Tesla, Inc. (TSLA): Business Model Canvas [Dec-2025 Updated]

You're digging into the financials of the company that redefined electric vehicles, and frankly, the old narrative is obsolete; this is now a complex tech and energy platform, not just an automaker. I've mapped out the nine critical blocks of their Business Model Canvas, showing how they balance massive capital needs-projected at $10 billion CapEx for 2025-with diverse revenue streams like the $20.36 billion in automotive sales for Q3 2025, alongside the rapidly growing $3.42 billion from Energy Generation and Storage that same quarter. If you want the precise breakdown of their vertical integration, proprietary battery tech, and the FSD software engine that underpins their valuation, keep reading below.

Tesla, Inc. (TSLA) - Canvas Business Model: Key Partnerships

Battery cell suppliers like CATL and LG Chem for global production scale

Tesla, Inc. relies on external cell suppliers to meet its global vehicle and energy storage demand, complementing its in-house 4680 production, which aimed for 100 GWh annually in 2024.

• Contemporary Amperex Technology Co. Limited (CATL) supplied prismatic LFP cells for Model 3 Standard Range vehicles in 2025.
• CATL held 37% of the Global EV Battery Market in 2023.
• LG Energy Solution (LGES) is a key supplier, with a 2025 capacity goal of 540 GWh.
• LGES confirmed a $4.3 billion supply agreement with an unnamed customer for US-made LFP cells, reportedly for Tesla's energy storage products, to be delivered globally from 2027 to 2030.
• In 2023, LG Energy Solution held 14.5% of the global EV battery market share.

$1 billion joint venture with SRAM & MRAM Group for new battery Gigafactories

Tesla Group a.s. entered a significant agreement to scale battery manufacturing capacity outside of its primary operations.

The planned locations for these facilities include India and 15 other countries such as the US, Malaysia, Oman, Brazil, the UAE, and Cambodia.

Licensing Full Self-Driving (FSD) technology to other major automakers

Despite repeated offers from Tesla leadership, no major automaker has finalized a deal to license the Full Self-Driving (FSD) system as of late 2025.

• Elon Musk stated that rivals who have reached out only discuss implementing FSD for a 'tiny program in 5 years with unworkable requirements for Tesla'.
• Tesla's FSD remains classified as a Level 2 system, requiring constant driver supervision.

Utility-scale partners for Megapack and Autobidder energy projects

The energy division utilizes partnerships with utilities and independent power producers, leveraging the Autobidder platform for revenue maximization.

• A 125 MW/250 MWh Megapack project in North Texas was energized, operating with the Electric Reliability Council of Texas (ERCOT).
• Tesla secured a contract for three Megapack projects totaling 15.3 GWh across three sites, with 966 MWh located in Texas, in partnership with Intersect Power.
• The Lathrop, California Megapack factory has an expected annual production volume of 10,000 Megapacks, equating to 40 GWh.
• Tesla reported $3.4 billion in revenue from energy generation and storage in Q3 2025.
• Autobidder manages assets globally, handling hundreds of megawatt-hours, from residential aggregations to 100MW utility-scale installations.

Global raw material suppliers for lithium, nickel, and cobalt components

Securing raw materials is managed through direct, long-term contracts to support both vehicle and energy storage production.

• Tesla confirmed a long-term nickel deal with Vale, the world's largest nickel producer.
• Agreements for lithium include one with Sichuan Yahua Industrial Group for battery-grade lithium hydroxide through 2030.
• Yahua is also set to supply an unspecified amount of lithium carbonate between 2025 and 2027 from a separate agreement finalized in June 2024.
• Tesla's in-house lithium refinery in Texas is expected to begin full production in 2025, with a projected capacity of 50 GWh of battery-grade lithium per year.
• In 2021, Tesla procured over 95% of lithium hydroxide, over 50% of cobalt, and over 30% of nickel directly from nine mining and chemicals companies.

Tesla, Inc. (TSLA) - Canvas Business Model: Key Activities

You're looking at the core engine driving Tesla, Inc. (TSLA) performance as of late 2025. It's all about control over the process, from the ground up to the software running the car.

