Tesla Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Tesla Inc (TSLA) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Tesla Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 103,570M vs 447,345M combined for its competitors (18.8% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+8.3% annualized vs trailing 12 months), vs accelerating (+6.2%) for its tracked peer group.
- Growth: Tesla Inc generated -0.2% revenue growth year over year in Q3 2026, vs 0.9% for its competitors combined.
- Profitability: Its 2.8% net margin compares with 4.2% for the peer group.
- Scale: Tesla Inc ranks #2 of 31 companies by market capitalization in the EV, Auto & Truck Manufacturers industry, holding 27.5% of industry market cap.
- Peer revenue share: Tesla Inc accounted for 19.1% of combined revenue among its tracked peer group, down from 19.3% a year earlier.
- Peer differentiation: Revenue per employee of $0.77M compares with $1.61M for the peer group (0.5x).
- Structure: Tesla Inc operates in the following segments: Automotive, Energy Generation and Storage.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
TSLA Sales vs. its Competitors, Q3 2026
Tesla Inc reported revenue contraction of 0.17 % year on year in Q3 2026, below its competitors' combined revenue growth of 0.86 %.
With a net margin of 2.81 %, Tesla Inc reported lower profitability than its competitors (4.18 %).
Tesla Inc generated 19.10 % of the combined sales of its peer group, down from 19.26 % a year earlier.
API endpoints for this dataset
Tesla Inc vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Tesla Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Tesla Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Tesla Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (7) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (2) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Tesla Inc's competitor groups requires a Commercial License.
For context: the EV, Auto & Truck Manufacturers industry grew revenue 3.7% year over year, combined, vs -0.2% for Tesla Inc. Tesla Inc's share of combined industry revenue moved from 2.56% to 2.46%, a loss of 0.10 percentage points.
Tesla Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Tesla Inc | Yes | Yes | Yes | No |
| Competitors combined (48) | ||||
| High-Confidence Competitors (37) | ||||
| Similar-Size Competitors (6) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 75.00 % (6 of 8) | 25.00 % (2 of 8) | 25.00 % (2 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
TSLA Stock Performance relative to its Competitors
TSLA Stock Performance relative to High-Confidence Competitors
TSLA Stock Performance relative to Similar-Size Competitors
TSLA Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Newhydrogen Inc | 282.9% | Outperformed |
| 2 | Nxu Inc | 282.9% | Outperformed |
| 3 | General Motors Company | 282.9% | Outperformed |
| 4 | Honda Motor Co Ltd | 282.9% | Outperformed |
| 5 | Chargepoint Holdings Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Tesla Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Tesla Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Tesla Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Tesla Inc |
1,268,457.02 | 103,570.00 |
 Honda Motor Co Ltd |
167,142.10 | 142,393.78 |
 General Motors Company |
76,423.92 | 186,951.00 |
 Ferrari N v |
74,204.72 | 8,079.16 |
 Ford Motor Co |
50,705.44 | 188,248.00 |
 Li Auto Inc |
26,848.38 | 15,626.99 |
| SUBTOTAL | 1,729,646.55 | 2,244,802.01 |
Sign in to see all competitors of Tesla Inc .
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Tesla Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Tesla Inc's Competitors Named by the Company
Competitive relationships identified from Tesla Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Chargepoint Holdings Inc | Company report | 85% |
| Neovolta Inc | Company report | 85% |
| Biolargo Inc | Company report | 85% |
| Aeternum Health Inc | Company report | 85% |
| Blink Charging Co | Company report | 85% |
| Phoenix Motor Inc | Company report | 85% |
| Nikola Corporation | Company report | 85% |
| Enphase Energy Inc | Company report | 85% |
| Nuvve Holding Corp | Company report | 85% |
| Polestar Automotive Holding Uk Plc | Company report | 85% |
| Nubia Brand International Corp | Company report | 85% |
| Nxu Inc | Company report | 85% |
| Faraday Future Intelligent Electric Inc | Company report | 85% |
| Energy Vault Holdings Inc | Company report | 85% |
| Ses Ai Corporation | Company report | 85% |
| Ess Tech Inc | Company report | 85% |
| Eos Energy Enterprises Inc | Company report | 85% |
| Li Auto Inc | Company report | 85% |
| Solarmax Technology Inc | Company report | 85% |
| Carvana Co | Company report | 85% |
| Evgo Inc | Company report | 85% |
