Tesla vs NVIDIA — R&D Spend Comparison

Tesla (TSLA) r&d spend was $6.4B in FY2025 (+41% YoY); NVIDIA (NVDA) r&d spend was $18.5B in FY2026 (+43% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	Tesla	NVIDIA
2026	—	$18.5B
2025	$6.4B	$12.9B
2024	$4.5B	$8.7B
2023	$4.0B	$7.3B
2022	$3.1B	$5.3B
2021	$2.6B	$3.9B
2020	$1.5B	$2.8B
2019	$1.3B	$2.4B
2018	$1.5B	$1.8B
2017	$1.4B	$1.5B
2016	$834M	$1.3B
2015	$718M	$1.4B
2014	$465M	$1.3B
2013	$232M	$1.1B
2012	$274M	$1.0B
2011	$209M	$849M
2010	$93M	$909M
2009	$19M	$856M
2008	—	$692M

Tesla — Annual R&D Spend

Fiscal Year	R&D Spend	YoY
2025	$6.4B	+41%
2024	$4.5B	+14%
2023	$4.0B	+29%
2022	$3.1B	+19%
2021	$2.6B	+74%
2020	$1.5B	+11%
2019	$1.3B	-8%
2018	$1.5B	+6%
2017	$1.4B	+65%
2016	$834M	+16%
2015	$718M	+54%
2014	$465M	+100%
2013	$232M	-15%
2012	$274M	+31%
2011	$209M	+125%
2010	$93M	+382%
2009	$19M

NVIDIA — Annual R&D Spend

Fiscal Year	R&D Spend	YoY
2026	$18.5B	+43%
2025	$12.9B	+49%
2024	$8.7B	+18%
2023	$7.3B	+39%
2022	$5.3B	+34%
2021	$3.9B	+39%
2020	$2.8B	+19%
2019	$2.4B	+32%
2018	$1.8B	+23%
2017	$1.5B	+10%
2016	$1.3B	-2%
2015	$1.4B	+2%
2014	$1.3B	+16%
2013	$1.1B	+14%
2012	$1.0B	+18%
2011	$849M	-7%
2010	$909M	+6%
2009	$856M	+24%
2008	$692M

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