Vertical integration of manufacturing, from raw materials to final assembly

Tesla, Inc. operates six huge, vertically integrated factories across three continents. This strategy means the company controls around 80% of its supply chain. This in-house control reportedly led to a 15% reduction in production costs over the past two years. The company designs and builds its electric motors and power electronics internally, helping it avoid bottlenecks that slow down competitors.

The integration extends deeply into the energy side, too. Tesla doesn't just assemble batteries; it integrates the production of individual battery components, like electrodes and cells, within the same facilities.

Continuous software development for Full Self-Driving (FSD) and AI models

Software development is a constant activity, pushing out new versions like FSD v14.2, which saw a wide release. Tesla is offering 30-day FSD v14 trials to an estimated 1.5 million HW4 vehicles in North America. The company claims cars driving with FSD (Supervised) on have almost 1.5x as good a safety record globally on city streets compared to similar Teslas driven manually. That is 4 times better than very old Teslas lacking active safety tools. You should note that the company was collecting 1 billion miles of driving data monthly as of 2024 fleet statistics. OTA (over-the-air) software updates generated $2.3 billion in revenue in 2023.

The focus remains on achieving unsupervised driving, though current FSD is classified as Level 2 partial automation, requiring driver supervision.

• FSD v14.2 wide release confirmed.
• North American HW4 trial fleet size estimated at 1.5 million units.
• FSD (Supervised) collision record: almost 1.5x better than manual driving (city streets, global).
• Monthly driving data collected (2024 fleet): 1 billion miles.

Scaling production of the Cybertruck and new, more affordable vehicles

Scaling remains a central activity, though production ramp-ups show mixed results. For the first quarter of 2025, Tesla produced over 362,000 vehicles and delivered over 336,000 vehicles. Total 2024 deliveries reached 1,789,226 units. The new Rear-Wheel-Drive (RWD) Cybertruck variant has a starting price of $50,000. While the initial capacity target for the Cybertruck was roughly 250,000 units per year by 2025, the actual sales volume in 2025 is reported around 20,000 units per year. Model Y orders sold out in China for 2025, pushing new orders into January to February 2026.

Global expansion of the Supercharger and Megapack energy infrastructure

Energy deployment is a key activity, supporting vehicle adoption and grid stability. In the first quarter of 2025, Tesla deployed 10.4 GWh of energy storage products. This follows a record 11 GWh deployed through Megapack and Powerwall products in Q4 2024. The total battery energy storage systems deployed in 2024 reached 31.4 GWh. The Supercharger network continues to expand, with an increase to 7,791 stations globally as of the latest reported figures.

This infrastructure build-out is essential for supporting the growing fleet and energy storage segment.

• Q1 2025 Energy Storage Deployment: 10.4 GWh.
• 2024 Total Energy Storage Deployment: 31.4 GWh.
• Supercharger Stations Globally: Increase to 7,791.

Ramping up Optimus humanoid robot production for external deliveries

There are no publicly available, real-life statistical or financial numbers as of late 2025 regarding the external delivery ramp-up of the Optimus humanoid robot.

Tesla, Inc. (TSLA) - Canvas Business Model: Key Resources

You're looking at the core assets that power Tesla, Inc.'s entire operation as of late 2025. These aren't just assets; they are the moat, the stuff competitors can't easily replicate, especially given the speed at which Tesla has deployed them.

Global Gigafactories for High-Volume Production

The physical footprint is massive, designed for vertical integration and scale. Gigafactory Shanghai, for instance, has already proven its capability to serve as a core export hub, exceeding an annual production capacity of 950,000 pure electric vehicles. The expansion continues, with Gigafactory Berlin operating on two full shifts as of November 2025, primarily to meet Model Y demand. The overall goal for the fiscal year 2025 was to deliver 3 million vehicles.

