$TSLA
Tesla Inc

2013 Q2 Form 10-Q Financial Statement

#000119312513212354 Filed on May 10, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q1
Revenue $405.1M $561.8M $30.17M
YoY Change 1420.05% 1762.27% -38.47%
Cost Of Revenue $304.7M $465.5M $19.96M
YoY Change 1291.7% 2232.37% -35.62%
Gross Profit $100.5M $96.32M $10.21M
YoY Change 2010.1% 843.39% -43.37%
Gross Profit Margin 24.8% 17.15% 33.84%
Selling, General & Admin $59.96M $47.05M $30.58M
YoY Change 66.18% 53.83% 27.43%
% of Gross Profit 59.67% 48.84% 299.53%
Research & Development $52.31M $54.86M $68.39M
YoY Change -30.11% -19.79% 66.81%
% of Gross Profit 52.06% 56.95% 669.84%
Depreciation & Amortization $20.20M $17.40M $3.800M
YoY Change 445.95% 357.89% -5.0%
% of Gross Profit 20.1% 18.06% 37.22%
Operating Expenses $112.3M $101.9M $98.97M
YoY Change 1.21% 2.96% 52.27%
Operating Profit -$11.79M -$5.584M -$88.76M
YoY Change -88.89% -93.71% 88.97%
Interest Expense $20.12M $118.0K $65.00K
YoY Change 23847.62% 81.54%
% of Operating Profit
Other Income/Expense, Net $1.668M $17.09M -$1.076M
YoY Change 141.39% -1688.38% 7.6%
Pretax Income -$30.20M $11.40M -$89.81M
YoY Change -71.37% -112.69% 83.29%
Income Tax $301.0K $151.0K $59.00K
% Of Pretax Income 1.32%
Net Earnings -$30.50M $11.25M -$89.87M
YoY Change -71.12% -112.52% 83.64%
Net Earnings / Revenue -7.53% 2.0% -297.92%
Basic Earnings Per Share $0.10 -$0.86
Diluted Earnings Per Share -$17.48K $0.00 -$0.86
COMMON SHARES
Basic Shares Outstanding 115.6M shares 114.7M shares 104.8M shares
Diluted Shares Outstanding 124.3M shares 104.8M shares

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $746.0M $214.0M $244.0M
YoY Change 253.55% -12.3% 141.58%
Cash & Equivalents $746.1M $214.4M $218.6M
Short-Term Investments $25.00M
Other Short-Term Assets $15.00M $28.00M $46.00M
YoY Change -48.28% -39.13% -16.36%
Inventory $254.9M $237.6M $55.00M
Prepaid Expenses
Receivables $113.5M $46.14M $14.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.130B $526.0M $359.0M
YoY Change 256.18% 46.52% 58.15%
LONG-TERM ASSETS
Property, Plant & Equipment $595.6M $582.0M $376.0M
YoY Change 41.18% 54.79% 145.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $24.20M $21.68M $26.00M
YoY Change 9.35% -16.6% -7.14%
Total Long-Term Assets $758.3M $617.8M $402.0M
YoY Change 64.94% 53.68% 123.33%
TOTAL ASSETS
Total Short-Term Assets $1.130B $526.0M $359.0M
Total Long-Term Assets $758.3M $617.8M $402.0M
Total Assets $1.888B $1.144B $761.0M
YoY Change 143.01% 50.3% 86.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $262.2M $304.2M $64.00M
YoY Change 233.62% 375.32% 28.0%
Accrued Expenses $55.13M $40.71M $146.0M
YoY Change 64.0% -72.12% 151.72%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.000M $50.84M $22.00M
YoY Change -83.16% 131.1%
Total Short-Term Liabilities $486.5M $535.6M $236.0M
YoY Change 69.81% 126.96% 108.85%
LONG-TERM LIABILITIES
Long-Term Debt $578.7M $388.8M $344.0M
YoY Change 46.09% 13.02% 233.98%
Other Long-Term Liabilities $115.6M $35.00M $27.00M
YoY Change 617.33% 29.64% 12.5%
Total Long-Term Liabilities $694.3M $423.8M $371.0M
YoY Change 68.42% 14.23% 192.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $486.5M $535.6M $236.0M
Total Long-Term Liabilities $694.3M $423.8M $371.0M
Total Liabilities $1.258B $975.2M $607.0M
YoY Change 76.09% 60.66% 152.92%
SHAREHOLDERS EQUITY
Retained Earnings -$1.085B -$1.054B
YoY Change 25.44%
Common Stock $121.0K $115.0K
YoY Change 15.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $629.4M $168.6M $154.0M
YoY Change
Total Liabilities & Shareholders Equity $1.888B $1.144B $761.0M
YoY Change 143.01% 50.3% 86.98%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income -$30.50M $11.25M -$89.87M
YoY Change -71.12% -112.52% 83.64%
Depreciation, Depletion And Amortization $20.20M $17.40M $3.800M
YoY Change 445.95% 357.89% -5.0%
Cash From Operating Activities -$38.00M $64.08M -$63.30M
YoY Change -41.54% -201.23% 47.21%
INVESTING ACTIVITIES
Capital Expenditures -$40.00M $57.73M $54.77M
YoY Change -31.03% 5.39% -373.87%
Acquisitions
YoY Change
Other Investing Activities $14.00M $2.000M -$11.00M
YoY Change -66.67% -118.18% -135.48%
Cash From Investing Activities -$27.00M -$55.24M -$66.23M
YoY Change 68.75% -16.6% -762.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $355.1M
YoY Change
Debt Paid & Issued, Net $12.71M
YoY Change
Cash From Financing Activities 597.0M 3.684M 92.83M
YoY Change 729.17% -96.03% 173.03%
NET CHANGE
Cash From Operating Activities -38.00M 64.08M -63.30M
Cash From Investing Activities -27.00M -55.24M -66.23M
Cash From Financing Activities 597.0M 3.684M 92.83M
Net Change In Cash 532.0M 12.53M -36.70M
YoY Change -6011.11% -134.14% -3769.6%
FREE CASH FLOW
Cash From Operating Activities -$38.00M $64.08M -$63.30M
Capital Expenditures -$40.00M $57.73M $54.77M
Free Cash Flow $2.000M $6.352M -$118.1M
YoY Change -128.57% -105.38% 413.37%

