Tesla Inc., current enterprise value calculation

Current share price (P)	$259.51
No. shares of common stock outstanding	3,216,517,037
US$ in millions
Common equity (market value)¹	834,718)
Add: Preferred stock; $0.001 par value; no shares issued and outstanding (per books)	—)
Add: Noncontrolling interests in subsidiaries (per books)	704)
Total equity	835,422)
Add: Current portion of debt and finance leases (per books)	2,456)
Add: Debt and finance leases, net of current portion (per books)	5,757)
Total equity and debt	843,635)
Less: Cash and cash equivalents	16,139)
Less: Short-term investments	20,424)
Enterprise value (EV)	807,072)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 259.51 × 3,216,517,037

Tesla Inc., EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$400.28	$190.93	$173.22	$302.45	$287.81
No. shares of common stock outstanding¹	3,216,517,037	3,184,790,415	3,164,102,701	3,100,522,833	2,879,560,512
US$ in millions
Common equity (market value)³	1,287,507)	608,072)	548,086)	937,753)	828,766)
Add: Preferred stock; $0.001 par value; no shares issued and outstanding (book value)	—)	—)	—)	—)	—)
Add: Noncontrolling interests in subsidiaries (book value)	704)	733)	785)	826)	850)
Total equity	1,288,211)	608,805)	548,871)	938,579)	829,616)
Add: Current portion of debt and finance leases (book value)	2,456)	2,373)	1,502)	1,589)	2,132)
Add: Debt and finance leases, net of current portion (book value)	5,757)	2,857)	1,597)	5,245)	9,556)
Total equity and debt	1,296,424)	614,035)	551,970)	945,413)	841,304)
Less: Cash and cash equivalents	16,139)	16,398)	16,253)	17,576)	19,384)
Less: Short-term investments	20,424)	12,696)	5,932)	131)	—)
Enterprise value (EV)	1,259,861)	584,941)	529,785)	927,706)	821,920)

¹ Data adjusted for splits and stock dividends.

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

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 400.28 × 3,216,517,037

Download chart

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 increased from 2022 to 2023 and from 2023 to 2024.

Tesla Inc. (NASDAQ:TSLA)

Enterprise Value (EV)