Tesla Inc
For the period ended Sep 30, 2024. Filed Oct 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.
Sep 30, 2024 · Filed Oct 24, 2024
TSLA$358.22+4.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in millions, except per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Automotive sales | $18,831 | $18,582 | $53,821 | $57,879 |
| Automotive regulatory credits | 739 | 554 | 2,071 | 1,357 |
| Automotive leasing | 446 | 489 | 1,380 | 1,620 |
| Total automotive revenues | 20,016 | 19,625 | 57,272 | 60,856 |
| Energy generation and storage | 2,376 | 1,559 | 7,025 | 4,597 |
| Services and other | 2,790 | 2,166 | 7,686 | 6,153 |
| Total revenues | 25,182 | 23,350 | 71,983 | 71,606 |
| Cost of revenues | ||||
| Automotive sales | 15,743 | 15,656 | 45,602 | 47,919 |
| Automotive leasing | 247 | 301 | 761 | 972 |
| Total automotive cost of revenues | 15,990 | 15,957 | 46,363 | 48,891 |
| Energy generation and storage | 1,651 | 1,178 | 5,157 | 3,770 |
| Services and other | 2,544 | 2,037 | 7,192 | 5,723 |
| Total cost of revenues | 20,185 | 19,172 | 58,712 | 58,384 |
| Gross profit | 4,997 | 4,178 | 13,271 | 13,222 |
| Operating expenses | ||||
| Research and development | 1,039 | 1,161 | 3,264 | 2,875 |
| Selling, general and administrative | 1,186 | 1,253 | 3,837 | 3,520 |
| Restructuring and other | 55 | — | 677 | — |
| Total operating expenses | 2,280 | 2,414 | 7,778 | 6,395 |
| Income from operations | 2,717 | 1,764 | 5,493 | 6,827 |
| Interest income | 429 | 282 | 1,127 | 733 |
| Interest expense | (92) | (38) | (254) | (95) |
| Other (expense) income, net | (270) | 37 | (142) | 317 |
| Income before income taxes | 2,784 | 2,045 | 6,224 | 7,782 |
| Provision for income taxes | 601 | 167 | 1,403 | 751 |
| Net income | 2,183 | 1,878 | 4,821 | 7,031 |
| Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries | 16 | 25 | 47 | (38) |
| Net income attributable to common stockholders | $2,167 | $1,853 | $4,774 | $7,069 |
| Net income per share of common stock attributable to common stockholders | ||||
| Basic | $0.68 | $0.58 | $1.51 | $2.23 |
| Diluted | $0.62 | $0.53 | $1.38 | $2.03 |
| Weighted average shares used in computing net income per share of common stock | ||||
| Basic | 3,198 | 3,176 | 3,192 | 3,171 |
| Diluted | 3,497 | 3,493 | 3,489 | 3,481 |
Consolidated Statements of Comprehensive Income
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income | $2,183 | $1,878 | $4,821 | $7,031 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustment | 445 | (289) | 121 | (343) |
| Unrealized net gain on investments, net of tax | 8 | 7 | 8 | 8 |
| Net loss realized and included in net income | — | — | — | 4 |
| Comprehensive income | 2,636 | 1,596 | 4,950 | 6,700 |
| Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries | 16 | 25 | 47 | (38) |
| Comprehensive income attributable to common stockholders | $2,620 | $1,571 | $4,903 | $6,738 |
Consolidated Statements of Redeemable Noncontrolling Interests and Equity
| Three Months Ended September 30, 2024 · RedeemableNoncontrollingInterests · Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensiveLoss · RetainedEarnings · TotalStockholders’Equity · NoncontrollingInterests inSubsidiaries · TotalEquity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||||
| Balance as of June 30, 2024 | $72 | 3,194 | $3 | $36,443 | $(467) | $30,489 | $66,468 | $723 | $67,191 |
| Settlement of warrants | — | 9 | — | — | — | — | — | — | — |
| Issuance of common stock for equity incentive awards | — | 4 | — | 340 | — | — | 340 | — | 340 |
