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, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Automotive sales	78,509)	67,210)	44,125)	24,604)	19,358)
Automotive regulatory credits	1,790)	1,776)	1,465)	1,580)	594)
Automotive leasing	2,120)	2,476)	1,642)	1,052)	869)
Automotive revenues	82,419)	71,462)	47,232)	27,236)	20,821)
Energy generation and storage	6,035)	3,909)	2,789)	1,994)	1,531)
Services and other	8,319)	6,091)	3,802)	2,306)	2,226)
Revenues	96,773)	81,462)	53,823)	31,536)	24,578)
Automotive sales	(65,121)	(49,599)	(32,415)	(19,696)	(15,939)
Automotive leasing	(1,268)	(1,509)	(978)	(563)	(459)
Automotive cost of revenues	(66,389)	(51,108)	(33,393)	(20,259)	(16,398)
Energy generation and storage	(4,894)	(3,621)	(2,918)	(1,976)	(1,341)
Services and other	(7,830)	(5,880)	(3,906)	(2,671)	(2,770)
Cost of revenues	(79,113)	(60,609)	(40,217)	(24,906)	(20,509)
Gross profit	17,660)	20,853)	13,606)	6,630)	4,069)
Research and development	(3,969)	(3,075)	(2,593)	(1,491)	(1,343)
Selling, general and administrative	(4,800)	(3,946)	(4,517)	(3,145)	(2,646)
Restructuring and other	—)	(176)	27)	—)	(149)
Operating expenses	(8,769)	(7,197)	(7,083)	(4,636)	(4,138)
Income (loss) from operations	8,891)	13,656)	6,523)	1,994)	(69)
Interest income	1,066)	297)	56)	30)	44)
Interest expense	(156)	(191)	(371)	(748)	(685)
Other income (expense), net	172)	(43)	135)	(122)	45)
Income (loss) before income taxes	9,973)	13,719)	6,343)	1,154)	(665)
(Provision for) benefit from income taxes	5,001)	(1,132)	(699)	(292)	(110)
Net income (loss)	14,974)	12,587)	5,644)	862)	(775)
Net (income) loss attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries	23)	(31)	(125)	(141)	(87)
Net income (loss) attributable to common stockholders	14,997)	12,556)	5,519)	721)	(862)

Based on: 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), 10-K (reporting date: 2019-12-31).

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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 2021 to 2022 and from 2022 to 2023.
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 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
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 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
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 2021 to 2022 and from 2022 to 2023.

Tesla Inc. (NASDAQ:TSLA)

Income Statement