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CY2013Q1 us-gaap Nature Of Operations
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<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1. Overview of the Company</b></font></p> <!-- xbrl,body --> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Tesla Motors, Inc. (Tesla, we, us or our) was incorporated in the state of Delaware on July&#xA0;1, 2003. We design, develop, manufacture and sell high-performance fully electric vehicles and advanced electric vehicle powertrain components. We have wholly-owned subsidiaries in North America, Europe and Asia.&#xA0;The primary purpose of these subsidiaries is to market and/or service our vehicles.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Since inception, we have incurred significant losses and have used approximately $660.6 million of cash in operations through March&#xA0;31, 2013. As of March&#xA0;31, 2013, we had $214.4 million in cash and cash equivalents. We expect that our current sources of liquidity, including cash, cash equivalents, cash held in our dedicated Department of Energy (DOE) account, together with our current projections of cash flow from operating activities, will continue to provide us with adequate liquidity, based on our current plans. These capital sources will enable us to fund our ongoing operations, continue research and development projects and establish and expand our stores, service centers and Supercharger network.</font></p> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Restatement of Prior Year Amounts</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">We have restated the unaudited condensed consolidated statement of cash flows for the three months ended March&#xA0;31, 2012. Amounts related to purchases of property and equipment during the period that were not paid as of March&#xA0;31, 2012 were erroneously included as cash outflows from investing activities in our previously issued financial statements. This correction resulted in a $13.2 million decrease in purchases of property and equipment included in cash flows used in investing activities and a corresponding increase in the change in accounts payable resulting in an increase in cash flows used in operating activities. We have also corrected our supplemental disclosure of noncash acquisition of property and equipment by an increase of $27.7 million for the three months ended March&#xA0;31, 2012. There was no impact on previously reported total cash and cash equivalents, condensed consolidated balance sheet or condensed consolidated statement of operations.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">As detailed in the table below, the restatement impacted the following condensed consolidated cash flow line items (in thousands):</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px"> &#xA0;</p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="84%" align="center"> <!-- Begin Table Head --> <tr> <td width="70%"></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="10" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Three&#xA0;Months&#xA0;Ended</b></font><br /> <font style="FONT-FAMILY: Times New Roman" size="1"><b>March 31, 2012</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>As<br /> Previously<br /> Reported</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>Adjustment</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td style="BORDER-BOTTOM: #000000 1px solid" valign="bottom" colspan="2" align="center"><font style="FONT-FAMILY: Times New Roman" size="1"><b>As<br /> Restated</b></font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> </tr> <!-- End Table Head --><!-- Begin Table Body --> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Cash Flows From Operating Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Accounts payable and accrued liabilities</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">6,890</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(13,213</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(6,323</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Net cash used in operating activities</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(50,087</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(13,213</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(63,300</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Cash Flows From Investing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Purchases of property and equipment, excluding capital leases</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(67,987</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">13,213</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(54,774</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Net cash used in investing activities</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(79,440</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">13,213</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(66,227</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">)&#xA0;</font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Supplemental disclosure of noncash investing activities</b></font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 3em"><font style="FONT-FAMILY: Times New Roman" size="2">Acquisition of property and equipment</font></p> </td> <td valign="bottom"><font size="1">&#xA0;&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">520</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">27,747</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> <td valign="bottom"><font size="1">&#xA0;</font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">28,267</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">&#xA0;&#xA0;</font></td> </tr> <!-- End Table Body --></table> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Public Offering</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">On September&#xA0;25, 2012, we filed a registration statement on Form S-3 relating to a public offering of common stock. On October&#xA0;3, 2012, we completed the offering and sold a total of 7,964,601 shares of our common stock for total cash proceeds of $222.1 million (which includes 35,398 shares or $1.0 million sold to Elon Musk, our Chief Executive Officer and cofounder), net of underwriting discounts and offering costs.</font></p> </div>
CY2013Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
461818000
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
11248000
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2013Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
30105000
CY2013Q1 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
660600000
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
124265292 shares
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3684000
CY2013Q1 us-gaap Cost Of Services
CostOfServices
3654000
CY2013Q1 us-gaap Gross Profit
GrossProfit
96320000
CY2013Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11248000
CY2013Q1 us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
