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)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,18517,70719,3846,2683,6863,368
Cash and cash equivalents16,25317,57619,3846,2683,6863,368
Short-term investments5,932131    
Restricted cash and investments294345238246193155
Receivables2,9591,9241,8951,324949515
Inventory, net of allowances, customer advances and progress billings12,8395,7574,1013,5523,1132,264
Inventory12,8395,7574,1013,5523,1132,264
Other undisclosed current assets2,6401,3671,099713366268
Total current assets:40,91727,10026,71712,1038,3066,571
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,1191,5631,4941,630✕✕
Operating lease, right-of-use asset2,5632,0161,5581,218✕✕
Property, plant and equipment23,54818,88412,74710,39611,33010,028
Long-term investments and receivables    393422457
Accounts and financing receivable, after allowance for credit loss    393422457
Intangible assets, net (including goodwill)409457520537351422
Goodwill1942002071986860
Intangible assets, net (excluding goodwill)215257313339282362
Restricted cash and investments377223279269398442
Deferred income tax assets    ✕✕
Other noncurrent assets4,1932,1381,536808572273
Other undisclosed noncurrent assets9,2129,7507,2976,9558,36110,464
Total noncurrent assets:41,42135,03125,43122,20621,43322,085
TOTAL ASSETS:82,33862,13152,14834,30929,74028,655
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17,51612,0537,4825,1924,4034,122
Taxes payable✕✕1,122777611349 
Employee-related liabilities✕✕906654466449 
Accounts payable15,25510,0256,0513,7713,4042,390
Accrued liabilities2,261  3442011,731
Deferred revenue1,7471,4471,4581,163✕✕
Debt1,0161,0881,7581,3992,222800
Other liabilities354294241203373 
Deferred revenue and credits✕✕✕✕✕✕1,015
Due to related parties✕     3
Customer advances and deposits✕✕✕✕✕✕1,708
Contract with customer, liability✕✕✕✕✕630✕
Other undisclosed current liabilities6,0764,8233,3092,7102,36528
Total current liabilities:26,70919,70514,24810,6679,9927,675
Noncurrent Liabilities
Long-term debt and lease obligation, including:5689911,0941,2329,4049,416
Capital lease obligations✕✕✕✕✕993589
Finance lease, liability5689911,0941,232✕✕
Other undisclosed long-term debt and lease obligation     8,4108,826
Liabilities, other than long-term debt8,1345,5984,6143,8623,7013,621
Deferred revenue and credits✕✕✕✕✕✕1,178
Deferred revenue2,8042,0521,2841,207✕✕
Contract with customer, liability✕✕✕✕✕991✕
Other liabilities5,3303,5463,3302,6552,7102,443
Other undisclosed noncurrent liabilities1,0294,2548,46210,4383292,312
Total noncurrent liabilities:9,73110,84314,17015,53213,43415,348
Total liabilities:36,44030,54828,41826,19923,42623,023
Temporary equity, carrying amount409568655643556398
Equity
Equity, attributable to parent44,70430,18922,2256,6184,9234,237
Common stock311 00
Additional paid in capital32,17729,80327,26012,73710,2499,178
Accumulated other comprehensive income (loss)(361)54363(36)(8)33
Retained earnings (accumulated deficit)12,885331(5,399)(6,083)(5,318)(4,974)
Equity, attributable to noncontrolling interest785826850849834997
Total equity:45,48931,01523,0757,4675,7585,235
TOTAL LIABILITIES AND EQUITY:82,33862,13152,14834,30929,74028,655

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues81,46253,82331,53624,57821,46111,759
Revenue, net✕✕✕✕✕✕10,758
Cost of revenue(60,609)(40,217)(24,906)(20,509)(17,419)(9,536)
Cost of goods and services sold(604)(374)(289)(193)(85)(7,599)
Gross profit:20,85313,6066,6304,0694,0422,222
Operating expenses(7,197)(7,083)(4,636)(4,138)(4,430)(3,855)
Operating income (loss):13,6566,5231,994(69)(388)(1,632)
Nonoperating income (expense)254191(92)8946(106)
Investment income, nonoperating2975630442520
Other nonoperating income (expense)(43)135(122)4522(125)
Interest and debt expense(191)(371)(748)(685)(663)(471)
Income (loss) from continuing operations before income taxes:13,7196,3431,154(665)(1,005)(2,209)
Income tax expense (benefit)(1,132)(699)(292)(110)(58)(32)
Income (loss) from continuing operations:12,5875,644862(775)(1,063)(2,241)
Income (loss) before gain (loss) on sale of properties:✕✕5,644862(775)(1,063)(2,241)
Net income (loss):12,5875,644862(775)(1,063)(2,241)
Net income (loss) attributable to noncontrolling interest(31)(125)(141)(87)86279
Net income (loss) attributable to parent:12,5565,519721(862)(976)(1,961)
Other undisclosed net income (loss) available to common stockholders, basic275(31)   
Net income (loss) available to common stockholders, basic:12,5835,524690(862)(976)(1,961)
Dilutive securities, effect on basic earnings per share 19    
Net income (loss) available to common stockholders, diluted:12,5845,533690(862)(976)(1,961)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):12,5875,644862(775)(1,063)(2,241)
Other undisclosed comprehensive income (loss)(415)(309)399(28)  
Comprehensive income (loss):12,1725,3351,261(803)(1,063)(2,241)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(31)(125)(141)(87)86279
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (42)57
Comprehensive income (loss), net of tax, attributable to parent:12,1415,2101,120(890)(1,018)(1,904)

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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