Analysis of Inventory
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- Income Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Net Profit Margin since 2010
- Analysis of Debt
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Inventory Disclosure
Tesla Inc., balance sheet: inventory
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Raw materials | |||||||||||
| Work in process | |||||||||||
| Finished goods | |||||||||||
| Service parts | |||||||||||
| Inventory |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Raw materials
- The value of raw materials showed a significant increase from 1,508 million US dollars in 2020 to a peak of 6,137 million in 2022. This was followed by a decline to 5,390 million in 2023 and a further slight decrease to 5,242 million in 2024, indicating an initial expansion in raw material holdings potentially due to increased production or stocking, with a subsequent moderation in the following years.
- Work in process
- Work in process inventory increased markedly from 493 million in 2020 to 2,385 million in 2022. After reaching this peak, it decreased to 2,016 million in 2023 and further to 1,532 million by 2024. This pattern suggests an initial buildup in production activities or longer processing times, followed by efforts to reduce or optimize work in process inventory.
- Finished goods
- Finished goods inventory declined from 1,666 million in 2020 to 1,277 million in 2021 but then rose substantially to 3,475 million in 2022 and further to 5,049 million in 2023 before decreasing to 3,940 million in 2024. The early decrease might reflect improved sales or inventory management, with subsequent increases likely linked to production growth or slower sales, and the latest decline indicating some reduction in stock levels.
- Service parts
- Service parts inventory showed a steady increase throughout the observed periods, rising from 434 million in 2020 to 1,303 million in 2024. This ongoing growth suggests increased support capacity or expansion in after-sales service inventory.
- Inventory (Total)
- Total inventory experienced pronounced growth from 4,101 million in 2020 to a peak of 13,626 million in 2023, followed by a decrease to 12,017 million in 2024. The overall trend indicates significant inventory accumulation over the five-year period, with a slight reduction in the final year, reflecting potential changes in production planning, sales volume, or inventory management strategies.