-8103000
CY2013Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2575000
CY2013Q1 us-gaap Operating Expenses
OperatingExpenses
101904000
CY2013Q1 us-gaap Revenues
Revenues
561792000
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
47045000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
151000
CY2013Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
10692000
CY2013Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
17903000
CY2013Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-2560000
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
57727000
CY2013Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2100000
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11248000
CY2013Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
555203000
CY2013Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14868000
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11399000
CY2013Q1 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Use of Estimates</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, and reported amounts of expenses during the reporting period, including revenue recognition, inventory valuation, warranties, fair value of financial instruments and stock-based compensation. Actual results could differ from those estimates.</font></p> </div>
CY2013Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
926000
CY2013Q1 us-gaap Interest Expense
InterestExpense
118000
CY2013Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
25661000
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
556000
CY2012Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
869000
CY2012Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
176000
CY2013Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
9834000
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
64079000
CY2013Q1 us-gaap Cost Of Revenue
CostOfRevenue
465472000
CY2013Q1 tsla Number Of Reporting Segments
NumberOfReportingSegments
1 Segment
CY2013Q1 tsla Class Of Warrant Or Rights Date By Which Warrants Or Rights Exercisable
ClassOfWarrantOrRightsDateByWhichWarrantsOrRightsExercisable
2023-12-15
CY2013Q1 tsla Increase Decrease In Inventories And Property Subject To Or Available For Operating Lease
IncreaseDecreaseInInventoriesAndPropertySubjectToOrAvailableForOperatingLease
-18220000
CY2013Q1 tsla Increase Decrease In Restricted Cash And Cash Equivalents
IncreaseDecreaseInRestrictedCashAndCashEquivalents
69000
CY2013Q1 tsla Minimum Percentage Of Capital Stock Held By Affiliates
MinimumPercentageOfCapitalStockHeldByAffiliates
0.65 pure
CY2013Q1 tsla Other Debt Issuance Cost
OtherDebtIssuanceCost
900000
CY2013Q1 tsla Changes In Fair Value Of Convertible Common Stock Warrant Liability
ChangesInFairValueOfConvertibleCommonStockWarrantLiability
-10692000
CY2012Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1076000
CY2012Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3800000
CY2012Q1 us-gaap Proceeds From Repayments Of Long Term Debt And Capital Securities
ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
-429000
CY2012Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
14000
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-66227000
CY2012Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
90000
CY2012Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
68391000
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104784343 shares
CY2012Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4050000
CY2012Q1 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
200000
CY2012Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
10922000
CY2012Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
484000
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
10711000
CY2012Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4163000
CY2012Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-36696000
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-88763000
CY2012Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-182000
CY2012Q1 us-gaap Inventory Write Down
InventoryWriteDown
2612000
CY2012Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.86
CY2012Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
13932000
CY2012Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-41000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-89873000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.86
CY2012Q1 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
28267000
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104784343 shares
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
92831000
CY2012Q1 us-gaap Cost Of Services
CostOfServices
6025000
CY2012Q1 us-gaap Gross Profit
GrossProfit
10210000
CY2012Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-89879000
CY2012Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
15000000
CY2012Q1 us-gaap Increase Decrease In Deferred Revenue And Customer Advances And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
21557000
CY2012Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2483000
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
98973000
CY2012Q1 us-gaap Revenues
Revenues
30167000
CY2012Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
30582000
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
59000
CY2012Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
155000
CY2012Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
8993000
CY2012Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
463000
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54774000
CY2012Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1600000
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-89873000
CY2012Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
19245000
CY2012Q1 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-6000
CY2012Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
14992000
CY2012Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10711000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-89814000
CY2012Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
948000
CY2012Q1 us-gaap Interest Expense
InterestExpense
65000
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-89873000
CY2012Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7271000
CY2012Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
790000
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-63300000
CY2012Q1 us-gaap Cost Of Revenue
CostOfRevenue
19957000
CY2012Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
84267000
CY2012Q1 tsla Increase Decrease In Inventories And Property Subject To Or Available For Operating Lease
IncreaseDecreaseInInventoriesAndPropertySubjectToOrAvailableForOperatingLease
5600000
CY2012Q1 tsla Increase Decrease In Restricted Cash And Cash Equivalents
IncreaseDecreaseInRestrictedCashAndCashEquivalents
10998000
CY2012Q1 tsla Changes In Fair Value Of Convertible Common Stock Warrant Liability
ChangesInFairValueOfConvertibleCommonStockWarrantLiability
-155000

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