Tesla, Inc. (TSLA) Financial Statements (2024 and earlier)

Company Profile

Business Address 3500 DEER CREEK RD
PALO ALTO, CA 94304
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3711 - Motor Vehicles and Passenger Car Bodies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,07522,40222,18521,10718,91518,013
Cash and cash equivalents15,29616,04816,25319,53218,32417,505
Short-term investments7,7796,3545,9321,575591508
Restricted cash and investments384486294382294297
Receivables3,4472,9992,9592,1982,0892,321
Inventory, net of allowances, customer advances and progress billings14,35614,37512,83910,3278,1086,691
Inventory14,35614,37512,83910,3278,1086,691
Other undisclosed current assets2,6132,7352,6401,9761,8161,728
Total current assets:43,87542,99740,91735,99031,22229,050
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   1,119   
Operating lease, right-of-use asset3,3522,8002,5632,2512,1852,181
Property, plant and equipment26,38924,96923,54821,92621,09320,027
Intangible assets, net (including goodwill)465399409419437454
Goodwill263195194191196200
Intangible assets, net (excluding goodwill)202204215228241254
Restricted cash and investments199236377235269238
Other noncurrent assets5,0264,5844,1933,2362,9522,634
Other undisclosed noncurrent assets11,28510,8489,21210,36910,35511,454
Total noncurrent assets:46,71643,83641,42138,43637,29136,988
TOTAL ASSETS:90,59186,83382,33874,42668,51366,038
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17,66418,33917,51618,08513,33413,356
Taxes payable1,1141,0451,272
Employee-related liabilities9801,077913
Accounts payable15,27315,90415,25513,89711,21211,171
Accrued liabilities2,3912,4352,2612,094  
Deferred revenue2,1761,7501,7471,9281,8581,594
Debt1,0159351,0169791,0571,168
Other liabilities370347354342337309
Other undisclosed current liabilities6,3676,0656,0763,2775,2355,028
Total current liabilities:27,59227,43626,70924,61121,82121,455
Noncurrent Liabilities
Long-term debt and lease obligation368455568678803900
Finance lease, liability368455568678803900
Liabilities, other than long-term debt9,9458,8908,1346,5956,1366,024
Deferred revenue3,0212,9112,8042,2652,2102,185
Other liabilities6,9245,9795,3304,3303,9263,839
Other undisclosed noncurrent liabilities5048171,0291,4182,0952,253
Total noncurrent liabilities:10,81710,1629,7318,6919,0349,177
Total liabilities:38,40937,59836,44033,30230,85530,632
Temporary equity, carrying amount288407409421421459
Equity
Equity, attributable to parent51,13048,05444,70439,85136,37634,085
Common stock333311
Additional paid in capital33,43632,87832,17731,59230,94430,485
Accumulated other comprehensive loss(410)(225)(361)(942)(477)(50)
Retained earnings18,10115,39812,8859,1985,9083,649
Equity, attributable to noncontrolling interest764774785852861862
Total equity:51,89448,82845,48940,70337,23734,947
TOTAL LIABILITIES AND EQUITY:90,59186,83382,33874,42668,51366,038

Income Statement (P&L) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues24,92723,32924,31821,45416,93418,756
Cost of revenue(20,394)(18,818)(18,541)(16,072)(12,700)(13,296)
Gross profit:4,5334,5115,7775,3824,2345,460
Operating expenses(2,134)(1,847)(1,876)(1,694)(1,770)(1,857)
Operating income:2,3992,6643,9013,6882,4643,603
Nonoperating income56616511515484
Investment income, nonoperating238213157862628
Other nonoperating income (expense)328(48)(42)(85)2856
Interest and debt expense(28)(29)(33)(53)(44)(61)
Income from continuing operations before income taxes:2,9372,8003,9833,6362,4743,626
Income tax expense(323)(261)(276)(305)(205)(346)
Income from continuing operations:2,6142,5393,7073,3312,2693,280
Income before gain (loss) on sale of properties:3,3312,2693,280
Net income:2,6142,5393,7073,3312,2693,280
Net income (loss) attributable to noncontrolling interest89(26)(20)(39)(10)38
Net income attributable to parent:2,7032,5133,6873,2922,2593,318
Other undisclosed net income (loss) available to common stockholders, basic 535 (3)(5)
Net income available to common stockholders, diluted:2,7032,5183,7223,2922,2563,313

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:2,6142,5393,7073,3312,2693,280
Other undisclosed comprehensive income (loss)(185)136581(465)(427)(104)
Comprehensive income:2,4292,6754,2882,8661,8423,176
Comprehensive income (loss), net of tax, attributable to noncontrolling interest89(26)(20)(39)(10)38
Comprehensive income, net of tax, attributable to parent:2,5182,6494,2682,8271,8323,214

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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