/Creator ( w k h t m l t o p d f 0 . (Unaudited) (1)EPS = earnings per share. Installed capacity current production rate and there may be limitations discovered as production rates approach capacity. MASSIVE Electric Bike Buyers Guide All the Biggest Brands & Models, NIO ES8 The Chinese Electric SUV Outselling The Tesla Model X, Nukes, Renewables, and the Union of Concerned Scientists, Reality Check Correcting the Cleantech Record, Solar Panel Installers Top Solar Panel Installers & How To Evaluate Them, Switching to an Electric Fleet Learn About Charging, Payments, & More, CleanTechnica Member, Supporter, Technician, or Ambassador. /Subtype /Image 6) endobj As demand remains substantially above capacity, growth has been limited by supply. Earlier in the quarter, we added a live view of the cars cameras to the mobile app when Sentry Mode is active. Tesla annual revenue for 2021 was $53.823B, a 70.67% increase from 2020. #4. 1) (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES /Filter /FlateDecode /Length 9 0 R Published. /CreationDate (D:20220101164509Z) This profit level was reached while incurring SBC expense attributable to the 2018 CEO award of $245M in Q4, driven by the final two operational milestones becoming probable. These first vehicles will be built using 2170 cells. Non-GAAP information is not prepared under a comprehensive set of accounting rules and therefore, should only be read in conjunction with financial information reported under U.S. GAAP when understanding Teslas operating performance. Findings also include quite a wide reliability discrepancy between vehicles based on their body style, with hatchbacks and sedans being the most reliable, followed by SUVs and pickup trucks, with the latter being statistically the least reliable type of vehicle. From 2017 to 2020, annual Tesla deliveries have increased 4.85x. NON-GAAP FINANCIAL INFORMATION WebTesla, Inc. 10,000+ Employees Based in Palo Alto, California Most Recent Annual Report MOST RECENT 2021 Form 10K Report Locked. O P E R A T I O N A L S U M M A R Y SolarBotanic Trees Charging Stations Of The Future? Tesla annual net income for 2021 was $5.519B, a 665.46% increase from 2020. While we continue to execute on innovations to reduce the cost of manufacturing and operations, over time, we expect our hardware-related profits to be accompanied with an acceleration of software-related profits. /Producer ( Q t 4 . This is due to Elon Musk not taking a salary and Jerome Guillen departing Tesla in June 2021. 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Days sales outstanding is equal to (i) average accounts receivable, net for the period divided by (ii) total revenues and multiplied by (iii) the number of days in the period. The number one spot for 2022 is no longer held by Lexus, which falls into second place with Toyota now in the top spot (albeit with exactly the same score as its luxury division). The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Tesla's second largest segment was the Large SUVs segment. CEO, MindShare Germany. In the filing, Tesla also added that Elon Musks Twitter post about taking Tesla private and the ensuing drama (the SEC investigation and settlement) posed no restriction on Elon Musks ability to serve as an officer or director on the board other than its Chair for a specified time. Our business has recently been consistently generating cash flow from operations in excess of our level of A reconciliation between GAAP and non-GAAP financial information is provided above. Services and Other The pace of production ramps in Austin and Berlin will be influenced by the successful introduction of many new product and manufacturing technologies in new locations, ongoing supply-chain related challenges and regional permitting. Tesla filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2022 on February 7, 2022. Tesla Motors was founded in 2003 by a group of engineers in Silicon Valley who wanted to prove that electric cars could be better than gasoline-powered cars. We are making further cost improvements, particularly on installation, to increase energy profitability. /SM 0.02 Market share of Tesla vehicles by region (TTM) Source: Tesla estimates based on ACEA; Autonews.com; CAAM light-duty vehicles only 9, C O R E T E C H N O L O G Y Autopilot and Full Self-Driving(FSD) 0. Christof Baron about Statista Annualized vehicle production run-rate of over 1.22 million in Q4-2021 Profitability $2.6B GAAP operating income; 14.7% operating margin in Q4 Additionally, we generated $5.5B of GAAP net income and $5.0B of free cash flow in 2021 after spending $6.5B to build out new factories and on other capital expenditures. Tesla 2020 annual EPS was $0.21, a 165.14% decline from 2019. WebTesla Model Y. Profit Nevada Advantage; Regions; Data Portal; White Papers; Key Industries; Incentives; Opportunity We believe our current projects, including large castings, structural battery pack, 4680 cells and many others, should help us continue to minimize our product cost. With Tesla, back in the day, funding was actually secured. Heres exactly what Tesla said: On October 16, 2018, the U.S. District Court for the Southern District of New York entered a final judgment approving the terms of a settlement filed with the court on September 29, 2018, in connection with the actions taken by the SEC relating to Elon Musks August 7, 2018 Twitter post that he was considering taking Tesla private. 