Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

Tesla Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $182.45
No. shares of common stock outstanding 3,157,752,449
US$ in millions
Common equity (market value)1 576,132
Add: Preferred stock; $0.001 par value; no shares issued and outstanding (per books)
Add: Noncontrolling interests in subsidiaries (per books) 826
Total equity 576,958
Add: Current portion of debt and finance leases (per books) 1,589
Add: Current portion of solar bonds and promissory notes issued to related parties (per books)
Add: Debt and finance leases, net of current portion (per books) 5,245
Total equity and debt 583,792
Less: Cash and cash equivalents 17,576
Less: Short-term marketable securities 131
Enterprise value (EV) 566,085

Based on: 10-K (reporting date: 2021-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 182.45 × 3,157,752,449


Historical Enterprise Value (EV)

Tesla Inc., EV calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Share price1, 2 $302.45 $287.81 $53.60 $20.38 $23.47
No. shares of common stock outstanding1 3,100,522,833 2,879,560,512 2,720,123,790 2,590,822,305 2,533,799,115
US$ in millions
Common equity (market value)3 937,753 828,766 145,799 52,801 59,468
Add: Preferred stock; $0.001 par value; no shares issued and outstanding (book value)
Add: Noncontrolling interests in subsidiaries (book value) 826 850 849 834 997
Total equity 938,579 829,616 146,648 53,635 60,466
Add: Current portion of debt and finance leases (book value) 1,589 2,132 1,785 2,568 797
Add: Current portion of solar bonds and promissory notes issued to related parties (book value) 100
Add: Debt and finance leases, net of current portion (book value) 5,245 9,556 11,634 9,404 9,418
Total equity and debt 945,413 841,304 160,067 65,607 70,780
Less: Cash and cash equivalents 17,576 19,384 6,268 3,686 3,368
Less: Short-term marketable securities 131
Enterprise value (EV) 927,706 821,920 153,799 61,921 67,413

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 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Tesla Inc. Annual Report.

3 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 302.45 × 3,100,522,833

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Tesla Inc. EV increased from 2019 to 2020 and from 2020 to 2021.