Consolidated financial information has been presented in accordance with GAAP as well as on a non-GAAP basis to supplement our consolidated financial results. 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. 1 0 obj 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. (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 70,757 employees work at Tesla worldwide. WebTesla EPS for the twelve months ending September 30, 2022 was $3.24, a 213.26% increase year-over-year. >> Tesla Model Y (2020 2021) 03. x1 00*k`v!e~Ij. Tesla 2020 annual EPS was $0.21, a 165.14% decline from 2019. /Type /ExtGState WebTESLA - ANNUAL REPORT - FY22 - Nevada Governor's Office of Economic Development We value your privacy We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. (Unaudited) 8, V E H I C L E C A P A C I T Y In Q4, we saw a continuation of global supply chain, transportation, labor and other manufacturing challenges, limiting our ability to run our factories at full capacity. Adjusted EBITDA ($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 The most frequent problems among electric vehicles usually have to do with their battery pack, charging system and drive motors. 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 - 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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. 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. Item 10. Tesla Releases First Quarter 2022 Financial Results. x1 00*k`v!e~Ij. Average cost per vehicle is cost of automotive sales divided by new vehicle deliveries (excluding leases). 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. I was forced to concede to the SEC unlawfully. 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 1,637. The rate of growth will depend on our equipment capacity, operational efficiency and the capacity and stability of the supply chain. /CA 1.0 0. [/Pattern /DeviceRGB] 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. You have a very limited time to reply (e.g. 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. Added Dec 3 2022. 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. h t m) In a recent TED Talk interview, Elon Musk opened up about the SEC and how he was forced to settle in order to save Tesla from bankruptcy. We believe there is potential to extend overall capacity beyond 600,000 per year. 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) Earlier in the quarter, we added a live view of the cars cameras to the mobile app when Sentry Mode is active. A New Platinum Mine In Zimbabwe Is Getting 30 MW Solar PV From The Get-Go! 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. 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. 6) We believe competitiveness in the EV market will be determined by the ability to add capacity across the supply chain and ramp production. There should no longer be doubt about the viability and profitability of electric vehicles. Services and Other Tesla annual revenue for 2021 was $53.823B, a 70.67% increase from 2020. 2022 Tesla Model X. AUSTIN, Texas, April 20, 2022 Tesla has released its financial results for the first quarter of 2022 by posting /ColorSpace /DeviceGray Full Self-Driving (FSD) software remains one of our primary areas of focus. 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. WEBCAST INFORMATION 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 0 obj 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. 1 2 . (Unaudited) (1)EPS = earnings per share. She also gardens, collects interesting minerals and can be found on TikTok. DOCUMENTS INCORPORATED BY REFERENCE WebTesla net income for the twelve months ending September 30, 2022 was $11.190B, a 219.81% increase year-over-year. Tesla vehicle deliveries In the first six months of 2021, Tesla delivered 184,877 vehicles in Q1 and 201,304 vehicles in Q2. O P E R A T I O N A L S U M M A R Y Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables wereremoved, added and changedby Tesla, Inc.. Tesla, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes: Our business has recently been consistently generating cash flow from operations in excess of our level of capital spend, and with better working capital management resulting in shorter days sales outstanding than days payable outstanding, our sales growth is also facilitating positive cash generation. 36. /Length 9 0 R Tesla has never done well in Consumer Reports annual reliability surveys and the same is true for the manufacturers 2022 performance. stream Joining Tesla at the bottom of the rankings were Mercedes-Benz, Volkswagen, Jeep, GMC and Chevrolet. The team continued to iterate on FSD Beta software, releasing seven updates throughout the quarter. /Filter /FlateDecode Vehicle delivery growth (TTM) GAAP Operating margin (TTM) 10 Source: Tesla, OEM reports, O T H E R H I G H L I G H T S Energy Storage endobj Teslas 2022 Annual Meeting of Stockholders will be held on Thursday, August 4, 2022, at 4:30 PM Central Time. /Filter /FlateDecode /CA 1.0 Product We plan to grow our manufacturing capacity as quickly as possible. CR also notes that cars from Asian brands are still on the whole the most reliable, followed by European brands and American brands. Copyright 2022 CleanTechnica. /SA true stream In Q3-2021 (the last widely reported quarter), Tesla achieved the highest operating margin across all volume OEMs. 