Tesla Inc
For the period ended Mar 31, 2024. Filed Apr 24, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 24, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 4. Controls and Procedures
Note 3 –Inventory
Our inventory consisted of the following (in millions):
| March 31,2024 | December 31,2023 | |
|---|---|---|
| Raw materials | $5,584 | $5,390 |
| Work in process | 2,507 | 2,016 |
| Finished goods (1) | 6,747 | 5,049 |
| Service parts | 1,195 | 1,171 |
| Total | $16,033 | $13,626 |
(1)Finished goods inventory includes products-in-transit to fulfill customer orders, new vehicles available for sale, used vehicles and energy products available for sale.
We write-down inventory for any excess or obsolete inventory or when we believe that the net realizable value of inventory is less than the carrying value. During the three months ended March 31, 2024 and 2023, we recorded write-downs of $39 million in Cost of revenues in the consolidated statements of operations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.