Stock Analysis on Net
Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

Common-Size Income Statement

Tesla Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Automotive sales 83.03 81.18 82.16 72.58 79.84
Automotive leasing 3.34 3.54 4.12 9.41 10.88
Automotive revenues 86.36% 84.71% 86.27% 81.99% 90.72%
Energy generation and storage 6.32 6.23 7.25 9.49 2.59
Services and other 7.31 9.06 6.48 8.51 6.69
Revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Automotive sales -62.46 -64.85 -63.77 -57.19 -60.97
Automotive leasing -1.79 -1.87 -2.28 -6.02 -6.89
Automotive cost of revenues -64.24% -66.72% -66.04% -63.21% -67.86%
Energy generation and storage -6.27 -5.46 -6.36 -7.44 -2.55
Services and other -8.47 -11.27 -8.76 -10.45 -6.75
Cost of revenues -78.98% -83.44% -81.17% -81.10% -77.15%
Gross profit 21.02% 16.56% 18.83% 18.90% 22.85%
Research and development -4.73 -5.46 -6.80 -11.72 -11.92
Selling, general and administrative -9.97 -10.77 -13.21 -21.06 -20.46
Restructuring and other 0.00 -0.61 -0.63 0.00 0.00
Operating expenses -14.70% -16.84% -20.64% -32.78% -32.38%
Income (loss) from operations 6.32% -0.28% -1.81% -13.88% -9.53%
Interest income 0.10 0.18 0.11 0.17 0.12
Interest expense -2.37 -2.79 -3.09 -4.01 -2.84
Other income (expense), net -0.39 0.18 0.10 -1.07 1.59
Income (loss) before income taxes 3.66% -2.71% -4.68% -18.79% -10.66%
Provision for income taxes -0.93 -0.45 -0.27 -0.27 -0.38
Net income (loss) 2.73% -3.15% -4.95% -19.05% -11.04%
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries -0.45 -0.35 0.40 2.37 1.40
Net income (loss) attributable to common stockholders 2.29% -3.51% -4.55% -16.68% -9.64%

Based on: 10-K (filing date: 2021-02-08), 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-19), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-03-01).

Income statement item Description The company
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Tesla Inc.’s income (loss) from operations as a percentage of revenues increased from 2018 to 2019 and from 2019 to 2020.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Tesla Inc.’s income (loss) before income taxes as a percentage of revenues increased from 2018 to 2019 and from 2019 to 2020.
Net income (loss) attributable to common stockholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Tesla Inc.’s net income (loss) attributable to common stockholders as a percentage of revenues increased from 2018 to 2019 and from 2019 to 2020.