Tesla, Inc. (TSLA): ev to ebit, 10 filed years

EV/EBIT at Tesla, Inc. was 363.91x in FY2025, the newest filed year. Across the 6 computed years from FY2020 it ranged from 30.58x (FY2022) to 380.18x (FY2020), with a median of 190.40x.

Tonight's figure on the company page: 293.20x, at the close of 2026-10-15, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.

Year by year

Tesla, Inc.: EV/EBIT for each filed fiscal year, with the filing behind each.
Fiscal year	EV/EBIT	Close used	Read from
FY2016 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.	n/a	14.25 on 2016-12-30	10-K, filed 2017-03-01
FY2017 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.	n/a	20.76 on 2017-12-29	10-K, filed 2018-02-23
FY2018 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.	n/a	22.19 on 2018-12-31	10-K, filed 2019-02-19
FY2019 Operating income is zero or below, so the multiple is not defined (n/m).	n/m	27.89 on 2019-12-31	10-K, filed 2020-02-13
FY2020	380.18x	235.22 on 2020-12-31	10-K, filed 2021-02-08
FY2021	181.52x	352.26 on 2021-12-31	10-K, filed 2022-02-07
FY2022	30.58x	123.18 on 2022-12-30	10-K, filed 2023-01-31
FY2023	96.63x	248.48 on 2023-12-29	10-K, filed 2024-01-29
FY2024	199.28x	403.84 on 2024-12-31	10-K, filed 2025-01-30
FY2025	363.91x	449.72 on 2025-12-31	10-K, filed 2026-01-29

How each year is computed

(Close at fiscal year end x diluted shares + total debt - cash) / operating income

P/E, free cash flow yield and EV to EBIT set each filed year against the close on or within a week before that fiscal year's end. The price archive here is about five years deep, so older years of those three read n/a. Per-share figures and share counts are put on today's share count after a confirmed split, the basis the price archive is kept on.

Read further

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

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