Common-Size Income Statement
Quarterly Data

Tesla Inc., common-size consolidated income statement (quarterly data)

3 months ended:	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Automotive sales	74.78%	72.67%	77.27%	81.97%	79.58%	81.92%	80.92%	83.23%	82.90%	80.73%	82.71%	84.80%	82.82%	79.61%	78.80%	84.08%	83.75%	81.36%	81.75%	83.20%	81.42%	81.39%	77.26%
Automotive regulatory credits	2.93%	3.49%	2.08%	1.72%	2.37%	1.13%	2.23%	1.92%	1.33%	2.03%	3.62%	1.77%	2.03%	2.96%	4.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Automotive leasing	1.77%	1.80%	2.23%	1.99%	2.09%	2.27%	2.42%	2.46%	2.89%	3.47%	3.56%	3.54%	2.80%	2.78%	2.86%	2.61%	3.02%	4.44%	3.99%	3.04%	3.51%	3.28%	4.74%
Automotive revenues	79.49%	77.95%	81.58%	85.68%	84.05%	85.32%	85.57%	87.62%	87.13%	86.23%	89.90%	90.11%	87.64%	85.35%	86.65%	86.69%	86.77%	85.80%	85.75%	86.24%	84.93%	84.67%	82.00%
Energy generation and storage	9.44%	11.82%	7.68%	5.71%	6.68%	6.05%	6.55%	5.39%	5.21%	5.11%	3.28%	3.88%	5.86%	6.70%	4.76%	7.00%	6.60%	6.13%	4.90%	5.91%	6.38%	5.80%	7.15%
Services and other	11.08%	10.23%	10.74%	8.61%	9.28%	8.63%	7.87%	6.99%	7.67%	8.66%	6.82%	6.00%	6.50%	7.95%	8.60%	6.31%	6.62%	8.07%	9.36%	7.85%	8.69%	9.53%	10.85%
Revenues	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Automotive sales	-62.52%	-62.60%	-65.24%	-68.35%	-67.05%	-67.56%	-66.11%	-63.46%	-61.06%	-59.96%	-58.19%	-60.33%	-59.24%	-59.53%	-62.15%	-64.43%	-61.12%	-61.53%	-61.80%	-65.21%	-63.68%	-66.99%	-62.89%
Automotive leasing	-0.98%	-0.96%	-1.26%	-1.18%	-1.29%	-1.36%	-1.43%	-1.45%	-1.78%	-2.17%	-2.18%	-2.23%	-1.70%	-1.57%	-1.54%	-1.38%	-1.65%	-2.45%	-2.04%	-1.61%	-1.86%	-1.67%	-2.58%
Automotive cost of revenues	-63.50%	-63.56%	-66.50%	-69.53%	-68.34%	-68.92%	-67.53%	-64.91%	-62.83%	-62.13%	-60.36%	-62.56%	-60.94%	-61.11%	-63.69%	-65.80%	-62.78%	-63.98%	-63.84%	-66.82%	-65.54%	-68.67%	-65.47%
Energy generation and storage	-6.56%	-8.92%	-5.78%	-4.47%	-5.04%	-4.94%	-5.83%	-4.73%	-4.72%	-4.54%	-3.67%	-4.17%	-5.84%	-6.53%	-5.73%	-7.33%	-6.36%	-5.78%	-4.71%	-5.21%	-4.98%	-5.13%	-6.98%
Services and other	-10.10%	-9.57%	-10.36%	-8.37%	-8.72%	-7.96%	-7.30%	-6.60%	-7.36%	-8.33%	-6.86%	-5.91%	-6.61%	-8.25%	-9.26%	-7.64%	-7.34%	-9.24%	-10.83%	-9.13%	-10.58%	-11.70%	-15.09%
Cost of revenues	-80.16%	-82.05%	-82.65%	-82.37%	-82.11%	-81.81%	-80.66%	-76.24%	-74.91%	-75.00%	-70.89%	-72.65%	-73.40%	-75.88%	-78.68%	-80.77%	-76.48%	-79.01%	-79.38%	-81.16%	-81.10%	-85.49%	-87.54%
Gross profit	19.84%	17.95%	17.35%	17.63%	17.89%	18.19%	19.34%	23.76%	25.09%	25.00%	29.11%	27.35%	26.60%	24.12%	21.32%	19.23%	23.52%	20.99%	20.62%	18.84%	18.90%	14.51%	12.46%
Research and development	-4.13%	-4.21%	-5.40%	-4.35%	-4.97%	-3.78%	-3.30%	-3.33%	-3.42%	-3.94%	-4.61%	-4.18%	-4.44%	-4.82%	-6.41%	-4.86%	-4.17%	-4.62%	-5.41%	-4.67%	-5.30%	-5.10%	-7.49%
Selling, general and administrative	-4.71%	-5.01%	-6.45%	-5.09%	-5.37%	-4.78%	-4.61%	-4.24%	-4.48%	-5.67%	-5.29%	-8.43%	-7.23%	-8.14%	-10.16%	-9.02%	-10.12%	-10.95%	-10.48%	-9.46%	-9.46%	-10.19%	-15.50%
