Tesla (TSLA) Financials

$252.35 +0.04 (+0.02%)

As of 04:00 PM Eastern

Annual Income Statements for Tesla

This table shows Tesla's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-889	-675	-1,962	-976	-870	721	5,519	12,556	14,997	7,091
Consolidated Net Income / (Loss)	-889	-773	-2,241	-1,063	-775	862	5,644	12,587	14,974	7,153
Net Income / (Loss) Continuing Operations	-889	-773	-2,241	-1,063	-775	862	5,644	12,587	14,974	7,153
Total Pre-Tax Income	-876	-746	-2,209	-1,005	-665	1,154	6,343	13,719	9,973	8,990
Total Operating Income	-717	-667	-1,632	-388	-69	1,994	6,523	13,656	8,891	7,076
Total Gross Profit	924	1,599	2,223	4,042	4,069	6,630	13,606	20,853	17,660	17,450
Total Revenue	4,046	7,000	11,759	21,461	24,578	31,536	53,823	81,462	96,773	97,690
Operating Revenue	4,046	7,000	11,759	21,461	24,578	31,536	53,823	81,462	96,773	97,690
Total Cost of Revenue	3,123	5,401	9,536	17,419	20,509	24,906	40,217	60,609	79,113	80,240
Operating Cost of Revenue	3,123	5,401	9,536	17,419	20,509	24,906	40,217	60,609	79,113	80,240
Total Operating Expenses	1,640	2,267	3,855	4,430	4,138	4,636	7,083	7,197	8,769	10,374
Selling, General & Admin Expense	922	1,432	2,477	2,835	2,646	3,145	4,517	3,946	4,800	5,150
Research & Development Expense	718	834	1,378	1,460	1,343	1,491	2,593	3,075	3,969	4,540
Restructuring Charge	-	0.00	0.00	135	149	0.00	-27	176	0.00	684
Total Other Income / (Expense), net	-159	-79	-577	-617	-596	-840	-180	63	1,082	1,914
Interest Expense	119	199	471	663	685	748	371	191	156	350
Interest & Investment Income	1.51	8.53	19	24	44	30	56	297	1,066	1,569
Other Income / (Expense), net	-42	111	-125	22	45	-122	135	-43	172	695
Income Tax Expense	13	27	32	58	110	292	699	1,132	-5,001	1,837
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-98	-279	-87	95	141	125	31	-23	62
Basic Earnings per Share	($6.93)	($4.68)	($11.83)	($1.14)	($0.98)	$0.25	$1.87	$4.02	$4.73	$2.23
Weighted Average Basic Shares Outstanding	128.20M	144.21M	166M	853M	887M	2.80B	2.96B	3.13B	3.17B	3.20B
Diluted Earnings per Share	($6.93)	($4.68)	($11.83)	($1.14)	($0.98)	$0.21	$1.63	$3.62	$4.30	$2.04
Weighted Average Diluted Shares Outstanding	128.20M	144.21M	166M	853M	887M	3.25B	3.39B	3.48B	3.49B	3.50B
Weighted Average Basic & Diluted Shares Outstanding	128.20M	161.67M	165.80M	170.60M	181.34M	959.85M	1.03B	3.16B	3.18B	3.22B

This table shows Tesla's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	2,259	3,292	3,687	2,513	2,703	1,853	7,928	1,129	1,478	2,167	2,317
Consolidated Net Income / (Loss)	2,269	3,331	3,707	2,539	2,614	1,878	7,943	1,144	1,494	2,183	2,332
Net Income / (Loss) Continuing Operations	2,269	3,331	3,707	2,539	2,614	1,878	7,943	1,144	1,494	2,183	2,332
Total Pre-Tax Income	2,474	3,636	3,983	2,800	2,937	2,045	2,191	1,553	1,887	2,784	2,766
Total Operating Income	2,464	3,688	3,901	2,664	2,399	1,764	2,064	1,171	1,605	2,717	1,583
Total Gross Profit	4,234	5,382	5,777	4,511	4,533	4,178	4,438	3,696	4,578	4,997	4,179
Total Revenue	16,934	21,454	24,318	23,329	24,927	23,350	25,167	21,301	25,500	25,182	25,707
Operating Revenue	16,934	21,454	24,318	23,329	24,927	23,350	25,167	21,301	25,500	25,182	25,707
Total Cost of Revenue	12,700	16,072	18,541	18,818	20,394	19,172	20,729	17,605	20,922	20,185	21,528
Operating Cost of Revenue	12,700	16,072	18,541	18,818	20,394	19,172	20,729	17,605	20,922	20,185	21,528
Total Operating Expenses	1,770	1,694	1,876	1,847	2,134	2,414	2,374	2,525	2,973	2,280	2,596
Selling, General & Admin Expense	961	961	1,032	1,076	1,191	1,253	1,280	1,374	1,277	1,186	1,313
Research & Development Expense	667	733	810	771	943	1,161	1,094	1,151	1,074	1,039	1,276
Total Other Income / (Expense), net	10	-52	82	136	538	281	127	382	282	67	1,183
Interest Expense	44	53	33	29	28	38	61	76	86	92	96
Interest & Investment Income	26	86	157	213	238	282	333	350	348	429	442
Other Income / (Expense), net	28	-85	-42	-48	328	37	-145	108	20	-270	837
Income Tax Expense	205	305	276	261	323	167	-5,752	409	393	601	434
Net Income / (Loss) Attributable to Noncontrolling Interest	10	39	20	26	-89	25	15	15	16	16	15
Basic Earnings per Share	$0.73	$1.05	$1.18	$0.80	$0.85	$0.58	$2.50	$0.37	$0.46	$0.68	$0.72
Weighted Average Basic Shares Outstanding	3.11B	3.15B	3.13B	3.17B	3.17B	3.18B	3.17B	3.19B	3.19B	3.20B	3.20B
Diluted Earnings per Share	$0.65	$0.95	$1.18	$0.73	$0.78	$0.53	$2.50	$0.34	$0.42	$0.62	$0.66
Weighted Average Diluted Shares Outstanding	3.46B	3.47B	3.48B	3.47B	3.48B	3.49B	3.49B	3.48B	3.48B	3.50B	3.50B
Weighted Average Basic & Diluted Shares Outstanding	1.04B	3.16B	3.16B	3.17B	3.17B	3.18B	3.18B	3.19B	3.19B	3.21B	3.22B