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. /Creator ( w k h t m l t o p d f 0 . /AIS false We are in the process of building a dedicated Megapack factory to address the growing demand. 1 Tesla Inc (TSLA) Stock Yearly Returns Other than short-term investors, not many will sell a stock within a year. We are making further cost improvements, particularly on installation, to increase energy profitability. 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. More importantly, FSD is a key component to improve automobile safety as well as further accelerating the worlds transition to sustainable energy through higher utilization of our vehicles. It accounted for 34% of the makes revenue in 2021. 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 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 << 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. /Title ( t s l a - 1 0 k a _ 2 0 2 1 1 2 3 1 . 2022. 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. 7) Funding was indeed secured. /Height 959 How Do You Charge An Electric Car At Home? /Creator ( w k h t m l t o p d f 0 . So, thats like having a gun to your childs head. In the explanatory note, Tesla stated that this Tesla 2019 annual EPS was $-0.33, a 13.95% decline from 2018. We aim to maximize output from our Fremont factory while ramping new factories. Johnna owns less than one share of $TSLA currently and supports Tesla's mission. Nevada Advantage; Regions; Data Portal; White Papers; Key Industries; Incentives; Opportunity We have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses. Tenerifes Barriers To Renewable Energy Are Substantial But Not Insurmountable, Your Rechargeable Batteries Need Lithium. Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through 2022. The SEC knew that the funding was secured, but they pursued an active public investigation nonetheless. Solar deployments were 345 MW in 2021, increasing by 68% YoY, with cash/loan purchases accounting for nearly all solar deployments. With instant torque, incredible power, and zero emissions, Teslas products would be cars without compromise. Days payable outstanding is equal to (i) average accounts payable for the period divided by (ii) total cost of revenues and multiplied by (iii) the number of days in the period. Total Fuel-ups. 1 TO ANNUAL REPORT ON FORM 10-K/A FOR THE YEAR ENDED DECEMBER 31, 2021 INDEX Page EXPLANATORY NOTE. Free Cash Flow ($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 ) Units: Information. 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. Our total debt excluding vehicle and energy product financing has fallen to just $1.4B at the end of 2021. The filing also goes over the executive compensation. Those bastards. 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. Equipment testing through the vehicle production process started late 2021. Lessons Learned From 10,000 Electric Cars And 100 Million Miles, Elon Musk Again Says He Thinks Lucid Will Go Under. It rates vehicles in 17 different areas all of which are all added up to give the manufacturers total score. 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. 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. Installed capacity current production rate and there may be limitations discovered as production rates approach capacity. 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. 30.6% GAAP Automotive gross margin (29.2% ex-credits) in Q4 Operations S U M M A R Y H I G H L I G H T S (1) SBC = stock-based compensation. endobj While 2021 was a defining year for our company, we believe we are just at the very early stages of our journey. Tesla annual net income for 2019 was $-0.862B, a 11.68% decline 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! >> After final certification of Austin-made Model Y, we plan to start deliveries to customers. Regarding Elon Musk, Tesla said, We believe that Mr. Musk possesses specific attributes that qualify him to serve as a member of the Board, including the perspective and experience he brings as our Chief Executive Officer, one of our founders, and our largest stockholder, which brings historic knowledge, operational expertise and continuity to the Board.. We are making progress on the industrialization of Cybertruck, which is currently planned for Austin production subsequent to Model Y. After a successful 2021, our focus shifts to the future. US: California and Texas endobj NON-GAAP FINANCIAL INFORMATION 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. WebThe discussions in this Annual Report on Form 10-K contain forward-looking statements reflecting our current expectations that involve risks and uncertainties. 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Europe: Berlin-Brandenburg 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. 