04. Important reminders for those who applied to participate in the 2022 Tesla Shareholders Meeting in-person: Check your junk mail folder (my invitation ended up there) Reply to it ASAP. AUSTIN, Texas, April 20, 2022 Tesla has released its financial results for the first quarter of 2022 by posting You can read the full document here. + growth in vehicle deliveries Adjusted EBITDA ($B) 28, F I N A N C I A L S T A T E M E N T S, S T A T E M E N T O F O P E R A T I O N S WebTesla net income for the twelve months ending September 30, 2022 was $11.190B, a 219.81% increase year-over-year. (Unaudited) 7, (1) Before we adopted the new revenue accounting standard ASC 606 on January 1, 2018, operating leases included vehicle sales to customers or leasing partners with a resale value guarantee. USD 178.81 +5.37 (3.10%) Dec 9, 2022 9:51 AM EST - Market open Overview Financials Statistics Forecast Dividends Profile Chart Income Balance Sheet Cash Flow Ratios Annual Quarterly Trailing Income Statement ( Annual) Financials in millions USD. CERTAIN TERMS IIHS awarded the vision-only version Model 3 and Model Y a score of superior in collision-avoidance functionality and Top Safety Pick+, the highest possible rating. In 2021, Services and Other gross margin increased to -2.7%, the best performance in five years, nudging above break-even in Q4-2021. x1 00*k`v!e~Ij. Amend Part III, Items 10, 11, 12, 13, and 14 of the Original Form 10-K to include the information required by such Items; Delete the reference on the cover of the Original Form 10-K to the incorporation by reference of portions of our proxy statement into Part III of the Original Form 10-K; File new certifications of our principal executive officer and principal financial officer as exhibits to this Amendment under Item 15 of Part IV hereof, pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the Exchange Act). Is Rivian Build Quality Getting Worse As Production Ramps Up? These forward-looking statements are based on managements current expectations, and as a result of certain risks and uncertainties, actual results may differ materially from those projected. Sign Up; Log In; My Model X. We have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses. >> /ca 1.0 China: Shanghai Tesla 2021 annual EPS was $1.63, a 666.67% increase from 2020. /CA 1.0 Solar deployments were 345 MW in 2021, increasing by 68% YoY, with cash/loan purchases accounting for nearly all solar deployments. CleanTechnica Tested: The Generac G2000 Portable Power Station. Click the button below to request a report when hardcopies become available. Neither Elon Musk nor Jerome Guillen received a salary. "Free cash flow" is operating cash flow less capital expenditures. Mr. Musk did not admit or deny any of the SECs allegations, and there is no restriction on Mr. Musks ability to serve as an officer or director on the Board (other than as its Chair for a specified time).. Prior period totals have been adjusted to reflect this change. endobj - increase in SG&A driven mainly by $340M payroll tax on 2012 CEO award option exercise /Width 660 1 2 . Fiscal year is January - 5, F I N A N C I A L S U M M A R Y Revenue 2022. This represents a year over year growth of over 121%. Teslas recent 10-K/A filing with the Securities Exchange Commission reflects the confidence it has in CEO Elon Musks leadership as well as its current board of directors. Johnna owns less than one share of $TSLA currently and supports Tesla's mission. DOCUMENTS INCORPORATED BY REFERENCE Portions Free Cash Flow ($B) K E Y M E T R I C S T R A I L I N G 1 2 M O N T H S ( T T M ) YoY, operating income was primarily impacted by the following items: Tesla disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events, or otherwise. Full Self-Driving (FSD) software remains one of our primary areas of focus. Other income (expense), net, changed favorably by $257 million in the year ended December 31, 2021 as compared to the year ended December 31, 2020, primarily due to favorable fluctuations in foreign currency exchange rates and a $49 million favorable change in the mark-to-market remeasurement of our interest rate swaps. 