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.
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- Common-Size Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2010
- Current Ratio since 2010
- Price to Earnings (P/E) since 2010
- Analysis of Revenues
- Aggregate Accruals
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Tesla Inc., consolidated balance sheet: assets
US$ in millions
Based on: 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), 10-K (reporting date: 2020-12-31).
The financial data reveals several notable trends in asset composition and changes over the five-year period.
- Cash and cash equivalents
- There is a gradual decrease in cash and cash equivalents from 19,384 million USD in 2020 to 16,139 million USD in 2024, indicating a decline of approximately 17% over the period.
- Short-term investments
- Short-term investments show a significant increase beginning in 2021, rising sharply from 131 million USD to 20,424 million USD in 2024. This suggests a strategic shift towards allocating more resources into short-term investment vehicles.
- Accounts receivable, net
- Accounts receivable have steadily increased from 1,886 million USD in 2020 to 4,418 million USD in 2024, reflecting growth in credit sales or revenue recognition over time.
- Inventory
- Inventory experienced rapid growth from 4,101 million USD in 2020 to a peak of 13,626 million USD in 2023, followed by a decline to 12,017 million USD in 2024. This may point to increased production or stockpiling initially, with some inventory reduction in the final year.
- Prepaid expenses and other current assets
- This category rose consistently, nearly quadrupling from 1,346 million USD in 2020 to 5,362 million USD in 2024, which may indicate increased advance payments or other current asset holdings.
- Current assets
- Total current assets demonstrate substantial overall growth, increasing from 26,717 million USD in 2020 to 58,360 million USD in 2024, more than doubling in size. This reflects bolstered liquidity and current asset accumulation.
- Operating lease vehicles, net
- There is a general upward trend in operating lease vehicles from 3,091 million USD in 2020 to a peak of 5,989 million USD in 2023, followed by a slight decline to 5,581 million USD in 2024.
- Solar energy systems, net
- Solar energy systems assets have gradually declined each year, moving from 5,979 million USD in 2020 down to 4,924 million USD in 2024, indicating depreciation or asset disposals.
- Property, plant and equipment, net
- Net property, plant, and equipment increased markedly from 12,747 million USD in 2020 to 35,836 million USD in 2024, suggesting considerable investment in fixed assets and capacity expansion.
- Operating lease right-of-use assets
- Right-of-use assets related to leases expanded notably from 1,558 million USD in 2020 to 5,160 million USD in 2024, pointing to increased lease commitments.
- Digital assets, net
- This asset category shows sporadic presence, starting from 1,260 million USD in 2021, dipping sharply thereafter, and recovering to 1,076 million USD in 2024, suggesting fluctuating investments or valuations.
- Intangible assets, net
- Intangible assets steadily declined from 313 million USD in 2020 to 150 million USD in 2024, reflecting amortization or impairment over time.
- Goodwill
- Goodwill remains relatively stable with minor fluctuations, ranging between 194 million USD and 253 million USD during the reviewed period, implying limited acquisition activity affecting goodwill.
- Deferred tax assets
- Deferred tax assets surged significantly, especially jumping from 328 million USD in 2022 to 6,733 million USD in 2023, sustaining a similar level at 6,524 million USD in 2024, suggesting large timing differences or tax credit recognition.
- Other non-current assets
- Other non-current assets have increased from 1,469 million USD in 2020 to a peak of 4,531 million USD in 2023, then decreased slightly to 4,215 million USD in 2024, indicating changes in miscellaneous asset holdings.
- Non-current assets
- Total non-current assets rose notably from 25,431 million USD in 2020 to 63,710 million USD in 2024, more than doubling over five years, driven mostly by increases in property, plant and equipment and deferred tax assets.
- Total assets
- Total assets illustrate strong overall growth, nearly doubling from 52,148 million USD in 2020 to 122,070 million USD in 2024, reflecting expansion and asset accumulation across several categories.