Here's a look at the operational status of the key manufacturing sites:

Proprietary Battery Technology

The in-house battery development is a critical differentiator. The 4680 cell, with its 46mm diameter and 80mm height, promised significant efficiency gains. The in-house manufacturing team in Texas reached a milestone by the end of 2024, becoming the lowest cost per kWh battery cell producer for Tesla, Inc.. The company had plans to achieve 72 GWh of 4680 dry cathode battery production by 2025. Still, as of late 2025, the weekly output of the compromise-version 4680 cells was only enough to support about 1,000 Cybertrucks. On the energy storage front, the Shanghai Megafactory, intended for Megapack production, was set to begin operations in Q1 2025 with an initial output of around 40 GWh annually. The energy storage business saw a 60% year-over-year growth in Q2 2025.

Supercharger Network

The charging infrastructure is a massive, proprietary advantage that locks in customers. The growth rate in Q3 2025 was significant, adding 3,500 new stalls in that quarter alone. This contributed to an overall 18% year-over-year growth in stalls globally.

Supercharger Network Statistics (Q3 2025 Data):

• Global Stations: 7,753
• Global Connectors (Stalls): Nearly 73,817
• Net Increase in Stalls (Q3 2025): 3,589
• Quarterly Throughput: Approximately 1.8 TWh of energy (up 29% YOY)
• Number of Charging Sessions (Q3 2025): Approximately 54 million (up 31% YOY)
• Anticipated U.S. Infrastructure Cost: May drop to less than $40,000 per stall

Full Self-Driving (FSD) Software and Data Fleet

The data advantage from the deployed fleet is central to the long-term AI narrative. The total paid FSD customer base represented about 12% of the current fleet as of Q3 2025. The real-time data collection is immense; in Q3 2025 alone, Tesla, Inc. received 2.5 billion telemetry packages from its vehicle fleet worldwide, excluding China. The company was planning for an unsupervised self-driving launch in Austin, Texas, by June 2025, expanding to California and other US parts by the end of 2025.

• Paid FSD Adoption (Q3 2025): Approximately 12% of the global fleet
• Q3 2025 Telemetry Packages Received: 2.5 billion (excluding China)
• FSD Revenue (Q3 2025): Decreased compared to the $326 million raked in during the same period last year
• Long-Term Goal: 10 million FSD subscriptions by 2035

Key Personnel and Brand Equity

The brand equity, heavily tied to CEO Elon Musk, shows recent volatility. According to Interbrand's Best Global Brands 2025 report, Tesla, Inc.'s brand value fell by 35% year-on-year. This drop placed the company at the 25th position, down from 12th in 2024, with a brand value of $29.5 billion, down from $45.5 billion the previous year. Furthermore, the Sustainability Perceptions Value (SPV) saw a significant decline, falling from $17.8 billion to just $10.4 billion.

Tesla, Inc. (TSLA) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose Tesla, Inc. (TSLA) over the competition right now, late in 2025. It's not just about the car; it's the whole package, from performance specs to the energy grid you plug into.

Superior Electric Vehicle Performance, Range, and Safety Ratings

The vehicles deliver raw capability that still turns heads. Take the Model Y Performance, for example; it launches from 0 to 100km/h in just 3.5 seconds and hits a top speed of 250km/h. You can expect efficiency around 17.4kWh/100km, and it charges at up to 250kW on the network.

Safety is a major selling point, backed by independent testing. The 2025 Model Y achieved a five-star ANCAP safety rating with impressive scores: 91% for adult occupancy protection, 95% for child occupancy, 86% for vulnerable road users, and 92% for safety assistance. Similarly, the redesigned 2025 Model 3 earned a five-star Euro NCAP rating, scoring 90% for adult occupant protection and 93% for child occupant safety. Still, for a broader view, Consumer Reports' 2026 Automotive Brand Ranking placed Tesla tenth overall with a score of 72, and its reliability score was 50 (ninth place), with the Model Y noted as the most reliable EV.

Software-Defined Vehicle Experience with Over-the-Air Updates

The vehicle evolves after you buy it, thanks to software. For instance, the Full Self-Driving (FSD) capability option is currently priced at $10,100 on performance trims. On the manufacturing side, the company has driven the average cost per vehicle below $35,000 as of February 1, 2025, a significant drop from seven years prior, reflecting manufacturing efficiencies that feed into the product value. This software integration is key to keeping the vehicle feeling current.

