Editing Tesla, Inc.
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|date=November 11, 2014 | |date=November 11, 2014 | ||
|access-date=October 3, 2018 |website=Business Insider}}</ref><ref>{{cite web |title=Tesla Energy Generation And Storage Business: Q4 2020 Results |url=https://insideevs.com/news/482496/tesla-energy-generation-storage-q4-2020-results/ | date=January 27, 2021}}</ref><ref>{{cite web |title=Elon Musk |url=https://www.forbes.com/profile/elon-musk/ |website=[[Forbes]]}}</ref><ref>{{cite web | url=https://www.sec.gov/Archives/edgar/data/1318605/000156459021044307/tsla-pre14a_20210813.htm | title=Schedule 14A Information | publisher=[[U.S. Securities and Exchange Commission]]}}</ref><ref name="10K_2022">{{cite web |title=Annual report Form 10-K 2022 Tesla Inc. |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000095017023001409/tsla-20221231.htm |date=January 31, 2023 |publisher=[[U.S. Securities and Exchange Commission]]}}</ref> | |access-date=October 3, 2018 |website=Business Insider}}</ref><ref>{{cite web |title=Tesla Energy Generation And Storage Business: Q4 2020 Results |url=https://insideevs.com/news/482496/tesla-energy-generation-storage-q4-2020-results/ | date=January 27, 2021}}</ref><ref>{{cite web |title=Elon Musk |url=https://www.forbes.com/profile/elon-musk/ |website=[[Forbes]]}}</ref><ref>{{cite web | url=https://www.sec.gov/Archives/edgar/data/1318605/000156459021044307/tsla-pre14a_20210813.htm | title=Schedule 14A Information | publisher=[[U.S. Securities and Exchange Commission]]}}</ref><ref name="10K_2022">{{cite web |title=Annual report Form 10-K 2022 Tesla Inc. |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000095017023001409/tsla-20221231.htm |date=January 31, 2023 |publisher=[[U.S. Securities and Exchange Commission]]}}</ref> | ||
}} | }}Tesla is on a mission to accelerate the world's transition to sustainable energy.<ref name=":3">https://www.tesla.com/about</ref> | ||
The company sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Tesla emphasises performance, attractive styling and the safety of its users in the design and manufacture of its products and is continuing to develop full self-driving technology for improved safety. The company also strives to lower the cost of ownership for its customers through continuous efforts to reduce manufacturing costs and by offering financial and other services tailored to its products.<ref name=":4">https://www.sec.gov/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm</ref> | The company sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Tesla emphasises performance, attractive styling and the safety of its users in the design and manufacture of its products and is continuing to develop full self-driving technology for improved safety. The company also strives to lower the cost of ownership for its customers through continuous efforts to reduce manufacturing costs and by offering financial and other services tailored to its products.<ref name=":4">https://www.sec.gov/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm</ref> | ||
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* Bid-ask margin is 0.0297% or more; and/or | * Bid-ask margin is 0.0297% or more; and/or | ||
* Objective is to help accelerate the world's transition to sustainable energy. | * Objective is to help accelerate the world's transition to sustainable energy. | ||
==Operations== | ==Operations== | ||
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The idea of the company came about when the now founding team of the company realised that the current way that humankind is meeting its energy needs is unsustainable and bad for the planet.<ref name=":9">https://www.tesla.com/en_GB/blog/secret-tesla-motors-master-plan-just-between-you-and-me</ref> | The idea of the company came about when the now founding team of the company realised that the current way that humankind is meeting its energy needs is unsustainable and bad for the planet.<ref name=":9">https://www.tesla.com/en_GB/blog/secret-tesla-motors-master-plan-just-between-you-and-me</ref> | ||
