Balance Sheet: Assets
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.
Paying user area
Try for free
Tesla Inc. pages available for free this week:
- Cash Flow Statement
- Analysis of Liquidity Ratios
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2010
- Current Ratio since 2010
- Price to Operating Profit (P/OP) since 2010
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Tesla Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Tesla Inc., consolidated balance sheet: assets
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Total assets experienced substantial growth over the five-year period, increasing from US$62.131 billion in 2021 to US$137.806 billion in 2025. This growth was primarily driven by increases in both current and non-current assets. A significant shift in the composition of assets is also apparent, with a notable rise in short-term investments and deferred tax assets.
- Current Assets
- Current assets demonstrated a consistent upward trend, more than doubling from US$27.100 billion in 2021 to US$68.642 billion in 2025. This increase was fueled by growth across most current asset categories. Cash and cash equivalents remained relatively stable, fluctuating around US$16-17.5 billion. However, short-term investments exhibited the most dramatic increase, rising from US$131 million in 2021 to US$27.546 billion in 2025, indicating a shift in liquidity management strategy. Accounts receivable and inventory also increased steadily, though at a slower pace than short-term investments. Prepaid expenses and other current assets showed a substantial increase, particularly between 2023 and 2025.
- Non-Current Assets
- Non-current assets also increased significantly, growing from US$35.031 billion in 2021 to US$69.164 billion in 2025. The largest component of non-current assets, property, plant, and equipment, net, experienced consistent growth, rising from US$18.884 billion to US$40.643 billion. Operating lease right-of-use assets also increased substantially, reflecting a growing reliance on leased assets. Energy generation and storage systems, net, experienced a slight decline over the period. A notable increase is observed in deferred tax assets, growing from US$89 million in 2021 to US$6.925 billion in 2025, potentially indicating changes in tax planning or profitability. Digital assets experienced volatility, with a peak in 2024 before slightly decreasing in 2025.
- Asset Composition
- In 2021, current assets represented approximately 43.6% of total assets, while non-current assets comprised 56.4%. By 2025, the proportion of current assets had increased to approximately 49.9% of total assets, while non-current assets accounted for 50.1%. This shift suggests a growing proportion of more liquid assets relative to longer-term investments. The significant increase in short-term investments contributed substantially to this change.
Overall, the asset base expanded considerably during the analyzed period. The company appears to be strategically increasing its investments in both short-term and long-term assets, with a particular emphasis on short-term investments and property, plant, and equipment. The growth in deferred tax assets warrants further investigation to understand the underlying drivers.