Tesla Form 10-K, FY2022 - revenue and cost of revenues by line 2020-2022 (automotive $27,236M/$47,232M/$71,462M, credits $1,580M/$1,465M/$1,776M; energy $1,994M/$2,789M/$3,909M; services and other $2,306M/$3,802M/$6,091M); automotive sales $67,210M in 2022; 6.5 GWh of storage deployed in 2022 — FY2020-FY2022 · publ. January 2023 · source ↗
  11. Moat Explorer calcFrom 2016 to 2021 it lost money at the gross level every year: $228 million in 2017, $489 million in 2018, $544 million in 2019, $365 million in 2020 and $104 million in 2021.
    Moat Explorer calculation from Tesla's Forms 10-K FY2017-FY2025, the Q4 2025 and Q2 2026 updates and the Q2 2026 10-Q: line shares of 2025 revenue (73%/13%/13%) and gross profit (72%/22%/5%); automotive margin excluding credits 15.4% (2025); margins 2021 29.3%, 2022 28.5%; revenue per car sold outright $53,077 (2022: $67,210M / 1,266,269) and $41,280 (2025: $65,821M / 1,594,512); energy margins 12.2% (2018), 0.9% (2020), -4.6% (2021), 7.4%, 18.9%, 26.2%, 29.8% (2022-2025), about 39.5% in Q1 2026; energy revenue per GWh about $410M, $321M, $273M (2023-2025), $232M (Q2 2026) and $290M (Q2 2025); services gross profit -$228M to -$104M (2017-2021), +$211M (2022) and margins 3.5%, 5.9%, 5.8%, 7.4%, 11.9% for H1 2026 against 4.7%; services CAGR 2021-2025 35%; June-quarter deliveries annualised at 85% of consumer-car capacity excluding Cybercab — 2015 to Q2 2026 · publ. 2026-09-23 · source ↗
  12. ReportedThe line first turned a gross profit in 2022, $211 million on $6,091 million.
    Tesla Form 10-K, FY2022 - revenue and cost of revenues by line 2020-2022 (automotive $27,236M/$47,232M/$71,462M, credits $1,580M/$1,465M/$1,776M; energy $1,994M/$2,789M/$3,909M; services and other $2,306M/$3,802M/$6,091M); automotive sales $67,210M in 2022; 6.5 GWh of storage deployed in 2022 — FY2020-FY2022 · publ. January 2023 · source ↗
  13. Moat Explorer calcThe line first turned a gross profit in 2022, $211 million on $6,091 million.
    Moat Explorer calculation from Tesla's Forms 10-K FY2017-FY2025, the Q4 2025 and Q2 2026 updates and the Q2 2026 10-Q: line shares of 2025 revenue (73%/13%/13%) and gross profit (72%/22%/5%); automotive margin excluding credits 15.4% (2025); margins 2021 29.3%, 2022 28.5%; revenue per car sold outright $53,077 (2022: $67,210M / 1,266,269) and $41,280 (2025: $65,821M / 1,594,512); energy margins 12.2% (2018), 0.9% (2020), -4.6% (2021), 7.4%, 18.9%, 26.2%, 29.8% (2022-2025), about 39.5% in Q1 2026; energy revenue per GWh about $410M, $321M, $273M (2023-2025), $232M (Q2 2026) and $290M (Q2 2025); services gross profit -$228M to -$104M (2017-2021), +$211M (2022) and margins 3.5%, 5.9%, 5.8%, 7.4%, 11.9% for H1 2026 against 4.7%; services CAGR 2021-2025 35%; June-quarter deliveries annualised at 85% of consumer-car capacity excluding Cybercab — 2015 to Q2 2026 · publ. 2026-09-23 · source ↗
  14. ReportedCumulative deliveries reached 9.7 million by June 2026, Supercharger stations 8,704 and connectors 82,357, each up 17-18% in a year.