Currently, an estimated 85% of the world's energy needs are met by burning fossil fuels<ref>https://wedocs.unep.org/bitstream/handle/20.500.11822/30797/EGR2019.pdf?sequence=1&isAllowed=y</ref>, and energy production and consumption are responsible for 76% of annual human-caused greenhouse gas emissions.<ref | Currently, an estimated 85% of the world's energy needs are met by burning fossil fuels<ref>https://wedocs.unep.org/bitstream/handle/20.500.11822/30797/EGR2019.pdf?sequence=1&isAllowed=y</ref>, and energy production and consumption are responsible for 76% of annual human-caused greenhouse gas emissions.<ref>https://www.climatewatchdata.org/ghg-emissions?breakBy=sector&chartType=percentage&end_year=2018§ors=total-including-lucf&start_year=1990</ref><ref>https://www.wri.org/insights/4-charts-explain-greenhouse-gas-emissions-countries-and-sectors</ref> | ||
Researching into a better way to meet the energy needs, the team concluded that the best way to do so is to move to a solar electric economy, from a mine-and-burn hydrocarbon economy.<ref name=":9" /> | Researching into a better way to meet the energy needs, the team concluded that the best way to do so is to move to a solar electric economy, from a mine-and-burn hydrocarbon economy.<ref name=":9" /> | ||
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[[File:Elon Musk Royal Society (crop2).jpg|200px]] | [[File:Elon Musk Royal Society (crop2).jpg|200px]] | ||
Elon Musk is the Chief Executive Officer of Tesla and has served the position since October 2008 and as a member of the Board since April 2004. Elon has also served as Chief Executive Officer, Chief Technology Officer and Chairman of Space Exploration Technologies Corporation, an advanced rocket and spacecraft manufacturing and services company (“SpaceX ”), since May 2002, and served as Chairman of the Board of SolarCity Corporation, a solar installation company, from July 2006 until its acquisition by Tesla in November 2016. Elon is also a founder of The Boring Company, an infrastructure company, and of Neuralink Corp., a company focused on developing brain-machine interfaces. Prior to SpaceX, Elon co-founded PayPal, an electronic payment system, which was acquired by eBay in October 2002, and Zip2 Corporation, a provider of Internet enterprise software and services, which was acquired by Compaq in March 1999. Elon has also served on the board of directors of Endeavor Group Holdings, Inc. since April 2021. Elon holds a B.A. in physics from the University of Pennsylvania and a B.S. in business from the Wharton School of the University of Pennsylvania. | |||
====Chief Financial Officer==== | ====Chief Financial Officer==== | ||
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==== All periods ==== | ==== All periods ==== | ||
{| class="wikitable" | {| class="wikitable" | ||
|+ | |+Historic financials<ref>Source: Stockhub Limited</ref><ref group="Note" name="Note04" /> | ||
|- | |- | ||
!Year | !Year | ||
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!'''17''' | !'''17''' | ||
!18 | !18 | ||
!18 | |- | ||
!19 | |'''Year end date'''||'''31/12/2005'''||'''31/12/2006<ref name=":12">{{cite web|url=https://www.mercurynews.com/2014/07/14/2006-san-carlos-start-up-tesla-seeks-sexier-electric-car/|title=2006: San Carlos start-up Tesla seeks sexier electric car|date=July 14, 2014}}</ref><ref name="SEC">{{cite web | url=https://www.sec.gov/edgar/browse/?CIK=1318605 | title=Tesla, Inc. TSLA on Nasdaq | publisher=[[U.S. Securities and Exchange Commission]]}}</ref>'''||'''31/12/2007'''||'''31/12/2008'''||'''31/12/2009''' | ||
!20 | |'''31/12/2010<ref name="SEC" />''' | ||
!21 | |'''31/12/2011<ref name="SEC" />''' | ||
!22 | |'''31/12/2012<ref name="SEC" />''' | ||
|'''31/12/2013<ref name="SEC" />''' | |||
|'''31/12/2014<ref name="SEC" />''' | |||
|'''31/12/2015<ref name="SEC" />''' | |||
|'''31/12/2016<ref name="SEC" />''' | |||
|'''31/12/2017<ref name="SEC" />''' | |||
|'''31/12/2018<ref name="SEC" />''' | |||
