Tesla Inc., balance sheet: property, plant and equipment

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Machinery, equipment, vehicles and office furniture	—)	13,558)	9,953)	8,493)	7,167)
Tooling	—)	2,579)	2,188)	1,811)	1,493)
Leasehold improvements	—)	2,366)	1,826)	1,421)	1,087)
Land and buildings	—)	7,751)	4,675)	3,662)	3,024)
Computer equipment, hardware and software	—)	2,072)	1,414)	856)	595)
Construction in progress	—)	4,263)	5,559)	1,621)	764)
Property, plant and equipment, gross	—)	32,589)	25,615)	17,864)	14,130)
Accumulated depreciation	—)	(9,041)	(6,731)	(5,117)	(3,734)
Property, plant and equipment, net	—)	23,548)	18,884)	12,747)	10,396)

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Item	Description	The company
Property, plant and equipment, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Tesla Inc. property, plant and equipment, gross increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Tesla Inc. property, plant and equipment, net increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

Tesla Inc., asset age ratios

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Average age ratio	—	27.74%	26.28%	28.64%	26.43%
Estimated total useful life (years)	—	13	13	11	10
Estimated age, time elapsed since purchase (years)	—	4	4	3	3
Estimated remaining life (years)	—	10	10	8	8

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Asset age ratio	Description	The company

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Selected Financial Data (US$ in millions)
Accumulated depreciation	—)	9,041)	6,731)	5,117)	3,734)
Property, plant and equipment, gross	—)	32,589)	25,615)	17,864)	14,130)
Asset Age Ratio
Average age¹	—	27.74%	26.28%	28.64%	26.43%

2023 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ Property, plant and equipment, gross
= 100 × 0 ÷ 0 = —

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	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Selected Financial Data (US$ in millions)
Property, plant and equipment, gross	—)	32,589)	25,615)	17,864)	14,130)
Depreciation expense	—)	2,420)	1,910)	1,570)	1,370)
Asset Age Ratio (Years)
Estimated total useful life¹	—	13	13	11	10

2023 Calculations

¹ Estimated total useful life = Property, plant and equipment, gross ÷ Depreciation expense
= 0 ÷ 0 = —

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	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Selected Financial Data (US$ in millions)
Accumulated depreciation	—)	9,041)	6,731)	5,117)	3,734)
Depreciation expense	—)	2,420)	1,910)	1,570)	1,370)
Asset Age Ratio (Years)
Time elapsed since purchase¹	—	4	4	3	3

2023 Calculations

¹ Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense
= 0 ÷ 0 = —

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	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Selected Financial Data (US$ in millions)
Property, plant and equipment, net	—)	23,548)	18,884)	12,747)	10,396)
Depreciation expense	—)	2,420)	1,910)	1,570)	1,370)
Asset Age Ratio (Years)
Estimated remaining life¹	—	10	10	8	8

2023 Calculations

¹ Estimated remaining life = Property, plant and equipment, net ÷ Depreciation expense
= 0 ÷ 0 = —

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Tesla Inc. (NASDAQ:TSLA)

Analysis of Property, Plant and Equipment