    Tesla Q2 2026 update - five-quarter revenue and gross margin by line, automotive margin excluding credits 15.0%/15.4%/17.9%/19.2%/16.3%, deliveries 480,126, cumulative 9.7M, lease fleet 141,876, storage deployed 9.6/12.5/14.2/8.8/13.5 GWh, Supercharger stations 8,704 and connectors 82,357, installed capacity by factory, services and other gross profit a record $648M at 14% — Q2 2025 - Q2 2026 · publ. July 2026 · source ↗
  15. ReportedIn 2025 revenue grew on more paid Supercharging sessions, non-warranty maintenance and collision work, higher used-vehicle volume and insurance.
    Tesla Form 10-K, FY2025 - revenue by line 2023-2025 (automotive sales $65,821M, credits $1,993M, leasing $1,712M, total automotive $69,526M; energy $12,771M; services and other $12,530M); gross profit total automotive $12,361M at 17.8% (18.4%, 19.4%), energy $3,802M; operating income $4,355M; 46.7 GWh deployed; services and other consists of used vehicles, non-warranty maintenance and collision, paid Supercharging, insurance, parts and merchandise; five consumer models; Megapack 3 and Megablock introduced 2025; historically sales achieved without relying on traditional advertising — FY2023-FY2025 · publ. January 2026 · source ↗
  16. ReportedThe gross margin went from 3.5% in 2022 to 5.9% in 2023, 5.8% in 2024 and 7.4% in 2025, and to 11.9% across the first half of 2026 against 4.7% a year earlier.
    Tesla Form 10-K, FY2025 - revenue by line 2023-2025 (automotive sales $65,821M, credits $1,993M, leasing $1,712M, total automotive $69,526M; energy $12,771M; services and other $12,530M); gross profit total automotive $12,361M at 17.8% (18.4%, 19.4%), energy $3,802M; operating income $4,355M; 46.7 GWh deployed; services and other consists of used vehicles, non-warranty maintenance and collision, paid Supercharging, insurance, parts and merchandise; five consumer models; Megapack 3 and Megablock introduced 2025; historically sales achieved without relying on traditional advertising — FY2023-FY2025 · publ. January 2026 · source ↗
  17. ReportedThe gross margin went from 3.5% in 2022 to 5.9% in 2023, 5.8% in 2024 and 7.4% in 2025, and to 11.9% across the first half of 2026 against 4.7% a year earlier.
    Tesla Form 10-Q, quarter ended 30 June 2026 - revenue and cost by line (automotive $20,516M, credits $146M against $439M; energy $3,139M against $2,789M; services and other $4,581M against $3,046M; six months $36,750M, $5,547M, $8,326M); energy gross margin 20.4% against 30.3% on sales mix and unfavourable warranty adjustments; 22.3 GWh deployed through June; automotive sales +27% on about 25% more cash deliveries; services growth from used vehicles, maintenance and collision, and paid Supercharging — Q2 2026 · publ. July 2026 · source ↗
  18. Moat Explorer calcThe gross margin went from 3.5% in 2022 to 5.9% in 2023, 5.8% in 2024 and 7.4% in 2025, and to 11.9% across the first half of 2026 against 4.7% a year earlier.
    Moat Explorer calculation from Tesla's Forms 10-K FY2017-FY2025, the Q4 2025 and Q2 2026 updates and the Q2 2026 10-Q: line shares of 2025 revenue (73%/13%/13%) and gross profit (72%/22%/5%); automotive margin excluding credits 15.4% (2025); margins 2021 29.3%, 2022 28.5%; revenue per car sold outright $53,077 (2022: $67,210M / 1,266,269) and $41,280 (2025: $65,821M / 1,594,512); energy margins 12.2% (2018), 0.9% (2020), -4.6% (2021), 7.4%, 18.9%, 26.2%, 29.8% (2022-2025), about 39.5% in Q1 2026; energy revenue per GWh about $410M, $321M, $273M (2023-2025), $232M (Q2 2026) and $290M (Q2 2025); services gross profit -$228M to -$104M (2017-2021), +$211M (2022) and margins 3.5%, 5.9%, 5.8%, 7.4%, 11.9% for H1 2026 against 4.7%; services CAGR 2021-2025 35%; June-quarter deliveries annualised at 85% of consumer-car capacity excluding Cybercab — 2015 to Q2 2026 · publ. 2026-09-23 · source ↗
  19. ReportedUsed cars are the part most likely to swing it: the 2026 increases came first from higher used-vehicle volume and average selling price, which depends on a used-car market Tesla does not control.
