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Tesla Inc

For the period ended Dec 31, 2023. Filed Jan 29, 2024.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Jan 29, 2024

TSLA$378.05+5.5%Stored close · as of Nov 9, 2026

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Item 8.

Note 18 –Segment Reporting and Information about Geographic Areas

We havetwo operating and reportable segments: (i) automotive and (ii) energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of electric vehicles as well as sales of automotive regulatory credits. Additionally, the automotive segment is also comprised of services and other, which includes sales of used vehicles, non-warranty after-sales vehicle services, body shop and parts, paid Supercharging, vehicle insurance revenue and retail merchandise. The energy generation and storage segment includes the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Our CODM does not evaluate operating segments using asset or liability information. The following table presents revenues and gross profit by reportable segment (in millions):

Year Ended December 31,
202320222021
Automotive segment
Revenues$90,738$77,553$51,034
Gross profit$16,519$20,565$13,735
Energy generation and storage segment
Revenues$6,035$3,909$2,789
Gross profit$1,141$288$(129)

The following table presents revenues by geographic area based on the sales location of our products (in millions):

Year Ended December 31,
202320222021
United States$45,235$40,553$23,973
China21,74518,14513,844
Other international29,79322,76416,006
Total$96,773$81,462$53,823

The following table presents long-lived assets by geographic area (in millions):

December 31,2023December 31,2022
United States$26,629$21,667
Germany4,2583,547
China2,8202,978
Other international1,247845
Total$34,954$29,037

The following table presents inventory by reportable segment (in millions):

December 31,2023December 31,2022
Automotive$11,139$10,996
Energy generation and storage2,4871,843
Total$13,626$12,839

Note 19 –Restructuring and Other

During the years ended December 31, 2022 and 2021, werecorded $204 million and $101 million, respectively, of impairment losses on digital assets. During the years ended December 31, 2022 and 2021 we also realized gains of $64 million and $128 million, respectively, in connection with converting our holdings of digital assets into fiat currency. We also recorded other expenses of $36 million during the second quarter of the year ended December 31, 2022, related to employee terminations.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.