Integrated Energy Ecosystem (Solar Roof, Powerwall, Megapack)

Tesla's energy division is scaling rapidly, offering a complete solution from home backup to utility-scale storage. In the third quarter of 2025, the company deployed a record 12.5 GWh of battery storage systems globally, which is an 81% year-over-year increase. This segment brought in $3.4 billion in revenue in Q3 2025, up 27% from the prior year, achieving a segment gross margin of 31%.

Here's a quick look at the capacity of the core hardware components as of Q2 2025 deployments:

The utility-scale Megapack 3, part of the new Megablock platform, can form a 20 MWh solution, boasting a site-level density of 248 MWh AC-per-acre. The cost efficiency is also improving; the average installed cost per kWh for a Megapack system fell to $290 in Q2 2025.

Potential for Future Autonomous Mobility via Robotaxi and CyberCab

The vision for fully autonomous mobility is materializing, albeit with shifting timelines. CEO Elon Musk announced that production for the purpose-built Cybercab-a vehicle with no steering wheel or pedals-is targeted to begin in April 2025 at the Austin factory, aiming for an annual output of 2-3 million units with a 10-second cycle time. The Cybercab is designed with only 80 structural parts, compared to the Model Y's 200+. For immediate deployment, the company scaled back its goal for unsupervised Robotaxi service to launching in eight to 10 U.S. metro areas within the next two months (from late October 2025). The initial rollout, which began around June 2025 in Austin, utilized existing Model Y vehicles running the latest FSD software.

Access to the World's Largest, Most Reliable Fast-Charging Network

The Supercharger network remains a significant moat, expanding aggressively. As of November 2025, Tesla operates over 75,000 Supercharger stalls across more than 7,800 sites globally. In Q3 2025 alone, the company added 3,589 new stalls, an increase of 27% year-over-year, with a quarterly throughput of approximately 1.8 TWh of energy.

The network is also getting faster and more accessible:

• V4 Superchargers enable charging speeds up to 500 kW for passenger vehicles.
• V4 capacity can climb to 1.2 MW per stall for the Tesla Semi.
• Almost two-thirds (or 65%) of the stalls are open to non-Tesla EVs.
• The anticipated cost for a new V4 stall in the U.S. may drop to less than $40,000, down from the $40-45k range for V3.

Finance: draft 13-week cash view by Friday.

Tesla, Inc. (TSLA) - Canvas Business Model: Customer Relationships

Direct-to-consumer sales model via online orders and company showrooms

Tesla, Inc. vehicle deliveries for the first half of 2025 totaled over 718,000 units (Q1: over 336,000; Q2: over 384,000). The FactSet consensus estimate for full-year 2025 deliveries was 1.66 million electric vehicles.

The company sold 86,700 China-made electric vehicles in November 2025, which was 10% more than November 2024. The revamped Model Y was launched in the U.S. market in March 2025.

Digital, low-touch service model with mobile service and remote diagnostics

Tesla's mobile service program sees technicians perform routine maintenance and minor repairs at the customer's location. Mobile service units handle 80% of repairs on-site.

High-engagement community and social media interaction

Tesla brand loyalty as of mid-2025 stood at 52.1%, down from approximately 67% in 2022-2023. Tesla fuel-type loyalty as of mid-2025 was 68.9%.

In 2022, the referral program contributed to 10% of new sales.

Subscription-based services for FSD and premium connectivity

The total paid Full Self-Driving (FSD) customer base represented approximately 12% of the existing fleet as of the third quarter of 2025. Tesla boasts over 1 million FSD-equipped vehicles as of mid-2025.

FSD (Supervised) software costs $8,000 outright or $99 per month as of late 2025.

The FSD take rate for the broader fleet has climbed to the teens from single-digit percentages.

For newer Model S and Model X buyers, the outright purchase take rate for FSD was 50-60% before the mandatory inclusion in the Luxe Package.

