Company name:
Tesla Inc
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IPO SHARE PRICE:$17.00
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IPO DATE:June 29, 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
Income Statement
(USD in thousand)
Selected Quarter:
31-Dec
2020
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
84.1% —
Automotive sales
7.0% —
Energy generation and storage
6.3% —
Services and other
2.6% —
Automotive leasing
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Automotive sales | 3,509,000 | 5,168,000 | 5,132,000 | 6,143,000 | 4,893,000 | 4,911,000 | 7,346,000 | 9,034,000 | 26,184,000 | 36,136,000 | |||||||||||||||
| Automotive leasing | 215,000 | 208,000 | 221,000 | 225,000 | 239,000 | 268,000 | 265,000 | 280,000 | 1,052,000 | 1,120,000 | |||||||||||||||
| Total automotive revenue | 3,724,000 | 5,376,000 | 5,353,000 | 6,368,000 | 5,132,000 | 5,179,000 | 7,611,000 | 9,314,000 | 27,236,000 | 37,256,000 | |||||||||||||||
| Energy generation and storage | 324,000 | 369,000 | 402,000 | 436,000 | 293,000 | 370,000 | 579,000 | 752,000 | 1,994,000 | 3,008,000 | |||||||||||||||
| Services and other | 493,000 | 605,000 | 548,000 | 580,000 | 560,000 | 487,000 | 581,000 | 678,000 | 2,306,000 | 2,712,000 | |||||||||||||||
| Total Revenue | $4,541,000 | $6,350,000 | $6,303,000 | $7,384,000 | $5,985,000 | $6,036,000 | $8,771,000 | $10,744,000 | $31,536,000 | $42,976,000 |
Selected Quarter:
31-Dec
2020
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
94.6%
64.4% —
Cost of revenue Automotive sales
9.0% —
Selling general and administrative
7.6% —
Services and other
7.3% —
Energy generation and storage
4.9% —
Research and development
1.4% —
Cost of revenue Automotive leasing
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Cost of revenue Automotive sales
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2,856,000 | 4,254,000 | 4,014,000 | 4,815,000 | 3,699,000 | 3,714,000 | 5,361,000 | 6,922,000 | 19,696,000 | 27,688,000 | |||||||||||||||
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Cost of revenue Automotive leasing
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117,000 | 106,000 | 117,000 | 119,000 | 122,000 | 148,000 | 145,000 | 148,000 | 563,000 | 592,000 | |||||||||||||||
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Energy generation and storage
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316,000 | 326,000 | 314,000 | 385,000 | 282,000 | 349,000 | 558,000 | 787,000 | 1,976,000 | 3,148,000 | |||||||||||||||
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Total automotive cost of revenue
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2,973,000 | 4,360,000 | 4,131,000 | 4,934,000 | 3,821,000 | 3,862,000 | 5,506,000 | 7,070,000 | 20,259,000 | 28,280,000 | |||||||||||||||
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Services and other
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686,000 | 743,000 | 667,000 | 674,000 | 648,000 | 558,000 | 644,000 | 821,000 | 2,671,000 | 3,284,000 | |||||||||||||||
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Total cost of revenue
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3,975,000 | 5,429,000 | 5,112,000 | 5,993,000 | 4,751,000 | 4,769,000 | 6,708,000 | 8,678,000 | 24,906,000 | 34,712,000 | |||||||||||||||
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Gross profit
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$566,000 | $921,000 | $1,191,000 | $1,391,000 | $1,234,000 | $1,267,000 | $2,063,000 | $2,066,000 | $6,630,000 | $8,264,000 | |||||||||||||||
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Research and development
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340,000 | 324,000 | 334,000 | 345,000 | 324,000 | 279,000 | 366,000 | 522,000 | 1,491,000 | 2,088,000 | |||||||||||||||
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Selling general and administrative
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704,000 | 647,000 | 596,000 | 699,000 | 627,000 | 661,000 | 888,000 | 969,000 | 3,145,000 | 3,876,000 | |||||||||||||||
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Restructuring and other related costs
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44,000 | 117,000 | - | (12,000) | - | - | - | - | - | - | |||||||||||||||
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Total operating expenses
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1,088,000 | 1,088,000 | 930,000 | 1,032,000 | 951,000 | 940,000 | 1,254,000 | 1,491,000 | 4,636,000 | 5,964,000 |
Selected Quarter:
31-Dec
2020
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
5.4%
5.4% —
Operating Income
Key metric that shows earnings potential of the company's business model
Selected Quarter:
31-Dec
2020
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.4%
0.4% —
Other expense or income
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| Other expense or income | 26,000 | (40,756) | 85,000 | (25,000) | (54,000) | - | (97,000) | 44,000 | (122,000) | 176,000 | |||||||||||||||
| Other expense net | - | (41,000) | - | - | - | (15,000) | - | - | - | - | |||||||||||||||
| Other income | - | - | 85,000 | - | - | - | - | - | - | - | |||||||||||||||
| Total non-operating income (expense) | 26,000 | (41,000) | 85,000 | (25,000) | (54,000) | (15,000) | (97,000) | 44,000 | (122,000) | 176,000 |
Selected Quarter:
31-Dec
2020
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
5.8%
5.8% —
EBIT
Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Quarter:
31-Dec
2020
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
3.0%
0.1% —
Interest income
0.8% —
Income tax expense or benefit
2.3% —
Interest expense
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Interest expense
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(158,000) | (172,000) | (185,000) | (170,000) | (169,000) | (170,000) | (163,000) | (246,000) | (748,000) | (984,000) | |||||||||||||||
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Interest income
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9,000 | 10,000 | 15,000 | 10,000 | 10,000 | 8,000 | 6,000 | 6,000 | 30,000 | 24,000 | |||||||||||||||
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Income before income taxes
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(645,000) | (370,000) | 176,000 | 174,000 | 70,000 | 150,000 | 555,000 | 379,000 | 1,154,000 | 1,516,000 | |||||||||||||||
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Income tax expense or benefit
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23,000 | 19,000 | 26,000 | 42,000 | 2,000 | 21,000 | 186,000 | 83,000 | 292,000 | 332,000 |
Selected Quarter:
31-Dec
2020
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
2.5%
2.5% —
Net income (loss)
It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
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Net income (loss)
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($668,000) | ($389,000) | $150,000 | - | $68,000 | $129,000 | $369,000 | - | $862,000 | - | |||||||||||||||
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Net income (loss) attributable to common stock
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(702,000) | (408,000) | 143,000 | 105,000 | 16,000 | 104,000 | 331,000 | - | 721,000 | - | |||||||||||||||
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Net income (loss) attributable to non-controlling interests and redeemable non-controlling interests in subsidiaries
Net income (loss) attributable to non-controlling interests and redeemable non-controlling interests in subsidiaries
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34,000 | 19,000 | 7,000 | 27,000 | 52,000 | 25,000 | 38,000 | 26,000 | 141,000 | 104,000 | |||||||||||||||
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Buy-out of non-controlling interest
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- | - | - | - | - | - | 31,000 | - | 31,000 | - | |||||||||||||||
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Net income (loss) attributable to common stock - basic and diluted
Net income (loss) attributable to common stock - basic and diluted
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- | - | 143,000 | 105,000 | - | - | 300,000 | 270,000 | 690,000 | 1,080,000 |
Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Selected Quarter:
31-Dec
2020
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)