Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

Market Value Added (MVA)

Microsoft Excel

Market value added (MVA) is the difference between a firm fair value and its invested capital. MVA is a measure of the value a company has created in excess of the resources already committed to the enterprise.


MVA

Tesla Inc., MVA calculation

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Fair value of debt and finance leases1 8,213 5,636 3,285 8,738 34,433
Operating lease liability 5,410 4,343 2,649 2,039 1,540
Market value of common equity 1,287,507 608,072 548,086 937,753 828,766
Preferred stock; $0.001 par value; no shares issued and outstanding
Redeemable noncontrolling interests in subsidiaries 63 242 409 568 604
Noncontrolling interests in subsidiaries 704 733 785 826 850
Less: Short-term investments 20,424 12,696 5,932 131
Market (fair) value of Tesla 1,281,473 606,330 549,282 949,793 866,193
Less: Invested capital2 67,545 59,453 49,621 40,247 39,217
MVA 1,213,928 546,877 499,661 909,546 826,976

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).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Tesla Inc. market (fair) value less invested capital. Tesla Inc. MVA increased from 2022 to 2023 and from 2023 to 2024.

MVA Spread Ratio

Tesla Inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 1,213,928 546,877 499,661 909,546 826,976
Invested capital2 67,545 59,453 49,621 40,247 39,217
Performance Ratio
MVA spread ratio3 1,797.21% 919.85% 1,006.95% 2,259.91% 2,108.72%
Benchmarks
MVA Spread Ratio, Competitors4
Ford Motor Co. -1.53% 7.92% 4.13% 17.80% 11.46%
General Motors Co. -9.11% -10.71% -7.65% 14.16% 25.91%

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).

1 MVA. See details »

2 Invested capital. See details »

3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 1,213,928 ÷ 67,545 = 1,797.21%

4 Click competitor name to see calculations.

Performance ratio Description The company
MVA spread ratio The ratio of MVA to invested capital. It measures the efficiency with which investors’ capital investment has translated into a franchise value and into an aggregate net present value premium. Tesla Inc. MVA spread ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

MVA Margin

Tesla Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 1,213,928 546,877 499,661 909,546 826,976
 
Revenues 97,690 96,773 81,462 53,823 31,536
Add: Increase (decrease) in deferred revenue 370 1,564 1,052 757 372
Adjusted revenues 98,060 98,337 82,514 54,580 31,908
Performance Ratio
MVA margin2 1,237.94% 556.13% 605.55% 1,666.45% 2,591.75%
Benchmarks
MVA Margin, Competitors3
Ford Motor Co. -1.65% 8.29% 4.54% 22.52% 16.79%
General Motors Co. -10.22% -12.25% -9.11% 20.89% 36.55%

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).

1 MVA. See details »

2 2024 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenues
= 100 × 1,213,928 ÷ 98,060 = 1,237.94%

3 Click competitor name to see calculations.

Performance ratio Description The company
MVA margin The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. Tesla Inc. MVA margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.