    Tesla Form 10-Q, quarter ended 30 June 2026 - revenue and cost by line (automotive $20,516M, credits $146M against $439M; energy $3,139M against $2,789M; services and other $4,581M against $3,046M; six months $36,750M, $5,547M, $8,326M); energy gross margin 20.4% against 30.3% on sales mix and unfavourable warranty adjustments; 22.3 GWh deployed through June; automotive sales +27% on about 25% more cash deliveries; services growth from used vehicles, maintenance and collision, and paid Supercharging — Q2 2026 · publ. July 2026 · source ↗
  20. ReportedIts own update says the June quarter's growth came from all major parts of the line, and that gross profit rose $302 million from the March quarter.
    Tesla Q2 2026 update - five-quarter revenue and gross margin by line, automotive margin excluding credits 15.0%/15.4%/17.9%/19.2%/16.3%, deliveries 480,126, cumulative 9.7M, lease fleet 141,876, storage deployed 9.6/12.5/14.2/8.8/13.5 GWh, Supercharger stations 8,704 and connectors 82,357, installed capacity by factory, services and other gross profit a record $648M at 14% — Q2 2025 - Q2 2026 · publ. July 2026 · source ↗
  21. ReportedRevenue rose every year from 2015 to 2025, from $291 million to $12,530 million, and compounded at about 35% a year from 2021.
    Tesla Form 10-K, FY2017 - revenue by line 2015-2017 (automotive $3,741M/$6,351M/$9,641M; energy generation and storage $14M/$181M/$1,116M; services and other $291M/$468M/$1,001M) and cost of revenues; SolarCity acquired 21 November 2016; Model S deliveries began June 2012 — FY2015-FY2017 · publ. February 2018 · source ↗
  22. ReportedRevenue rose every year from 2015 to 2025, from $291 million to $12,530 million, and compounded at about 35% a year from 2021.
    Tesla Form 10-K, FY2025 - revenue by line 2023-2025 (automotive sales $65,821M, credits $1,993M, leasing $1,712M, total automotive $69,526M; energy $12,771M; services and other $12,530M); gross profit total automotive $12,361M at 17.8% (18.4%, 19.4%), energy $3,802M; operating income $4,355M; 46.7 GWh deployed; services and other consists of used vehicles, non-warranty maintenance and collision, paid Supercharging, insurance, parts and merchandise; five consumer models; Megapack 3 and Megablock introduced 2025; historically sales achieved without relying on traditional advertising — FY2023-FY2025 · publ. January 2026 · source ↗
  23. Moat Explorer calcRevenue rose every year from 2015 to 2025, from $291 million to $12,530 million, and compounded at about 35% a year from 2021.
    Moat Explorer calculation from Tesla's Forms 10-K FY2017-FY2025, the Q4 2025 and Q2 2026 updates and the Q2 2026 10-Q: line shares of 2025 revenue (73%/13%/13%) and gross profit (72%/22%/5%); automotive margin excluding credits 15.4% (2025); margins 2021 29.3%, 2022 28.5%; revenue per car sold outright $53,077 (2022: $67,210M / 1,266,269) and $41,280 (2025: $65,821M / 1,594,512); energy margins 12.2% (2018), 0.9% (2020), -4.6% (2021), 7.4%, 18.9%, 26.2%, 29.8% (2022-2025), about 39.5% in Q1 2026; energy revenue per GWh about $410M, $321M, $273M (2023-2025), $232M (Q2 2026) and $290M (Q2 2025); services gross profit -$228M to -$104M (2017-2021), +$211M (2022) and margins 3.5%, 5.9%, 5.8%, 7.4%, 11.9% for H1 2026 against 4.7%; services CAGR 2021-2025 35%; June-quarter deliveries annualised at 85% of consumer-car capacity excluding Cybercab — 2015 to Q2 2026 · publ. 2026-09-23 · source ↗
  24. ReportedBy quarter, revenue ran $3,046 million, $3,475 million, $3,371 million, $3,745 million and $4,581 million from June 2025 to June 2026.
