Tesla Inc. (NASDAQ:TSLA)

Revenues

Revenues showed a consistent and substantial upward trend throughout the period. Starting from 117 million USD in 2010, revenues increased steadily each year, reaching 97,690 million USD by 2024. The growth was particularly pronounced from 2014 onwards, with rapid expansion evident between 2016 and 2021, where revenues nearly doubled from 7,000 million USD to 31,536 million USD, and then continued to rise sharply thereafter.

Income (loss) from operations

The operational income presented significant volatility and a general pattern of losses in the early years. From negative values of -147 million USD in 2010 and reaching a low of -1,632 million USD in 2017, the company experienced substantial operational challenges. However, from 2018 onwards, a turnaround occurred, with operational income moving positive in 2019 at 1,994 million USD and growing significantly thereafter, peaking at 13,656 million USD in 2022 before slightly declining to 7,076 million USD in 2024. This indicates an improving operational efficiency or profitability in recent years.

Net income (loss) attributable to common stockholders

Net income followed a trajectory similar to operational income with consistent losses in the first several years, starting at -154 million USD in 2010 and worsening to -1,961 million USD in 2017. The net loss narrowed significantly after 2017, turning positive in 2019 at 721 million USD and increasing sharply up to a peak of 14,997 million USD in 2023 before retreating to 7,091 million USD in 2024. This suggests the company managed to convert operational improvements into net profitability over time, though volatility remains in the most recent years.

The analyzed financial data displays a clear and significant upward trend in both current assets and total assets over the period from 2010 to 2024.

Current Assets

Current assets show substantial growth, increasing from US$236 million in 2010 to an estimated US$58,360 million in 2024. The progression is marked by an initial gradual rise, followed by a more accelerated increase starting around 2012. Notably, the asset base grew steadily through the years 2016 to 2024, nearly doubling from US$27,100 million in 2021 to US$58,360 million projected for 2024. This trend indicates a strong enhancement in the liquidity and short-term asset holding capacity of the company.

Total Assets

Total assets also demonstrate a consistent upward trajectory, beginning at US$386 million in 2010 and reaching approximately US$122,070 million by the end of 2024. The growth pattern is somewhat exponential, with marked increases observed post-2015. For instance, total assets more than tripled from US$8,092 million in 2015 to US$26,717 million in 2019, and continued its expansion through to 2024. This explosive growth illustrates significant capital investment and asset accumulation, reflecting the company's expansion and increased operational scale over the years.

Overall, the data reflects a robust expansion in asset accumulation, with substantial increases in both current assets and total assets. This indicates improved company capacity for meeting short-term obligations while also growing its asset base, consistent with organizational scaling and increased financial strength over the analyzed period.

The financial data exhibits significant trends in liabilities, debt, and equity over the analyzed periods. These trends highlight the evolving capital structure and risk profile.

Current Liabilities

Current liabilities increased sharply from US$86 million in 2010 to US$28,821 million in 2024. The growth was especially notable between 2013 and 2017, when current liabilities rose from US$675 million to US$7,675 million, signaling expanding short-term obligations. Growth continued steadily thereafter, reaching nearly US$29 billion at the end of 2024.

Total Liabilities

Total liabilities mirrored the upward trajectory of current liabilities, rising from US$179 million in 2010 to US$48,390 million in 2024. Large increments occurred between 2014 and 2017, where total liabilities increased from US$4,879 million to US$23,023 million. Subsequent years showed sustained growth, although at a somewhat moderated pace compared to earlier years.

Total Debt and Finance Leases

Total debt and finance leases increased initially from US$73 million in 2010 to a peak of US$13,419 million in 2018. However, a reversal occurred thereafter, with a significant decline to US$3,099 million by 2022. This suggests active debt reduction or restructuring after 2018, although slight increases resumed through 2024, finishing at US$8,213 million. This pattern highlights a period of deleveraging followed by moderate re-leveraging or new financing arrangements.

