Company name:
Tesla Inc
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IPO SHARE PRICE:$17.00
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IPO DATE:29 June 2010
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TICKER:TSLA
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MAIN STOCK EXCHANGE:NASDAQ
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CURRENT HQ LOCATION:3500 Deer Creek Road Palo Alto California 94304
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Tesla Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Balance Sheet
(USD in thousand)
37.2%
3.6%
7.9%
Selected Year:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
51.2%
37.2% —
Cash and cash equivalents
7.9% —
Inventory
3.6% —
Accounts Receivable
2.6% —
Prepaid expenses and other current assets
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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$3,367,914 | $3,686,000 | $6,268,000 | $19,384,000 | ||||||||
| Short-term passive investments | - | - | - | - | ||||||||
| Restricted cash and cash equivalents | 155,323 | 193,000 | - | - | ||||||||
| Restricted cash and short-term passive investments | - | - | - | - | ||||||||
| Accounts Receivable | 515,381 | 949,000 | 1,324,000 | 1,886,000 | ||||||||
| Inventory | 2,263,537 | 3,113,000 | 3,552,000 | 4,101,000 | ||||||||
| Prepaid expenses and other current assets | 268,365 | 366,000 | 959,000 | 1,346,000 | ||||||||
| Total current assets | $6,570,520 | $8,307,000 | $12,103,000 | $26,717,000 |
11.5%
24.4%
5.9%
Selected Year:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
48.8%
24.4% —
Property plant and equipment net
11.5% —
Solar energy systems net
5.9% —
Operating lease vehicles net
3.0% —
Operating lease - right-of-use assets
2.9% —
Other non-current assets
0.6% —
Intangible assets
0.4% —
Goodwill
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| Long-term restricted cash | 441,722 | 398,000 | - | - | ||||||||
| Property plant and equipment net | 10,027,522 | 11,330,000 | 10,396,000 | 12,747,000 | ||||||||
| Solar energy systems net | - | 6,271,000 | 6,138,000 | 5,979,000 | ||||||||
| Operating lease vehicles net | 4,116,604 | 2,090,000 | 2,447,000 | 3,091,000 | ||||||||
| Solar energy systems leased and to be leased net | 6,347,490 | - | - | - | ||||||||
| MyPower customer notes receivable | 456,652 | 422,000 | - | - | ||||||||
| Operating lease - right-of-use assets | - | - | 1,218,000 | 1,558,000 | ||||||||
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Intangible assets
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361,502 | 282,000 | 339,000 | 313,000 | ||||||||
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Goodwill
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60,237 | 68,000 | 198,000 | 207,000 | ||||||||
| Other non-current assets | 273,123 | 572,000 | 1,470,000 | 1,536,000 | ||||||||
| Total non-current assets | 22,084,852 | 21,433,000 | 22,206,000 | 25,431,000 |
| Total assets | $28,655,372 | $29,740,000 | $34,309,000 | $52,148,000 |
7.4%
11.6%
4.1%
6.4%
18.3%
Selected Year:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
27.3%
11.6% —
Accounts payable
7.4% —
Accrued liabilities
4.1% —
Long-term debt and finance leases
2.8% —
Current portion of deferred revenue
1.4% —
Customer deposits
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| Accounts payable | $2,390,250 | $3,405,000 | $3,771,000 | $6,051,000 | ||||||||
| Deferred development compensation | - | - | - | - | ||||||||
| Accrued liabilities | 1,731,366 | 2,094,000 | 3,222,000 | 3,855,000 | ||||||||
| Current portion of deferred revenue | 1,015,253 | 630,000 | 1,163,000 | 1,458,000 | ||||||||
| Reservation payments | - | - | - | - | ||||||||
| Resale value guarantees | 787,333 | 503,000 | - | - | ||||||||
| Solar bonds issued to related parties | - | - | - | - | ||||||||
| Solar bonds and promissory notes issued to related parties | - | - | - | - | ||||||||
| Senior convertible notes | - | - | - | - | ||||||||
| Convertible debt | - | - | - | - | ||||||||
| Promissory notes issued to related parties | 100,000 | - | - | - | ||||||||
| Current maturities of long-term debt | - | - | - | - | ||||||||