1 TO ANNUAL REPORT ON FORM 10-K/A FOR THE YEAR ENDED DECEMBER 31, 2021 INDEX Page EXPLANATORY NOTE. About; FAQ; Browse Vehicles; Tips; Forum; Use Fuelly. In addition to serving as our Chief Executive Officer since October 2008, Elon Musk has contributed significantly and actively to us since our earliest days in April 2004 by recruiting executives and engineers, contributing to vehicle engineering and design, raising capital for us and bringing investors to us and raising public awareness of Tesla.. In Q3-2021 (the last widely reported quarter), Tesla achieved the highest operating margin across all volume OEMs. Free Cash Flow ($B) Net Income ($B) Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through 2022. Management believes that it is useful to supplement its GAAP financial statements with this non-GAAP information because management uses such information internally for its operating, budgeting and financial planning purposes. We are making progress on the industrialization of Cybertruck, which is currently planned for Austin production subsequent to Model Y. Europe: Berlin-Brandenburg Top 10 Lowest Monthly Returns Of Tesla Inc (TSLA) Stock Note: The range of data used in this report between 2012-11-24 and 2022-11-22. Joining Tesla at the bottom of the rankings were Mercedes-Benz, Volkswagen, Jeep, GMC and Chevrolet. Live video webcast of the event will be /ColorSpace /DeviceGray Those bastards. The filing also goes over the executive compensation. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries. WebUnder Article 53 of the Law on Capital Market ("Official Gazette of the Republic of Serbia", No. Cash Issue. WebThe discussions in this Annual Report on Form 10-K contain forward-looking statements reflecting our current expectations that involve risks and uncertainties. In the explanatory note, Tesla stated that this 70%, 80%, 99.9%, 100% Renewables Study Central, Clean tech and sustainability market research, Climate Change Solutions: Why 1.5C Is So Important, Electric Vehicle Sales Charts, Graphs, & Stats, Engage Global Competition: Technology for a Sustainable Future. x1 00*k`v!e~Ij. Interest Expense Interest expense decreased by $377 million, or 50%, in the year ended December 31, 2021 as compared to the year ended December 31, 2020, primarily due to a reduction of $173 million as a result of the adoption of ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entitys Own Equity, on January 1, 2021, whereby we have de-recognized the remaining debt discounts on the 2022 Notes and 2024 Notes and therefore no longer recognize any amortization of debt discounts as interest expense, as well as the continued reduction in our overall debt balance. I was forced to admit that I lied to save Teslas life and thats the only reason.. Tesla annual revenue for 2019 was $24.578B, a 14.52% increase from 2018. Please wait while we load the requested 10-K report or click the link below: https://last10k.com/sec-filings/report/1318605/000095017022000796/tsla-20211231.htm. We successfully increased the number of FSD Beta vehicles from a couple of thousand in Q3 to nearly 60,000 vehicles in the US today. After final certification of Austin-made Model Y, we plan to start deliveries to customers. NE OH. << FORWARD-LOOKING STATEMENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A (Amendment No. In total, $1.5B increase in our cash and cash equivalents in Q4 to $17.6B Cash Record vehicle deliveries of 0.94 million in 2021 We believe competitiveness in the EV market will be determined by the ability to add capacity across the supply chain and ramp production. << Prior period totals have been adjusted to reflect this change. The rate of growth will depend on our equipment capacity, operational efficiency and the capacity and stability of the supply chain. In France, Plugins Take Record 24.4% Tesla Model Y Bestseller, Norway BEVs Hit Record Volume in November Tesla Model Y Leads, 2022 Volvo XC40 Recharge Twin Ultimate CleanTechnica Review (Video), 2022 CleanTechnica Car of the Year Writers Discuss Finalists, Watch Tesla Conference Call Live Today With Charts, Analyst Quotes, Transcribed Questions, Fisker Ocean CleanTechnica Walkthrough Video, The Aptera Gamma CleanTechnica Video Walkthrough. 8 0 obj [/Pattern /DeviceRGB] /SMask /None>> The team continued to iterate on FSD Beta software, releasing seven updates throughout the quarter. Net income (GAAP) YoY, revenue was impacted by the following items: Total Fuel-ups. Tesla is the market leader in battery h t m) /Type /ExtGState Includes Ownership Percent, Buy versus Sell comparison, Put-Call ratio and more, Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports, Consolidated Balance Sheets (Parenthetical), Consolidated Statements Of Cash Flows (Unaudited), Consolidated Statements Of Comprehensive Income (Loss), Consolidated Statements Of Redeemable Noncontrolling Interest And Stockholders' Equity, Consolidated Statements Of Redeemable Noncontrolling Interest And Stockholders' Equity (Parenthetical), Accrued Liabilities And Other - Schedule Of Accrued Liabilities And Other Current Liabilities (Detail), Commitments And Contingencies - Additional Information (Detail), Debt - 2021 Notes, Bond Hedges And Warrant Transactions - Additional Information (Detail), Debt - 2022 Notes, Bond Hedges And Warrant Transactions (Additional Information) (Details), Debt - 2024 Notes, Bond Hedges And Warrant Transactions (Additional Information) (Details), Debt - 2025 Notes - Additional Information (Detail), Debt - Automotive Asset-Backed Notes - Additional Information (Detail), Debt - Automotive Lease-Backed Credit Facilities - Additional Information (Detail), Debt - Cash Equity Debt (Additional Information) (Details), Debt - China Loan Agreements - Additional Information (Detail), Debt - Credit Agreement (Additional