The FSD V14 update achieved a 30% improvement in intervention rates compared to V13, as shared in the Q3 2025 update.

The company reported a 15% rise in software-related income in its Q3 2025 earnings call.

FSD-related revenue in Q3 2025 was lower than the $326 million recorded in the same period of 2024.

Analysts forecast that recurring FSD revenue could contribute over $1 billion annually by 2026.

The company's total revenue for the third quarter of 2025 was $28.1 billion.

The goal for the proposed $1 trillion pay package includes hitting 10 million FSD subscriptions by 2035.

The new vehicle rental program offers flexible durations from three to seven days.

Tesla, Inc. (TSLA) - Canvas Business Model: Channels

You're looking at how Tesla, Inc. gets its products and services in front of customers, which is a mix of direct control and massive infrastructure investment. This approach is key to their entire sales and ownership experience.

Company-owned physical showrooms and galleries globally

Tesla relies on a direct-to-consumer model, bypassing traditional independent dealerships. This channel is where customers see, test drive, and take delivery of vehicles. While specific, up-to-the-minute figures for showrooms and galleries alone as of late 2025 aren't explicitly separated in the latest reports, the combined physical footprint is substantial. As of the end of fiscal year 2024, Tesla operated over 1,300 stores and service locations globally. This physical presence is critical for brand experience and initial customer touchpoints, even as transaction volumes shift.

Direct online sales platform for vehicles and energy products

The primary transaction channel for most sales is the direct online platform. Customers configure and order vehicles, Powerwalls, and other energy products entirely through the Tesla website or app. This digital channel allows for rapid price adjustments and direct communication of product availability, though specific revenue or volume percentages attributed solely to online sales for 2025 aren't broken out in the most recent public filings.

Global Supercharger network for charging and brand exposure

The Supercharger network functions as a critical channel for enabling long-distance travel and reinforcing brand loyalty. As of the third quarter of 2025, Tesla operated 7,753 DC fast-charging stations worldwide, comprising 73,817 connectors (stalls). By November 2025, some reports place the network at about 7,900 stations with over 75,000 connectors. The latest V4 hardware supports peak charging rates up to 500 kW for passenger vehicles and up to 1.2 MW for the Tesla Semi. This network is also increasingly a channel for non-Tesla revenue as it opens to other brands.

Dedicated mobile service fleet and fixed service centers

Service delivery is a two-pronged channel: fixed service centers and the mobile fleet. The fixed centers handle more complex repairs, while the mobile fleet brings service directly to the customer. By the end of fiscal year 2024, the dedicated mobile service fleet had grown to over 1,900 vehicles, designed to handle a high volume of routine repairs conveniently. The fixed service locations, which are included in the 1,300+ total locations as of the end of fiscal year 2024, support the mobile units and handle major work.

Here's the quick math on the physical and charging infrastructure scale:

The growth in energy deployments also uses these channels, with 12.5 GWh of storage deployed in Q3 2025.

The physical and digital channels work together to support the entire product lifecycle:

• Physical Showrooms: Initial product viewing and test drives.
• Online Platform: Primary point of sale for vehicles and energy products.
• Supercharger Network: Essential post-sale infrastructure support.
• Service Fleet/Centers: Maintenance and repair support.

Tesla, Inc. (TSLA) - Canvas Business Model: Customer Segments

You're looking at the core customer groups for Tesla, Inc. (TSLA) as of late 2025, based on the latest available delivery and deployment figures from the third quarter of 2025. It's clear the business is heavily weighted toward the mass market, but the other segments are showing significant growth momentum.

High-end consumers and early technology adopters (Cybertruck, Model S/X)

This segment, comprising the Model S, Model X, and the Cybertruck, represents the premium and niche end of the automotive business. Honestly, these models are now a small fraction of the total volume, but they carry the brand's halo effect.