This table details how cash moves in and out of Tesla's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-709	2,533	198	312	2,506	13,118	-1,757	-1,220	265	-152
Net Cash From Operating Activities	-524	-124	-61	2,098	2,405	5,943	11,497	14,724	13,256	14,923
Net Cash From Continuing Operating Activities	-524	-124	-61	2,098	2,501	5,943	11,497	14,724	13,256	14,923
Net Income / (Loss) Continuing Operations	-889	-773	-2,241	-1,063	-775	862	5,644	12,587	14,974	7,153
Consolidated Net Income / (Loss)	-889	-773	-2,241	-1,063	-775	862	5,644	12,587	14,974	7,153
Depreciation Expense	423	947	1,636	1,901	2,154	2,322	2,911	3,747	4,667	5,368
Non-Cash Adjustments To Reconcile Net Income	357	301	950	1,043	1,375	2,575	2,424	2,298	2,212	1,844
Changes in Operating Assets and Liabilities, net	-493	-694	-497	58	-349	184	518	-3,908	-8,597	558
Net Cash From Investing Activities	-1,674	-1,081	-4,196	-2,337	-1,436	-3,132	-7,868	-11,973	-15,584	-18,787
Net Cash From Continuing Investing Activities	-1,674	-1,081	-4,196	-2,337	-1,431	-3,132	-7,868	-11,973	-15,584	-18,787
Purchase of Property, Plant & Equipment	-1,635	-1,281	-4,081	-2,319	-1,437	-3,232	-6,514	-7,163	-8,899	-11,342
Acquisitions	-12	343	-115	-18	-45	-13	0.00	0.00	-64	0.00
Purchase of Investments	-	-	-	-	0.00	0.00	-132	-5,835	-19,112	-35,955
Sale and/or Maturity of Investments	0.00	17	-	-	0.00	0.00	0.00	22	12,491	28,510
Other Investing Activities, net	-26	-160	0.00	0.00	46	113	-1,222	1,003	0.00	0.00
Net Cash From Financing Activities	1,524	3,744	4,415	574	1,529	9,973	-5,203	-3,527	2,589	3,853
Net Cash From Continuing Financing Activities	1,524	3,744	4,415	574	1,529	9,973	-5,203	-3,527	2,589	3,853
Repayment of Debt	-221	-1,155	-3,713	-5,921	-9,587	-12,207	-14,185	-3,364	-1,380	-2,514
Payment of Dividends	0.00	-21	-262	-227	-311	-208	-161	-157	-144	-104
Issuance of Debt	888	2,853	7,138	6,176	10,669	9,713	8,883	0.00	3,931	5,744
Issuance of Common Equity	857	2,067	1,502	733	1,564	12,710	709	541	700	1,241
Other Financing Activities, net	0.00	0.00	-20	-187	-806	-35	-449	-547	-518	-514
Effect of Exchange Rate Changes	-34	-6.55	40	-23	8.00	334	-183	-444	4.00	-141
Cash Interest Paid	32	39	183	381	455	444	266	152	126	277
Cash Income Taxes Paid	9.46	16	66	35	54	115	561	1,203	1,119	1,331

This table details how cash moves in and out of Tesla's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	847	1,262	-3,225	-154	-891	711	599	-4,725	2,890	3,620	-1,937
Net Cash From Operating Activities	2,351	5,100	3,278	2,513	3,065	3,308	4,370	242	3,612	6,255	4,814
Net Cash From Continuing Operating Activities	2,351	5,100	3,278	2,513	3,065	3,308	4,370	242	3,612	6,255	4,814
Net Income / (Loss) Continuing Operations	2,269	3,331	3,707	2,539	2,614	1,878	7,943	1,144	1,494	2,183	2,332
Consolidated Net Income / (Loss)	2,269	3,331	3,707	2,539	2,614	1,878	7,943	1,144	1,494	2,183	2,332
Depreciation Expense	922	956	989	1,046	1,154	1,235	1,232	1,246	1,278	1,348	1,496
Non-Cash Adjustments To Reconcile Net Income	506	582	773	458	398	610	746	524	558	865	-103
Changes in Operating Assets and Liabilities, net	-1,346	231	-2,191	-1,530	-1,101	-415	-5,551	-2,672	282	1,859	1,089
Net Cash From Investing Activities	-884	-2,791	-6,131	-2,484	-3,534	-4,762	-4,804	-5,084	-3,225	-2,875	-7,603
Net Cash From Continuing Investing Activities	-884	-2,791	-6,131	-2,484	-3,534	-4,762	-4,804	-5,084	-3,225	-2,875	-7,603
Purchase of Property, Plant & Equipment	-1,730	-1,803	-1,858	-2,073	-2,060	-2,459	-2,307	-2,777	-2,272	-3,513	-2,780
Purchase of Investments	-90	-991	-4,368	-2,015	-5,075	-6,131	-5,891	-6,622	-8,143	-6,032	-15,158
Sale and/or Maturity of Investments	-	3.00	19	1,604	3,677	3,816	3,394	4,315	7,190	6,670	10,335
Net Cash From Financing Activities	-406	-712	-495	-233	-328	2,263	887	196	2,540	132	985
Net Cash From Continuing Financing Activities	-406	-712	-495	-233	-328	2,263	887	196	2,540	132	985
Repayment of Debt	-402	-530	-364	-315	-241	-354	-470	-594	-633	-562	-725
Payment of Dividends	-34	-42	-39	-36	-31	-38	-39	-30	-20	-26	-28
Issuance of Debt	-	-	-	0.00	-	2,526	1,405	776	3,119	465	1,384
Issuance of Common Equity	43	229	67	231	63	254	152	251	197	340	453
Other Financing Activities, net	-13	-369	-159	-113	-119	-125	-161	-207	-123	-85	-99
Effect of Exchange Rate Changes	-	-	123	50	-94	-98	146	-79	-37	108	-133

This table presents Tesla's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	8,068	22,664	28,655	29,740	34,309	52,148	62,131	82,338	106,618	122,070
Total Current Assets	2,782	6,260	6,571	8,307	12,103	26,717	27,100	40,917	49,616	58,360
Cash & Equivalents	1,197	3,393	3,368	3,686	6,268	19,384	17,576	16,253	16,398	16,139
Short-Term Investments	-	-	-	-	-	0.00	131	5,932	12,696	20,424
Accounts Receivable	169	499	515	949	1,324	1,886	1,913	2,952	3,508	4,418
Inventories, net	1,278	2,067	2,264	3,113	3,552	4,101	5,757	12,839	13,626	12,017
Prepaid Expenses	116	194	268	366	959	1,346	1,723	2,941	3,388	5,362
Plant, Property, & Equipment, net	5,195	5,983	10,028	11,330	10,396	12,747	18,884	23,548	29,725	35,836
Total Noncurrent Assets	91	10,421	12,057	10,103	11,810	12,684	16,147	17,873	27,277	27,874
Noncurrent Note & Lease Receivables	0.00	9,560	10,921	8,783	-	-	-	10,524	11,218	10,505
Goodwill	-	0.00	60	68	198	207	200	194	253	244
Intangible Assets	13	376	362	282	339	313	257	215	178	150
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	328	6,733	6,524
Other Noncurrent Operating Assets	47	217	273	970	11,273	12,164	15,690	6,612	8,895	10,451
Total Liabilities & Shareholders' Equity	8,068	22,664	28,655	29,740	34,309	52,148	62,131	82,338	106,618	122,070
Total Liabilities	6,937	16,750	23,023	23,427	26,199	28,418	30,548	36,440	43,009	48,390
Total Current Liabilities	2,811	5,827	7,675	9,993	10,667	14,248	19,705	26,709	28,748	28,821
Short-Term Debt	628	984	797	2,568	1,785	2,132	1,589	1,502	2,373	2,456
Accounts Payable	916	2,026	2,490	3,405	3,771	6,051	10,025	15,255	14,431	12,474
Accrued Expenses	423	1,210	1,731	2,094	3,222	3,855	5,719	8,205	9,080	10,723
Current Deferred Revenue	424	763	1,015	630	1,163	1,458	1,447	1,747	2,864	3,168
Total Noncurrent Liabilities	4,126	10,913	15,348	13,434	15,532	14,170	10,843	9,731	14,261	19,569
Long-Term Debt	2,021	5,860	9,418	9,404	11,634	9,556	5,245	1,597	2,857	5,757
Noncurrent Deferred Revenue	446	852	1,178	991	1,207	1,284	2,052	2,804	3,251	3,317
Other Noncurrent Operating Liabilities	1,659	4,112	4,752	3,039	2,691	3,330	3,546	5,330	8,153	10,495
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	47	376	398	556	643	655	568	409	242	63
Total Equity & Noncontrolling Interests	1,084	5,538	5,235	5,757	7,467	23,075	31,015	45,489	63,367	73,617
Total Preferred & Common Equity	1,084	4,753	4,237	4,923	6,618	22,225	30,189	44,704	62,634	72,913
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,084	4,753	4,237	4,923	6,618	22,225	30,189	44,704	62,634	72,913
Common Stock	3,410	7,774	9,178	10,249	12,737	27,261	29,806	32,180	34,895	38,374
Retained Earnings	-2,322	-2,997	-4,974	-5,318	-6,083	-5,399	329	12,885	27,882	35,209
Accumulated Other Comprehensive Income / (Loss)	-3.56	-24	33	-8.00	-36	363	54	-361	-143	-670
Noncontrolling Interest	0.00	785	997	834	849	850	826	785	733	704

