Common-Size Balance Sheet: Assets
Quarterly Data
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- Income Statement
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2010
- Net Profit Margin since 2010
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- Total Asset Turnover since 2010
- Price to Earnings (P/E) since 2010
- Price to Book Value (P/BV) since 2010
- Price to Sales (P/S) since 2010
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Tesla Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets exhibits a general downward trend from 37.17% at the end of 2020 to approximately 13.07% by Q1 2025. The share peaked during 2020 but gradually declined thereafter, indicating either increased asset diversification or deployment of cash into other asset categories.
- Short-term investments
- Short-term investments, initially negligible, increased steadily starting from late 2021, reaching a peak of 16.73% in Q1 2025. This pattern suggests a strategic shift toward allocating assets into short-term investment vehicles, possibly reflecting a preference for liquidity with some yield advantage over cash.
- Accounts receivable, net
- The accounts receivable ratio fluctuated modestly around the 3%-4% range with no strong directional trend, ending near 3.02% in Q1 2025. This stability implies consistent credit sales policies and effective receivables management.
- Inventory
- The inventory component increased significantly from about 7.86% at the end of 2020 to a high of 16.55% in early 2023 before declining to around 10.96% by Q1 2025. This rise and fall may reflect changing operational needs, possibly associated with production scaling and inventory optimization efforts.
- Prepaid expenses and other current assets
- This category rose gradually from roughly 2.58% in late 2020 to a peak near 4.39% in late 2024, followed by a slight reduction. The steady increase suggests growing short-term prepaid assets or similar items impacting current asset composition.
- Current assets
- The total current assets as a percentage of total assets expanded sharply in 2020 to over 51%, then fluctuated between 43% and 49% for subsequent periods, maintaining a fairly stable range around 47% by early 2025. This indicates a balanced asset structure with substantial liquidity and short-term resources.
- Operating lease vehicles, net
- Operating lease vehicles diminished gradually from approximately 6.78% in early 2020 to about 4.38% by Q1 2025, reflecting potential changes in leasing strategies or fleet management adjustments.
- Solar energy systems, net
- Assets in solar energy systems steadily declined from 16.39% at the start of 2020 to 3.88% in early 2025, showing a long-term downward trend. This could reflect depreciation, asset divestiture, or industry focus shifts.
- Property, plant and equipment, net
- This asset class remained relatively stable between 24% and 30%, with slight fluctuations but generally maintaining a steady share around 29% by Q1 2025, indicating consistent investment and maintenance of fixed assets.
- Operating lease right-of-use assets
- The right-of-use assets relating to operating leases showed a slight but steady increase from 3.21% in early 2020 to 4.26% by Q1 2025, suggesting increased adoption or capitalization of leased assets.
- Digital assets, net
- Digital assets appeared briefly around 2020-2021 with a diminishing share, dropping to about 0.15%-0.2% for much of the period before experiencing a small increase in late 2024. The low and fluctuating values imply limited impact on overall asset composition.
- Intangible assets, net
- Intangible assets consistently decreased over time from about 0.87% to near 0.12%, indicating amortization or impairment effects exceeding additions in intangible asset categories.
- Goodwill
- Goodwill showed a gradual decline from 0.52% in early 2020 to roughly 0.2% by Q1 2025, reflecting either asset revaluation or divestitures impacting goodwill balances.
- Deferred tax assets
- Deferred tax assets emerged from 2023 onward, maintaining a level between 5.3% and 6.3% of total assets, signaling the recognition of future tax benefits and the increasing importance of tax-related accounting items.
- Other non-current assets
- Other non-current assets exhibited some variability, rising from 3.44% in late 2020 to a peak near 5.85% in late 2023, but declined again afterward, suggesting fluctuating investments or reclassification of asset items over time.
- Non-current assets
- Non-current assets proportionally decreased sharply in 2020 from 60% to just below 49%, then recovered and stabilized between 52% and 54% throughout following years, remaining steady around 52.5% by Q1 2025. This reflects an initial shift toward higher current assets with a subsequent balancing of the asset base.