Tesla vs NVIDIA — Operating Expenses Comparison

Tesla (TSLA) operating expenses was $12.3B in FY2025 (+19% YoY); NVIDIA (NVDA) operating expenses was $23.1B in FY2026 (+41% YoY). The tables below show the complete quarterly and annual operating expenses history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	Tesla	NVIDIA
2026	—	$23.1B
2025	$12.3B	$16.4B
2024	$10.4B	$11.3B
2023	$8.8B	$11.1B
2022	$7.0B	$7.4B
2021	$7.0B	$5.9B
2020	$4.6B	$3.9B
2019	$4.1B	$3.4B
2018	$4.4B	$2.6B
2017	$3.9B	$2.1B
2016	$2.3B	$1.9B
2015	$1.6B	$1.8B
2014	$1.1B	$1.8B
2013	$518M	$1.6B
2012	$424M	$1.4B
2011	$313M	$1.2B
2010	$178M	$1.3B
2009	$61M	$1.2B
2008	—	$1.0B

Tesla — Annual Operating Expenses

Fiscal Year	Operating Expenses	YoY
2025	$12.3B	+19%
2024	$10.4B	+18%
2023	$8.8B	+25%
2022	$7.0B	+0%
2021	$7.0B	+51%
2020	$4.6B	+12%
2019	$4.1B	-5%
2018	$4.4B	+13%
2017	$3.9B	+70%
2016	$2.3B	+38%
2015	$1.6B	+54%
2014	$1.1B	+106%
2013	$518M	+22%
2012	$424M	+36%
2011	$313M	+76%
2010	$178M	+189%
2009	$61M

NVIDIA — Annual Operating Expenses

Fiscal Year	Operating Expenses	YoY
2026	$23.1B	+41%
2025	$16.4B	+45%
2024	$11.3B	+2%
2023	$11.1B	+50%
2022	$7.4B	+27%
2021	$5.9B	+50%
2020	$3.9B	+16%
2019	$3.4B	+29%
2018	$2.6B	+23%
2017	$2.1B	+10%
2016	$1.9B	+5%
2015	$1.8B	+4%
2014	$1.8B	+12%
2013	$1.6B	+12%
2012	$1.4B	+22%
2011	$1.2B	-10%
2010	$1.3B	+2%
2009	$1.2B	+21%
2008	$1.0B

Source: TSLA on EDGAR · NVDA on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.