This table presents Tesla's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2022	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	66,038	68,513	74,426	82,338	86,833	90,591	93,941	106,618	109,226	112,832	119,852
Total Current Assets	29,050	31,222	35,990	40,917	42,997	43,875	45,026	49,616	50,535	52,977	56,379
Cash & Equivalents	17,505	18,324	19,532	16,253	16,048	15,296	15,932	16,398	11,805	14,635	18,111
Short-Term Investments	508	591	1,575	5,932	6,354	7,779	10,145	12,696	15,058	16,085	15,537
Accounts Receivable	2,311	2,081	2,192	2,952	2,993	3,447	2,520	3,508	3,887	3,737	3,313
Inventories, net	6,691	8,108	10,327	12,839	14,375	14,356	13,721	13,626	16,033	14,195	14,530
Prepaid Expenses	2,035	2,118	2,364	2,941	3,227	2,997	2,708	3,388	3,752	4,325	4,888
Plant, Property, & Equipment, net	20,027	21,093	21,926	23,548	24,969	26,389	27,744	29,725	31,436	32,902	36,116
Total Noncurrent Assets	16,961	16,198	16,510	17,873	18,867	20,327	21,171	27,277	27,255	26,953	27,357
Noncurrent Note & Lease Receivables	-	-	-	10,524	-	-	11,412	11,218	10,898	10,643	10,420
Goodwill	200	196	191	194	195	263	250	253	250	249	253
Intangible Assets	254	241	228	215	204	202	191	178	171	164	158
Noncurrent Deferred & Refundable Income Taxes	-	-	-	328	-	-	-	6,733	6,769	6,692	6,486
Other Noncurrent Operating Assets	16,507	15,761	16,091	6,612	18,468	19,862	9,318	8,895	9,167	9,205	10,040
Total Liabilities & Shareholders' Equity	66,038	68,513	74,426	82,338	86,833	90,591	93,941	106,618	109,226	112,832	119,852
Total Liabilities	30,632	30,855	33,302	36,440	37,598	38,409	39,446	43,009	44,046	45,569	49,142
Total Current Liabilities	21,455	21,821	24,611	26,709	27,436	27,592	26,640	28,748	29,453	27,729	30,577
Short-Term Debt	1,659	1,532	1,457	1,502	1,404	1,459	1,967	2,373	2,461	2,264	2,291
Accounts Payable	11,171	11,212	13,897	15,255	15,904	15,273	13,937	14,431	14,725	13,056	14,654
Accrued Expenses	5,906	6,037	6,246	8,205	7,321	7,658	7,636	9,080	9,243	9,616	10,601
Current Deferred Revenue	1,594	1,858	1,928	1,747	1,750	2,176	2,206	2,864	3,024	2,793	3,031
Total Noncurrent Liabilities	9,177	9,034	8,691	9,731	10,162	10,817	12,806	14,261	14,593	17,840	18,565
Long-Term Debt	3,153	2,898	2,096	1,597	1,272	872	2,426	2,857	2,899	5,481	5,405
Noncurrent Deferred Revenue	2,185	2,210	2,265	2,804	2,911	3,021	3,059	3,251	3,214	3,357	3,350
Other Noncurrent Operating Liabilities	3,839	3,926	4,330	5,330	5,979	6,924	7,321	8,153	8,480	9,002	9,810
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	459	421	421	409	407	288	277	242	73	72	70
Total Equity & Noncontrolling Interests	34,947	37,237	40,703	45,489	48,828	51,894	54,218	63,367	65,107	67,191	70,640
Total Preferred & Common Equity	34,085	36,376	39,851	44,704	48,054	51,130	53,466	62,634	64,378	66,468	69,931
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	34,085	36,376	39,851	44,704	48,054	51,130	53,466	62,634	64,378	66,468	69,931
Common Stock	30,486	30,945	31,595	32,180	32,881	33,439	34,204	34,895	35,766	36,446	37,289
Retained Earnings	3,649	5,908	9,198	12,885	15,398	18,101	19,954	27,882	29,011	30,489	32,656
Accumulated Other Comprehensive Income / (Loss)	-50	-477	-942	-361	-225	-410	-692	-143	-399	-467	-14
Noncontrolling Interest	862	861	852	785	774	764	752	733	729	723	709

