Analysis of Reportable Segments
Tesla Inc. operates in 2 segments: Automotive and Energy generation and storage.
Segment Profit Margin
Tesla Inc., profit margin by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Automotive | 26.91% | 22.38% | 16.83% | 19.35% | 18.61% |
| Energy generation and storage | -4.63% | 0.90% | 12.41% | 12.24% | 21.66% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Automotive | Automotive segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Energy generation and storage | Energy generation and storage segment profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Segment Profit Margin: Automotive
Tesla Inc.; Automotive; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Gross profit | 13,735) | 6,612) | 3,879) | 3,852) | 1,981) |
| Revenues | 51,034) | 29,542) | 23,047) | 19,906) | 10,642) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 26.91% | 22.38% | 16.83% | 19.35% | 18.61% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment profit margin = 100 × Gross profit ÷ Revenues
= 100 × 13,735 ÷ 51,034 = 26.91%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Automotive | Automotive segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
Segment Profit Margin: Energy generation and storage
Tesla Inc.; Energy generation and storage; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Gross profit | (129) | 18) | 190) | 190) | 242) |
| Revenues | 2,789) | 1,994) | 1,531) | 1,555) | 1,116) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | -4.63% | 0.90% | 12.41% | 12.24% | 21.66% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment profit margin = 100 × Gross profit ÷ Revenues
= 100 × -129 ÷ 2,789 = -4.63%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Energy generation and storage | Energy generation and storage segment profit margin ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Revenues
Tesla Inc., revenues by reportable segment
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Automotive | 51,034) | 29,542) | 23,047) | 19,906) | 10,642) |
| Energy generation and storage | 2,789) | 1,994) | 1,531) | 1,555) | 1,116) |
| Total | 53,823) | 31,536) | 24,578) | 21,461) | 11,759) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Gross profit
Tesla Inc., gross profit by reportable segment
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Automotive | 13,735) | 6,612) | 3,879) | 3,852) | 1,981) |
| Energy generation and storage | (129) | 18) | 190) | 190) | 242) |
| Total | 13,606) | 6,630) | 4,069) | 4,042) | 2,222) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).