Stock Analysis on Net
Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity

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

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Accounts payable
Accrued purchases
Accrued warranty reserve, current portion
Payroll and related costs
Taxes payable
Customer deposits
Operating lease liabilities, current portion
Sales return reserve, current portion
Other current liabilities
Accrued liabilities and other
Deferred revenue
Current portion of debt and finance leases
Current liabilities
Debt and finance leases, net of current portion
Deferred revenue, net of current portion
Operating lease liabilities, net of current portion
Accrued warranty reserve, net of current portion
Other non-current liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Redeemable noncontrolling interests in subsidiaries
Convertible senior notes
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-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).

Accounts payable
The amount increased significantly from 6,051 million US$ in 2020 to a peak of 15,255 million US$ in 2022, followed by a gradual decline to 12,474 million US$ in 2024, indicating initial growth in short-term obligations with subsequent tightening.
Accrued purchases
There was a consistent upward trend from 901 million US$ in 2020 to 2,747 million US$ in 2022, then a slight decrease in the following years with a value of 2,253 million US$ by 2024, suggesting a rising purchase accrual that stabilized recently.
Accrued warranty reserve, current portion
This liability progressively increased over the five-year period, more than quadrupling from 479 million US$ in 2020 to 1,917 million US$ in 2024, reflecting growing warranty obligations linked to sales or product usage.
Payroll and related costs
There was a steady increase from 654 million US$ in 2020 to 1,532 million US$ in 2024, indicating ongoing growth in labor expenses consistent with company expansion.
Taxes payable
Taxes payable exhibited an upward trend with minor fluctuations, rising from 777 million US$ in 2020 to 1,367 million US$ in 2024, implying increasing tax liabilities possibly due to higher earnings or changing tax obligations.
Customer deposits
After rising from 752 million US$ in 2020 to 1,063 million US$ in 2022, customer deposits slightly decreased to 876 million US$ in 2023 before increasing again to 993 million US$ in 2024, indicating some variability in advance payments from customers.
Operating lease liabilities, current portion
This liability increased consistently from 286 million US$ in 2020 to 807 million US$ in 2024, reflecting growing lease commitments within the current year.
Sales return reserve, current portion
The reserve decreased overall from 417 million US$ in 2020 to 219 million US$ in 2023 but increased again to 305 million US$ in 2024, showing some fluctuation in expected sales returns over the period.
Other current liabilities
Other current liabilities remained relatively stable initially but rose sharply to 1,549 million US$ in 2024 from 310-517 million US$ range in previous years, indicating unusual increases in miscellaneous short-term obligations.
Accrued liabilities and other
A steady increase from 4,607 million US$ in 2020 to 10,723 million US$ in 2024 reflects growing accrued expenses and similar liabilities, consistent with company expansion and increased operational scale.
Deferred revenue
Deferred revenue rose from 1,458 million US$ in 2020 to 3,168 million US$ in 2024, showing increased advance payments or revenue recognition deferrals.
Current portion of debt and finance leases
This figure fluctuated, declining from 2,132 million US$ in 2020 to 1,502 million US$ in 2022, then rising again to 2,456 million US$ in 2024, indicating variable short-term debt obligations.
Current liabilities
Total current liabilities almost doubled from 14,248 million US$ in 2020 to 28,821 million US$ in 2024, reflecting significant growth in short-term financial obligations across categories.
Debt and finance leases, net of current portion
Long-term debt declined substantially from 9,556 million US$ in 2020 to 1,597 million US$ in 2022, then increased again to 5,757 million US$ in 2024, indicating active debt management and refinancing activities.
Deferred revenue, net of current portion
Non-current deferred revenue increased steadily from 1,284 million US$ in 2020 to 3,317 million US$ in 2024, signifying growing long-term revenue deferral.
Operating lease liabilities, net of current portion
Non-current lease liabilities grew considerably from 1,254 million US$ in 2020 to 4,603 million US$ in 2024, highlighting increased long-term lease commitments.
Accrued warranty reserve, net of current portion
Non-current warranty reserves rose sharply from 989 million US$ in 2020 to 4,799 million US$ in 2024, suggesting an expansion in anticipated long-term warranty costs.
Other non-current liabilities
This category showed some variability but generally increased from 1,087 million US$ in 2020 to 1,093 million US$ in 2024, reflecting relatively stable other long-term obligations.
Other long-term liabilities
Other long-term liabilities increased markedly from 3,330 million US$ in 2020 to 10,495 million US$ in 2024, indicating growing commitments or provisions beyond those specifically identified.
Long-term liabilities
Total long-term liabilities fluctuated, with a decrease from 14,170 million US$ in 2020 to 9,731 million US$ in 2022, followed by a substantial increase to 19,569 million US$ in 2024, reflecting strategic changes in long-term financing and obligations.
Total liabilities
Total liabilities increased consistently from 28,418 million US$ in 2020 to 48,390 million US$ in 2024, displaying the company's growing total obligations over the period.
Redeemable noncontrolling interests in subsidiaries
These interests declined steadily from 604 million US$ in 2020 to 63 million US$ in 2024, indicating a reduction in outside ownership claims within subsidiaries.
Convertible senior notes
Convertible notes were present at 51 million US$ in 2020 but appear to have been extinguished or repaid by 2021 onwards, as no further values are reported.
Preferred stock
No preferred stock was issued or outstanding during the period.
Common stock
Common stock par value remained stable at 1 million US$ in 2020 and 2021, increasing slightly to 3 million US$ from 2022 onward, corresponding to minor share issuances or stock adjustments.
Additional paid-in capital
Additional paid-in capital grew steadily from 27,260 million US$ in 2020 to 38,371 million US$ in 2024, indicating consistent equity financing or capital contributions.
Accumulated other comprehensive income (loss)
This item shifted from a positive 363 million US$ in 2020 to increasing negative amounts, reaching a loss of 670 million US$ in 2024, signaling adverse changes in other comprehensive income components such as currency translation or valuation adjustments.
Retained earnings (accumulated deficit)
Retained earnings improved dramatically from a deficit of 5,399 million US$ in 2020 to positive 35,209 million US$ in 2024, reflecting strong profitability and undistributed earnings accumulation.
Stockholders’ equity
Stockholders' equity increased substantially from 22,225 million US$ in 2020 to 72,913 million US$ in 2024, underscoring significant growth in net assets attributable to shareholders.
Noncontrolling interests in subsidiaries
Noncontrolling interests decreased gradually from 850 million US$ in 2020 to 704 million US$ in 2024, consistent with the decline in redeemable noncontrolling interests.
Total equity
Total equity rose markedly from 23,075 million US$ in 2020 to 73,617 million US$ in 2024, reflecting overall strengthening of the company's net worth.
Total liabilities and equity
The sum of liabilities and equity increased consistently from 52,148 million US$ in 2020 to 122,070 million US$ in 2024, indicating significant asset growth financed through a mix of liabilities and equity over the period.