This table displays calculated financial ratios and metrics derived from Tesla's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.50%	73.01%	67.98%	82.51%	14.52%	28.31%	70.67%	51.35%	18.80%	0.95%
EBITDA Growth	-320.60%	288.53%	-106.18%	5,746.67%	25.74%	96.90%	128.16%	81.42%	-20.91%	-4.30%
EBIT Growth	-310.16%	26.67%	-215.97%	79.17%	93.44%	7,900.00%	255.66%	104.46%	-33.42%	-14.26%
NOPAT Growth	-283.86%	6.88%	-144.55%	76.23%	82.22%	3,183.75%	289.68%	115.87%	6.55%	-57.83%
Net Income Growth	-202.23%	13.01%	-189.89%	52.57%	27.09%	211.23%	554.76%	123.02%	18.96%	-52.23%
EPS Growth	-193.64%	32.47%	-152.78%	52.57%	27.09%	211.23%	554.76%	122.09%	18.78%	-52.56%
Operating Cash Flow Growth	-814.77%	76.39%	50.74%	3,539.34%	14.63%	147.11%	93.45%	28.07%	-9.97%	12.58%
Free Cash Flow Firm Growth	-33.06%	-348.87%	44.03%	28.95%	67.69%	179.32%	57.47%	469.70%	-93.52%	-89.17%
Invested Capital Growth	72.65%	259.45%	30.71%	21.24%	5.94%	5.07%	29.16%	29.46%	48.24%	14.05%
Revenue Q/Q Growth	6.80%	18.05%	9.33%	22.47%	0.65%	11.93%	14.89%	8.81%	0.89%	0.56%
EBITDA Q/Q Growth	-79.03%	181.83%	-109.50%	173.46%	-7.08%	8.43%	31.50%	8.22%	-11.00%	6.18%
EBIT Q/Q Growth	-36.33%	19.19%	-39.10%	73.96%	-156.91%	17.96%	44.87%	9.47%	-17.63%	6.89%
NOPAT Q/Q Growth	-34.92%	-0.96%	-25.48%	72.29%	-406.09%	13.90%	47.04%	11.67%	36.34%	-50.88%
Net Income Q/Q Growth	-31.48%	11.55%	-32.66%	48.01%	-11.24%	23.50%	56.91%	12.15%	39.45%	-43.96%
EPS Q/Q Growth	-30.51%	28.66%	-40.67%	48.01%	-11.24%	23.50%	56.91%	1.69%	26.84%	-48.61%
Operating Cash Flow Q/Q Growth	9.73%	-142.04%	94.01%	52.85%	8.58%	36.65%	15.77%	-8.15%	8.98%	3.07%
Free Cash Flow Firm Q/Q Growth	15.75%	-4,806.76%	63.30%	9.25%	21.89%	610.80%	1,071.72%	-21.65%	-24.36%	109.31%
Invested Capital Q/Q Growth	0.50%	313.77%	-1.04%	2.12%	0.05%	-4.00%	0.76%	13.75%	21.13%	1.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.82%	22.85%	18.90%	18.83%	16.56%	21.02%	25.28%	25.60%	18.25%	17.86%
EBITDA Margin	-6.37%	6.94%	-0.26%	7.89%	8.67%	13.30%	17.78%	21.31%	14.19%	13.45%
Operating Margin	-17.71%	-9.53%	-13.88%	-1.81%	-0.28%	6.32%	12.12%	16.76%	9.19%	7.24%
EBIT Margin	-18.74%	-7.94%	-14.94%	-1.71%	-0.10%	5.94%	12.37%	16.71%	9.37%	7.95%
Profit (Net Income) Margin	-21.96%	-11.04%	-19.06%	-4.95%	-3.15%	2.73%	10.49%	15.45%	15.47%	7.32%
Tax Burden Percent	101.49%	103.58%	101.45%	105.77%	116.54%	74.70%	88.98%	91.75%	150.15%	79.57%
Interest Burden Percent	115.47%	134.22%	125.73%	274.59%	2,770.83%	61.65%	95.27%	100.78%	110.04%	115.69%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	25.30%	11.02%	8.25%	-50.15%	20.43%
Return on Invested Capital (ROIC)	-25.12%	-8.04%	-10.89%	-2.07%	-0.33%	9.52%	31.59%	52.73%	40.11%	13.24%
ROIC Less NNEP Spread (ROIC-NNEP)	-66.02%	-21.42%	-34.20%	-13.10%	-9.86%	239.78%	33.32%	52.34%	32.55%	7.40%
Return on Net Nonoperating Assets (RNNOA)	-59.48%	-13.91%	-27.92%	-15.73%	-10.42%	-4.10%	-11.18%	-20.24%	-12.77%	-2.82%
Return on Equity (ROE)	-84.60%	-21.95%	-38.82%	-17.80%	-10.75%	5.41%	20.41%	32.49%	27.35%	10.42%
Cash Return on Invested Capital (CROIC)	-78.42%	-120.98%	-37.52%	-21.27%	-6.09%	4.58%	6.14%	27.05%	1.25%	0.11%
Operating Return on Assets (OROA)	-10.91%	-3.62%	-6.85%	-1.25%	-0.07%	4.33%	11.65%	18.85%	9.59%	6.80%
Return on Assets (ROA)	-12.79%	-5.03%	-8.73%	-3.64%	-2.42%	1.99%	9.88%	17.43%	15.85%	6.26%
Return on Common Equity (ROCE)	-80.35%	-18.18%	-30.22%	-13.65%	-8.60%	4.90%	19.34%	31.41%	26.81%	10.29%
Return on Equity Simple (ROE_SIMPLE)	-82.00%	-16.26%	-52.89%	-21.59%	-11.71%	3.88%	18.70%	28.16%	23.91%	9.81%
Net Operating Profit after Tax (NOPAT)	-502	-467	-1,142	-272	-48	1,489	5,804	12,529	13,349	5,630
NOPAT Margin	-12.40%	-6.67%	-9.72%	-1.27%	-0.20%	4.72%	10.78%	15.38%	13.79%	5.76%
Net Nonoperating Expense Percent (NNEP)	40.89%	13.37%	23.31%	11.04%	9.53%	-230.26%	-1.73%	0.39%	7.57%	5.83%
Return On Investment Capital (ROIC_SIMPLE)	-13.44%	-3.77%	-7.39%	-1.53%	-0.23%	4.28%	15.34%	25.79%	19.46%	6.88%
Cost of Revenue to Revenue	77.18%	77.15%	81.10%	81.17%	83.44%	78.98%	74.72%	74.40%	81.75%	82.14%
SG&A Expenses to Revenue	22.79%	20.46%	21.06%	13.21%	10.77%	9.97%	8.39%	4.84%	4.96%	5.27%
R&D to Revenue	17.74%	11.92%	11.72%	6.80%	5.46%	4.73%	4.82%	3.77%	4.10%	4.65%
Operating Expenses to Revenue	40.54%	32.38%	32.78%	20.64%	16.84%	14.70%	13.16%	8.83%	9.06%	10.62%
Earnings before Interest and Taxes (EBIT)	-758	-556	-1,757	-366	-24	1,872	6,658	13,613	9,063	7,771
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-258	486	-30	1,694	2,130	4,194	9,569	17,360	13,730	13,139
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	29.00	6.74	12.35	11.61	11.39	30.10	35.15	8.70	12.61	17.78
Price to Tangible Book Value (P/TBV)	29.35	7.32	13.71	12.50	12.40	30.82	35.70	8.78	12.70	17.88
Price to Revenue (P/Rev)	7.77	4.58	4.45	2.66	3.07	21.21	19.72	4.77	8.16	13.27
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	927.75	192.30	30.98	52.67	182.82
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.11%	0.52%	3.23%	1.90%	0.55%
Enterprise Value to Invested Capital (EV/IC)	13.01	4.02	5.08	4.63	5.51	41.33	50.79	13.84	19.30	27.99
Enterprise Value to Revenue (EV/Rev)	8.13	5.22	5.14	3.11	3.42	21.01	19.54	4.56	7.93	12.99
Enterprise Value to EBITDA (EV/EBITDA)	0.00	75.22	0.00	39.34	39.46	158.01	109.92	21.38	55.86	96.57
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	354.01	157.98	27.26	84.63	163.27
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	444.94	181.22	29.62	57.46	225.35
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	31.76	34.95	111.51	91.49	25.20	57.86	85.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	924.99	932.32	57.74	1,841.88	28,130.30
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.34	1.16	1.81	1.90	1.65	0.49	0.22	0.07	0.08	0.11
Long-Term Debt to Equity	1.79	0.99	1.67	1.49	1.43	0.40	0.17	0.03	0.04	0.08
Financial Leverage	0.90	0.65	0.82	1.20	1.06	-0.02	-0.34	-0.39	-0.39	-0.38
Leverage Ratio	6.62	4.36	4.44	4.89	4.44	2.72	2.07	1.86	1.73	1.67
Compound Leverage Factor	7.64	5.86	5.59	13.42	123.05	1.67	1.97	1.88	1.90	1.93
Debt to Total Capital	70.08%	53.65%	64.46%	65.47%	62.33%	33.00%	17.79%	6.32%	7.60%	10.03%
