Stock Analysis on Net
Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA) 

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Tesla Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 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
Accounts payable 9.70 9.59 10.28 10.77 10.22 12.23 11.57 13.48 13.54 14.84 16.86 18.32 18.53 18.67 16.36 16.92 16.14 14.28 13.71 12.55
Accrued liabilities and other 9.64 9.56 8.96 8.63 8.78 8.85 8.52 8.46 8.52 8.13 8.45 8.43 8.67 8.39 8.81 8.94 9.20 9.41 8.66 7.69
Deferred revenue, current portion 2.48 2.81 2.52 2.59 2.60 2.53 2.48 2.77 2.69 2.35 2.40 2.02 2.12 2.59 2.71 2.41 2.33 3.11 3.07 3.01
Current portion of debt and finance leases 1.19 1.44 1.59 1.79 2.01 1.91 2.01 2.25 2.23 3.05 2.74 2.83 3.12 3.41 3.96 4.22 4.05 4.40 4.25 4.84
Current liabilities 23.01% 23.40% 23.34% 23.78% 23.61% 25.51% 24.58% 26.97% 26.96% 28.36% 30.46% 31.60% 32.44% 33.07% 31.85% 32.49% 31.72% 31.21% 29.69% 28.08%
Debt and finance leases, net of current portion 4.89 4.32 4.03 4.23 4.72 4.51 4.86 2.65 2.68 2.58 0.96 1.46 1.94 2.82 4.23 4.77 8.44 11.13 14.27 17.09
Deferred revenue, net of current portion 2.63 2.80 2.93 2.89 2.72 2.80 2.98 2.94 3.05 3.26 3.33 3.35 3.41 3.04 3.23 3.31 3.30 2.36 2.39 2.44
Other long-term liabilities 9.33 9.13 8.98 8.82 8.60 8.19 7.98 7.76 7.65 7.79 7.64 6.89 6.47 5.82 5.73 5.81 5.71 6.03 6.05 6.20
Long-term liabilities 16.85% 16.25% 15.93% 15.94% 16.03% 15.49% 15.81% 13.36% 13.38% 13.63% 11.94% 11.70% 11.82% 11.68% 13.19% 13.90% 17.45% 19.52% 22.71% 25.73%
Total liabilities 39.87% 39.64% 39.28% 39.72% 39.64% 41.00% 40.39% 40.33% 40.34% 41.99% 42.40% 43.30% 44.26% 44.75% 45.04% 46.39% 49.17% 50.73% 52.40% 53.82%
Redeemable noncontrolling interests in subsidiaries 0.04 0.04 0.05 0.05 0.05 0.06 0.06 0.07 0.23 0.29 0.32 0.47 0.50 0.57 0.61 0.70 0.91 1.05 1.10 1.13
Preferred stock; $0.001 par value; no shares issued and outstanding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock; $0.001 par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 31.04 31.10 31.39 31.54 31.43 31.11 32.30 32.74 32.73 36.41 36.91 37.86 39.08 42.45 45.17 46.16 47.97 50.01 51.15 52.15
Accumulated other comprehensive income (loss) 0.26 0.15 0.12 -0.34 -0.55 -0.01 -0.41 -0.37 -0.13 -0.74 -0.45 -0.26 -0.44 -1.27 -0.70 -0.08 0.09 0.21 0.37 0.27
Retained earnings (accumulated deficit) 28.30 28.54 28.62 28.47 28.84 27.25 27.02 26.56 26.15 21.24 19.98 17.73 15.65 12.36 8.62 5.53 0.53 -3.44 -6.54 -8.97
Stockholders’ equity 59.60% 59.80% 60.14% 59.67% 59.73% 58.35% 58.91% 58.94% 58.75% 56.91% 56.44% 55.34% 54.29% 53.54% 53.09% 51.61% 48.59% 46.78% 44.98% 43.45%
Noncontrolling interests in subsidiaries 0.49 0.51 0.54 0.56 0.58 0.59 0.64 0.67 0.69 0.80 0.84 0.89 0.95 1.14 1.26 1.31 1.33 1.45 1.53 1.60
Total equity 60.09% 60.31% 60.68% 60.23% 60.31% 58.94% 59.55% 59.61% 59.43% 57.71% 57.28% 56.23% 55.25% 54.69% 54.35% 52.92% 49.92% 48.22% 46.50% 45.05%
Total liabilities and equity 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%

Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 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).

The composition of liabilities and stockholders’ equity exhibited notable shifts over the observed period, spanning from March 31, 2021, to December 31, 2025. A general trend indicates a decreasing reliance on total liabilities as a percentage of the total, coupled with a corresponding increase in stockholders’ equity, particularly evident in the later years of the period.

Current Liabilities
Current liabilities, initially representing approximately 28.08% of total liabilities and equity in March 2021, peaked at 33.07% in September 2022 before declining to 23.01% by December 2025. This suggests improved short-term liquidity management or a shift in financing strategies. Accounts payable consistently represented the largest component of current liabilities, fluctuating between 12.55% and 18.67% throughout the period, and decreasing towards the end of the period.
Long-Term Liabilities
Long-term liabilities demonstrated a decreasing trend from 25.73% in March 2021 to 16.85% in December 2025. The most significant reduction occurred in debt and finance leases, net of the current portion, which fell from 17.09% to 4.89% over the same timeframe. This indicates a substantial reduction in long-term debt obligations. Other long-term liabilities showed a gradual increase, rising from 6.20% to 9.33% during the period.
Stockholders’ Equity
Stockholders’ equity consistently increased as a percentage of total liabilities and equity, rising from 43.45% in March 2021 to 59.60% in December 2025. This growth was primarily driven by increases in retained earnings, which moved from -8.97% to 28.30% over the period, reflecting improved profitability and earnings retention. Additional paid-in capital remained relatively stable, fluctuating between 31.11% and 52.15% but generally decreasing over time. Redeemable noncontrolling interests in subsidiaries decreased steadily, from 1.60% to 0.49%.
Deferred Revenue
Both the current and net portions of deferred revenue remained relatively stable, fluctuating within a narrow range of 2.12% to 3.33% and 2.36% to 3.41% respectively. These figures suggest a consistent pattern of revenue recognition related to deferred obligations.

Overall, the observed trends suggest a strengthening financial position, characterized by reduced reliance on debt, increased equity, and improved profitability. The company appears to be transitioning towards a more sustainable capital structure with a greater emphasis on internally generated funds.