Information) (Details), Debt - Pledged Assets (Additional Information) (Details), Debt - Schedule Of Future Principal Maturities Of Debt (Details), Debt - Schedule Of Interest Expense (Detail), Debt - Solar Asset And Loan-Backed Notes (Additional Information) (Details), Debt - Solar Revolving Credit Facility And Other Loans - Additional Information (Detail), Debt - Summary Of Debt And Finance Leases (Detail), Digital Assets, Net - Additional Information (Detail), Equity Incentive Plans - Additional Information (Detail), Equity Incentive Plans - Schedule Of Fair Value Of Stock Option Award And Espp On Grant Date (Detail), Equity Incentive Plans - Summary Of Operational Milestone Based On Revenue Or Adjusted Ebitda (Detail), Equity Incentive Plans - Summary Of Stock Option And Rsu Activity (Detail), Equity Incentive Plans - Summary Of Stock-Based Compensation Expense (Detail), Fair Value Of Financial Instruments (Tables), Fair Value Of Financial Instruments - Additional Information (Detail), Fair Value Of Financial Instruments - Schedule Of Assets And Liabilities Measured At Fair Value On Recurring Basis (Detail), Fair Value Of Financial Instruments - Schedule Of Estimated Fair Values And Carrying Values (Detail), Fair Value Of Financial Instruments - Schedule Of Interest Rate Swaps Outstanding (Detail), Goodwill And Intangible Assets (Additional Information) (Details), Goodwill And Intangible Assets - Summary Of Acquired Intangible Assets (Detail), Goodwill And Intangible Assets - Total Future Amortization Expense For Finite-Lived Intangible Assets (Detail), Income Taxes (Additional Information) (Details), Income Taxes - Components Of Provision For Income Taxes (Details), Income Taxes - Schedule Of Changes To Gross Unrecognized Tax Benefits (Details), Income Taxes - Schedule Of Deferred Tax Assets (Liabilities) (Details), Income Taxes - Schedule Of Income (Loss) Before Provision For Income Taxes (Details), Income Taxes - Schedule Of Reconciliation Of Taxes At Federal Statutory Rate To Provision For Income Taxes (Details), Inventory - Additional Information (Detail), Inventory - Schedule Of Inventory (Detail), Leases - Maturities Of Operating Lease And Sales-Type Lease Receivables From Customers (Detail), Leases - Schedule Of Components Of Lease Expense And Other Information Related To Leases (Detail), Leases - Schedule Of Future Minimum Lease Payments To Be Received For Operating Leases (Detail), Leases - Schedule Of Lease Receivables Relating To Sales-Type Leases (Detail), Leases - Schedule Of Maturities Of Operating And Finance Lease Liabilities (Detail), Leases - Schedule Of Operating And Financing Leases Presented In Balance Sheets (Detail), Leases - Schedule Of Other Information Related To Leases (Detail), Leases - 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Schedule Of Total Revenues And Gross Profit By Reportable Segment (Detail), Solar Energy Systems, Net - Components Of Solar Energy Systems, Net (Details), Solar Energy Systems, Net - Components Of Solar Energy Systems, Net (Parenthetical) (Details), Summary Of Significant Accounting Policies, Summary Of Significant Accounting Policies (Policies), Summary Of Significant Accounting Policies (Tables), Summary Of Significant Accounting Policies - Additional Information (Detail), Summary Of Significant Accounting Policies - Additional Information (Detail1), Summary Of Significant Accounting Policies - Cumulative Effect Of Changes Made On Consolidated Balance Sheet For Adoption Of Asu 2020-06 (Detail), Summary Of Significant Accounting Policies - Estimated Useful Lives Of Respective Assets (Details), Summary Of Significant Accounting Policies - Schedule Of Accrued Warranty Activity (Detail), Summary Of Significant Accounting Policies - Schedule Of Cash And Cash Equivalents And Restricted Cash (Detail), Summary Of Significant Accounting Policies - 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Carrying Values Of Assets And Liabilities Of Subsidiary In Consolidated Balance Sheets (Detail), Exhibit 21.1: Subsidaries Of The Registrant, Exhibit 23.1: Consents Of Experts And Counsel, Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification, Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification, https://last10k.com/sec-filings/tsla/0000950170-22-000796.htm. 7) Commencing in May 2019 at Mr. Musks request, we eliminated altogether the earning and accrual of this base salary.. WebThe following information was filed by Tesla, Inc. (TSLA) on Wednesday, January 26, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of Texas Will Have More Electricity From Renewables Than Natural Gas Next Year, Says EIA Report, Floating Offshore Wind Lease Sale Lands $757 Million in Winning Bids, Equinor Secures First West Coast Offshore Wind Leases, Joe Bidens Executive Order on Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability, New Clean Energy Workforce Training Program From Biden-Harris Admin, Dandelion Energy Ready To Expand Ground Source Heat Pumps. Copyright 2022 CleanTechnica. 