Analysis of Geographic Areas
Tesla Inc. operates in 3 regions: United States; China; and Other International.
Area Asset Turnover
Tesla Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 1.70 | 1.87 | 1.26 | 0.95 | 0.81 |
| China | 7.71 | 6.09 | 5.73 | 4.50 | — |
| Other International | 5.41 | 5.18 | 4.99 | 7.68 | 13.40 |
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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| China | China area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Other International | Other International area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
Tesla Inc.; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 45,235) | 40,553) | 23,973) | 15,207) | 12,653) |
| Long-lived assets | 26,629) | 21,667) | 19,026) | 15,989) | 15,644) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.70 | 1.87 | 1.26 | 0.95 | 0.81 |
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).
1 2023 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 45,235 ÷ 26,629 = 1.70
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Asset Turnover: China
Tesla Inc.; China; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 21,745) | 18,145) | 13,844) | 6,662) | —) |
| Long-lived assets | 2,820) | 2,978) | 2,415) | 1,479) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 7.71 | 6.09 | 5.73 | 4.50 | — |
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).
1 2023 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 21,745 ÷ 2,820 = 7.71
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | China | China area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Other International
Tesla Inc.; Other International; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 29,793) | 22,764) | 16,006) | 9,667) | 11,925) |
| Long-lived assets | 5,505) | 4,392) | 3,208) | 1,258) | 890) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.41 | 5.18 | 4.99 | 7.68 | 13.40 |
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).
1 2023 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 29,793 ÷ 5,505 = 5.41
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other International | Other International area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Revenues
Tesla Inc., revenues by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 45,235) | 40,553) | 23,973) | 15,207) | 12,653) |
| China | 21,745) | 18,145) | 13,844) | 6,662) | —) |
| Other International | 29,793) | 22,764) | 16,006) | 9,667) | 11,925) |
| Total | 96,773) | 81,462) | 53,823) | 31,536) | 24,578) |
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).
Long-lived assets
Tesla Inc., long-lived assets by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 26,629) | 21,667) | 19,026) | 15,989) | 15,644) |
| China | 2,820) | 2,978) | 2,415) | 1,479) | —) |
| Other International | 5,505) | 4,392) | 3,208) | 1,258) | 890) |
| Total | 34,954) | 29,037) | 24,649) | 18,726) | 16,534) |
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).