Tesla, Inc. (TSLA)
NASDAQConsumer DiscretionaryAuto - ManufacturersSnapshot 2026-09-04
$354.08-5.92%
Close 2026-09-04 · 1-day change
NASDAQConsumer DiscretionaryAuto - ManufacturersSnapshot 2026-09-04
QuarterlyIQ Insights · TSLA
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within consumer discretionary on a research-validated quality screen. As of 2026-09-04.
The screen ranks TSLA against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 0 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated neutral grew net income 45% of the time over the next year (vs 59% for the rest of the cohort, n=6943).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue ramping volume production of Cybercab and Tesla Semi, with Cybercab production started at Gigafactory Texas and Tesla Semi factory construction progressing for 2026 production.
Stated as a priority in 6 of last 6 quarters. Cybercab production began at Gigafactory Texas in 2026-Q2, and Tesla Semi factory construction is progressing with production planned for 2026. Management consistently emphasized ramping these products, and the trajectory shows delivering on volume production starts as planned.
“Cybercab began production at Gigafactory Texas, Tesla Semi remains on track for production this year at our new factory in Nevada.”
“We commenced ramp of additional AI compute, new factories across battery and battery materials, and further prepared lines for start of production of Megapack 3, Cybercab and the Tesla Semi.”
“Preparations continue in North America for the production ramps of Tesla Semi and Cybercab, both commencing 1H26.”
“Preparation of the Semi factory continues and remains on track with builds scheduled to start by the end of 2025. Preparation is underway for Cybercab lines at Gigafactory Texas with volume productio…”
“Development of Semi and Cybercab, both slated for volume production in 2026.”
“We continue to make critical, high-value investments while maintaining a strong balance sheet during this uncertain period. Cybercab will continue to pursue a revolutionary manufacturing strategy and…”
Continue to expand AI training compute capacity at Gigafactory Texas and develop next-generation AI inference chips AI5 and AI6 for autonomy and robotics.
Stated as a priority in 6 of last 6 quarters. AI training compute capacity at Gigafactory Texas increased from ~50k H100 equivalents in 2025-Q4 to over 100k in 2026-Q2. Development of AI5 inference chip completed with production planned for 2027. Management is delivering on compute expansion and chip development as planned.
Increase energy storage deployments globally, including ramping Megapack 3 production at new Megafactory Texas and expanding Powerwall 3 availability.
Stated as a priority in 6 of last 6 quarters. Energy storage deployments increased 41% YoY from 9.6 GWh in 2025-Q2 to 13.5 GWh in 2026-Q2. Megafactory Texas is nearing completion for Megapack 3 production planned for 2026. Management is delivering growth and ramp progress consistent with stated priorities.
Expand Robotaxi service coverage in U.S. metros and grow FSD (Supervised) subscription adoption and geographic approvals.
Stated as a priority in 6 of last 6 quarters. Active FSD subscriptions increased 56% from 0.95 million in 2025-Q2 to 1.48 million in 2026-Q2. Robotaxi service expanded to seven U.S. metros with unsupervised rides launched in multiple cities. Management is delivering on expansion and adoption consistent with stated goals.
Manage business to ensure strong liquidity and balance sheet to fund product roadmap, capacity expansion, vertical integration, and other expenses.
Stated as a priority in 6 of last 6 quarters. Cash, cash equivalents and investments increased from $36.6B in 2024-Q4 to $43.5B in 2026-Q2. Management consistently emphasizes maintaining a strong balance sheet to fund growth and investments, and the financials show delivering on this priority.
Over the trailing year it converted 1.08x of net income into operating cash flow. Historically, Consumer Discretionary names rated neutral grew net income 49% of the time over the next year (vs 49% for the rest of the cohort, n=4864).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
5 material management or governance events in the past 24 months, led by executive changes. Historically, Consumer Discretionary names rated stable grew net income 47% of the time over the next year (vs 53% for the rest of the cohort, n=1906).
Not investment advice. As of 2026-09-04.
“We have more than doubled our onsite compute in Texas during the first half of 2026. Cortex 2 supports development of vehicle and humanoid robot autonomy software.”
“We commenced ramp of additional AI compute and further prepared lines for start of production of Megapack 3, Cybercab and Tesla Semi.”
“We completed deployment of Cortex, a ~50k H100 training cluster at Gigafactory Texas, enabling FSD V13 with major improvements.”
“Increased AI training compute by over 75% in Q3; deployed and training ahead of schedule on a 29k H100 cluster at Gigafactory Texas.”
“Expanded AI training compute with an additional 16k H200 GPUs at Gigafactory Texas, bringing Cortex to 67k H100 equivalents.”
“AI is a major pillar of growth; AI infrastructure is driving rapid load growth, creating an outsized opportunity for Energy storage products.”
“Energy Storage business returned to growth, achieving second-best quarterly deployment; Megafactory Texas nearing completion for Megapack 3 production.”
“Further prepared lines for start of production of Megapack 3; began ramping lithium, cathode and LFP production.”
“Record Q4 & FY 2025 energy storage deployments; Megapack 3 and Megablock production planned at Megafactory Houston in 2026.”
“Record energy storage deployments across residential, industrial and utility sectors; launched Megapack 3 and Megablock.”
“Deployed first Megapacks from Megafactory Shanghai; energy storage deployments continue to grow.”
“Energy storage deployments achieved their 12th consecutive quarterly record; Megapack product helps increase grid utilization.”
“Robotaxi rollout continued in U.S. and is now live in seven major metros; FSD (Supervised) penetration continued to grow with record net new subscriptions.”
“Launched unsupervised Robotaxi rides in Dallas and Houston; received approval for FSD (Supervised) in Netherlands.”
“Began removing safety monitor from Robotaxis in Austin; launched Robotaxi service in Bay Area; FSD (Supervised) continued rapid improvement.”
“Launched ride-hailing service in Bay Area using Robotaxi technology; FSD (Supervised) monthly subscriptions more than doubled in 2025.”
“Launched Robotaxi service in Austin; FSD (Supervised) adoption grew with record net new subscriptions.”
“Pilot launch of Robotaxi in Austin planned by June; builds of Optimus on Fremont pilot line in 2025; FSD (Supervised) expanding.”
“We will manage the business such that we ensure a strong balance sheet, maintaining sufficient liquidity to fund our product roadmap, long-term capacity expansion plans including further vertical int…”
“We will manage the businesses such that we ensure a strong balance sheet, maintaining sufficient liquidity to fund our product roadmap, long-term capacity expansion plans including further vertical i…”
“We continue to make critical, high-value investments while maintaining a strong balance sheet during this uncertain period.”
“We have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses. We will manage the business such that we maintain a strong balance sheet during period…”
“We have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses. We will manage the business such that we maintain a strong balance sheet during this u…”
“We continue to make critical, high-value investments while maintaining a strong balance sheet during this uncertain period.”