Tesla, Inc. (TSLA)

Tesla Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Quarter	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019
Period Ending	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Revenue	25,182	25,500	21,301	25,167	23,350	24,927	23,329	24,318	21,454	16,934	18,756	17,719	13,757	11,958	10,389	10,744	8,771	6,036	5,985	7,384
Revenue Growth (YoY)	7.85%	2.30%	-8.69%	3.49%	8.84%	47.20%	24.38%	37.24%	55.95%	41.61%	80.54%	64.92%	56.85%	98.11%	73.58%	45.50%	39.16%	-4.94%	31.80%	2.19%
Cost of Revenue	20,185	20,922	17,605	20,729	19,172	20,394	18,818	18,541	16,072	12,700	13,296	12,872	10,097	9,074	8,174	8,678	6,708	4,769	4,751	5,993
Gross Profit	4,997	4,578	3,696	4,438	4,178	4,533	4,511	5,777	5,382	4,234	5,460	4,847	3,660	2,884	2,215	2,066	2,063	1,267	1,234	1,391
Selling, General & Admin	1,186	1,277	1,374	1,280	1,253	1,191	1,076	1,032	961	961	992	1,494	994	973	1,056	969	931	661	627	699
Research & Development	1,039	1,074	1,151	1,094	1,161	943	771	810	733	667	865	740	611	576	666	522	366	279	324	345
Other Operating Expenses	55	37	-	-	-	-	-	70	-	106	-	-	51	23	-	-	-	-	-	-
Operating Expenses	2,280	2,390	2,525	2,374	2,414	2,134	1,847	1,912	1,694	1,734	1,857	2,234	1,656	1,572	1,722	1,491	1,297	940	951	1,044
Operating Income	2,717	2,188	1,171	2,064	1,764	2,399	2,664	3,865	3,688	2,500	3,603	2,613	2,004	1,312	493	575	766	327	283	347
Interest Expense	-92	-86	-76	-61	-38	-28	-29	-33	-53	-44	-61	-83	-125	-84	-99	-241	-162	-173	-208	-159
Interest & Investment Income	429	348	350	333	282	238	213	157	86	26	28	25	10	11	10	6	6	8	10	10
Currency Exchange Gain (Loss)	-	-	-	122	-	-	-	-89	-	-	-	42	-7	54	-	30	-	-	-19	-54
Other Non Operating Income (Expenses)	-270	20	108	-267	37	328	-48	47	-85	28	56	38	-	-	28	9	-98	-12	4	18
EBT Excluding Unusual Items	2,784	2,470	1,553	2,191	2,045	2,937	2,800	3,947	3,636	2,510	3,626	2,635	1,882	1,293	432	379	512	150	70	162
Merger & Restructuring Charges	-	-583	-	-	-	-	-	36	-	-36	-	-	-	-	101	-	-	-	-	12
Legal Settlements	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43	-	-	-
Pretax Income	2,784	1,887	1,553	2,191	2,045	2,937	2,800	3,983	3,636	2,474	3,626	2,635	1,882	1,293	533	379	555	150	70	174
Income Tax Expense	601	393	409	-5,752	167	323	261	276	305	205	346	292	223	115	69	83	186	21	2	42
Earnings From Continuing Operations	2,183	1,494	1,144	7,943	1,878	2,614	2,539	3,707	3,331	2,269	3,280	2,343	1,659	1,178	464	296	369	129	68	132
Minority Interest in Earnings	-16	-16	-15	-15	-25	89	-26	-20	-39	-10	38	-22	-41	-36	-26	-26	-38	-25	-52	-27
Net Income	2,167	1,478	1,129	7,928	1,853	2,703	2,513	3,687	3,292	2,259	3,318	2,321	1,618	1,142	438	270	331	104	16	105
Preferred Dividends & Other Adjustments	-	-	-42	-2	2	-	-5	-35	-	3	5	-5	-	-	-	-	31	-	-	-
Net Income to Common	2,167	1,478	1,171	7,930	1,851	2,703	2,518	3,722	3,292	2,256	3,313	2,326	1,618	1,142	438	270	300	104	16	105