| Long-term debt and capital leases | - | - | - | - | ||||||||
| Long-term debt and finance leases | - | 2,568,000 | 1,785,000 | 2,132,000 | ||||||||
| Current portion of Capital leases | - | - | - | - | ||||||||
| Current maturities of debt and capital lease obligations | 796,549 | - | - | - | ||||||||
| Customer deposits | 853,919 | 793,000 | 726,000 | 752,000 | ||||||||
| Total current liabilities | $7,674,670 | $9,993,000 | $10,667,000 | $14,248,000 |
Selected Year:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
27.2%
18.3% —
Long-term debt and finance lease obligations
6.4% —
Other non-current liabilities
2.5% —
Deferred revenue
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| Resale value guarantees | 2,309,222 | 329,000 | - | - | ||||||||
| Deferred revenue | 1,177,799 | 991,000 | 1,207,000 | 1,284,000 | ||||||||
| Common stock warrant liabilities | - | - | - | - | ||||||||
| Convertible preferred stock warrant liabilities | - | - | - | - | ||||||||
| Senior convertible notes | - | - | - | - | ||||||||
| Senior convertible notes issued to related parties | - | - | - | - | ||||||||
| Long-term debt | - | - | - | - | ||||||||
| Long-term debt and finance lease obligations | - | 9,404,000 | 11,634,000 | 9,556,000 | ||||||||
| Solar bonds issued to related parties | - | - | - | - | ||||||||
| Long-term debt and capital leases | 9,418,319 | - | - | - | ||||||||
| Capital leases | - | - | - | - | ||||||||
| Other non-current liabilities | 2,442,970 | 2,710,000 | 2,691,000 | 3,330,000 | ||||||||
| Total long-term liabilities | $15,348,310 | $13,434,000 | $15,532,000 | $14,170,000 |
| Total Liabilities | $23,022,980 | $23,427,000 | $26,199,000 | $28,418,000 |
Selected Year:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
42.6%
1.6% —
Non-controlling interest in subsidiaries
1.2% —
Redeemable non-controlling interest in subsidiaries
0.7% —
Accumulated other comprehensive (loss) income
0.1% —
Senior convertible notes
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| Senior convertible notes | $70 | - | - | $51,000 | ||||||||
| Non-controlling interest in subsidiaries | 997,346 | 834,000 | 849,000 | 850,000 | ||||||||
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Redeemable non-controlling interest in subsidiaries
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397,734 | 556,000 | 643,000 | 604,000 | ||||||||
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Convertible preferred stock Series A
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- | - | - | - | ||||||||
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Convertible preferred stock Series B
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- | - | - | - | ||||||||
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Convertible preferred stock Series C
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- | - | - | - | ||||||||
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Convertible preferred stock Series D
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- | - | - | - | ||||||||
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Convertible preferred stock Series E
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Convertible preferred stock Series F
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Preferred Stock
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- | - | - | - | ||||||||
| Common stock | 169 | - | 1,000 | (1,000) | ||||||||
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Accumulated deficit
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(4,974,299) | (5,318,000) | (6,083,000) | (5,399,000) | ||||||||
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Additional paid-in capital
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9,178,024 | 10,249,000 | 27,260,000 | (1,000) | ||||||||
| Accumulated other comprehensive (loss) income | 33,348 | - | (36,000) | 363,000 | ||||||||
| Accumulated other comprehensive loss | - | (8,000) | (36,000) | - | ||||||||
| Total convertible preferred stock | - | - | - | - | ||||||||
| Total Equity | $4,237,242 | $4,923,000 | $6,618,000 | $22,225,000 |
| Total Liabilities and Equity | $28,655,372 | $29,740,000 | $34,309,000 | $52,148,000 |