Two Tesla numbers the headlines skip: regulatory credits and the China share
Tesla's filings break out two lines most coverage ignores — the pure-margin credit sales and exactly how much of the business is China.
Data as of 2026-08-26 · full TSLA report · fact sheet
What Tesla actually sells
Vehicles still dominate: $20.0B vs $3.1B from energy & storage last quarter.
What does Tesla actually sell?
→Vehicles still dominate: $20.0B vs $3.1B from energy & storage last quarter.
The credit cushion
$146M last quarter — 0.5% of revenue at ~100% margin. Watch this line: it's the profit cushion competitors' compliance keeps funding.
How much of the revenue is selling carbon credits, not cars?
→$146M last quarter — 0.5% of revenue at ~100% margin. Watch this line: it's the profit cushion competitors' compliance keeps funding.
The China share
China contributed $4.7B last quarter (26% of revenue) — both Tesla's second market and its biggest geopolitical exposure.
How exposed is Tesla to China?
→China contributed $4.7B last quarter (26% of revenue) — both Tesla's second market and its biggest geopolitical exposure.