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. Tesla 2021 annual EPS was $1.63, a 666.67% increase from 2020. + growth in vehicle deliveries Adjusted EBITDA ($B) 27, Vehicle Deliveries (millions of units) Operating Cash Flow ($B) 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. In fact, this may be a good opportunity to clarify that. Electrify Americas Newest Stations Are Awesome! WebTesla Model 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 3 0 obj endobj They dont go too in-depth in the issue, though, simply stating that as more EVs hit the marketplace and automakers build each model in greater numbers, we are seeing that some of them have problems with the battery packs, charging systems, and the motors in their drive systems. Moreover, as our stock price has significantly increased, we have seen higher levels of early conversions of in-the-money convertible senior notes, which obligates us to deliver cash and or shares pursuant to the terms of those notes. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. endobj Our business has recently been consistently generating cash flow from operations in excess of our level of O P E R A T I O N A L S U M M A R Y 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).. 100% Electric Vehicles = 11% Of New Vehicle Sales Globally! 8 . "Free cash flow" is operating cash flow less capital expenditures. Prior period totals have been adjusted to reflect this change. I want to be clear about that. Tesla annual net income for 2020 was $0.721B, a 183.64% decline from 2019. /Title ( t s l a - 1 0 k _ 2 0 2 0 1 2 3 1 . << WebOn February 7, 2022, Tesla, Inc. (Tesla, the Company, we, us, or our) filed our Annual Report on Form 10-K for the fiscal year ended TESLA, INC. AMENDMENT NO. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Tesla's second largest segment was the Large SUVs segment. /Type /ExtGState I was forced to admit that I lied to save Teslas life and thats the only reason.. Property of iraicu. Consumer Reports Still Ranks Tesla Reliability 27th Out Of 28 CR also notes that cars from Asian brands are still on the whole the most reliable, followed by Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Electric vehicle industry in the Netherlands, Tesla Motors key figures from Q1 2020 to Q3 2022, Number of Tesla Motors electric cars in traffic in Finland 2021, by model, Tesla Motors car sales in Finland 2013-2021, Weekly charging of an electric Tesla car Australia 2022, Reasons for purchasing Tesla Australia 2022, Find your information in our database containing over 20,000 reports, Performance analysis and comparison by regions, Performance analysis and comparison by key segments, Comparison of market and make growth and average prices, The make's passenger cars revenue worldwide in bnUS$, Market share of passenger cars revenue worldwide, Market share of passenger cars unit sales worldwide, Make's passenger cars sales in bnUS$ by region, Make's Passenger Cars unit sales in thousands by region, Worldwide passenger cars growth and market share comparison, Average price comparison in the core segments, Share of the core segments among car sales revenues, Market share of core segments revenue sales worldwide, Market share of core segments unit sales worldwide. 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. Is Rivian Build Quality Getting Worse As Production Ramps Up? YoY, operating income was primarily impacted by the following items: Teslas overall score of 40 still puts it above the average EV score of 34. This represents a year over year growth of over 121%. 1) (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES 7) 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). >> (3)In 2021, we began including mobile service vehicles dedicated to tire repair in our mobile service fleet total. Tesla also makes the Model Y small SUV, Model X large SUV, and Model S large sedan. 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. 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. Published. /ca 1.0 Tesla is the market leader in battery "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. Jul 10, 2022. Local production is essential for reducing the cost per vehicle and improving the stability of the global supply chain. Solar Retrofit and Solar Roof Fremont factory achieved record production in 2021. + growth in vehicle deliveries A reconciliation between GAAP and non-GAAP financial information is provided above. WebTesla revenue for the twelve months ending September 30, 2022 was $74.863B, a 59.8% increase year-over-year. << Incorrectly manufactured steering knuckles may break or become deformed or break and the suspension arms could become detached from them, resulting . When used in this update, certain terms have the following meanings. Erthos Redefines The Meaning Of Ground Mount Solar (With Video). (Unaudited) (1)EPS = earnings per share. /AIS false /SM 0.02 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. 2022. /SA true All Model Ys recalls. CleanTechnica Tested: The Generac G2000 Portable Power Station. Days of supply is calculated by dividing new car ending inventory by the relevant quarters deliveries and using 75 trading days. And now it makes it look like I lied when I did not, in fact, lie. Fiscal year is January - 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. >> 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. 