Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Tesla Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Add: Preferred stock; $0.001 par value; no shares issued and outstanding (per books)
Add: Noncontrolling interests in subsidiaries (per books)
Total equity
Add: Current portion of debt and finance leases (per books)
Add: Debt and finance leases, net of current portion (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Tesla Inc., EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Preferred stock; $0.001 par value; no shares issued and outstanding (book value)
Add: Noncontrolling interests in subsidiaries (book value)
Total equity
Add: Current portion of debt and finance leases (book value)
Add: Debt and finance leases, net of current portion (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

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).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Tesla Inc. Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Tesla Inc. EV decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.