Short-Term Debt to Total Capital	16.61%	7.71%	5.03%	14.04%	8.29%	6.02%	4.14%	3.07%	3.45%	3.00%
Long-Term Debt to Total Capital	53.47%	45.93%	59.43%	51.43%	54.04%	26.98%	13.65%	3.26%	4.15%	7.03%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.25%	9.10%	8.80%	7.60%	6.93%	4.25%	3.63%	2.44%	1.42%	0.94%
Common Equity to Total Capital	28.67%	37.25%	26.74%	26.92%	30.74%	62.75%	78.58%	91.24%	90.99%	89.03%
Debt to EBITDA	-10.28	14.09	-340.50	7.07	6.30	2.79	0.71	0.18	0.38	0.63
Net Debt to EBITDA	-5.55	6.89	-223.05	4.78	3.36	-1.84	-1.14	-1.10	-1.74	-2.16
Long-Term Debt to EBITDA	-7.84	12.06	-313.94	5.55	5.46	2.28	0.55	0.09	0.21	0.44
Debt to NOPAT	-5.28	-14.65	-8.94	-44.08	-277.83	7.85	1.18	0.25	0.39	1.46
Net Debt to NOPAT	-2.85	-7.16	-5.86	-29.80	-148.05	-5.17	-1.87	-1.52	-1.79	-5.04
Long-Term Debt to NOPAT	-4.03	-12.54	-8.24	-34.62	-240.87	6.42	0.90	0.13	0.21	1.02
Altman Z-Score	2.50	1.21	1.28	1.83	2.24	14.99	22.22	8.37	12.81	17.78
Noncontrolling Interest Sharing Ratio	5.02%	17.15%	22.14%	23.32%	19.98%	9.41%	5.24%	3.34%	1.98%	1.27%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.99	1.07	0.86	0.83	1.13	1.88	1.38	1.53	1.73	2.02
Quick Ratio	0.49	0.67	0.51	0.46	0.71	1.49	1.00	0.94	1.13	1.42
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,566	-7,029	-3,934	-2,795	-903	716	1,128	6,427	416	45
Operating Cash Flow to CapEx	-32.08%	-9.67%	-1.49%	90.47%	167.36%	183.88%	176.50%	205.56%	148.96%	131.57%
Free Cash Flow to Firm to Interest Expense	-13.17	-35.35	-8.35	-4.22	-1.32	0.96	3.04	33.65	2.67	0.13
Operating Cash Flow to Interest Expense	-4.41	-0.62	-0.13	3.16	3.51	7.95	30.99	77.09	84.97	42.64
Operating Cash Flow Less CapEx to Interest Expense	-18.17	-7.07	-8.79	-0.33	1.41	3.62	13.43	39.59	27.93	10.23
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.58	0.46	0.46	0.74	0.77	0.73	0.94	1.13	1.02	0.85
Accounts Receivable Turnover	20.46	20.96	23.18	29.31	21.63	19.65	28.34	33.49	29.96	24.65
Inventory Turnover	2.80	3.23	4.40	6.48	6.15	6.51	8.16	6.52	5.98	6.26
Fixed Asset Turnover	1.15	1.25	1.47	2.01	2.26	2.73	3.40	3.84	3.63	2.98
Accounts Payable Turnover	3.69	3.67	4.22	5.91	5.72	5.07	5.00	4.80	5.33	5.96
Days Sales Outstanding (DSO)	17.84	17.42	15.75	12.45	16.88	18.58	12.88	10.90	12.18	14.81
Days Inventory Outstanding (DIO)	130.42	113.04	82.89	56.33	59.31	56.08	44.73	55.99	61.05	58.32
Days Payable Outstanding (DPO)	99.01	99.43	86.44	61.76	63.86	71.97	72.95	76.12	68.48	61.19
Cash Conversion Cycle (CCC)	49.25	31.03	12.19	7.02	12.33	2.68	-15.34	-9.23	4.75	11.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,529	9,090	11,882	14,406	15,261	16,034	20,710	26,812	39,745	45,330
Invested Capital Turnover	2.03	1.20	1.12	1.63	1.66	2.02	2.93	3.43	2.91	2.30
Increase / (Decrease) in Invested Capital	1,064	6,561	2,792	2,524	855	773	4,676	6,102	12,933	5,585
Enterprise Value (EV)	32,906	36,537	60,415	66,636	84,045	662,714	1,051,808	371,080	767,009	1,268,767
Market Capitalization	31,430	32,030	52,328	57,153	75,402	668,905	1,061,287	388,972	789,898	1,296,350
Book Value per Share	$8.28	$31.71	$25.21	$28.67	$36.72	$23.45	$30.06	$14.16	$19.70	$22.71
Tangible Book Value per Share	$8.18	$29.20	$22.70	$26.63	$33.74	$22.90	$29.61	$14.03	$19.57	$22.59
Total Capital	3,780	12,758	15,847	18,285	21,529	35,418	38,417	48,997	68,839	81,893
Total Debt	2,649	6,844	10,215	11,972	13,419	11,688	6,834	3,099	5,230	8,213
Total Long-Term Debt	2,021	5,860	9,418	9,404	11,634	9,556	5,245	1,597	2,857	5,757
Net Debt	1,429	3,346	6,692	8,093	7,151	-7,696	-10,873	-19,086	-23,864	-28,350
Capital Expenditures (CapEx)	1,635	1,281	4,081	2,319	1,437	3,232	6,514	7,163	8,899	11,342
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-621	-2,082	-3,831	-2,997	-3,047	-4,783	-8,723	-6,475	-5,853	-4,568
Debt-free Net Working Capital (DFNWC)	599	1,417	-308	882	3,221	14,601	8,984	15,710	23,241	31,995
Net Working Capital (NWC)	-29	433	-1,104	-1,686	1,436	12,469	7,395	14,208	20,868	29,539
Net Nonoperating Expense (NNE)	387	306	1,099	791	727	627	160	-58	-1,625	-1,523
Net Nonoperating Obligations (NNO)	1,398	3,177	6,250	8,093	7,151	-7,696	-10,873	-19,086	-23,864	-28,350
Total Depreciation and Amortization (D&A)	501	1,042	1,727	2,060	2,154	2,322	2,911	3,747	4,667	5,368
Debt-free, Cash-free Net Working Capital to Revenue	-15.34%	-29.74%	-32.58%	-13.96%	-12.40%	-15.17%	-16.21%	-7.95%	-6.05%	-4.68%
Debt-free Net Working Capital to Revenue	14.80%	20.24%	-2.62%	4.11%	13.11%	46.30%	16.69%	19.29%	24.02%	32.75%
Net Working Capital to Revenue	-0.72%	6.18%	-9.39%	-7.86%	5.84%	39.54%	13.74%	17.44%	21.56%	30.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.46)	($0.31)	($0.79)	($0.38)	($0.33)	$0.25	$1.87	$4.02	$4.73	$2.23
Adjusted Weighted Average Basic Shares Outstanding	1.98B	2.43B	2.49B	2.56B	2.66B	2.80B	2.96B	3.13B	3.17B	3.20B
Adjusted Diluted Earnings per Share	($0.46)	($0.31)	($0.79)	($0.38)	($0.33)	$0.21	$1.63	$3.62	$4.30	$2.04
Adjusted Weighted Average Diluted Shares Outstanding	1.98B	2.43B	2.49B	2.56B	2.66B	3.25B	3.39B	3.48B	3.49B	3.50B
Adjusted Basic & Diluted Earnings per Share	($0.46)	($0.31)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.92B	2.16B	2.53B	2.59B	2.72B	2.88B	3.10B	3.16B	3.18B	3.22B
Normalized Net Operating Profit after Tax (NOPAT)	-502	-467	-1,142	-177	56	1,489	5,780	12,691	6,224	6,174
Normalized NOPAT Margin	-12.40%	-6.67%	-9.72%	-0.83%	0.23%	4.72%	10.74%	15.58%	6.43%	6.32%
Pre Tax Income Margin	-21.64%	-10.66%	-18.79%	-4.68%	-2.71%	3.66%	11.78%	16.84%	10.31%	9.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-6.38	-2.80	-3.73	-0.55	-0.04	2.50	17.95	71.27	58.10	22.20
NOPAT to Interest Expense	-4.22	-2.35	-2.43	-0.41	-0.07	1.99	15.64	65.60	85.57	16.09
EBIT Less CapEx to Interest Expense	-20.14	-9.24	-12.39	-4.05	-2.13	-1.82	0.39	33.77	1.05	-10.20
NOPAT Less CapEx to Interest Expense	-17.98	-8.79	-11.09	-3.91	-2.17	-2.33	-1.91	28.10	28.53	-16.32
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-2.75%	-11.69%	-21.35%	-40.13%	24.13%	2.85%	1.25%	0.96%	1.45%
Augmented Payout Ratio	0.00%	-2.75%	-21.95%	-21.35%	-40.13%	24.13%	2.85%	1.25%	0.96%	1.45%

