Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

$24.99

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

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

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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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Accounts payable
Accrued liabilities and other
Deferred revenue
Current portion of debt and finance leases
Current liabilities
Debt and finance leases, net of current portion
Deferred revenue, net of current portion
Other long-term liabilities
Long-term liabilities
Total liabilities
Redeemable noncontrolling interests in subsidiaries
Convertible senior notes
Preferred stock; $0.001 par value; no shares issued and outstanding
Common stock; $0.001 par value
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Stockholders’ equity
Noncontrolling interests in subsidiaries
Total equity
Total liabilities and equity

Based on: 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), 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).


Liabilities Trends
Over the analyzed periods, total liabilities as a percentage of total liabilities and equity exhibit a clear declining trend, falling from around 71.19% at the beginning of the period to approximately 39.64% near the end. Both current and long-term liabilities contribute to this decline.
Current liabilities decrease from just over 32% to about 23-24%, showing some fluctuations but an overall downward trajectory. The current portion of debt and finance leases consistently diminishes from roughly 10.75% down to near 1.44%, indicating a reduction in short-term debt obligations.
Long-term liabilities decline more steeply, from nearly 39.01% to about 16.25%, with a noticeable shift away from debt and finance leases net of the current portion, which drops significantly from 28.63% to roughly 4.32%. This reduction in debt burden suggests deleveraging over time.
Other long-term liabilities show a modest increase, moving gradually from around 7.16% to over 9.13%, indicating some growth in non-debt long-term obligations.
Accounts Payable and Accrued Liabilities
Accounts payable as a percentage of total liabilities and equity peak during late 2021 at around 18.67% but generally trend downward afterward, lowering to nearly 9.59% by the last recorded period. This suggests reduced short-term operational payables relative to the company's capitalization.
Accrued liabilities and other related items maintain a relatively stable presence, fluctuating between 7.12% and 9.56%, with slight increasing tendencies in recent periods, reflecting consistency in the accrual-based obligations.
Deferred Revenue
Deferred revenue, both current and net of current portion, remains relatively stable as a percentage of total liabilities and equity, staying mostly within 2% to 3.5%. Current deferred revenue shows minimal fluctuation, while long-term deferred revenue exhibits small declines and recoveries but no significant trend.
Equity Components
Total stockholders’ equity as a percentage of total liabilities and equity consistently rises throughout the timeframe, moving from roughly 24.63% to a peak close to 60.31%. This indicates a strengthening equity base and a shift toward greater capitalization via equity financing.
Retained earnings show a substantial increase from negative levels (-16.39%) to strongly positive values (above 28%), demonstrating improved profitability and accumulation of earnings over time.
Additional paid-in capital decreases gradually, from about 52.27% in late 2020 to nearly 31.10% in 2025, indicating possible adjustments in capital contributions or dilution effects balancing the overall equity growth.
Accumulated other comprehensive income fluctuates around zero with minor negative and positive shifts, indicating limited impact from unrealized gains or losses on the overall equity structure.
Noncontrolling interests in subsidiaries steadily decline from approximately 2.33% to 0.51%, showing diminishing minority ownership stakes.
Summary of Capital Structure
Overall, the financial structure reflects a clear deleveraging trend, with a marked reduction in both short-term and long-term debt components relative to total liabilities and equity. The company appears to have strengthened its equity base significantly, primarily through increasing retained earnings and overall stockholders' equity.
The shifting capital framework suggests enhanced financial stability and reduced leverage risk, possibly supporting a more conservative balance sheet posture or reflecting operational improvements that generate higher earnings retention.
Stability in accrued liabilities, deferred revenue, and other long-term liabilities alongside these shifts indicates ongoing operational consistency. The steady decline in noncontrolling interests and convertible notes suggests a simplification or consolidation of ownership and funding sources.