Tesla Financial Performance from Time to Time
Tesla Financial Performance from Time to Time– Tesla is one of the companies with some innovative products. Tesla inc is fully electric vehicles, energy generation, storage systems (solar panels, solar roof, powerwall, and megapack), and offers services related to sustainable energy products. They have miscellaneous sustainable products with have been sold in many countries. Many people usually know Tesla for innovative and green products.
Historically, this company was founded on July 1st, 2003, by Martin Eberhard and Marc Tarpenning. As of now, this company has its main office in Tesla Road, Austin, Texas, United States of America. With the help of Elon Musk as an investor and leader in this company. Tesla now become one of the biggest automotive companies in the World. Elon Reeve Musk or known as Elon Musk was born on June 28, 1971, they also founded PayPal in 1999. He joins Tesla in 2004 and still become the CEO of Tesla until now. In automotive products, Telsa has launched some electric cars, namely Model 3, Model X, Model S, and Model Y. Besides producing cars, they also produce some green products, namely lithium-ion batteries, Solar Panels.
Along with the business development of the company, Tesla has some factories in some countries around the Globe. These factories are in Giga Nevada (Gigafactory 1), Giga New York (Gigafactory 2), Giga Shanghai (Gigafactory 3), Giga Berlin (Gigafactory 4), and Giga Texas (Gigafactory 5). They can expand or build new factories because of the bright future of Electric cars. Nowadays, as of 2023, total employees of tesla reached 100 thousand. Furthermore, Operationally, in 2023, according to tesla annual report, based on the vehicle statistics, total production of all model Tesla reaching 494 thousand units. Specifically, tesla model 3 and model Y still become the flagship models with total production achieving 476 thousand units.
The Assets, Liabilities, and Equities of Tesla from Time to Time
| Years | Assets | Liabilities | Equities |
|---|---|---|---|
| in Billion | in Billion | in Billion | |
| US Dollars | US Dollars | US Dollars | |
| 2010 | 0.386 | 0.179 | 0.207 |
| 2011 | 0.713 | 0.489 | 0.224 |
| 2012 | 1.1 | 0.989 | 0.111 |
| 2013 | 2.4 | 1.7 | 0.7 |
| 2014 | 5.8 | 4.8 | 1 |
| 2015 | 8 | 6.9 | 1.1 |
| 2016 | 22.6 | 16.7 | 5.9 |
| 2017 | 28.6 | 23 | 5.6 |
| 2018 | 29.7 | 23.4 | 6.3 |
| 2019 | 34.3 | 26.1 | 8.2 |
| 2020 | 52.1 | 28.4 | 23.7 |
| 2021 | 62.1 | 30.5 | 31.6 |
| 2022 | 82.3 | 36.4 | 45.9 |
| 2023 | 106.6 | 43 | 63.6 |
Source : Tesla Annual Report, 2010-2023 | |||
Financially, based on the annual report from 2010 to 2023, the assets and equities of tesla are growing from time to time. In 2010, the asset of Tesla is just 386 million US Dollars with equities of around 207 million US Dollars. After a decade, in 2023, the assets of Tesla become 106 billion US Dollars and Equities become 43 billion US Dollars.
The Revenue and Net Income of Tesla from Time to Time
| Years | Revenue | Income |
|---|---|---|
| in Billion | in Billion | |
| US Dollars | US Dollars | |
| 2010 | 0.116 | (-0.154) |
| 2011 | 0.204 | (-0.254) |
| 2012 | 0.413 | (-0.396) |
| 2013 | 2 | (-0.074) |
| 2014 | 3.1 | (-0.294) |
| 2015 | 4 | (-0.888) |
| 2016 | 7 | (-0.773) |
| 2017 | 11.7 | (-2.209) |
| 2018 | 21.4 | (-1.065) |
| 2019 | 24.5 | (-0.775) |
| 2020 | 31.5 | 0.862 |
| 2021 | 53.8 | 5.6 |
| 2022 | 81.4 | 12.5 |
| 2023 | 96.7 | 14.9 |
Source : Tesla Annual Report, 2010-2023 | ||
In the business performance of this company, Tesla showed better performance from time to time. This company can generate net income in the last 4 years, in 2020, 2021, 2022, and 2023. Financially, in 2010, the revenue of Tesla is around 116 million US Dollars, and experience a net loss of 154 million US Dollars. For almost 10 years, tesla experienced a net loss. It happens from 2010 until 2018. Financially, in 2023, the revenue of tesla become 96.7 billion US Dollars, and Net Income around 14.9 billion US Dollars.
Financially, the Debt-to-Equity ratio (DER) of tesla from 2001 to 2023 is about 3.4, and the value of the Debt to Asset ratio (DAR) is about 0.71. These two parameters can show the financial fundamentals of the company. The less value of the Debt of equity ratio (DER) and Debt asset ratio (DAR), the better and healthier of financial company. Basically, the company with a small ratio of DER and DAR can do the business more efficiently and fast because they can use their income and cash to expand their business without reducing the cash to repay the debt.
Along with development of the tesla business, many investors attracted to invest in this company. Based on shareholders percentages in CNN money, there are 5 biggest shareloders of Tesla. These include The Vanguard Group, Inc. which has 6.74% of shares ownership or holds 214,255,068 shares, followed by BlackRock Fund Advisors 3.76% of share ownership or holding 119,396,463 of shares, SSgA Funds Management, Inc. 3.30% (104,861,369), Geode Capital Management LLC 1.70% (53,875,703), and Capital Research & Management Co. 1.29% (41,103,054).
Bibliography of Tesla Financial Performance from Time to Time
Tesla Inc. 2023. Annual Report. Accessed via https://ir.tesla.com/sec-filings on March 30th, 2023.
Wikipedia. 2023. Tesla, Inc. Accessed via https://en.wikipedia.org/wiki/Tesla,_Inc. On March 30th, 2023.
CNN. 2023. Top 10 Owners of Tesla Inc. Available at:
https://money.cnn.com/quote/shareholders/shareholders.html?symb=TSLA&subView=institutional