In Q3 2025, deliveries for Model S, Model X, and Cybertruck combined totaled 15,933 units. That was only about 3% of the total vehicle deliveries for the quarter. To give you a specific example of the split, the Cybertruck alone accounted for 5,385 units sold in the US during Q3 2025. For context, in Q2 2025, the older models (S/X) made up just 1.6% of total sales, amounting to 6,394 units. This group is definitely the enthusiast and high-margin buyer, but they aren't driving the volume.

Mass-market EV buyers globally (Model 3/Y Standard)

This is where the overwhelming majority of Tesla's business volume lies. The Model 3 and Model Y are the workhorses, especially with the introduction of the Standard versions designed for cost efficiency.

The sheer scale here is what matters for the top-line numbers. For Q3 2025, the Model 3 and Model Y deliveries hit 481,166 units globally. That single group represented approximately 97% of all vehicles delivered that quarter. Even in the softer Q2 2025, these two models accounted for 373,728 units, or 97.3% of the total. The Model Y continues to be a sales leader, with an estimated 114,897 units sold in the US in Q3 2025 alone.

Here's a quick comparison of the volume drivers:

Commercial and utility-scale energy storage providers (Megapack, Megablock)

The Energy segment is a fast-growing customer base, primarily utility companies and large commercial operators buying Megapack systems. This area boasts 30%+ gross margins.

Tesla deployed 12.5 GWh of energy storage products in Q3 2025, which was an 81% year-over-year increase from the 6.9 GWh delivered in Q3 2024. The revenue from this segment was substantial, bringing in $3.4 billion in Q3 2025, compared to $21.2 billion from the automotive segment in the same period. For the utility-scale market specifically, Tesla was ranked the 3rd leading supplier for global BESS cell shipments in the first three quarters of 2025, with total shipments reaching 252.5 GWh in that period. Furthermore, the new Megablock solution is designed to be a 20 MWh system using four Megapack 3 units.

Fleet operators and future Robotaxi network participants

This segment is currently nascent but has the highest projected future revenue potential, centered around the autonomous ride-hailing service. You should note that the actual operational fleet is still small as of late 2025, but the targets are aggressive.

CEO Elon Musk stated the goal is to have Robotaxi service available to half the population of the US by the end of 2025, subject to regulatory approvals. Deutsche Bank estimates the fleet could reach as many as 1,500 robotaxis by year-end 2025, ramping up from an estimated current base of 150 to 200 autonomous vehicles. The plan targeted 1,000 vehicles in the Bay Area and 500 or more in Austin by the end of the year. The software supporting this, FSD 13.2, is targeting a rollout to 100,000 vehicles by year-end. The projected fare for this service is between $0.30-$0.40 per mile.

Key near-term metrics for this customer group include:

• Projected year-end 2025 Robotaxi fleet size: 1,500 vehicles.
• Targeted expansion fleet size by Q4 2025: 10,000 units.
• Current operational fleet estimate (late 2025): 150 to 200 AVs.
• Projected Robotaxi revenue per mile: $0.30-$0.40.

Finance: draft 13-week cash view by Friday.

Tesla, Inc. (TSLA) - Canvas Business Model: Cost Structure

You're looking at the expense side of the ledger for Tesla, Inc. (TSLA) as of late 2025, and it's clear that growth demands serious capital. The cost structure is dominated by massive, forward-looking investments rather than just keeping the lights on for current sales.

Significant Capital Expenditure (CapEx)

Capital spending remains a huge drain, though the forecast has been adjusted downward from earlier expectations. Management now projects capital expenditures in 2025 to be around $9 billion, a reduction from previous guidance of over $10 billion, and below the average analyst estimate of $10.16 billion for the year. This spending is spread across developing and ramping new products, building or ramping manufacturing facilities on three continents, piloting new battery cell technologies, expanding the Supercharger network, and investing in autonomy and AI training products. For context, the company's CapEx for the period ending December 31, 2024, was $2.78 billion, showing the significant step-up planned for the current fiscal year. Still, some analyses projected CapEx to reach $10 billion in 2025 before a slight decrease. Here's the quick math on the recent CapEx trajectory:

High Cost of Goods Sold (COGS)

