The financials
What Tesla and SpaceX (with xAI and X) earn, what they keep, and how much of it comes back every month. Every chart here can be read by year or by quarter; every figure is cited beneath it.
Operating profit and losses
Each company’s operating income in each period: profits above the line, losses below. Beneath, the running total since 2010. Hatched: not a reported quarter (a year spread evenly over its quarters, or a press-reported figure).
How to read the two companies
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Revenue, by line
Tesla in warm colours, SpaceX in cool. By quarter, Tesla’s FSD stays inside vehicles (it is only carved out by year).
Recurring revenue
Billed every period under a subscription or contract: Starlink service, compute capacity, X Premium and Grok, leasing, FSD subscriptions.
One-time revenue
Sold once: cars, Megapacks, Starlink kits, launches, regulatory credits.
Cars delivered
Tesla deliveries, from its production and delivery releases.
Starlink subscribers
SpaceX’s audited consumer-subscriber count at each quarter end, and the customer counts it announced before.
The main lines, side by side
USD billions. Full years and the latest year to date, from the 10-Ks, 10-Qs and SpaceX’s prospectus.
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The private ones
Neuralink and The Boring Company file nothing public. What their funding, operations and contracts show is on Neuralink and Boring.