7) Owners of the Chevrolet Bolt, Ford Mustang Mach-E, Hyundai Kona Electric, and Volkswagen ID.4 all reported some of these issues., CR: EVs Worst For Reliability But Not Due To Their Powertrains, Consumer Reports Still Ranks Tesla Reliability 27th Out Of 28, Popular YouTuber Not Pleased With Ford F-150 Lightning Winter Range, Sandy Munro Drives Canoo Vehicle, Discusses Companys Future With CEO. We are still in the process of finalizing the manufacturing permit from local authorities, which will allow us to start delivering German-made vehicles in Europe. SWOT Analysis of Tesla 2022: A Detailed Report! (Surprise Video), Flameproofing Lithium-Ion Batteries With Salt, EV Batteries Just Keep Getting Better & Better, U.S. All Model Ys recalls. Our non-GAAP financial measures include non-GAAP automotive gross margin, non-GAAP net income (loss) attributable to common stockholders, non-GAAP net income (loss) attributable to common stockholders on a diluted per share basis (calculated using weighted average shares for GAAP diluted net income (loss) attributable to common stockholders), Adjusted EBITDA, Adjusted EBITDA margin and free cash flow. Our vehicle deliveries include only vehicles that have been transferred to end customers with all paperwork correctly completed. Tesla turned that profit on just over $18.7 billion in revenue, the company announced. That represents an 81 percent increase year over year, compared to $10.4 billion in revenue in Q1 2021. The company logged $679 million in emission credit sales to other "Adjusted EBITDA" is equal to (i) net income (loss) attributable to common stockholders before (ii)(a) interest expense, (b) provision for income taxes, (c) depreciation, amortization and impairment and (d) stock-based compensation expense, which is the same measurement for this term pursuant to the performance-based stock option award granted to our CEO in 2018. 3 0 obj She also gardens, collects interesting minerals and can be found on TikTok. Tesla annual net income for 2019 was $-0.862B, a 11.68% decline Profitability (Unaudited) 32, R e c o n c I l I a t I o n o f G A A P t o N o n G A A P F I n a n c I a l I n f o r m a t I o n (Unaudited) 33, R e c o n c I l I a t I o n o f G A A P t o N o n G A A P F I n a n c I a l I n f o r m a t I o n (Unaudited) 34, R e c o n c I l I a t I o n o f G A A P t o N o n G A A P F I n a n c I a l I n f o r m a t I o n (Unaudited) TTM = Trailing twelve months 35, A D D I T I O N A L I N F O R M A T I O N Please fill out the form below and click "Place Order" to complete your order. We aim to maximize output from our Fremont factory while ramping new factories. So, thats like having a gun to your childs head. WebIn 2021, Tesla customers helped accelerate the world's transition to sustainable energy by avoiding 8.4 million metric tons of CO 2 e emissions View 2021 Impact Report Our (Unaudited) Operating Cash Flow ($B) WEBCAST INFORMATION Advertise with CleanTechnica to get your company in front of millions of monthly readers. Our total debt excluding vehicle and energy product financing has fallen to just $1.4B at the end of 2021. The SEC knew that the funding was secured, but they pursued an active public investigation nonetheless. Incorrectly manufactured steering knuckles may break or become deformed or break and the suspension arms could become detached from them, resulting . These non-GAAP financial measures also facilitate managements internal comparisons to Teslas historical performance as well as comparisons to the operating results of other companies. Our operating income improved to $2.6B in Q4 compared to the same period last year, resulting in a 14.7% operating margin. WebInside Tesla, Inc.'s 10-K Annual Report: Financial - Cash Flow Highlight. Historically, in developing compensation recommendations for our Chief Executive Officer, the Compensation Committee has sought both to appropriately reward our Chief Executive Officers previous and current contributions and to create incentives for our Chief Executive Officer to continue to contribute significantly to successful results in the future. (2)Days of supply is calculated by dividing new car ending inventory by the relevant years deliveries and using 300 trading days (aligned with Automotive News definition). However, he has never accepted his salary. The content produced by this site is for entertainment purposes only. Battery, Powertrain & Manufacturing /AIS false WebTesla Report 2022 Industries & Markets Tesla realized a total revenue of US$20.4 billion worldwide, while the total market revenue amounted to US$2.1 trillion in 2021. /Height 959 Adjusted EBITDA ($B) 27, Vehicle Deliveries (millions of units) Operating Cash Flow ($B) /Type /ExtGState Funding was indeed secured. Gigafactory Shanghai continues to be our main export hub. 1,637. 