The cost of making the vehicles and energy products is under pressure, largely due to raw materials. The cost of sales for vehicles spiked 61% Year-over-Year (YoY), which translated to an increase of nearly $5 billion in the third quarter of a recent year, driven by rising commodity costs. Battery cell procurement is a major component here; key raw materials like cobalt, lithium, and nickel represent about a third of the total costs of a battery cell. To counter this, Tesla is heavily investing in its own battery production, such as the joint battery cell manufacturing plant with Panasonic, a $4 billion project that faced cost increases. The shift in cathode material chemistry, for example, from NCA to NCM, is partly driven by the fact that manganese is significantly cheaper than aluminum-almost incomparable.

Operating Expenses and Compensation

Operating expenses reflect the intense focus on future technology, which compresses current profitability. In the third quarter of fiscal 2025, the operating margin was down 5 percentage points YoY to 5.8%. This compression stems from several areas:

• Increased restructuring costs.
• Significant spending on AI chip design efforts.
• Rising legal expenses.
• Increasing compensation packages.

Stock-based compensation is a notable line item; one analyst noted that Tesla dilutes its shareholders at about 3.6% per year, a rate not offset by share buybacks. Furthermore, the potential cost associated with the CEO's new performance award, if all targets are met, is an unprecedented potential liability, aiming for nearly $7.5 trillion in shareholder value creation over the vesting period, though this is tied to massive future performance milestones.

Continuous Investment in Expansion and Efficiency

The CapEx figures directly fund the continuous push for scale and efficiency. The investment supports the expansion of Gigafactories across three continents, which is essential for meeting global demand and ultimately reducing per-unit production costs. The goal is to improve supply chain efficiency through vertical integration, especially in battery manufacturing. For instance, one key battery plant is projected to increase US production capacity by 60 percent by March 2027. This aggressive build-out is intended to stabilize COGS by 2026 as new production technologies come online.

Supercharger Network Costs

Costs associated with the Supercharger network are factored into the overall capital spending plans. This includes the capital outlay for the build-out of new charging locations globally, as well as ongoing maintenance expenses to keep the network operational and reliable for the growing fleet. Specific 2025 dollar amounts allocated solely to the Supercharger network build-out and maintenance are typically bundled within the broader CapEx guidance.

Finance: draft 13-week cash view by Friday.

Tesla, Inc. (TSLA) - Canvas Business Model: Revenue Streams

The Revenue Streams component of Tesla, Inc.'s Business Model Canvas is built upon several distinct, yet increasingly interconnected, sources of income as of late 2025. The core remains vehicle sales, but the growth trajectory is heavily influenced by energy products and software monetization.

The primary revenue components for Tesla, Inc. in the third quarter of 2025 were:

• Automotive sales revenue, totaling $20.36 billion in Q3 2025
• Energy Generation and Storage sales, reaching $3.42 billion in Q3 2025
• Services and Other revenue (Supercharging, maintenance, insurance) at $3.48 billion in Q3 2025
• Sales of Automotive Regulatory Credits, which were $417 million in Q3 2025

The Full Self-Driving (FSD) software component represents a critical, high-margin revenue opportunity, though its reported quarterly revenue recognition can fluctuate based on prior period sales and subscription adoption rates.

Here's a quick look at the key revenue figures from the third quarter of 2025, showing the relative scale of each segment:

Focusing specifically on the software monetization aspect, the Full Self-Driving (FSD) stream is characterized by its pricing structure and user base metrics:

• Tesla reported over 1.2 million active FSD subscriptions in Q3 2025.
• Only about 12% of the existing fleet are paid FSD customers as of the Q3 2025 earnings call.
• The one-time purchase price for FSD (Supervised) in the US market is $8,000.
• The monthly subscription option for FSD is priced at $99 per month.
• FSD-related revenue for Q3 2025 was reported to be lower than the $326 million recognized in the same period of 2024.

The Energy Generation and Storage segment showed significant year-over-year growth, with its revenue surging approximately 44% compared to Q3 2024, driven by record deployments of energy storage products like Megapack and Powerwall.