Tesla Discloses $573M Revenue from SpaceX and xAI
SkimNews Take
Musk's interconnected companies are financing Tesla's capital-intensive robotaxi and AI endeavors, effectively internalizing funding that might otherwise require external investment or debt.
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- Tesla disclosed $143.3 million in revenue from SpaceX for 2025, mainly from vehicle sales.
- SpaceX purchased 1,279 Cybertrucks in Q4 2025, representing 18 % of all US Cybertruck registrations that quarter.
- Tesla paid SpaceX $11.4 million for commercial, licensing, and support agreements, plus $400,000 for use of a SpaceX‑owned aircraft.
- Tesla recognized $430.1 million in revenue from xAI in 2025, primarily from selling Megapack energy storage products to power xAI’s data‑center operations.
- xAI incurred $4 million in consulting and support expenses paid by Tesla.
- Tesla earned an additional $78.1 million from xAI through February 2026, continuing Megapack sales.
- Tesla reported additional expenses of millions to X, The Boring Company, and Musk’s personal security firm.
Why it matters: Investors and analysts now see $573 million of Tesla’s revenue coming from its own Musk‑owned firms, clarifying the scale of intra‑company sales and expenses. This transparency could reshape valuation assumptions and invites regulatory focus on the fairness of pricing between related parties.
