Tesla Inc., balance sheet: property, plant and equipment

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Machinery, equipment, vehicles and office furniture	18,339)	16,309)	13,558)	9,953)	8,493)
Land and buildings	10,677)	9,498)	7,751)	4,675)	3,662)
AI infrastructure	5,152)	1,510)	—)	—)	—)
Tooling	3,883)	3,129)	2,579)	2,188)	1,811)
Leasehold improvements	3,688)	3,136)	2,366)	1,826)	1,421)
Computer equipment, hardware and software	2,902)	2,409)	2,072)	1,414)	856)
Construction in progress	6,783)	5,791)	4,263)	5,559)	1,621)
Property, plant and equipment, gross	51,424)	41,782)	32,589)	25,615)	17,864)
Accumulated depreciation	(15,588)	(12,057)	(9,041)	(6,731)	(5,117)
Property, plant and equipment, net	35,836)	29,725)	23,548)	18,884)	12,747)

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Item	Description	The company
Property, plant and equipment, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Tesla Inc. property, plant and equipment, gross increased from 2022 to 2023 and from 2023 to 2024.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Tesla Inc. property, plant and equipment, net increased from 2022 to 2023 and from 2023 to 2024.

Tesla Inc., asset age ratios

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Average age ratio	30.31%	28.86%	27.74%	26.28%	28.64%
Estimated total useful life (years)	12	13	13	13	11
Estimated age, time elapsed since purchase (years)	4	4	4	4	3
Estimated remaining life (years)	9	9	10	10	8

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Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Tesla Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2022 to 2023 and from 2023 to 2024.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Tesla Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2022 to 2023 and from 2023 to 2024.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Tesla Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Estimated remaining life		Tesla Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2022 to 2023 and from 2023 to 2024.

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data (US$ in millions)
Accumulated depreciation	15,588)	12,057)	9,041)	6,731)	5,117)
Property, plant and equipment, gross	51,424)	41,782)	32,589)	25,615)	17,864)
Asset Age Ratio
Average age¹	30.31%	28.86%	27.74%	26.28%	28.64%

2024 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ Property, plant and equipment, gross
= 100 × 15,588 ÷ 51,424 = 30.31%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Tesla Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2022 to 2023 and from 2023 to 2024.

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data (US$ in millions)
Property, plant and equipment, gross	51,424)	41,782)	32,589)	25,615)	17,864)
Depreciation expense	4,120)	3,330)	2,420)	1,910)	1,570)
Asset Age Ratio (Years)
Estimated total useful life¹	12	13	13	13	11

2024 Calculations

¹ Estimated total useful life = Property, plant and equipment, gross ÷ Depreciation expense
= 51,424 ÷ 4,120 = 12

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Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Tesla Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2022 to 2023 and from 2023 to 2024.

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data (US$ in millions)
Accumulated depreciation	15,588)	12,057)	9,041)	6,731)	5,117)
Depreciation expense	4,120)	3,330)	2,420)	1,910)	1,570)
Asset Age Ratio (Years)
Time elapsed since purchase¹	4	4	4	4	3

2024 Calculations

¹ Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense
= 15,588 ÷ 4,120 = 4

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Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Tesla Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Selected Financial Data (US$ in millions)
Property, plant and equipment, net	35,836)	29,725)	23,548)	18,884)	12,747)
Depreciation expense	4,120)	3,330)	2,420)	1,910)	1,570)
Asset Age Ratio (Years)
Estimated remaining life¹	9	9	10	10	8

2024 Calculations

¹ Estimated remaining life = Property, plant and equipment, net ÷ Depreciation expense
= 35,836 ÷ 4,120 = 9

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Asset age ratio	Description	The company
Estimated remaining life		Tesla Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2022 to 2023 and from 2023 to 2024.

Tesla Inc. (NASDAQ:TSLA)

Analysis of Property, Plant and Equipment