| Solaredge Technologies Inc | Company report | 85% |
| Mobileye Global inc | Company report | 85% |
| Canadian Solar inc | Company report | 85% |
| SPEV | Company report | 85% |
| Electrovaya Inc | Company report | 85% |
| Albemarle Corporation | Company report | 85% |
| PEV | Company report | 85% |
| Skyworks Solutions Inc | Company report | 85% |
| Nwtn Inc | Company report | 85% |
| FFIE | Company report | 85% |
| Turbo Energy S A | Company report | 85% |
| Fisker Inc | Company report | 85% |
| Sunpower Corp | Company report | 85% |
| Fluence Energy Inc | Company report | 85% |
| Tritium Dcfc Limited | Company report | 85% |
| Volta Inc | Company report | 85% |
| Hyzon Motors Inc | Company report | 85% |
| Ads Tec Energy Public Ltd Co | Company report | 85% |
| Electrameccanica Vehicles Corp | Company report | 85% |
| Quantumscape Corporation | Company report | 85% |
| Liveone Inc | Company report | 85% |
| Global Technologies Ltd | Company report | 85% |
| Electriq Power Holdings Inc | Company report | 85% |
| Microvast Holdings Inc | Company report | 85% |
| Lithia Motors Inc | Company report | 85% |
| Envirotech Vehicles Inc | Company report | 85% |
| Sonic Automotive Inc | Company report | 85% |
| Dragonfly Energy Holdings Corp | Company report | 85% |
| Mercedes-Benz Group AG | Company report | 85% |
| Toyota Motor Corp | Company report | 85% |
| Honda Motor Co Ltd | Company report | 85% |
| Renault SA | Company report | 85% |
| Vinfast Auto ltd | Company report | 85% |
| Ford Motor Co | Company report | 85% |
| Volvo | Company report | 85% |
| Hyundai Motor Co | Company report | 85% |
| Stellantis N v | Company report | 85% |
| Xpeng Inc | Company report | 85% |
| General Motors Company | Company report | 85% |
| Rivian Automotive Inc | Company report | 85% |
| VOLKSWAGEN GROUP | Company report | 85% |
| BYD | Company report | 85% |
| Beam Global | Company report | 85% |
| Bollinger Innovations Inc | Company report | 85% |
| Ferrari N v | Company report | 85% |
| Bayerische Motoren Werke BMW AG | Company report | 85% |
Company report basis, confidence, active dates and source counts for Tesla Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Tesla Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Tesla Inc | Automotive 89.73 % |
| General Motors Company | GM North America 82.81 % |
| Ford Motor Co | Ford Blue 54.68 % |
| Rivian Automotive Inc | Automotive 71.93 % |
| Oshkosh Corporation | Access 47.14 % |
| Lithia Motors Inc | Vehicle Operations 100.00 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Tesla Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Tesla Inc | 1,268,457 | 768,409 | 24,202 |
| Honda Motor Co Ltd | 167,142 | 730,251 | 30,405 |
| General Motors Company | 76,424 | 1,198,404 | 26,500 |
| Ferrari N v | 74,205 | 1,412,935 | 316,273 |
| Ford Motor Co | 50,705 | 1,113,893 | -46,012 |
| Li Auto Inc | 26,848 | 2,586,822 | 26,972 |
| PEERS TOTAL | 461,190 | 1,614,391 | -4,926 |
Tesla Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Tesla Inc | United States 44.55 % |
| Oshkosh Corporation | US 87.40 % |
| Lithia Motors Inc | United States 75.93 % |
| Enphase Energy Inc | United States 79.60 % |
| Eos Energy Enterprises Inc | United States 92.02 % |
| Chargepoint Holdings Inc | United States 74.76 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Tesla Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 27 companies in Tesla Inc's industry classification, broader than the peer set above. Market cap in millions of $.Tesla Inc ranks #2 of 27 companies by market capitalization in its industry, holding 27.54 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 4,650, indicating a highly concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Toyota Motor Corp | 2,865,048 | 62.21 % |
| 2 | Tesla Inc | 1,268,099 | 27.54 % |
| 3 | Honda Motor Co Ltd | 167,142 | 3.63 % |
| 4 | General Motors Company | 78,406 | 1.70 % |
| 5 | Ferrari N v | 1,234 | 5.2% |
| 6 | Ford Motor Co | 1,234 | 5.2% |
| 7 | Li Auto Inc | 1,234 | 5.2% |
| 8 | Rivian Automotive Inc | 1,234 | 5.2% |
| 9 | Stellantis N v | 1,234 | 5.2% |
| 10 | Xpeng Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Tesla Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Tesla Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Toyota Motor Corp | 2,865,048 | 7.32 % |
| 2 | Tesla Inc | 1,268,099 | -23.99 % |
| 3 | Honda Motor Co Ltd | 167,142 | 15.33 % |
| 4 | General Motors Company | 1,234 | 12.3% |
| 5 | Ferrari N v | 1,234 | 12.3% |
| 6 | Ford Motor Co | 1,234 | 12.3% |
| 7 | Li Auto Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Tesla Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Tesla Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the EV, Auto & Truck Manufacturers industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (50 companies). See the full EV, Auto & Truck Manufacturers industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 19.29 % | 4.06 % (avg) | +15.2 pp |