Stockholders’ Equity

Stockholders’ equity exhibited strong growth, especially after 2015. It increased from US$207 million in 2010 to US$72,913 million in 2024, indicating substantial capital accumulation. Notable surges occurred between 2016 and 2021, with equity rising from US$4,753 million to over US$30,000 million, and continued growth through 2024. This increase in equity reflects a strengthening financial position and possible retained earnings accumulation or capital raising activities.

Overall, the data reveals a company that has increased its liabilities and obligations substantially over the years while also bolstering its equity base markedly. After a peak in debt levels around 2018, a significant reduction suggests prudent financial management, aimed at lowering leverage. The consistent growth in stockholders’ equity corroborates improving financial strength and capacity for sustained expansion.

The analysis of the cash flow activities over the years reveals several noteworthy patterns and shifts.

Operating Activities

Initially, operating activities produced negative cash flows, with values fluctuating from -128 million USD in 2010 to as low as -524 million USD in 2015. Starting in 2013, there was a significant turnaround, reflected by a positive cash flow of 258 million USD, followed by some volatility until 2017 when operating cash flows rose substantially. From 2018 onward, operating cash inflows showed strong growth, peaking at 14,724 million USD in 2022 before a slight decline in 2023 and then a recovery in 2024.

Investing Activities

Investing activities consistently resulted in negative cash flows throughout the entire period, indicating ongoing investments or capital expenditures. The outflows increased sharply from 180 million USD in 2010 to nearly 15,584 million USD in 2023, reflecting a substantial escalation in investment intensity. The trend continues its upward trajectory into 2024, reaching 18,787 million USD. Large negative investing cash flows indicate aggressive expansion or asset acquisition strategies.

Financing Activities

Financing cash flows show a varied pattern with substantial inflows in the earlier years, climbing from 338 million USD in 2010 to a high of 4,415 million USD in 2017. After 2017, cash inflows from financing dropped markedly and even turned negative in 2021 (-5,203 million USD) and 2022 (-3,527 million USD), implying repayments, buybacks, or reductions in external financing. However, financing cash flows recovered in 2023 and 2024 with positive inflows of 2,589 million USD and 3,853 million USD respectively, suggesting renewed capital raising or issuance of debt/equity.

Overall, the data illustrates a transition from early negative operating cash flows toward consistently strong positive operational cash generation. This growth in operational cash flow is supported by continued large investments as seen in the highly negative investing cash flows. Financing activities have fluctuated but currently seem to support the company's capital needs following a period of deleveraging or capital return. The continued negative investing cash flows paired with increasing operating cash flows suggest a maturing enterprise investing heavily while steadily improving its core cash earning capacity.

Basic Earnings Per Share (EPS)

From 2010 to 2015, the basic EPS showed consistent negative values, indicating losses each year. The values fluctuated moderately, with the lowest point around 2015 at -0.46 US$. Starting in 2016, the negative trend continued but deepened briefly to -0.79 US$ in 2017, suggesting intensified losses. However, from 2018 onwards, the trend reversed with basic EPS turning positive for the first time in 2020 at 0.25 US$. This positive momentum grew substantially through 2021 and 2022, peaking at 4.02 US$ and 4.73 US$, respectively. Despite the decrease in 2024 to 2.23 US$, the overall long-term pattern indicates a transition from sustained losses to solid profitability.

Diluted Earnings Per Share (EPS)

The diluted EPS followed a pattern similar to the basic EPS with losses during the initial years up to 2015, with the lowest dips around -0.46 US$ and -0.79 US$ noted in 2017. A turnaround began in 2020 when diluted EPS went positive at 0.21 US$, gradually increasing thereafter. Peaks were observed in 2022 and 2023 at 3.62 US$ and 4.30 US$, respectively, with a slight reduction to 2.04 US$ in 2024. These trends mirror the improvement in the company's financial performance, showing enhanced earnings even after accounting for dilution effects.

Dividend Per Share

No dividends were declared or paid throughout the entire period under review. This suggests either a reinvestment strategy or a focus on growth rather than shareholder returns via dividends.