|'''31/12/2019<ref name="SEC" />''' | |||
|'''31/12/2020<ref name="SEC" />''' | |||
|'''31/12/2021<ref name="SEC" />''' | |||
|'''31/12/2022''' | |||
|- | |||
| colspan="18" |<div style="text-align: center;">'''Income statement'''</div> | |||
| | |||
|- | |||
|Revenues ($'million)|| 0||0||0.073||15||112 | |||
|117 | |||
|204 | |||
|413 | |||
|2,013 | |||
|3,198 | |||
|4,046 | |||
|7,000 | |||
|11,759 | |||
|21,461 | |||
|24,578 | |||
|31,536 | |||
|53,823 | |||
|81,462 | |||
|- | |||
|Net profits ($'million)||style="color: red;" |-12||style="color: red;" |-30||style="color: red;" |-78||style="color: red;" |-83|| style="color: red;" |−56 | |||
|style="color: red;" |−154 | |||
|style="color: red;" |−254 | |||
|style="color: red;" |−396 | |||
|style="color: red;" |−74 | |||
|style="color: red;" |−294 | |||
|style="color: red;" |−889 | |||
|style="color: red;" |−675 | |||
|style="color: red;" |−1,962 | |||
|style="color: red;" |−976 | |||
|style="color: red;" |−862 | |||
|721 | |||
|5,519 | |||
|12,556 | |||
|- | |||
| colspan="18" |<div style="text-align: center;">'''Balance sheet'''</div> | |||
| | |||
|- | |||
|Total assets<br />($'million) | |||
|8 | |||
|44 | |||
|34 | |||
|52 | |||
|130 | |||
|386 | |||
|713 | |||
|1,114 | |||
|2,417 | |||
|5,831 | |||
|8,068 | |||
|22,664 | |||
|28,655 | |||
|29,740 | |||
|34,309 | |||
|52,148 | |||
|62,131 | |||
|82,338 | |||
|- | |||
| colspan="18" |<div style="text-align: center;">'''Other'''</div> | |||
| | |||
|- | |||
|Employees | |||
|NA | |||
|70 | |||
|268 | |||
|252 | |||
|514 | |||
|899 | |||
|1,417 | |||
|2,914 | |||
|5,859 | |||
|10,161 | |||
|13,058 | |||
|17,782 | |||
|37,543 | |||
|48,817 | |||
|48,016 | |||
|70,757 | |||
|99,290 | |||
|127,855 | |||
|} | |||
=== Forward === | |||
====What are the financial forecasts?==== | |||
{| class="wikitable" | |||
|+Forward financials<ref>Source: Stockhub Limited</ref><ref group="Note" name="Note04" /> | |||
|- | |||
!Year | |||
!18 !!19!!20!!21!!22 | |||
!23 | !23 | ||
!24 | !24 | ||
Line 660: | Line 757: | ||
!59 | !59 | ||
|- | |- | ||
|'''Year end date'''| | |'''Year end date'''||'''31/12/2022'''||'''31/12/2023'''||'''31/12/2024'''||'''31/12/2025'''||'''31/12/2026''' | ||
|'''31/12/2022''' | |||
| | |||
|'''31/12/2023''' | |||
|'''31/12/2024''' | |||
|'''31/12/2025''' | |||
|'''31/12/2026''' | |||
|'''31/12/2027''' | |'''31/12/2027''' | ||
|'''31/12/2028''' | |'''31/12/2028''' | ||
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|'''31/12/2063''' | |'''31/12/2063''' | ||
|- | |- | ||
| colspan="43" |<div style="text-align: center;">'''Income statement'''</div> | |||
| colspan=" | |||
|- | |- | ||
|Revenues ($'million)| | |Revenues ($'million)|| $78,935||$112,257||$154,816||$207,049||$268,527 | ||
|$78,935 | |||
|$112,257 | |||
|$154,816 | |||
|$207,049 | |||
|$268,527 | |||
|$337,721 | |$337,721 | ||
|$411,894 | |$411,894 | ||
Line 838: | Line 837: | ||
|$2 | |$2 | ||
|- | |- | ||
|Gross profits ($'million) | |Gross profits ($'million)||$23,680||$33,677||$46,445||$62,115||$80,558 | ||
| | |||
|$23,680 | |||
|$33,677 | |||
|$46,445 | |||
|$62,115 | |||
|$80,558 | |||
|$101,316 | |$101,316 | ||
|$185,352 | |$185,352 | ||
Line 900: | Line 876: | ||
|$1 | |$1 | ||
|- | |- | ||
|Operating profits ($'million) | |Operating profits ($'million)||$11,840||$16,839||$23,222||$31,057||$40,279 | ||
| | |||
|$11,840 | |||
|$16,839 | |||
|$23,222 | |||
|$31,057 | |||
|$40,279 | |||
|$50,658 | |$50,658 | ||
|$123,568 | |$123,568 | ||
Line 962: | Line 915: | ||
|$1 | |$1 | ||
|- | |- | ||
|Net profits ($'million)| | |Net profits ($'million)||$9,354||$13,302||$18,346||$24,535|| $31,820 | ||
|$9,354 | |||
|$13,302 | |||
|$18,346 | |||
|$24,535 | |||
|$31,820 | |||
|$40,020 | |$40,020 | ||
|$97,619 | |$97,619 | ||
Line 1,018: | Line 953: | ||
|$1 | |$1 | ||
|$0 | |$0 | ||
|} | |} | ||
=== What are the assumptions used to estimate the financial forecasts? === | ==== What are the assumptions used to estimate the financial forecasts?==== | ||
{| class="wikitable" | {| class="wikitable" |