Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Tesla Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Automotive sales	72,480)	78,509)	67,210)	44,125)	24,604)
Automotive regulatory credits	2,763)	1,790)	1,776)	1,465)	1,580)
Automotive leasing	1,827)	2,120)	2,476)	1,642)	1,052)
Automotive revenues	77,070)	82,419)	71,462)	47,232)	27,236)
Energy generation and storage	10,086)	6,035)	3,909)	2,789)	1,994)
Services and other	10,534)	8,319)	6,091)	3,802)	2,306)
Revenues	97,690)	96,773)	81,462)	53,823)	31,536)
Automotive sales	(61,870)	(65,121)	(49,599)	(32,415)	(19,696)
Automotive leasing	(1,003)	(1,268)	(1,509)	(978)	(563)
Automotive cost of revenues	(62,873)	(66,389)	(51,108)	(33,393)	(20,259)
Energy generation and storage	(7,446)	(4,894)	(3,621)	(2,918)	(1,976)
Services and other	(9,921)	(7,830)	(5,880)	(3,906)	(2,671)
Cost of revenues	(80,240)	(79,113)	(60,609)	(40,217)	(24,906)
Gross profit	17,450)	17,660)	20,853)	13,606)	6,630)
Research and development	(4,540)	(3,969)	(3,075)	(2,593)	(1,491)
Selling, general and administrative	(5,150)	(4,800)	(3,946)	(4,517)	(3,145)
Restructuring and other	(684)	—)	(176)	27)	—)
Operating expenses	(10,374)	(8,769)	(7,197)	(7,083)	(4,636)
Income from operations	7,076)	8,891)	13,656)	6,523)	1,994)
Interest income	1,569)	1,066)	297)	56)	30)
Interest expense	(350)	(156)	(191)	(371)	(748)
Other income (expense), net	695)	172)	(43)	135)	(122)
Income before income taxes	8,990)	9,973)	13,719)	6,343)	1,154)
(Provision for) benefit from income taxes	(1,837)	5,001)	(1,132)	(699)	(292)
Net income	7,153)	14,974)	12,587)	5,644)	862)
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries	(62)	23)	(31)	(125)	(141)
Net income attributable to common stockholders	7,091)	14,997)	12,556)	5,519)	721)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Tesla Inc. revenues increased from 2022 to 2023 and from 2023 to 2024.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	Tesla Inc. income from operations decreased from 2022 to 2023 and from 2023 to 2024.
Income 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 before income taxes decreased from 2022 to 2023 and from 2023 to 2024.
Net income 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 attributable to common stockholders increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

Tesla Inc. (NASDAQ:TSLA)

Income Statement