This table displays calculated financial ratios and metrics derived from Tesla's official financial filings.

Metric	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	41.61%	55.95%	37.24%	24.38%	47.20%	8.84%	3.49%	-8.69%	2.30%	7.85%	2.15%
EBITDA Growth	67.52%	65.24%	37.38%	-19.32%	13.68%	-33.41%	-35.00%	-31.05%	-25.20%	25.00%	24.28%
EBIT Growth	83.64%	80.33%	43.94%	-28.51%	9.43%	-50.01%	-50.27%	-51.11%	-40.41%	35.87%	26.11%
NOPAT Growth	89.06%	91.26%	56.26%	-25.88%	-5.52%	-52.05%	106.09%	-64.29%	-40.49%	31.51%	-82.16%
Net Income Growth	92.61%	100.78%	58.22%	-22.59%	15.20%	-43.62%	114.27%	-54.94%	-42.85%	16.24%	-70.64%
EPS Growth	92.61%	97.92%	51.28%	-23.16%	20.00%	-44.21%	111.86%	-53.42%	-46.15%	16.98%	-73.60%
Operating Cash Flow Growth	10.69%	62.06%	-28.51%	-37.10%	30.37%	-35.14%	33.31%	-90.37%	17.85%	89.09%	10.16%
Free Cash Flow Firm Growth	-9.19%	117.35%	-5.05%	-551.95%	-311.08%	-2,207.37%	-120.55%	-172.19%	-88.90%	-28.81%	22.02%
Invested Capital Growth	19.31%	14.68%	29.46%	32.89%	35.67%	39.21%	48.24%	48.01%	40.87%	36.41%	14.05%
Revenue Q/Q Growth	-9.71%	26.69%	13.35%	-4.07%	6.85%	-6.33%	7.78%	-15.36%	19.71%	-1.25%	2.08%
EBITDA Q/Q Growth	-24.79%	33.54%	6.34%	-24.46%	5.98%	-21.77%	3.79%	-19.87%	14.97%	30.73%	3.19%
EBIT Q/Q Growth	-31.89%	44.58%	7.11%	-32.21%	4.24%	-33.96%	6.55%	-33.35%	27.05%	50.58%	-1.10%
NOPAT Q/Q Growth	-30.66%	49.51%	7.46%	-33.46%	-11.61%	-24.13%	361.90%	-88.47%	47.31%	67.66%	-37.36%
Net Income Q/Q Growth	-30.82%	46.80%	11.29%	-31.51%	2.95%	-28.16%	322.95%	-85.60%	30.59%	46.12%	6.83%
EPS Q/Q Growth	-30.82%	46.15%	24.21%	-38.14%	6.85%	-32.05%	371.70%	-86.40%	23.53%	47.62%	6.45%
Operating Cash Flow Q/Q Growth	-41.15%	116.93%	-35.73%	-23.34%	21.97%	7.93%	32.10%	-94.46%	1,392.56%	73.17%	-23.04%
Free Cash Flow Firm Q/Q Growth	-98.87%	124.25%	-783.37%	-97.80%	-25.40%	-24.33%	28.48%	-144.12%	12.97%	15.22%	56.70%
Invested Capital Q/Q Growth	4.36%	1.71%	13.75%	10.06%	6.54%	4.37%	21.13%	9.89%	1.40%	1.06%	1.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.00%	25.09%	23.76%	19.34%	18.19%	17.89%	17.63%	17.35%	17.95%	19.84%	16.26%
EBITDA Margin	20.16%	21.25%	19.94%	15.70%	15.57%	13.00%	12.52%	11.85%	11.38%	15.07%	15.23%
Operating Margin	14.55%	17.19%	16.04%	11.42%	9.62%	7.55%	8.20%	5.50%	6.29%	10.79%	6.16%
EBIT Margin	14.72%	16.79%	15.87%	11.21%	10.94%	7.71%	7.63%	6.00%	6.37%	9.72%	9.41%
Profit (Net Income) Margin	13.40%	15.53%	15.24%	10.88%	10.49%	8.04%	31.56%	5.37%	5.86%	8.67%	9.07%
Tax Burden Percent	91.71%	91.61%	93.07%	90.68%	89.00%	91.83%	362.53%	73.66%	79.17%	78.41%	84.31%
Interest Burden Percent	99.28%	100.92%	103.21%	107.03%	107.70%	113.55%	114.17%	121.42%	116.12%	113.77%	114.30%
Effective Tax Rate	8.29%	8.39%	6.93%	9.32%	11.00%	8.17%	-262.53%	26.34%	20.83%	21.59%	15.69%
Return on Invested Capital (ROIC)	42.09%	53.44%	51.19%	34.45%	29.50%	23.61%	86.46%	10.49%	12.55%	21.19%	11.92%
ROIC Less NNEP Spread (ROIC-NNEP)	42.00%	53.81%	50.68%	33.70%	26.78%	22.29%	84.32%	9.12%	11.52%	20.97%	8.10%
Return on Net Nonoperating Assets (RNNOA)	-14.01%	-19.71%	-19.59%	-13.11%	-10.50%	-9.15%	-33.07%	-3.29%	-4.22%	-7.98%	-3.08%
Return on Equity (ROE)	28.08%	33.73%	31.59%	21.34%	19.00%	14.46%	53.39%	7.20%	8.33%	13.21%	8.84%
Cash Return on Invested Capital (CROIC)	27.52%	37.18%	27.05%	16.94%	12.02%	1.95%	1.25%	-7.26%	-5.63%	-1.25%	0.11%
Operating Return on Assets (OROA)	15.99%	19.01%	17.90%	12.62%	12.93%	8.79%	7.81%	5.80%	5.97%	8.83%	8.04%
Return on Assets (ROA)	14.56%	17.58%	17.19%	12.25%	12.39%	9.16%	32.33%	5.19%	5.49%	7.88%	7.75%
Return on Common Equity (ROCE)	26.88%	32.42%	30.54%	20.71%	18.50%	14.11%	52.33%	7.07%	8.20%	13.02%	8.73%
Return on Equity Simple (ROE_SIMPLE)	26.26%	28.16%	0.00%	24.65%	23.84%	20.08%	0.00%	21.09%	18.74%	18.25%	0.00%
Net Operating Profit after Tax (NOPAT)	2,260	3,379	3,631	2,416	2,135	1,620	7,483	863	1,271	2,130	1,335
NOPAT Margin	13.34%	15.75%	14.93%	10.35%	8.57%	6.94%	29.73%	4.05%	4.98%	8.46%	5.19%
Net Nonoperating Expense Percent (NNEP)	0.09%	-0.37%	0.51%	0.75%	2.72%	1.32%	2.14%	1.37%	1.02%	0.22%	3.82%
Return On Investment Capital (ROIC_SIMPLE)	5.42%	7.63%	7.47%	4.69%	3.94%	2.76%	10.91%	1.22%	1.70%	2.72%	1.63%
Cost of Revenue to Revenue	75.00%	74.91%	76.24%	80.66%	81.81%	82.11%	82.37%	82.65%	82.05%	80.16%	83.74%
SG&A Expenses to Revenue	5.68%	4.48%	4.24%	4.61%	4.78%	5.37%	5.09%	6.45%	5.01%	4.71%	5.11%
R&D to Revenue	3.94%	3.42%	3.33%	3.30%	3.78%	4.97%	4.35%	5.40%	4.21%	4.13%	4.96%
Operating Expenses to Revenue	10.45%	7.90%	7.71%	7.92%	8.56%	10.34%	9.43%	11.85%	11.66%	9.05%	10.10%
Earnings before Interest and Taxes (EBIT)	2,492	3,603	3,859	2,616	2,727	1,801	1,919	1,279	1,625	2,447	2,420
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,414	4,559	4,848	3,662	3,881	3,036	3,151	2,525	2,903	3,795	3,916
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	19.18	20.86	8.70	13.66	16.23	14.85	12.61	8.68	9.49	11.95	17.78
Price to Tangible Book Value (P/TBV)	19.41	21.08	8.78	13.77	16.38	14.98	12.70	8.74	9.55	12.02	17.88
Price to Revenue (P/Rev)	10.39	11.10	4.77	7.63	8.82	8.28	8.16	5.90	6.62	8.60	13.27
Price to Earnings (P/E)	73.32	74.28	30.98	55.86	68.03	73.84	52.67	41.05	50.94	65.80	182.82
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.36%	1.35%	3.23%	1.79%	1.47%	1.35%	1.90%	2.44%	1.96%	1.52%	0.55%
Enterprise Value to Invested Capital (EV/IC)	29.54	34.57	13.84	21.62	25.76	23.58	19.30	12.32	13.75	18.11	27.99
Enterprise Value to Revenue (EV/Rev)	10.19	10.88	4.56	7.41	8.61	8.06	7.93	5.68	6.39	8.34	12.99
Enterprise Value to EBITDA (EV/EBITDA)	48.06	50.80	21.38	38.70	47.79	50.14	55.86	42.73	52.42	65.51	96.57
Enterprise Value to EBIT (EV/EBIT)	63.20	65.53	27.26	50.75	63.26	70.30	84.63	69.65	91.92	111.50	163.27
Enterprise Value to NOPAT (EV/NOPAT)	71.22	72.62	29.62	54.59	70.14	79.00	57.46	46.74	56.81	70.72	225.35
Enterprise Value to Operating Cash Flow (EV/OCF)	48.62	50.83	25.20	48.17	58.04	63.59	57.86	48.99	52.80	55.99	85.02
Enterprise Value to Free Cash Flow (EV/FCFF)	116.80	99.33	57.74	145.62	246.69	1,405.10	1,841.88	0.00	0.00	0.00	28,130.30
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.12	0.09	0.07	0.05	0.04	0.08	0.08	0.08	0.12	0.11	0.11
Long-Term Debt to Equity	0.08	0.05	0.03	0.03	0.02	0.04	0.04	0.04	0.08	0.08	0.08
Financial Leverage	-0.33	-0.37	-0.39	-0.39	-0.39	-0.41	-0.39	-0.36	-0.37	-0.38	-0.38
Leverage Ratio	1.94	1.90	1.86	1.81	1.77	1.76	1.73	1.71	1.70	1.71	1.67
Compound Leverage Factor	1.92	1.92	1.92	1.93	1.91	2.00	1.97	2.08	1.98	1.94	1.90
Debt to Total Capital	10.53%	7.95%	6.32%	5.16%	4.28%	7.46%	7.60%	7.60%	10.33%	9.82%	10.03%
