Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2010
- Current Ratio since 2010
- Total Asset Turnover since 2010
- Analysis of Debt
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Tesla Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-03-31), 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).
Total assets exhibit a consistent and aggressive growth trajectory, increasing from 52,972 million USD in March 2021 to 143,724 million USD by March 2026. This expansion is driven by simultaneous growth in both current and non-current asset categories, reflecting a significant scaling of the balance sheet over the analyzed period.
- Liquidity and Cash Management
- A strategic shift in liquidity positioning is observed. While cash and cash equivalents remained relatively stable, fluctuating between 11,805 million USD and 19,532 million USD, short-term investments experienced exponential growth. Starting from negligible levels in early 2021, short-term investments rose to 28,140 million USD by March 2026, suggesting a transition toward higher-yield liquid instruments to optimize interest income on excess capital.
- Current Asset Composition
- Current assets grew from 24,705 million USD to 69,748 million USD. Inventory levels showed a marked increase, rising from 4,132 million USD in March 2021 to a peak of 16,033 million USD in March 2023, before stabilizing around 14,434 million USD by March 2026. Accounts receivable also trended upward, growing from 1,890 million USD to 3,959 million USD, indicating an increase in credit extended to customers or partners as sales volumes expanded.
- Capital Expenditure and Long-term Infrastructure
- Property, plant and equipment (PP&E), net, represents the most significant driver of non-current asset growth, increasing from 13,868 million USD to 43,213 million USD. This sustained upward trend indicates continuous investment in manufacturing capacity and infrastructure. In contrast, energy generation and storage systems, net, experienced a gradual decline from 5,933 million USD to 4,565 million USD over the same period.
- Other Non-Current Asset Trends
- A notable structural change occurred in December 2023 with the introduction of deferred tax assets valued at 6,733 million USD, which remained a consistent component of the balance sheet thereafter. Digital assets exhibited high volatility, dropping from 1,331 million USD in March 2021 to a low of 184 million USD between December 2022 and September 2023, before recovering to 1,076 million USD in December 2024 and ending at 786 million USD in March 2026.
- Leasing Activity
- Operating lease right-of-use assets showed a steady increase from 1,647 million USD to 6,332 million USD, suggesting an expansion in leased facilities or equipment. Conversely, operating lease vehicles, net, peaked in September 2023 at 6,119 million USD before trending downward to 4,530 million USD by March 2026.