Stock Analysis on Net
Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

Common-Size Income Statement
Quarterly Data

Tesla Inc., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Automotive sales 77.27 81.97 79.58 81.92 80.92 83.23 82.90 80.73 82.71 84.80 82.82 79.61 78.80 84.08 83.75 81.36 81.75 83.20 81.42 81.39 77.26
Automotive regulatory credits 2.08 1.72 2.37 1.13 2.23 1.92 1.33 2.03 3.62 1.77 2.03 2.96 4.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Automotive leasing 2.23 1.99 2.09 2.27 2.42 2.46 2.89 3.47 3.56 3.54 2.80 2.78 2.86 2.61 3.02 4.44 3.99 3.04 3.51 3.28 4.74
Automotive revenues 81.58% 85.68% 84.05% 85.32% 85.57% 87.62% 87.13% 86.23% 89.90% 90.11% 87.64% 85.35% 86.65% 86.69% 86.77% 85.80% 85.75% 86.24% 84.93% 84.67% 82.00%
Energy generation and storage 7.68 5.71 6.68 6.05 6.55 5.39 5.21 5.11 3.28 3.88 5.86 6.70 4.76 7.00 6.60 6.13 4.90 5.91 6.38 5.80 7.15
Services and other 10.74 8.61 9.28 8.63 7.87 6.99 7.67 8.66 6.82 6.00 6.50 7.95 8.60 6.31 6.62 8.07 9.36 7.85 8.69 9.53 10.85
Revenues 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Automotive sales -65.24 -68.35 -67.05 -67.56 -66.11 -63.46 -61.06 -59.96 -58.19 -60.33 -59.24 -59.53 -62.15 -64.43 -61.12 -61.53 -61.80 -65.21 -63.68 -66.99 -62.89
Automotive leasing -1.26 -1.18 -1.29 -1.36 -1.43 -1.45 -1.78 -2.17 -2.18 -2.23 -1.70 -1.57 -1.54 -1.38 -1.65 -2.45 -2.04 -1.61 -1.86 -1.67 -2.58
Automotive cost of revenues -66.50% -69.53% -68.34% -68.92% -67.53% -64.91% -62.83% -62.13% -60.36% -62.56% -60.94% -61.11% -63.69% -65.80% -62.78% -63.98% -63.84% -66.82% -65.54% -68.67% -65.47%
Energy generation and storage -5.78 -4.47 -5.04 -4.94 -5.83 -4.73 -4.72 -4.54 -3.67 -4.17 -5.84 -6.53 -5.73 -7.33 -6.36 -5.78 -4.71 -5.21 -4.98 -5.13 -6.98
Services and other -10.36 -8.37 -8.72 -7.96 -7.30 -6.60 -7.36 -8.33 -6.86 -5.91 -6.61 -8.25 -9.26 -7.64 -7.34 -9.24 -10.83 -9.13 -10.58 -11.70 -15.09
Cost of revenues -82.65% -82.37% -82.11% -81.81% -80.66% -76.24% -74.91% -75.00% -70.89% -72.65% -73.40% -75.88% -78.68% -80.77% -76.48% -79.01% -79.38% -81.16% -81.10% -85.49% -87.54%
Gross profit 17.35% 17.63% 17.89% 18.19% 19.34% 23.76% 25.09% 25.00% 29.11% 27.35% 26.60% 24.12% 21.32% 19.23% 23.52% 20.99% 20.62% 18.84% 18.90% 14.51% 12.46%
Research and development -5.40 -4.35 -4.97 -3.78 -3.30 -3.33 -3.42 -3.94 -4.61 -4.18 -4.44 -4.82 -6.41 -4.86 -4.17 -4.62 -5.41 -4.67 -5.30 -5.10 -7.49
Selling, general and administrative -6.45 -5.09 -5.37 -4.78 -4.61 -4.24 -4.48 -5.67 -5.29 -8.43 -7.23 -8.14 -10.16 -9.02 -10.12 -10.95 -10.48 -9.46 -9.46 -10.19 -15.50
Restructuring and other 0.00 0.00 0.00 0.00 0.00 -0.14 0.00 -0.84 0.00 0.00 -0.37 -0.19 0.97 0.00 0.00 0.00 0.00 0.16 0.00 -1.85 -0.96
Operating expenses -11.85% -9.43% -10.34% -8.56% -7.92% -7.71% -7.90% -10.45% -9.90% -12.61% -12.04% -13.15% -15.60% -13.88% -14.30% -15.57% -15.89% -13.98% -14.75% -17.14% -23.95%
Income (loss) from operations 5.50% 8.20% 7.55% 9.62% 11.42% 16.04% 17.19% 14.55% 19.21% 14.75% 14.57% 10.97% 5.72% 5.35% 9.22% 5.42% 4.73% 4.87% 4.14% -2.64% -11.49%
Interest income 1.64 1.32 1.21 0.95 0.91 0.65 0.40 0.15 0.15 0.14 0.07 0.09 0.10 0.06 0.07 0.13 0.17 0.13 0.24 0.16 0.19
Interest expense -0.36 -0.24 -0.16 -0.11 -0.12 -0.14 -0.25 -0.26 -0.33 -0.40 -0.92 -0.63 -0.95 -2.29 -1.86 -2.82 -2.82 -2.31 -2.94 -2.71 -3.47
Other income (expense), net 0.51 -0.58 0.16 1.32 -0.21 -0.17 -0.40 0.17 0.30 0.38 -0.04 0.38 0.27 0.41 -1.11 -0.25 -0.90 -0.34 1.35 -0.64 0.57
Income (loss) before income taxes 7.29% 8.71% 8.76% 11.78% 12.00% 16.38% 16.95% 14.61% 19.33% 14.87% 13.68% 10.81% 5.13% 3.53% 6.33% 2.49% 1.17% 2.35% 2.79% -5.82% -14.20%
(Provision for) benefit from income taxes -1.92 22.86 -0.72 -1.30 -1.12 -1.13 -1.42 -1.21 -1.84 -1.65 -1.62 -0.96 -0.66 -0.77 -2.12 -0.35 -0.03 -0.56 -0.41 -0.31 -0.50
Net income (loss) 5.37% 31.56% 8.04% 10.49% 10.88% 15.24% 15.53% 13.40% 17.49% 13.22% 12.06% 9.85% 4.47% 2.76% 4.21% 2.14% 1.14% 1.79% 2.38% -6.13% -14.70%
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries -0.07 -0.06 -0.11 0.36 -0.11 -0.08 -0.18 -0.06 0.20 -0.12 -0.30 -0.30 -0.25 -0.24 -0.43 -0.41 -0.87 -0.36 -0.11 -0.30 -0.76
Net income (loss) attributable to common stockholders 5.30% 31.50% 7.94% 10.84% 10.77% 15.16% 15.34% 13.34% 17.69% 13.10% 11.76% 9.55% 4.22% 2.51% 3.77% 1.72% 0.27% 1.43% 2.27% -6.43% -15.46%

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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. income (loss) from operations as a percentage of revenues increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.
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. income (loss) before income taxes as a percentage of revenues decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
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. net income (loss) attributable to common stockholders as a percentage of revenues increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.