Short-Term Debt to Total Capital	3.64%	3.26%	3.07%	2.70%	2.68%	3.34%	3.45%	3.49%	3.02%	2.92%	3.00%
Long-Term Debt to Total Capital	6.89%	4.69%	3.26%	2.45%	1.60%	4.12%	4.15%	4.11%	7.31%	6.89%	7.03%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.05%	2.85%	2.44%	2.28%	1.93%	1.75%	1.42%	1.14%	1.06%	0.99%	0.94%
Common Equity to Total Capital	86.43%	89.20%	91.24%	92.57%	93.79%	90.79%	90.99%	91.26%	88.61%	89.19%	89.03%
Debt to EBITDA	0.31	0.22	0.18	0.16	0.14	0.28	0.38	0.43	0.67	0.62	0.63
Net Debt to EBITDA	-1.02	-1.09	-1.10	-1.20	-1.22	-1.41	-1.74	-1.71	-1.98	-2.10	-2.16
Long-Term Debt to EBITDA	0.20	0.13	0.09	0.08	0.05	0.16	0.21	0.23	0.47	0.44	0.44
Debt to NOPAT	0.46	0.32	0.25	0.23	0.20	0.45	0.39	0.47	0.72	0.67	1.46
Net Debt to NOPAT	-1.51	-1.56	-1.52	-1.69	-1.80	-2.21	-1.79	-1.87	-2.14	-2.26	-5.04
Long-Term Debt to NOPAT	0.30	0.19	0.13	0.11	0.08	0.25	0.21	0.25	0.51	0.47	1.02
Altman Z-Score	14.95	16.50	7.97	12.03	14.59	13.70	12.59	9.12	9.85	11.72	17.63
Noncontrolling Interest Sharing Ratio	4.27%	3.90%	3.34%	2.96%	2.60%	2.41%	1.98%	1.73%	1.55%	1.44%	1.27%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.43	1.46	1.53	1.57	1.59	1.69	1.73	1.72	1.91	1.84	2.02
Quick Ratio	0.96	0.95	0.94	0.93	0.96	1.07	1.13	1.04	1.24	1.21	1.42
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,491	362	-2,471	-4,888	-6,130	-7,621	-5,450	-13,305	-11,579	-9,817	-4,250
Operating Cash Flow to CapEx	135.90%	282.86%	176.43%	121.23%	148.79%	134.53%	189.42%	8.71%	158.98%	178.05%	173.17%
Free Cash Flow to Firm to Interest Expense	-33.89	6.82	-74.89	-168.56	-218.92	-200.55	-89.35	-175.07	-134.64	-106.70	-44.27
Operating Cash Flow to Interest Expense	53.43	96.23	99.33	86.66	109.46	87.05	71.64	3.18	42.00	67.99	50.15
Operating Cash Flow Less CapEx to Interest Expense	14.11	62.21	43.03	15.17	35.89	22.34	33.82	-33.36	15.58	29.80	21.19
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.09	1.13	1.13	1.13	1.18	1.14	1.02	0.97	0.94	0.91	0.85
Accounts Receivable Turnover	31.91	36.04	33.49	32.44	34.02	40.71	29.96	27.54	26.54	33.31	24.65
Inventory Turnover	7.63	7.08	6.52	6.28	6.57	6.40	5.98	5.12	5.49	5.62	6.26
Fixed Asset Turnover	3.65	3.82	3.84	3.82	3.96	3.86	3.63	3.36	3.22	3.04	2.98
Accounts Payable Turnover	5.22	4.96	4.80	4.89	5.57	5.53	5.33	5.09	5.54	5.56	5.96
Days Sales Outstanding (DSO)	11.44	10.13	10.90	11.25	10.73	8.96	12.18	13.25	13.75	10.96	14.81
Days Inventory Outstanding (DIO)	47.86	51.57	55.99	58.14	55.53	57.05	61.05	71.24	66.44	64.90	58.32
Days Payable Outstanding (DPO)	69.96	73.60	76.12	74.72	65.47	66.03	68.48	71.76	65.92	65.68	61.19
Cash Conversion Cycle (CCC)	-10.66	-11.90	-9.23	-5.33	0.79	-0.02	4.75	12.73	14.27	10.18	11.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	23,173	23,570	26,812	29,509	31,438	32,811	39,745	43,677	44,288	44,758	45,330
Invested Capital Turnover	3.15	3.39	3.43	3.33	3.44	3.40	2.91	2.59	2.52	2.50	2.30
Increase / (Decrease) in Invested Capital	3,751	3,017	6,102	7,304	8,265	9,241	12,933	14,168	12,850	11,947	5,585
Enterprise Value (EV)	684,467	814,872	371,080	637,880	809,989	773,542	767,009	538,122	608,898	810,641	1,268,767
Market Capitalization	697,670	831,153	388,972	656,425	829,681	794,197	789,898	558,823	631,078	835,814	1,296,350
Book Value per Share	$11.69	$38.15	$14.16	$15.19	$16.13	$16.85	$19.70	$20.21	$20.84	$21.89	$22.71
Tangible Book Value per Share	$11.55	$37.75	$14.03	$15.06	$15.99	$16.71	$19.57	$20.07	$20.71	$21.76	$22.59
Total Capital	42,088	44,677	48,997	51,911	54,513	58,888	68,839	70,540	75,008	78,406	81,893
Total Debt	4,430	3,553	3,099	2,676	2,331	4,393	5,230	5,360	7,745	7,696	8,213
Total Long-Term Debt	2,898	2,096	1,597	1,272	872	2,426	2,857	2,899	5,481	5,405	5,757
Net Debt	-14,485	-17,554	-19,086	-19,726	-20,744	-21,684	-23,864	-21,503	-22,975	-25,952	-28,350
Capital Expenditures (CapEx)	1,730	1,803	1,858	2,073	2,060	2,459	2,307	2,777	2,272	3,513	2,780
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-7,982	-8,271	-6,475	-5,437	-5,333	-5,724	-5,853	-3,320	-3,208	-5,555	-4,568
Debt-free Net Working Capital (DFNWC)	10,933	12,836	15,710	16,965	17,742	20,353	23,241	23,543	27,512	28,093	31,995
Net Working Capital (NWC)	9,401	11,379	14,208	15,561	16,283	18,386	20,868	21,082	25,248	25,802	29,539
Net Nonoperating Expense (NNE)	-9.17	48	-76	-123	-479	-258	-460	-281	-223	-53	-997
Net Nonoperating Obligations (NNO)	-14,485	-17,554	-19,086	-19,726	-20,744	-21,684	-23,864	-21,503	-22,975	-25,952	-28,350
Total Depreciation and Amortization (D&A)	922	956	989	1,046	1,154	1,235	1,232	1,246	1,278	1,348	1,496
Debt-free, Cash-free Net Working Capital to Revenue	-11.88%	-11.05%	-7.95%	-6.32%	-5.67%	-5.97%	-6.05%	-3.50%	-3.37%	-5.72%	-4.68%
Debt-free Net Working Capital to Revenue	16.28%	17.15%	19.29%	19.72%	18.87%	21.22%	24.02%	24.85%	28.86%	28.92%	32.75%
Net Working Capital to Revenue	14.00%	15.20%	17.44%	18.09%	17.32%	19.17%	21.56%	22.25%	26.49%	26.56%	30.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.73	$1.05	$1.18	$0.80	$0.85	$0.58	$2.50	$0.37	$0.46	$0.68	$0.72
Adjusted Weighted Average Basic Shares Outstanding	3.11B	3.15B	3.13B	3.17B	3.17B	3.18B	3.17B	3.19B	3.19B	3.20B	3.20B
Adjusted Diluted Earnings per Share	$0.65	$0.95	$1.18	$0.73	$0.78	$0.53	$2.50	$0.34	$0.42	$0.62	$0.66
Adjusted Weighted Average Diluted Shares Outstanding	3.47B	3.47B	3.48B	3.47B	3.48B	3.49B	3.49B	3.48B	3.48B	3.50B	3.50B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$1.18	$0.00	$0.00	$0.00	$2.50	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	3.13B	3.16B	3.16B	3.17B	3.17B	3.18B	3.18B	3.19B	3.19B	3.21B	3.22B
Normalized Net Operating Profit after Tax (NOPAT)	2,390	3,379	3,631	2,416	2,135	1,620	1,445	863	1,763	2,174	1,335
Normalized NOPAT Margin	14.11%	15.75%	14.93%	10.35%	8.57%	6.94%	5.74%	4.05%	6.91%	8.63%	5.19%
Pre Tax Income Margin	14.61%	16.95%	16.38%	12.00%	11.78%	8.76%	8.71%	7.29%	7.40%	11.06%	10.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	56.64	67.98	116.94	90.21	97.39	47.39	31.46	16.83	18.90	26.60	25.21
NOPAT to Interest Expense	51.36	63.75	110.02	83.30	76.26	42.63	122.67	11.35	14.78	23.16	13.90
EBIT Less CapEx to Interest Expense	17.32	33.96	60.64	18.72	23.82	-17.32	-6.36	-19.71	-7.52	-11.59	-3.75
NOPAT Less CapEx to Interest Expense	12.04	29.73	53.72	11.82	2.68	-22.08	84.85	-25.19	-11.64	-15.03	-15.06
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1.80%	1.52%	1.25%	1.27%	1.21%	1.34%	0.96%	1.02%	1.02%	0.90%	1.45%
Augmented Payout Ratio	1.80%	1.52%	1.25%	1.27%	1.21%	1.34%	0.96%	1.02%	1.02%	0.90%	1.45%