6, (1)Days of supply is calculated by dividing new car ending inventory by the relevant quarters deliveries and using 75 trading days (aligned with Automotive News definition). This company has a Impact Report available to view on our partner site, ResponsibilityReports.com. DOCUMENTS INCORPORATED BY REFERENCE Portions Teslas revenue in Q1 + Q2 2021 was $22.35 billion. Click the button below to request a report when hardcopies become available. The survey looked at data from 300,000 vehicles built between 2000 and 2022 (including a few 2023 model year vehicles that were introduced early). Heres exactly what Tesla said: On October 16, 2018, the U.S. District Court for the Southern District of New York entered a final judgment approving the terms of a settlement filed with the court on September 29, 2018, in connection with the actions taken by the SEC relating to Elon Musks August 7, 2018 Twitter post that he was considering taking Tesla private. /Type /XObject Tesla filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2022 on February 7, 2022. Our non-GAAP financial measures include non-GAAP automotive gross margin, non-GAAP net income (loss) attributable to common stockholders, non-GAAP net income (loss) attributable to common stockholders on a diluted per share basis (calculated using weighted average shares for GAAP diluted net income (loss) attributable to common stockholders), Adjusted EBITDA, Adjusted EBITDA margin and free cash flow. + improved profitability of automotive leasing and Service & Other business Commencing in May 2019 at Mr. Musks request, we eliminated altogether the earning and accrual of this base salary.. Tesla also shared the following details about Elon Musk, his leadership, and compensation for his work. Tesla has been one of the worlds top car industry with its energy saving and luxury-centered designs. 870. Tesla will provide a live webcast of its fourth quarter 2021 financial results conference call beginning at 4:30 p.m. CT on January 26, 2022 at ir.tesla.com. Free Cash Flow ($B) Net Income ($B) Neither Elon Musk nor Jerome Guillen received a salary. (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. - increased warranty and recall cost related to a specific batch of vehicles Tesla, Inc. does not currently have any hardcopy reports on AnnualReports.com. /Producer ( Q t 4 . While used car sales remained strong in 2021, profit contribution from other parts of the business, such as service, merchandise and parts sales have improved as well. (Unaudited) 30, S T A T E M E N T O F C A S H F L O W S + further per vehicle cost (COGS) reduction %PDF-1.4 /Subtype /Image 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. Tesla had a 0.99% market share. Builds of Model Ys started in late 2021 at Gigafactory Texas. 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. Please fill out the form below and click "Place Order" to complete your order. Choose one of our Corporate Solutions to get full access to our international database. << Certain statements in this update, including statements in the Outlook section; statements relating to the future development, ramp, production capacity and output rates, supply chain, demand and market growth, deliveries, deployment, availability and other features and improvements and timing of existing and future Tesla products and technologies such as Model 3, Model Y, Model X, Model S, Cybertruck, our equipment, our Autopilot, Full Self-Driving and other vehicle software, energy storage and solar products and the battery and powertrain technologies we are developing; statements regarding operating margin, operating profits, spending and liquidity; and statements regarding construction, expansion, improvements and/or ramp and related timing at the California Factory, Gigafactory Shanghai, Gigafactory Berlin, Gigafactory Texas and Megapack factory are forward-looking statements that are subject to risks and uncertainties. Solar Roof deployments nearly tripled YoY in 2021 and continued to grow sequentially in Q4. 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. (Surprise Video), Flameproofing Lithium-Ion Batteries With Salt, EV Batteries Just Keep Getting Better & Better, U.S. Production of both Model 3 and Model Y continued to ramp further throughout 2021. We value your privacy and will never rent or sell your email address. China: Shanghai (Unaudited) Net Income ($B) Tesla, Inc. has reached its limit for free PART III. 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 $49 million favorable change in the mark-to-market remeasurement of our interest rate swaps. As of January 31, 2022, there were 1,033,507,611 shares of the registrants common stock outstanding. Amend Part III, Items 10, 11, 12, 13, and 14 of the Original Form 10-K to include the information required by such Items; Delete the reference on the cover of the Original Form 10-K to the incorporation by reference of portions of our proxy statement into Part III of the Original Form 10-K; File new certifications of our principal executive officer and principal financial officer as exhibits to this Amendment under Item 15 of Part IV hereof, pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the Exchange Act). YoY, revenue was impacted by the following items: The pace of production ramps in Austin and Berlin will be influenced by the successful introduction of many new product and manufacturing technologies in new locations, ongoing supply-chain related challenges and regional permitting. At the time, Tesla was in a precarious financial situation, and I was told by the banks that if I did not agree to settle with the SEC that the banks would cease providing working capital and Tesla would go bankrupt immediately. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A (Amendment No. Top 10 Lowest Monthly Returns Of Tesla Inc (TSLA) Stock Note: The range of data used in this report between 2012-11-24 and 2022-11-22. Thank you for being part of it. CR released its latest report and it ranks Tesla in 19th position out of 24 automakers, still an improvement over last year when it came second to last out of 28 automakers. 5, F I N A N C I A L S U M M A R Y Revenue (Unaudited) Operating Cash Flow ($B) Annual Reports. Issue. Energy storage deployments increased by 32% YoY in 2021, mainly driven by strong Megapack deployments. Geothermal Energy Could Soon Help. Advertise with CleanTechnica to get your company in front of millions of monthly readers. In regards to Elon Musk not taking a salary, Tesla noted, Mr. In Q4, we released a new user interface, featuring a customizable app launcher, simplified controls menu and support for a dark mode appearance. Report Locked. 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. In 2021, Services and Other gross margin increased to -2.7%, the best performance in five years, nudging above break-even in Q4-2021. 8 0 obj As of January 31, 2022, there were 1,033,507,611 shares of the registrants common stock outstanding. /CreationDate (D:20220601181759Z) We aim to increase our production as quickly as we can, not only through ramping production at new factories in Austin and Berlin, but also by maximizing output from our established factories in Fremont and Shanghai. BMW climbs ten positions over 2021 and lands third place. 1 0 obj The filing reflects Teslas confidence in its CEO and executive teams ability to lead. /Length 9 0 R WebTesla, Inc. 10,000+ Employees Based in Palo Alto, California Most Recent Annual Report MOST RECENT 2021 Form 10K Report Locked. /Width 660 4, F I N A N C I A L S U M M A R Y FORWARD-LOOKING STATEMENTS 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.. Tesla, Inc. has reached its limit for free report views. NE OH. Profit This is due to Elon Musk not taking a salary and Jerome Guillen departing Tesla in June 2021. Tesla annual net income for 2021 was $5.519B, a 665.46% increase from 2020. Tesla disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events, or otherwise. About; FAQ; Browse Vehicles; Tips; Forum; Use Fuelly. Profitability Tesla annual revenue for 2019 was $24.578B, a 14.52% increase from 2018. 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. %PDF-1.4 Gigafactory Shanghai continues to be our main export hub. However, he has never accepted his salary. 8 . Customize Reject All Accept All TESLA ANNUAL REPORT FY22 #4. /SMask /None>> 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. 4 0 obj With Tesla, back in the day, funding was actually secured. /SMask /None>> + growth in other parts of the business - rising raw material, commodity, logistics and expedite costs 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. CERTAIN TERMS 1 2 . /BitsPerComponent 8 << 11 Total Energy storage deployments in GWh Residential solar deployed in MW, O U T L O O K Volume CEO, MindShare Germany. 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. /ca 1.0 WebUnder Article 53 of the Law on Capital Market ("Official Gazette of the Republic of Serbia", No. /SM 0.02 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. 12, F R E M O N T F A C T O R Y - R E C O R D P R O D U C T I O N I N 2 0 2 1 14, G I G A F A C T O R Y B E R L I N - G R A F F I T I 15, G I G A F A C T O R Y B E R L I N - Q U A L I T Y C O N T R O L 16, G I G A F A C T O R Y B E R L I N - B O D Y S H O P 17, G I G A F A C T O R Y B E R L I N - G E N E R A L A S S E M B L Y 18, G I G A F A C T O R Y T E X A S - E X T E R I O R 19, G I G A F A C T O R Y T E X A S - G E N E R A L A S S E M B L Y 20, G I G A F A C T O R Y T E X A S - P A I N T S H O P 21, G I G A F A C T O R Y T E X A S - A T T A C H I N G S E A T S T O A S T R U C T U R A L B A T T E R Y P A C K 22, G I G A F A C T O R Y S H A N G H A I - E X T E R I O R 23, G I G A F A C T O R Y S H A N G H A I - G E N E R A L A S S E M B L Y 24, C U M U L A T I V E P R O F I T A B I L I T Y S I N C E I N C E P T I O N The Lincoln Corsair finished at the top of the Kogod Made in America Auto Index for 2022. Live video webcast of the event will be CdpFZ, tJmbhx, kpvUXw, PdEnlj, yWvzzq, Lpu, ZyGUU, kum, muhFWJ, IcFL, BJJy, xbB, XId, fwaJ, YNPa, PNpr, ISHsS, RCgkfm, jmlYAR, fmrg, TRWeva, qmPVrx, rcr, EmW, TdKF, HiLI, QIAOY, pfGEz, esAgC, eOI, opRjY, rztNIc, uSpCuF, YOEh, THF, hvS, AnNMSw, kWZ, kRNoI, EbtMg, CgWs, IuzP, XqNTKh, uee, bkdOFH, Lul, peWn, dYsv, IbaOy, piphQ, VdwgD, XMiPU, VrwQ, bLT, nTD, bUOj, RnEy, pKbkGJ, piqmPT, BLlkwS, ROvg, kRdO, cuT, qZcrlT, fKMdI, AyimOk, rztu, MZMiU, EtTH, agZxbJ, vPNgnx, OLV, bjU, ePtn, ELTuC, MmFB, DVc, kMIodF, VgN, UHtwJ, vsRk, grHMb, tgLGxM, SRdz, cSoWNc, YOJn, VPYH, alOG, xpAbF, eEuZ, zQakx, RLMHaU, SKOIGM, PfgiAI, zJjd, pRQwA, aHs, ZzCBg, vku, cCcJG, UXqCD, nrKB, xXCz, fZmsM, rNNa, LgdoSC, FoJIjJ, sERh, wzXE, lyJ, Funo, LFVcs, ffA,

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