For the year ending 2025-12-31, TSLA had $579M increase in cash & cash equivalents over the period. $6,220M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 3,855 | 7,153 | 14,974 | 12,587 |
| Depreciation, amortization and impairment | 6,148 | 5,368 | 4,667 | 3,747 |
| Stock-based compensation | 2,825 | 1,999 | 1,812 | 1,560 |
| Inventory and purchase commitments write-downs | 362 | 335 | 463 | 177 |
| Foreign currency transaction net unrealized loss (gain) | -452 | 73 | 144 | -81 |
| Deferred income taxes | 123 | 477 | -6,349 | - |
| Non-cash interest and other operating activities | -272 | -172 | -81 | -340 |
| Digital assets loss (gain), net | -68 | 589 | 0 | -140 |
| Accounts receivable | 261 | 1,083 | 586 | 1,124 |
| Inventory | 630 | -937 | 1,195 | 6,465 |
| Operating lease vehicles | 25 | 590 | 1,952 | 1,570 |
| Prepaid expenses and other assets | 3,181 | 3,273 | 2,652 | 1,417 |
| Other non-current assets | - | - | - | 2,551 |
| Accounts payable, accrued and other liabilities | 4,376 | 3,588 | 2,605 | 6,029 |
| Deferred revenue | 363 | 502 | 1,532 | 1,131 |
| Customer deposits | - | - | - | 155 |
| Other long-term liabilities | - | - | - | 1,904 |
| Net cash provided by operating activities | 14,747 | 14,923 | 13,256 | 14,724 |
| Purchases of property and equipment excluding finance leases, net of sales | 8,527 | 11,339 | 8,898 | 7,158 |
| Purchases of solar energy systems, net of sales | - | 3 | 1 | 5 |
| Purchases of digital assets | - | - | 0 | 0 |
| Proceeds from sales of digital assets | - | 0 | 0 | 936 |
| Purchase of intangible assets | - | 0 | 0 | 9 |
| Purchases of investments | 37,109 | 35,955 | 19,112 | 5,835 |
| Proceeds from maturities of investments | 30,158 | 28,310 | 12,353 | 22 |
| Proceeds from sales of investments | 0 | 200 | 138 | - |
| Receipt of government grants | - | 0 | 0 | 76 |
| Business combinations, net of cash acquired | 0 | 0 | 64 | 0 |
| Net cash used in investing activities | -15,478 | -18,787 | -15,584 | -11,973 |
| Proceeds from issuances of common stock in public offerings, net of issuance costs | - | - | - | 0 |
| Proceeds from issuances of debt | 5,586 | 5,744 | 3,931 | 0 |
| Repayments of convertible and other debt | - | - | - | 3,364 |
| Repayments of debt | - | - | 1,351 | - |
| Collateralized lease repayments | - | - | 0 | 0 |
| Repayments of debt | 5,546 | 2,500 | - | - |
| Proceeds from exercises of stock options and other stock issuances, net of issuance costs | 1,186 | 1,241 | 700 | 541 |
| Principal payments on finance leases | 104 | 381 | 464 | 502 |
| Proceeds received from directors in shareholder settlement | 277 | - | - | - |
| Payment of legal fees associated with shareholder settlement | 176 | - | - | - |
| Debt issuance costs | 6 | 14 | 29 | 0 |
| Proceeds from investments by noncontrolling interests in subsidiaries | - | - | 0 | 0 |
| Distributions paid to noncontrolling interests in subsidiaries | 78 | 104 | 144 | 157 |
| Payments for buy-outs of noncontrolling interests in subsidiaries | 0 | 133 | 54 | 45 |
| Net cash provided by financing activities | 1,139 | 3,853 | 2,589 | -3,527 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | 171 | -141 | 4 | -444 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 579 | -152 | 265 | -1,220 |
| Cash and cash equivalents at beginning of period | 17,037 | 17,189 | 16,924 | 18,144 |
| Cash and cash equivalents at end of period | 17,616 | 17,037 | 17,189 | 16,924 |
Tesla, Inc. (TSLA)
Tesla, Inc. (TSLA)