Frequently Asked Questions About Tesla's Financials

When does Tesla's financial year end?

According to the most recent income statement we have on file, Tesla's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Tesla's net income changed over the last 9 years?

Tesla's net income appears to be on an upward trend, with a most recent value of $7.15 billion in 2024, falling from -$888.66 million in 2015. The previous period was $14.97 billion in 2023.

What is Tesla's operating income?

Tesla's total operating income in 2024 was $7.08 billion, based on the following breakdown:

Total Gross Profit: $17.45 billion
Total Operating Expenses: $10.37 billion

How has Tesla revenue changed over the last 9 years?

Over the last 9 years, Tesla's total revenue changed from $4.05 billion in 2015 to $97.69 billion in 2024, a change of 2,314.5%.

How much debt does Tesla have?

Tesla's total liabilities were at $48.39 billion at the end of 2024, a 12.5% increase from 2023, and a 597.6% increase since 2015.

How much cash does Tesla have?

In the past 9 years, Tesla's cash and equivalents has ranged from $1.20 billion in 2015 to $19.38 billion in 2020, and is currently $16.14 billion as of their latest financial filing in 2024.

How has Tesla's book value per share changed over the last 9 years?

Over the last 9 years, Tesla's book value per share changed from 8.28 in 2015 to 22.71 in 2024, a change of 174.5%.

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This page (NASDAQ:TSLA) was last updated on 4/14/2025 by MarketBeat.com Staff

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