Restructuring and other	-0.22%	-2.44%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.14%	0.00%	-0.84%	0.00%	0.00%	-0.37%	-0.19%	0.97%	0.00%	0.00%	0.00%	0.00%	0.16%	0.00%	-1.85%	-0.96%
Operating expenses	-9.05%	-11.66%	-11.85%	-9.43%	-10.34%	-8.56%	-7.92%	-7.71%	-7.90%	-10.45%	-9.90%	-12.61%	-12.04%	-13.15%	-15.60%	-13.88%	-14.30%	-15.57%	-15.89%	-13.98%	-14.75%	-17.14%	-23.95%
Income (loss) from operations	10.79%	6.29%	5.50%	8.20%	7.55%	9.62%	11.42%	16.04%	17.19%	14.55%	19.21%	14.75%	14.57%	10.97%	5.72%	5.35%	9.22%	5.42%	4.73%	4.87%	4.14%	-2.64%	-11.49%
Interest income	1.70%	1.36%	1.64%	1.32%	1.21%	0.95%	0.91%	0.65%	0.40%	0.15%	0.15%	0.14%	0.07%	0.09%	0.10%	0.06%	0.07%	0.13%	0.17%	0.13%	0.24%	0.16%	0.19%
Interest expense	-0.37%	-0.34%	-0.36%	-0.24%	-0.16%	-0.11%	-0.12%	-0.14%	-0.25%	-0.26%	-0.33%	-0.40%	-0.92%	-0.63%	-0.95%	-2.29%	-1.86%	-2.82%	-2.82%	-2.31%	-2.94%	-2.71%	-3.47%
Other income (expense), net	-1.07%	0.08%	0.51%	-0.58%	0.16%	1.32%	-0.21%	-0.17%	-0.40%	0.17%	0.30%	0.38%	-0.04%	0.38%	0.27%	0.41%	-1.11%	-0.25%	-0.90%	-0.34%	1.35%	-0.64%	0.57%
Income (loss) before income taxes	11.06%	7.40%	7.29%	8.71%	8.76%	11.78%	12.00%	16.38%	16.95%	14.61%	19.33%	14.87%	13.68%	10.81%	5.13%	3.53%	6.33%	2.49%	1.17%	2.35%	2.79%	-5.82%	-14.20%
(Provision for) benefit from income taxes	-2.39%	-1.54%	-1.92%	22.86%	-0.72%	-1.30%	-1.12%	-1.13%	-1.42%	-1.21%	-1.84%	-1.65%	-1.62%	-0.96%	-0.66%	-0.77%	-2.12%	-0.35%	-0.03%	-0.56%	-0.41%	-0.31%	-0.50%
Net income (loss)	8.67%	5.86%	5.37%	31.56%	8.04%	10.49%	10.88%	15.24%	15.53%	13.40%	17.49%	13.22%	12.06%	9.85%	4.47%	2.76%	4.21%	2.14%	1.14%	1.79%	2.38%	-6.13%	-14.70%
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries	-0.06%	-0.06%	-0.07%	-0.06%	-0.11%	0.36%	-0.11%	-0.08%	-0.18%	-0.06%	0.20%	-0.12%	-0.30%	-0.30%	-0.25%	-0.24%	-0.43%	-0.41%	-0.87%	-0.36%	-0.11%	-0.30%	-0.76%
Net income (loss) attributable to common stockholders	8.61%	5.80%	5.30%	31.50%	7.94%	10.84%	10.77%	15.16%	15.34%	13.34%	17.69%	13.10%	11.76%	9.55%	4.22%	2.51%	3.77%	1.72%	0.27%	1.43%	2.27%	-6.43%	-15.46%

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Income statement item	Description	The company
Income (loss) from operations	The net result for the period of deducting operating expenses from operating revenues.	Tesla Inc. income (loss) from operations as a percentage of revenues increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Tesla Inc. income (loss) before income taxes as a percentage of revenues increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net income (loss) attributable to common stockholders	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Tesla Inc. net income (loss) attributable to common stockholders as a percentage of revenues increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Tesla Inc. (NASDAQ:TSLA)

Common-Size Income StatementQuarterly Data

Common-Size Income Statement
Quarterly Data