Net Income Growth	16.95%	-45.32%	-55.07%	115.03%	-43.71%	19.65%	-24.26%	58.85%	103.46%	97.81%	657.53%	759.63%	388.82%	998.08%	2637.50%	157.14%	131.47%	-	-	-25.00%
Shares Outstanding (Basic)	3,198	3,191	3,186	3,181	3,176	3,171	3,166	3,160	3,146	3,111	3,103	3,045	2,993	2,913	2,883	2,853	2,811	2,784	2,745	2,700
Shares Outstanding (Diluted)	3,497	3,481	3,484	3,492	3,493	3,478	3,468	3,471	3,468	3,464	3,472	3,405	3,369	3,357	3,399	3,372	3,315	3,108	2,982	2,805
Shares Change (YoY)	0.11%	0.09%	0.46%	0.61%	0.72%	0.40%	-0.12%	1.94%	2.94%	3.19%	2.15%	0.98%	1.63%	8.01%	13.98%	20.21%	19.85%	17.06%	14.91%	4.45%
EPS (Basic)	0.68	0.46	0.37	2.49	0.58	0.85	0.80	1.18	1.05	0.73	1.07	0.76	0.54	0.39	0.15	0.09	0.11	0.04	0.01	0.04
EPS (Diluted)	0.62	0.42	0.34	2.27	0.53	0.78	0.73	1.07	0.95	0.65	0.95	0.68	0.48	0.34	0.13	0.08	0.09	0.03	0.01	0.04
EPS Growth	16.98%	-46.15%	-53.42%	111.48%	-44.21%	20.00%	-23.16%	56.91%	97.69%	90.74%	628.91%	755.03%	433.95%	923.36%	2136.31%	105.53%	69.36%	-	-	-23.82%
Free Cash Flow	2,742	1,340	-2,535	2,063	849	1,005	440	1,420	3,297	621	2,223	2,771	1,322	609	281	1,855	1,379	398	-921	976
Free Cash Flow Per Share	0.78	0.38	-0.73	0.59	0.24	0.29	0.13	0.41	0.95	0.18	0.64	0.81	0.39	0.18	0.08	0.55	0.42	0.13	-0.31	0.35
Gross Margin	19.84%	17.95%	17.35%	17.63%	17.89%	18.19%	19.34%	23.76%	25.09%	25.00%	29.11%	27.35%	26.60%	24.12%	21.32%	19.23%	23.52%	20.99%	20.62%	18.84%
Operating Margin	10.79%	8.58%	5.50%	8.20%	7.55%	9.62%	11.42%	15.89%	17.19%	14.76%	19.21%	14.75%	14.57%	10.97%	4.75%	5.35%	8.73%	5.42%	4.73%	4.70%
Profit Margin	8.61%	5.80%	5.50%	31.51%	7.93%	10.84%	10.79%	15.31%	15.34%	13.32%	17.66%	13.13%	11.76%	9.55%	4.22%	2.51%	3.42%	1.72%	0.27%	1.42%
Free Cash Flow Margin	10.89%	5.25%	-11.90%	8.20%	3.64%	4.03%	1.89%	5.84%	15.37%	3.67%	11.85%	15.64%	9.61%	5.09%	2.70%	17.27%	15.72%	6.59%	-15.39%	13.22%
EBITDA	4,065	3,466	2,417	3,296	2,999	3,553	3,710	4,854	4,644	3,422	4,483	3,461	2,765	1,993	1,114	1,193	1,350	894	836	924
EBITDA Margin	16.14%	13.59%	11.35%	13.10%	12.84%	14.25%	15.90%	19.96%	21.65%	20.21%	23.90%	19.53%	20.10%	16.67%	10.72%	11.10%	15.39%	14.81%	13.97%	12.51%
D&A For EBITDA	1,348	1,278	1,246	1,232	1,235	1,154	1,046	989	956	922	880	848	761	681	621	618	584	567	553	577
EBIT	2,717	2,188	1,171	2,064	1,764	2,399	2,664	3,865	3,688	2,500	3,603	2,613	2,004	1,312	493	575	766	327	283	347
EBIT Margin	10.79%	8.58%	5.50%	8.20%	7.55%	9.62%	11.42%	15.89%	17.19%	14.76%	19.21%	14.75%	14.57%	10.97%	4.75%	5.35%	8.73%	5.42%	4.73%	4.70%
Effective Tax Rate	21.59%	20.83%	26.34%	-	8.17%	11.00%	9.32%	6.93%	8.39%	8.29%	9.54%	11.08%	11.85%	8.89%	12.95%	21.90%	33.51%	14.00%	2.86%	24.14%
Revenue as Reported	25,182	25,500	21,301	25,167	23,350	24,927	23,329	24,318	21,454	16,934	18,756	17,719	13,757	11,958	10,389	10,744	8,771	6,036	5,985	7,384

Source: S&P Capital IQ. Standard template. Financial Sources.