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Tesla (NASDAQ: TSLA) reported that most of its $1.3 trillion market capitalization comes from electric vehicle (EV) sales, which generated 75% of its total revenue. The company delivered 1.79 million cars in 2024, a 1% decline from the previous year. However, deliveries increased by 7% in Q3 2025, due to preemptive purchases before the expiration of a $7,500 EV tax credit.
Upcoming products, such as the Cybercab robotaxi and Optimus humanoid robot, are expected to significantly boost revenue, with projections of $756 billion for Cybercab by 2029 and $10 trillion for Optimus long-term. Despite this potential, Tesla’s stock currently trades at a P/E ratio of 285, suggesting limited upside as analysts forecast only 15% revenue growth for 2026 from its existing EV business.
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