    Tesla Q2 2026 update - five-quarter revenue and gross margin by line, automotive margin excluding credits 15.0%/15.4%/17.9%/19.2%/16.3%, deliveries 480,126, cumulative 9.7M, lease fleet 141,876, storage deployed 9.6/12.5/14.2/8.8/13.5 GWh, Supercharger stations 8,704 and connectors 82,357, installed capacity by factory, services and other gross profit a record $648M at 14% — Q2 2025 - Q2 2026 · publ. July 2026 · source ↗
  25. ReportedIn the first half of 2026 it grew 46% to $8,326 million, and in the June quarter it was about 46% larger than the energy line, $4,581 million against $3,139 million.
    Tesla Form 10-Q, quarter ended 30 June 2026 - revenue and cost by line (automotive $20,516M, credits $146M against $439M; energy $3,139M against $2,789M; services and other $4,581M against $3,046M; six months $36,750M, $5,547M, $8,326M); energy gross margin 20.4% against 30.3% on sales mix and unfavourable warranty adjustments; 22.3 GWh deployed through June; automotive sales +27% on about 25% more cash deliveries; services growth from used vehicles, maintenance and collision, and paid Supercharging — Q2 2026 · publ. July 2026 · source ↗
  26. Moat Explorer calcIn the first half of 2026 it grew 46% to $8,326 million, and in the June quarter it was about 46% larger than the energy line, $4,581 million against $3,139 million.
    Moat Explorer calculation from Tesla's Forms 10-K FY2017-FY2025, the Q4 2025 and Q2 2026 updates and the Q2 2026 10-Q: line shares of 2025 revenue (73%/13%/13%) and gross profit (72%/22%/5%); automotive margin excluding credits 15.4% (2025); margins 2021 29.3%, 2022 28.5%; revenue per car sold outright $53,077 (2022: $67,210M / 1,266,269) and $41,280 (2025: $65,821M / 1,594,512); energy margins 12.2% (2018), 0.9% (2020), -4.6% (2021), 7.4%, 18.9%, 26.2%, 29.8% (2022-2025), about 39.5% in Q1 2026; energy revenue per GWh about $410M, $321M, $273M (2023-2025), $232M (Q2 2026) and $290M (Q2 2025); services gross profit -$228M to -$104M (2017-2021), +$211M (2022) and margins 3.5%, 5.9%, 5.8%, 7.4%, 11.9% for H1 2026 against 4.7%; services CAGR 2021-2025 35%; June-quarter deliveries annualised at 85% of consumer-car capacity excluding Cybercab — 2015 to Q2 2026 · publ. 2026-09-23 · source ↗
  27. ReportedRivals adopted Tesla's connector in 2023 and 2024, so their drivers can pay for sessions here; the trade-off is argued in The Rivals Who Plug Into Tesla's Chargers.
    Tesla, North American Charging Standard: rival automakers adopted Tesla's connector and Supercharger access (2023-24) — 2023-2026 · publ. 2023-2026 · source ↗
  28. ReportedTesla expects continued profit growth as the fleet grows and efficiency improves.
    Tesla Q2 2026 update - five-quarter revenue and gross margin by line, automotive margin excluding credits 15.0%/15.4%/17.9%/19.2%/16.3%, deliveries 480,126, cumulative 9.7M, lease fleet 141,876, storage deployed 9.6/12.5/14.2/8.8/13.5 GWh, Supercharger stations 8,704 and connectors 82,357, installed capacity by factory, services and other gross profit a record $648M at 14% — Q2 2025 - Q2 2026 · publ. July 2026 · source ↗
Sources
Generated September 23, 2026