Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Tesla Inc., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Automotive sales 78,509 67,210 44,125 24,604 19,358
Automotive regulatory credits 1,790 1,776 1,465 1,580 594
Automotive leasing 2,120 2,476 1,642 1,052 869
Automotive revenues 82,419 71,462 47,232 27,236 20,821
Energy generation and storage 6,035 3,909 2,789 1,994 1,531
Services and other 8,319 6,091 3,802 2,306 2,226
Revenues 96,773 81,462 53,823 31,536 24,578
Automotive sales (65,121) (49,599) (32,415) (19,696) (15,939)
Automotive leasing (1,268) (1,509) (978) (563) (459)
Automotive cost of revenues (66,389) (51,108) (33,393) (20,259) (16,398)
Energy generation and storage (4,894) (3,621) (2,918) (1,976) (1,341)
Services and other (7,830) (5,880) (3,906) (2,671) (2,770)
Cost of revenues (79,113) (60,609) (40,217) (24,906) (20,509)
Gross profit 17,660 20,853 13,606 6,630 4,069
Research and development (3,969) (3,075) (2,593) (1,491) (1,343)
Selling, general and administrative (4,800) (3,946) (4,517) (3,145) (2,646)
Restructuring and other (176) 27 (149)
Operating expenses (8,769) (7,197) (7,083) (4,636) (4,138)
Income (loss) from operations 8,891 13,656 6,523 1,994 (69)
Interest income 1,066 297 56 30 44
Interest expense (156) (191) (371) (748) (685)
Other income (expense), net 172 (43) 135 (122) 45
Income (loss) before income taxes 9,973 13,719 6,343 1,154 (665)
(Provision for) benefit from income taxes 5,001 (1,132) (699) (292) (110)
Net income (loss) 14,974 12,587 5,644 862 (775)
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries 23 (31) (125) (141) (87)
Net income (loss) attributable to common stockholders 14,997 12,556 5,519 721 (862)

Based on: 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), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Tesla Inc. revenues increased from 2021 to 2022 and from 2022 to 2023.
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Tesla Inc. income (loss) from operations increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Tesla Inc. income (loss) before income taxes increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Net income (loss) attributable to common stockholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Tesla Inc. net income (loss) attributable to common stockholders increased from 2021 to 2022 and from 2022 to 2023.