Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

Microsoft Excel
Mar 31, 2026 Dec 31, 2025 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
Accounts payable
Accrued liabilities and other
Deferred revenue, current portion
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
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: 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).


The financial position demonstrates a period of significant expansion in both total liabilities and total equity, with total liabilities and equity increasing from 52,972 million USD in March 2021 to 143,724 million USD by March 2026. This growth reflects a substantial increase in the organization's capital base and overall scale of operations.

Liability Composition and Trends
Total liabilities exhibited a consistent upward trajectory, rising from 28,507 million USD to 58,922 million USD over the analyzed period. Current liabilities grew from 14,877 million USD to 34,138 million USD, primarily driven by increases in accounts payable and accrued liabilities. Accounts payable increased from 6,648 million USD to 14,696 million USD, while accrued liabilities grew from 4,073 million USD to 14,554 million USD, suggesting an increase in operational obligations as production scaled.
Long-term debt and finance leases, net of current portions, showed a distinct U-shaped pattern. These obligations decreased from 9,053 million USD in March 2021 to a low of 872 million USD in June 2023, before trending upward again to 7,782 million USD by March 2026. This suggests a period of aggressive deleveraging followed by a strategic increase in long-term financing.
Equity Growth and Capitalization
Stockholders' equity experienced robust growth, increasing from 23,017 million USD in March 2021 to 84,116 million USD in March 2026. A critical driver of this expansion was the reversal of the accumulated deficit. Retained earnings transitioned from a deficit of 4,750 million USD in March 2021 to a surplus of 39,480 million USD by March 2026, indicating a sustained period of profitability and internal capital generation.
Additional paid-in capital grew steadily from 27,623 million USD to 44,299 million USD, reflecting successful capital raises through equity issuance over the five-year period.
Solvency and Financial Leverage
The balance sheet indicates a strengthening solvency profile. In March 2021, total liabilities were approximately 1.19 times total equity. By March 2026, this ratio decreased to approximately 0.70, demonstrating a shift toward a more equity-heavy capital structure and a reduced reliance on external debt to fund assets.
The growth in total equity has significantly outpaced the growth in total liabilities, resulting in a lower overall leverage ratio and an enhanced financial cushion against potential volatility.