Tesla (HAM:TL0) Research & Development: €5,972 Mil (TTM As of Mar. 2026)


HAM:TL0 Tesla Inc HAM:TL0
84 GF Score
Price €335.00
GF Value €252.87
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Tesla Research & Development?

Tesla HAM:TL0 -6.52% 84 Research & Development is €5,972 Mil as of Mar. 2026. GuruFocus rates HAM:TL0 with a GF Score™ of 84/100 and a GF Value™ of €252.87 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Tesla's Research & Development for the three months ended in Mar. 2026 was €1,683 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €5,972 Mil.

Tesla  (HAM:TL0) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Tesla Research & Development Related Terms

Tesla Research & Development Historical Data

* Premium members only.

The historical data trend for Tesla's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tesla Research & Development Chart

Tesla Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,294.81 2,902.80 3,639.57 4,335.70 5,474.99

Tesla Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,303.33 1,377.66 1,388.76 1,522.68 1,683.29
HAM:TL0
84GF Score
Tesla Inc HAM:TL0
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Tesla Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €5,972 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of €5,972 Mil mean?
Tesla (HAM:TL0) has a Research & Development of €5,972 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Tesla and its competitors.
Is Tesla's Research & Development too high?
Tesla's current Research & Development is €5,972 Mil. Overall, Tesla has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tesla's Research & Development compare to GM and F?
Tesla's Research & Development of €5,972 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Vehicles & Parts company?
A good Research & Development depends on the Vehicles & Parts industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Tesla and its competitors. Tesla's current Research & Development is €5,972 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tesla stock overvalued right now?
Based on GuruFocus' analysis, Tesla (HAM:TL0) is currently considered Significantly Overvalued. The stock's GF Value™ is €252.87, compared to a current price of €335.00 — trading 32.5% above its estimated fair value. The current Research & Development is €5,972 Mil. Tesla's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Tesla (HAM:TL0), the current Research & Development is €5,972 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tesla (HAM:TL0) Overvalued in 2026?

Based on GuruFocus' analysis, Tesla stock appears to be overvalued. The current stock price of €335.00 is trading 32.5% above its estimated GF Value™ of €252.87. GuruFocus considers Tesla to be Significantly Overvalued.

Key valuation signals for HAM:TL0:

  • Research & Development: €5,972 Mil
  • GF Value™: €252.87 vs. price of €335.00 (32.5% above fair value)
  • GF Score™: 84/100 with 6 warning signs

No single metric tells the full story. See the HAM:TL0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tesla Business Description

Address 1 Tesla Road, Austin, TX, USA, 78725
Tesla is a vertically integrated battery electric vehicle automaker and developer of real-world artificial intelligence software, which includes autonomous driving and humanoid robots. The company has multiple vehicles in its fleet, which include a midsize sedan and crossover SUV in the entry-level luxury category, a luxury light truck, and a semitruck. Tesla also runs a robotaxi service in four US metropolitan areas. Global deliveries in 2025 were nearly 1.64 million vehicles. Additionally, the company sells batteries for stationary storage for residential and commercial properties, including utilities, solar panels, and solar roofs for energy generation. Tesla also owns a fast-charging network and a US auto insurance business.
84GF Score

Get the complete analysis for HAM:TL0

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€335.00
Price
€252.87
GF Value