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 which
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 has 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 joined
Tesla in 2004 and still became the CEO of
Tesla until now. In automotive products, Tesla
has launched some electric cars, namely the Model 3, Y, S, X and Cyber
Truck. 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 2024, according to Tesla's annual report, based on the vehicle statistics, total production of all model Tesla reaching 1,773,443 units. Specifically, Tesla model 3 and model Y still become the flagship models with total production achieving 1,679,338 units. Furthermore, of all models, Tesla successfully delivers 1,789,226 units of vehicle to its customers.
The Total Assets, Total Liabilities, and Equity of
Tesla from Time to Time
|
Years |
Total Assets |
Total Liabilities |
Total Equity |
|
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 |
|
2024 |
122 |
48.3 |
73.7 |
|
Source: Tesla Annual Report, 2010-2024 |
|||
Financially, based on the annual report from 2010
to 2024, the total assets and equity of Tesla are growing from time to time.
In 2010, the asset of Tesla was just 386
million US Dollars with equities of around 207 million US Dollars. After a
decade, in 2024, the total assets of Tesla become 122 billion US Dollars and
Equities become 73.7 billion US Dollars.
The Total Revenue and Net Income of Tesla from
Time to Time
|
Years |
Total Revenue |
Net 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 |
|
2024 |
97.6 |
7.1 |
|
Source: Tesla Annual Report, 2010-2024 |
||
In the business performance of this company, Tesla
showed better performance from time to time. This company can generate net
income in the last 5 years, in 2020, 2021, 2022, 2023, and 2024.
Financially, in 2010, the revenue of Tesla was around 116
million US Dollars, and experienced 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 2024, the revenue of Tesla
becomes 97.6 billion US Dollars, and Net Income around 7.1 billion US Dollars.
|
Years |
Debt to Equity Ratio
(DER) |
Debt to Asset Ratio
(DAR) |
|
(Liabilities / Equities) |
(Liabilities / Assets) |
|
|
2010 |
0.86 |
0.46 |
|
2011 |
2.18 |
0.69 |
|
2012 |
8.91 |
0.90 |
|
2013 |
2.43 |
0.71 |
|
2014 |
4.80 |
0.83 |
|
2015 |
6.27 |
0.86 |
|
2016 |
2.83 |
0.74 |
|
2017 |
4.11 |
0.80 |
|
2018 |
3.71 |
0.79 |
|
2019 |
3.18 |
0.76 |
|
2020 |
1.20 |
0.55 |
|
2021 |
0.97 |
0.49 |
|
2022 |
0.79 |
0.44 |
|
2023 |
0.68 |
0.40 |
|
2024 |
0.65 |
0.40 |
|
Average |
2.91 |
0.65 |
Financially, the Debt-to-Equity ratio (DER) of Tesla from 2001 to 2024 is about 2.9, and the value of the Debt
to Asset ratio (DAR) is about 0.65. 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 the 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 the development of the Tesla business, many investors are attracted to invest in this company. Based on shareholders
percentages in CNN money, there are 5
biggest shareholders 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. 2025. Annual Report. Accessed via
https://ir.tesla.com/sec-filings on March 30th, 2025.
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.