11 Total Energy storage deployments in GWh Residential solar deployed in MW, O U T L O O K Volume Added Dec 3 2022. In the explanatory note, Tesla stated that this amendment was being filed to do these three things: In Part III of the filing, Tesla listed its leadership team along with a brief paragraph about each. WebTESLA - ANNUAL REPORT - FY22 - Nevada Governor's Office of Economic Development We value your privacy We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. WebAnnual Reports; Southern NV Infrastructure Development Group; Why Nevada. Theres also the car business, which he has single-handedly disrupted with Tesla Motors, a company valued at a trillion dollars, depending on the day. Tesla makes nothing but battery-electric cars and absolutely owns the market until other established automakers roll out enough new EVs in an attempt to seize some market share. Management also believes that presentation of the non-GAAP financial measures provides useful information to our investors regarding our financial condition and results of operations, so that investors can see through the eyes of Tesla management regarding important financial metrics that Tesla uses to run the business and allowing investors to better understand Teslas performance. Operating cash flow less capex (free cash flow) of $2.8B in Q4 At the time, Tesla was in a precarious financial situation, and I was told by the banks that if I did not agree to settle with the SEC that the banks would cease providing working capital and Tesla would go bankrupt immediately. (Unaudited) (1)EPS = earnings per share. However, a look at annual returns helps one visualize the periodic performance of a stock. Web2022 Tesla Model X. iraicu's 2022 Tesla Model X. The increase was primarily dueRead more, 2021 compared to 2020 AutomotiveRead more, Additionally, there was $340 millionRead more, Energy Generation and Storage Demand,Read more, Gross margin for total automotiveRead more, Gross margin for energy generationRead more, Cost of automotive sales revenuesRead more, SG&A expenses increased $1.37 billion,Read more, Automotive regulatory credits revenue decreasedRead more, Net Income Attributable to NoncontrollingRead more, Finally, we continually evaluate ourRead more, Our SG&A expenses have decreasedRead more, Services and other revenue increasedRead more, The increase is primarily dueRead more, As we expand our manufacturingRead more, As we accumulate additional employeeRead more, R&D expenses increased $1.10 billion,Read more, Accordingly, any decrease in theirRead more, Net cash provided by operatingRead more, However, these plans are subjectRead more, Revenue Recognition Automotive Sales withoutRead more, Automotive leasing revenue increased $590Read more, Moreover, we must meet ambitiousRead more, For our obligations related toRead more, Results of Operations Revenues AutomotiveRead more, The process to determine whetherRead more, Other features and services suchRead more, We expect operating expenses toRead more, Increasing the exports of vehiclesRead more, Cost of automotive leasing revenueRead more, Liquidity and Capital Resources WeRead more, Additionally, the net release ofRead more, For performance-based awards, stock-based compensationRead more, These increases were to supportRead more, Additionally, net cash outflows relatedRead more, Should the actual amounts differRead more, In connection with our operationsRead more, We continue to ramp production,Read more, However, digital assets may beRead more, Additionally, there was a lowerRead more, Tesla, Inc. provided additional information to their SEC Filing as exhibits, Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not, Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news, Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q, Remove data columns and navigations in order to see much more filing content and tables in one view, Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q, Export Annual and Quarterly Reports to Adobe Acrobat (PDF), Microsoft Word (DOCX), Excel (XLSX) and Comma-Delimited (CSV) files for offline viewing, annotations and analysis, Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity, See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years, Use our calculated cost dollar values to discover when and how much registered owners BUY, SELL or excercise their company stock OPTIONS aggregated from Form 4 Insider Transactions SEC Filings, View which hedge funds, pension / retirement funds, endowments, banks and insurance companies have increased or decreased their positions in a particular stock. /Width 660 endobj /ca 1.0 Highlights 03 Financial Summary 04 Operational Summary 07 Vehicle Capacity 09 Core Technology 10 Other Highlights 11 Outlook 12 Photos & Charts 13 Key Metrics 27 Financial Statements 29 Additional Information 36, 2021 was a breakthrough year for Tesla. 