Answer To: SKM_658e XXXXXXXXXX Overview In Project Two, you will analyze and evaluate a business’s financial...
Tanmoy answered on May 13 2021
Tesla
Business Selection:
Tesla Inc. is an American multinational electric vehicle company which is located in Palo Alto, California. The company manufactures various products which include electric cars, solar panels, battery energy storage and other related services to the customers globally. Tesla is the world best selling battery electric and plug-in passenger car which market share of 16% in plug-in segment and 23% of battery electric car as on 2020. The revenue of the company as on 2020 is $31.536 billion while the net income was $721 million.
Financial Statements:
Powered by Clear bit
Tesla Inc (NMS: TSLA)
Exchange rate used is that of the Year End reported date
As Reported Quarterly Income Statement
Report Date
03/31/2021
1st Quarter
Currency
USD
Audit Status
Unaudited
Consolidated
Yes
Scale
Thousands
Revenue - automotive sales
87,05,000.00
Revenue - automotive leasing
2,97,000.00
Total automotive revenues
90,02,000.00
Energy generation & storage
4,94,000.00
Services & other revenues
8,93,000.00
Total revenues
1,03,89,000.00
Cost of revenues - automotive sales
64,57,000.00
Cost of revenues - automotive leasing
1,60,000.00
Total automotive cost of revenues
66,17,000.00
Cost of energy generation & storage
5,95,000.00
Cost of services & other cost of revenues
9,62,000.00
Total cost of revenues
81,74,000.00
Gross profit (loss)
22,15,000.00
Research & development expenses
6,66,000.00
Selling, general & administrative expenses
10,56,000.00
Restructuring & other expenses
(1,01,000.00)
Total operating expenses
16,21,000.00
Income (loss) from operations
5,94,000.00
Interest income
10,000.00
Interest expense
99,000.00
Other income (expense), net
28,000.00
Income (loss) before income taxes
5,33,000.00
Provision (benefit) for income taxes
69,000.00
Net income (loss)
4,64,000.00
Net income (loss) attributable to noncontrolling interests & redeemable noncontrolling interests in subsidiaries
(26,000.00)
Net income (loss) attributable to common stockholders
4,38,000.00
Weighted average shares outstanding - basic
9,61,000.00
Weighted average shares outstanding - diluted
11,33,000.00
Year end shares outstanding
9,63,000.00
Net income (loss) per share - basic
0.46
Net income (loss) per share - diluted
0.39
Powered by Clear bit
Tesla Inc (NMS: TSLA)
Exchange rate used is that of the Year End reported date
As Reported Quarterly Balance Sheet
Report Date
03/31/2021
1st Quarter
Currency
USD
Audit Status
Unaudited
Consolidated
Yes
Scale
Thousands
Cash & cash equivalents
1,71,41,000.00
Restricted cash
-
Accounts receivable, net
18,90,000.00
Raw materials
18,36,000.00
Work in process
4,54,000.00
Finished goods
13,41,000.00
Service parts
5,01,000.00
Inventory
41,32,000.00
Prepaid expenses & other current assets
15,42,000.00
Total current assets
2,47,05,000.00
Operating lease vehicles, net
33,96,000.00
Solar energy systems in service
-
Initial direct costs related to customer solar energy system lease acquisition costs
-
Solar energy systems, gross
-
Less: accumulated depreciation & amortization
-
Solar energy systems in service after depreciation & amortization
-
Solar energy systems under construction
-
Solar energy systems pending interconnection
-
Solar energy systems, net
59,33,000.00
Machinery, equipment, vehicles & office furniture
87,11,000.00
Tooling
19,16,000.00
Leasehold improvements
14,94,000.00
Building & building improvements
-
Land & buildings
36,81,000.00
Computer equipment, hardware & software
10,20,000.00
Construction in progress
24,35,000.00
Property, plant & equipment, gross
1,92,57,000.00
Less: accumulated depreciation & amortization
53,89,000.00
Property, plant...