Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

Income Statement
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
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 18,831 18,530 16,460 20,630 18,582 20,419 18,878 20,241 17,785 13,670 15,514 15,025 11,393 9,520 8,187 9,034 7,346 4,911 4,893 6,143 5,132 5,168 3,509
Automotive regulatory credits 739 890 442 433 554 282 521 467 286 344 679 314 279 354 518
Automotive leasing 446 458 476 500 489 567 564 599 621 588 668 628 385 332 297 280 265 268 239 225 221 208 215
Automotive revenues 20,016 19,878 17,378 21,563 19,625 21,268 19,963 21,307 18,692 14,602 16,861 15,967 12,057 10,206 9,002 9,314 7,611 5,179 5,132 6,368 5,353 5,376 3,724
Energy generation and storage 2,376 3,014 1,635 1,438 1,559 1,509 1,529 1,310 1,117 866 616 688 806 801 494 752 579 370 293 436 402 368 325
Services and other 2,790 2,608 2,288 2,166 2,166 2,150 1,837 1,701 1,645 1,466 1,279 1,064 894 951 893 678 581 487 560 580 548 605 493
Revenues 25,182 25,500 21,301 25,167 23,350 24,927 23,329 24,318 21,454 16,934 18,756 17,719 13,757 11,958 10,389 10,744 8,771 6,036 5,985 7,384 6,303 6,350 4,541
Automotive sales (15,743) (15,962) (13,897) (17,202) (15,656) (16,841) (15,422) (15,433) (13,099) (10,153) (10,914) (10,689) (8,150) (7,119) (6,457) (6,922) (5,361) (3,714) (3,699) (4,815) (4,014) (4,254) (2,856)
Automotive leasing (247) (245) (269) (296) (301) (338) (333) (352) (381) (368) (408) (396) (234) (188) (160) (148) (145) (148) (122) (119) (117) (106) (117)
Automotive cost of revenues (15,990) (16,207) (14,166) (17,498) (15,957) (17,179) (15,755) (15,785) (13,480) (10,521) (11,322) (11,085) (8,384) (7,307) (6,617) (7,070) (5,506) (3,862) (3,821) (4,934) (4,131) (4,360) (2,973)
Energy generation and storage (1,651) (2,274) (1,232) (1,124) (1,178) (1,231) (1,361) (1,151) (1,013) (769) (688) (739) (803) (781) (595) (787) (558) (349) (282) (385) (314) (326) (317)
Services and other (2,544) (2,441) (2,207) (2,107) (2,037) (1,984) (1,702) (1,605) (1,579) (1,410) (1,286) (1,048) (910) (986) (962) (821) (644) (558) (648) (674) (667) (743) (686)
Cost of revenues (20,185) (20,922) (17,605) (20,729) (19,172) (20,394) (18,818) (18,541) (16,072) (12,700) (13,296) (12,872) (10,097) (9,074) (8,174) (8,678) (6,708) (4,769) (4,751) (5,993) (5,112) (5,429) (3,976)
Gross profit 4,997 4,578 3,696 4,438 4,178 4,533 4,511 5,777 5,382 4,234 5,460 4,847 3,660 2,884 2,215 2,066 2,063 1,267 1,234 1,391 1,191 921 566
Research and development (1,039) (1,074) (1,151) (1,094) (1,161) (943) (771) (810) (733) (667) (865) (740) (611) (576) (666) (522) (366) (279) (324) (345) (334) (324) (340)
Selling, general and administrative (1,186) (1,277) (1,374) (1,280) (1,253) (1,191) (1,076) (1,032) (961) (961) (992) (1,494) (994) (973) (1,056) (969) (888) (661) (627) (699) (596) (647) (704)
Restructuring and other (55) (622) (34) (142) (51) (23) 101 12 (117) (43)
Operating expenses (2,280) (2,973) (2,525) (2,374) (2,414) (2,134) (1,847) (1,876) (1,694) (1,770) (1,857) (2,234) (1,656) (1,572) (1,621) (1,491) (1,254) (940) (951) (1,032) (930) (1,089) (1,088)
Income (loss) from operations 2,717 1,605 1,171 2,064 1,764 2,399 2,664 3,901 3,688 2,464 3,603 2,613 2,004 1,312 594 575 809 327 283 359 261 (167) (522)
Interest income 429 348 350 333 282 238 213 157 86 26 28 25 10 11 10 6 6 8 10 10 15 10 9
Interest expense (92) (86) (76) (61) (38) (28) (29) (33) (53) (44) (61) (71) (126) (75) (99) (246) (163) (170) (169) (171) (185) (172) (157)
Other income (expense), net (270) 20 108 (145) 37 328 (48) (42) (85) 28 56 68 (6) 45 28 44 (97) (15) (54) (25) 85 (41) 26
Income (loss) before income taxes 2,784 1,887 1,553 2,191 2,045 2,937 2,800 3,983 3,636 2,474 3,626 2,635 1,882 1,293 533 379 555 150 70 174 176 (370) (645)
(Provision for) benefit from income taxes (601) (393) (409) 5,752 (167) (323) (261) (276) (305) (205) (346) (292) (223) (115) (69) (83) (186) (21) (2) (42) (26) (19) (23)
Net income (loss) 2,183 1,494 1,144 7,943 1,878 2,614 2,539 3,707 3,331 2,269 3,280 2,343 1,659 1,178 464 296 369 129 68 132 150 (389) (668)
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries (16) (16) (15) (15) (25) 89 (26) (20) (39) (10) 38 (22) (41) (36) (26) (26) (38) (25) (52) (26) (7) (19) (34)
Net income (loss) attributable to common stockholders 2,167 1,478 1,129 7,928 1,853 2,703 2,513 3,687 3,292 2,259 3,318 2,321 1,618 1,142 438 270 331 104 16 105 143 (408) (702)

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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 Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024.
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Tesla Inc. income (loss) from operations 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 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 increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.