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Tesla Inc (OQ:TSLA)

Business Focus: Electrical (Alternative) Vehicles

Sector:  Consumer Cyclicals Industry:  Auto & Truck Manufacturers
 
See Regulatory Filings on SEC
Company Contact
Address: 1 Tesla Road
AUSTIN TX 78725
Tel: N/A
Website: https://www.tesla.com
IR: See website
Key People
Elon R. Musk
Chief Executive Officer, Director
Zachary Kirkhorn
Master of Coin and Chief Financial Officer
Andrew D. Baglino
Senior Vice President - Powertrain and Energy Engineering
Business Overview
Tesla, Inc. designs, develops, manufactures, sells and leases fully electric vehicles and energy generation and storage systems, and offer services related to its products. The Company's automotive segment includes the design, development, manufacturing, sales, and leasing of electric vehicles as well as sales of automotive regulatory credits. Additionally, the automotive segment is also comprised of services and other, which includes non-warranty after-sales vehicle services, sales of used vehicles, retail merchandise, sales by its acquired subsidiaries to third party customers, and vehicle insurance. Its energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its automotive products include Model 3, Model Y, Model S and Model X. Powerwall and Megapack are its lithium-ion battery energy storage products.
Financial Overview
For the fiscal year ended 31 December 2022, Tesla Inc revenues increased 51% to $81.46B. Net income increased from $5.52B to $12.58B. Revenues reflect Automotive segment increase of 52% to $77.55B, Energy generation and storage segment increase of 40% to $3.91B, United States segment increase of 69% to $40.55B, Other segment increase of 42% to $22.76B. Net income benefited from Stock-based Compensation in SGA decrease of 66% to $430M (expense).