P/E Ratio for Tesla (TSLA) 2020-2026

Tesla (TSLA) P/E ratio is 304.7× as of August 7, 2026. The 5-year average is 147.1×. The sector median currently stands at 20.0×. The current ratio is at the 80th percentile of its own 10-year history.

Tesla (TSLA) historical P/E ratio has ranged from a low of 30.9× (2022) to a high of 1018.3× (2020) in the available daily series.

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.