| Operating Margin | 3.35 % | industry median | +2.2 pp |
| EBITDA Margin | 8.88 % | -13.39 % (avg) | +22.3 pp |
| Capital Intensity (Capex / Revenue) | 14.88 % | 10.01 % (avg) | +4.9 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Tesla Inc's Valuation vs Competitive Position
Valuation multiples vs the EV, Auto & Truck Manufacturers industry average (50 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full EV, Auto & Truck Manufacturers industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 393.2x | 26.6x | +366.6x |
| EV / EBITDA | 136.5x | 23.3x | +113.3x |
| P/B | 14.8x | 4.6x | +10.1x |
| Return on Equity | 3.80 % | industry aggregate | 5.09 % |
| Return on Invested Capital | 1.79 % | -7.22 % (avg) | 9.01 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Tesla Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 82.51 % | 14.52 % | 28.31 % | 70.67 % | 51.35 % | 18.80 % | 0.95 % | -2.93 % |
| Operating Margin | -1.81 % | -0.28 % | 6.32 % | 12.12 % | 16.76 % | 9.19 % | 7.24 % | 4.59 % |
| Return on Invested Capital | -1.70 % | -0.26 % | 4.56 % | 10.00 % | 15.68 % | 7.41 % | 4.53 % | 2.52 % |
| P/E | - | - | 3,187.4x | 655.8x | 44.2x | 55.1x | 157.7x | 410.4x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Tesla Inc's Strategic Group Map
Tesla Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Tesla Inc's trailing-12-month revenue growth of 8.3% and operating margin of 3.4% compares with an average of 2.4% growth and 3.3% margin across its 8 closest peers by combined growth, margin and ROIC -- Tesla Inc sits above that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Tesla Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Tesla Inc falls in the Dog quadrant: relative market share of 0.44x vs its largest competitor, in an industry growing revenue 3.1% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Toyota Motor Corp alone holds 62% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Tesla Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 4,650 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 14.88 % vs industry average 10.01 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Tesla Inc's dedicated Suppliers and Customers pages, not here.
Tesla Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Tesla Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Tesla Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Return on equity 5.1 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+8.3% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.44x).
Opportunities
- A meaningful share of competitors (45.70 %) show financial-distress signals, a possible opening to gain share.
Threats
- Industry dominated by Toyota Motor Corp, holding 62.21 % of industry market cap.
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
Tesla Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Tesla Inc | 0.47 | 1.96 | 0.05 |
| Honda Motor Co Ltd | 0.53 | 1.36 | 0.76 |
| General Motors Company | 0.22 | 1.13 | 0.82 |
| Ferrari N v | 13.62 | 44.77 | - |
| Ford Motor Co | 0.19 | 1.08 | 0.65 |
| Li Auto Inc | 0.89 | 1.81 | 0.13 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Tesla Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Tesla Inc | Q3 2026 | -0.2 % | -43.3 % |
| Honda Motor Co Ltd | Q1 2025 | +0.6 % | -27.6 % |
| General Motors Company | Q3 2026 | +2.9 % | +157.9 % |
| Ferrari N v | Q4 2025 | +11.8 % | +9.5 % |
| Ford Motor Co | Q3 2026 | -2.6 % | -16.3 % |
| Li Auto Inc | Q4 2025 | -22.2 % | -85.2 % |
| PEERS TOTAL | +2.1 % | -86.6 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Tesla Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Tesla Inc | Q3 2026 | -2.1 % | +110.5 % |
| Honda Motor Co Ltd | Q1 2025 | +1.6 % | +38.8 % |
| General Motors Company | Q3 2026 | - | +10.1 % |
| Ferrari N v | Q4 2025 | +8.6 % | +5.1 % |
| Ford Motor Co | Q3 2026 | -2.9 % | +7.5 % |
| Li Auto Inc | Q4 2025 | -17.0 % | -43.2 % |
Tesla Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Tesla Inc | 2.22% | 3.04% | 3.80% |
| Honda Motor Co Ltd | 2.89% | 4.01% | 7.04% |
| General Motors Company | 1.46% | 2.42% | 6.46% |
| Ferrari N v | 16.00% | 19.93% | 39.36% |
| Ford Motor Co | - | - | - |
| Li Auto Inc | 0.74% | 1.24% | 1.57% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Tesla Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Tesla Inc | 393.65 | 12.25 |
| Honda Motor Co Ltd | 0.20 | 1.17 |
| General Motors Company | 19.06 | 0.41 |
| Ferrari N v | 46.44 | 9.18 |
| Ford Motor Co | - | 0.27 |
| Li Auto Inc | 23.20 | 1.72 |
| PEERS AVERAGE | - | 0.77 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.