1 0 obj We are in the process of building a dedicated Megapack factory to address the growing demand. I was forced to concede to the SEC unlawfully. Each of the 2018 CEO Performance Award and the performance-based stock option award granted to our Chief Executive Officer in August 2012 (the 2012 CEO Performance Award) is focused on this latter objective, as it solely rewards future performance. stream As of January 31, 2022, there were 1,033,507,611 shares of the registrants common stock outstanding. endobj Lessons Learned From 10,000 Electric Cars And 100 Million Miles, Elon Musk Again Says He Thinks Lucid Will Go Under. The Lincoln Corsair finished at the top of the Kogod Made in America Auto Index for 2022. The survey looked at data from 300,000 vehicles built between 2000 and 2022 (including a few 2023 model year vehicles that were introduced early). Energy storage deployments increased by 32% YoY in 2021, mainly driven by strong Megapack deployments. Tesla will provide a live webcast of its fourth quarter 2021 financial results conference call beginning at 4:30 p.m. CT on January 26, 2022 at ir.tesla.com. WebTesla Annual Report 2021 Form 10-K (NASDAQ:TSLA) Published: April 30th, 2021 PDF generated by stocklight.com . We believe there is potential to extend overall capacity beyond 600,000 per year. Item 10. WebTesla Financial Statements 2009-2022 | TSLA Prices Financials Revenue & Profit Assets & Liabilities Margins Price Ratios Other Ratios Other Metrics Income Statement Balance Additional features included a live view of the cars blind spot when turn signals are active, editable navigation waypoints and a host of new games, entertainment and audio features. Average cost per vehicle is cost of automotive sales divided by new vehicle deliveries (excluding leases). Customize Reject All Accept All TESLA ANNUAL REPORT FY22 /Subtype /Image 2022. Builds of Model Ys started in late 2021 at Gigafactory Texas. Tesla annual net income for 2020 was $0.721B, a 183.64% decline from 2019. (Unaudited) 26, Vehicle Deliveries (millions of units) K E Y M E T R I C S Q U A R T E R L Y WebOct 31, 2022 4 Statement of changes in beneficial ownership of securities Acc-no: 0001790565-22-000014 HTML PDF Oct 24, 2022 10-Q Quarterly report which provides a $2.3B GAAP net income; $2.9B non-GAAP net income (ex-SBC1) in Q4 BMW climbs ten positions over 2021 and lands third place. You have a very limited time to reply (e.g. << Written By: Admin | Last Updated: January 1, 2022 SWOT analysis is a way for anyone to run an impact analysis of their esteemed company or a competitors company in an efficient manner. 8 . These forward 2022 Tesla Model X. It accounted for 34% of the makes revenue in 2021. 4 0 obj Watch: Tesla Semis 500-Mile Drive On One Charge, Lectron Tesla-to-J1772 48-Amp Adapter Review, Lectron To Provide Tesla/NACS Connector & EVSE For Aptera, Trying Out Phillips 66 & Freewires First EV Charging Station, Mercedes-Benz eVito Review 1st Impressions, The Bolt EUVs (& Many Other Cars) Secret Cell Phone Super-Antenna, Germanys EVs Near 40% Share Tesla Model 3 Bestseller, UK Plugin EVs Take 27.7% Share Tesla Model Y Bestseller. + growth in other parts of the business 3 0 obj Quarter-end cash and cash equivalents increased sequentially by $1.5B to $17.6B in Q4, driven mainly by free cash flow of $2.8B, partially offset by net debt and finance lease repayments of $1.5B. Days of supply is calculated by dividing new car ending inventory by the relevant quarters deliveries and using 75 trading days. Days payable outstanding is equal to (i) average accounts payable for the period divided by (ii) total cost of revenues and multiplied by (iii) the number of days in the period. Electrify Americas Newest Stations Are Awesome! US: California and Texas And now it makes it look like I lied when I did not, in fact, lie. endobj Erthos Redefines The Meaning Of Ground Mount Solar (With Video). As of January 31, 2022, there were 1,033,507,611 shares of the registrants common stock outstanding. Geothermal Energy Could Soon Help. Tesla, Inc. does not currently have any hardcopy reports on AnnualReports.com. Production rates depend on a variety of factors, including equipment uptime, component supply, downtime related to factory upgrades, regulatory considerations and other factors. With our deliveries up 87% in 2021, we achieved the highest quarterly operating margin among all volume OEMs, based on the latest available data(2), demonstrating that EVs can be more profitable than combustion engine vehicles. /Filter /FlateDecode 1 0 obj Our energy product deployment volume includes both customer units installed and equipment sales; we report installations at time of commissioning for storage projects or inspection for solar projects, and equipment sales at time of delivery. /AIS false Consumer Reports Still Ranks Tesla Reliability 27th Out Of 28 CR also notes that cars from Asian brands are still on the whole the most reliable, followed by WebTesla EPS for the twelve months ending September 30, 2022 was $3.24, a 213.26% increase year-over-year. It rates vehicles in 17 different areas all of which are all added up to give the manufacturers total score. Tesla 2019 annual EPS was $-0.33, a 13.95% decline from 2018. 870. 