TSLA

Tesla, Inc.
Country: USIndustry: Auto - Manufacturers
$448.96|+$3.95 (0.89%)
MC: $1.45T

The company maintains a strong financial position with positive cash flow, eliminating the need for near-term offerings. However, shareholders face severe potential dilution from substantial stock-based compensation, highlighted by massive equity awards granted to the CEO.

Float & OS: 2,601,688,453 / 3,325,819,167
Est. Runway: >10 years

Risk Metrics

Overall Risk
SEVERE
Offering Ability
LOW
Cash Need
LOW
Float Risk
SEVERE

Dilution Data

Warrants

  • 9 million common shares were issued from the settlement of warrants in the nine months ended September 30, 2024.
  • Warrants represented 10 million potentially dilutive shares for the nine months ended September 30, 2024.
  • As of September 30, 2025, warrants had no dilutive effect on weighted average shares.

Convertible Notes

  • Convertible senior notes represented 1 million potentially dilutive shares for the nine months ended September 30, 2024.
  • As of September 30, 2025, convertible senior notes had no dilutive effect on weighted average shares.

Additional Notes

  • For the nine months ended September 30, 2025, 108 million shares of common stock were issued for equity incentive awards.
  • The difference between basic (3,227 million) and diluted (3,526 million) weighted average shares for Q3 2025 was primarily due to 299 million potentially dilutive stock-based awards.
  • In August 2025, 96.0 million shares of restricted stock were granted to the CEO, representing potential future dilution if vesting conditions, currently not deemed probable, are met.
  • In September 2025, the Board approved, and in November 2025, shareholders approved, the issuance of approximately 423.7 million shares of performance-based restricted stock to the CEO, which will result in significant future share dilution upon vesting.
  • As of September 30, 2025, an additional 10.7 million shares of common stock were tied to other performance-based grants, with $1.28 billion in unrecognized stock-based compensation expense.
  • Shareholders approved the amended and restated Tesla, Inc. 2019 Equity Incentive Plan on November 6, 2025, authorizing future issuance of equity awards.