Tesla Files 2024 10-K: Key Financials Revealed

TL;DR

Tesla's 2024 10-K is in. Full financials for the year ending Dec 31, 2024, are now public.

AI Summary

Tesla, Inc. filed its 2024 10-K on January 30, 2025, reporting on its fiscal year ending December 31, 2024. The filing details the company's financial performance and business operations, including its primary focus on motor vehicles and passenger car bodies. Key financial data and operational aspects are presented for investors and regulatory review.

Why It Matters

This 10-K filing provides a comprehensive overview of Tesla's financial health and strategic direction for the past fiscal year, crucial for investors assessing the company's performance and future prospects.

Risk Assessment

Risk Level: medium — As a publicly traded company in the automotive and energy sectors, Tesla faces inherent market, operational, and regulatory risks detailed in its 10-K.

Key Numbers

• 2024 — Fiscal Year (The period covered by the 10-K filing.)
• 1231 — Fiscal Year End (Indicates the end date of the reporting period.)

Key Players & Entities

• Tesla, Inc. (company) — Filer of the 10-K
• 2024-12-31 (date) — Fiscal year end
• 2025-01-30 (date) — Filing date
• MOTOR VEHICLES & PASSENGER CAR BODIES (industry) — Standard Industrial Classification

FAQ

Filing Documents

• tsla-20241231.htm (10-K) — 2536KB
• ex41.htm (EX-4.1) — 11KB
• tsla-2024x12x31xex472.htm (EX-4.72) — 17KB
• tsla-2024x12x31xex19.htm (EX-19) — 140KB
• tsla-2024x12x31xex211.htm (EX-21.1) — 217KB
• tsla-2024x12x31xex231.htm (EX-23.1) — 2KB
• tsla-2024x12x31xex311.htm (EX-31.1) — 10KB
• tsla-2024x12x31xex312.htm (EX-31.2) — 10KB
• tsla-2024x12x31xex321.htm (EX-32.1) — 6KB
• ex41001.jpg (GRAPHIC) — 229KB
• ex41002.jpg (GRAPHIC) — 141KB
• tsla-20241231_g1.jpg (GRAPHIC) — 205KB
• 0001628280-25-003063.txt ( ) — 15419KB
• tsla-20241231.xsd (EX-101.SCH) — 86KB
• tsla-20241231_cal.xml (EX-101.CAL) — 138KB
• tsla-20241231_def.xml (EX-101.DEF) — 438KB
• tsla-20241231_lab.xml (EX-101.LAB) — 1051KB
• tsla-20241231_pre.xml (EX-101.PRE) — 729KB
• tsla-20241231_htm.xml (XML) — 2523KB

Business

Business 2 Item 1A.

Risk Factors

Risk Factors 13 Item 1B. Unresolved Staff Comments 27 Item 1 C. Cybersecurity 28 Item 2.

Properties

Properties 29 Item 3.

Legal Proceedings

Legal Proceedings 29 Item 4. Mine Safety Disclosures 29 PART II. Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 30 Item 6. [Reserved] 31 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 44 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 45 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 91 Item 9A.

Controls and Procedures

Controls and Procedures 91 Item 9B. Other Information 92 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 92 PART III. Item 10. Directors, Executive Officers and Corporate Governance 93 Item 11.

Executive Compensation

Executive Compensation 93 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 93 Item 13. Certain Relationships and Related Transactions, and Director Independence 93 Item 14. Principal Accountant Fees and Services 93 PART IV. Item 15. Exhibits and Financial Statement Schedules 94 Item 16. Form 10-K Summary 107

Signatures

Signatures Table of Contents

Forward-Looking Statements

Forward-Looking Statements The discussions in this Annual Report on Form 10-K contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future and management's current expectations, involve certain risks and uncertainties and are not guarantees. These forward-looking statements include, but are not limited to, statements concerning supply chain constraints, our strategy, competition, future operations and production capacity, future financial position, future revenues, projected costs, profitability, expected cost reductions, capital adequacy, expectations regarding demand and acceptance for our technologies, growth opportunities and trends in the markets in which we operate, prospects and plans and objectives of management. The words "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "projects," "will," "would," "predicts" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Future results may differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make. These forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those in the forward-looking statements, including, without limitation, the risks set forth in Part I, Item 1A, "Risk Factors" of the Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and that are otherwise described or updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"). The discussion of such risks is not an indication th

BUSINESS

ITEM 1. BUSINESS Overview We design, develop, manufacture, sell and lease high-performance fully electric vehicles and energy generation and storage systems, and offer services related to our products. We generally sell our products directly to customers, and continue to grow our customer-facing infrastructure through a global network of vehicle showrooms and service centers, Mobile Service, body shops, Supercharger stations and Destination Chargers to accelerate the widespread adoption of our products. We emphasize performance, attractive styling and the safety of our users and workforce in the design and manufacture of our products and are continuing to develop full self-driving technology for improved safety. We also strive to lower the cost of ownership for our customers through continuous efforts to reduce manufacturing costs and by offering financial and other services tailored to our products. Our mission is to accelerate the world's transition to sustainable energy. We believe that this mission, along with our engineering expertise, vertically integrated business model and focus on user experience differentiate us from other companies. Segment Information We operate as two reportable segments: (i) automotive and (ii) energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles as well as sales of automotive regulatory credits. Additionally, the automotive segment also includes services and other, which includes sales of used vehicles, non-warranty maintenance services and collision, part sales, paid Supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment includes 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. Our Products and Services Automotive We currently ma

View Full Filing

View this 10-K filing on SEC EDGAR