6) Manufacturing is Teslas critical core competency. %PDF-1.4 Property of iraicu. /Creator ( w k h t m l t o p d f 0 . This company has a Impact Report available to view on our partner site, ResponsibilityReports.com. Product We plan to grow our manufacturing capacity as quickly as possible. (2) Calendar Q3-2021 was the last widely reported quarter across OEMs, F I N A N C I A L S U M M A R Y In Q4, we released a new user interface, featuring a customizable app launcher, simplified controls menu and support for a dark mode appearance. Cost (COGS) per vehicle dropped to ~$36,000 in both Q3 and Q4 2021. More information on potential factors that could affect our financial results is included from time to time in our Securities and Exchange Commission filings and reports, including the risks identified under the section captioned Risk Factors in our quarterly report on Form 10-Q filed with the SEC on October 25, 2021. I want to be clear about that. With instant torque, incredible power, and zero emissions, Teslas products would be cars without compromise. The following important factors, without limitation, could cause actual results to differ materially from those in the forward-looking statements: uncertainties in future macroeconomic and regulatory conditions arising from the current global pandemic; the risk of delays in launching and manufacturing our products and features cost-effectively; our ability to grow our sales, delivery, installation, servicing and charging capabilities and effectively manage this growth; consumers demand for electric vehicles generally and our vehicles specifically; the ability of suppliers to deliver components according to schedules, prices, quality and volumes acceptable to us, and our ability to manage such components effectively; any issues with lithium-ion cells or other components manufactured at Gigafactory Nevada; our ability to build and ramp Gigafactory Shanghai, Gigafactory Berlin and Gigafactory Texas in accordance with our plans; our ability to procure supply of battery cells, including through our own manufacturing; risks relating to international expansion; any failures by Tesla products to perform as expected or if product recalls occur; the risk of product liability claims; competition in the automotive and energy product markets; our ability to maintain public credibility and confidence in our long-term business prospects; our ability to manage risks relating to our various product financing programs; the status of government and economic incentives for electric vehicles and energy products; our ability to attract, hire and retain key employees and qualified personnel and ramp our installation teams; our ability to maintain the security of our information and production and product systems; our compliance with various regulations and laws applicable to our operations and products, which may evolve from time to time; risks relating to our indebtedness and financing strategies; and adverse foreign exchange movements. 31/2011, 112/2015, 108/2016, 9/2020, and 153/2020), and under the Rulebook on the content, form, and manner of publishing annual, semi-annual and quarterly reports of public companies (''Official Gazette of the Republic of Serbia'', No. + improved profitability of automotive leasing and Service & Other business 8 . >> The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because Tesla is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. While EVs were often deemed structurally unprofitable due to expensive batteries, we were convinced that manufacturing innovation, purpose-built vehicles and factories would solve cost concerns. (Unaudited) Net Income ($B) /Producer ( Q t 4 . This webcast will also be available for replay for approximately one year thereafter. Tesla, Inc. has reached its limit for free Teslas 2022 Annual Meeting of Stockholders will be held on Thursday, August 4, 2022, at 4:30 PM Central Time. h t m) /CA 1.0 [/Pattern /DeviceRGB] 14/2012, 5/2015, 48 hours) The filing reflects Teslas confidence in its CEO and executive teams ability to lead. On the other hand, we are likely to see heightened levels of capital expenditures during certain periods depending on the specific pace of our capital-intensive projects and rising material prices and increasing supply chain and labor expenses resulting from changes in global trade conditions and labor availability associated with the COVID-19 pandemic. Tesla plunges seven spots in annual Consumer Reports ranking By Chris Isidore, CNN Business Updated 7:47 PM EST, Thu February 17, 2022 Link Copied! WebTesla revenue for the twelve months ending September 30, 2022 was $74.863B, a 59.8% increase year-over-year. /Type /XObject The annual report from American University ranks vehicles on the location of their manufacturing facilities and company headquarters, local economic impact and domestic parts content, which includes components sourced from the U.S. and Canada. Thank you for being part of it. WebOn February 7, 2022, Tesla, Inc. (Tesla, the Company, we, us, or our) filed our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the Original Teslas revenue in Q1 + Q2 2021 was $22.35 billion. Tesla has been one of the worlds top car industry with its energy saving and luxury-centered designs. /Type /XObject Equipment testing through the vehicle production process started late 2021. Tesla has never done well in Consumer Reports annual reliability surveys and the same is true for the manufacturers 2022 performance. Musk historically earned a base salary that reflected the applicable minimum wage requirements under California law, and he was subject to income taxes based on such base salary. 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