| Stock-based compensation | — | — | — | 503 | — | — | 503 | — | 503 |
| Distributions to noncontrolling interests | (3) | — | — | — | — | — | — | (29) | (29) |
| Net income | 1 | — | — | — | — | 2,167 | 2,167 | 15 | 2,182 |
| Other comprehensive income | — | — | — | — | 453 | — | 453 | — | 453 |
| Balance as of September 30, 2024 | $70 | 3,207 | $3 | $37,286 | $(14) | $32,656 | $69,931 | $709 | $70,640 |
| Nine Months Ended September 30, 2024 · RedeemableNoncontrollingInterests · Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensiveLoss · RetainedEarnings · TotalStockholders’Equity · NoncontrollingInterests inSubsidiaries · TotalEquity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||||
| Balance as of December 31, 2023 | $242 | 3,185 | $3 | $34,892 | $(143) | $27,882 | $62,634 | $733 | $63,367 |
| Settlement of warrants | — | 9 | — | — | — | — | — | — | — |
| Issuance of common stock for equity incentive awards | — | 13 | — | 787 | — | — | 787 | — | 787 |
| Stock-based compensation | — | — | — | 1,565 | — | — | 1,565 | — | 1,565 |
| Distributions to noncontrolling interests | (11) | — | — | — | — | — | — | (66) | (66) |
| Buy-outs of noncontrolling interests | (166) | — | — | 42 | — | — | 42 | — | 42 |
| Net income | 5 | — | — | — | — | 4,774 | 4,774 | 42 | 4,816 |
| Other comprehensive income | — | — | — | — | 129 | — | 129 | — | 129 |
| Balance as of September 30, 2024 | $70 | 3,207 | $3 | $37,286 | $(14) | $32,656 | $69,931 | $709 | $70,640 |
| Three Months Ended September 30, 2023 · RedeemableNoncontrollingInterests · Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensiveLoss · RetainedEarnings · TotalStockholders’Equity · NoncontrollingInterests inSubsidiaries · TotalEquity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||||
| Balance as of June 30, 2023 | $288 | 3,174 | $3 | $33,436 | $(410) | $18,101 | $51,130 | $764 | $51,894 |
| Issuance of common stock for equity incentive awards | — | 5 | — | 254 | — | — | 254 | — | 254 |
| Stock-based compensation | — | — | — | 513 | — | — | 513 | — | 513 |
| Distributions to noncontrolling interests | (10) | — | — | — | — | — | — | (33) | (33) |
| Buy-outs of noncontrolling interests | (5) | — | — | (2) | — | — | (2) | — | (2) |
| Net income | 4 | — | — | — | — | 1,853 | 1,853 | 21 | 1,874 |
| Other comprehensive loss | — | — | — | — | (282) | — | (282) | — | (282) |
| Balance as of September 30, 2023 | $277 | 3,179 | $3 | $34,201 | $(692) | $19,954 | $53,466 | $752 | $54,218 |
| Nine Months Ended September 30, 2023 · RedeemableNoncontrollingInterests · Common Stock · AdditionalPaid-InCapital · AccumulatedOtherComprehensiveLoss · RetainedEarnings · TotalStockholders’Equity · NoncontrollingInterests inSubsidiaries · TotalEquity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||||
| Balance as of December 31, 2022 | $409 | 3,164 | $3 | $32,177 | $(361) | $12,885 | $44,704 | $785 | $45,489 |
| Issuance of common stock for equity incentive awards | — | 15 | — | 548 | — | — | 548 | — | 548 |
| Stock-based compensation | — | — | — | 1,473 | — | — | 1,473 | — | 1,473 |
| Distributions to noncontrolling interests | (24) | — | — | — | — | — | — | (83) | (83) |
| Buy-outs of noncontrolling interests | (8) | — | — | 3 | — | — | 3 | (12) | (9) |
| Net (loss) income | (100) | — | — | — | — | 7,069 | 7,069 | 62 | 7,131 |
| Other comprehensive loss | — | — | — | — | (331) | — | (331) | — | (331) |
| Balance as of September 30, 2023 | $277 | 3,179 | $3 | $34,201 | $(692) | $19,954 | $53,466 | $752 | $54,218 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.