Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Tesla Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $259.16
No. shares of common stock outstanding 3,216,517,037
US$ in millions
Common equity (market value)1 833,593
Add: Preferred stock; $0.001 par value; no shares issued and outstanding (per books)
Add: Noncontrolling interests in subsidiaries (per books) 704
Total equity 834,297
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 842,510
Less: Cash and cash equivalents 16,139
Less: Short-term investments 20,424
Enterprise value (EV) 805,947

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 259.16 × 3,216,517,037


Historical Enterprise Value (EV)

Tesla Inc., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 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

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 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

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.