2016 Q1 Form 10-Q Financial Statement
#000156459016018886 Filed on May 10, 2016
Income Statement
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| Revenue | $1.147B | $939.9M |
| YoY Change | 22.04% | 51.46% |
| Cost Of Revenue | $894.6M | $679.8M |
| YoY Change | 31.59% | 46.07% |
| Gross Profit | $252.5M | $260.1M |
| YoY Change | -2.92% | 67.65% |
| Gross Profit Margin | 22.01% | 27.67% |
| Selling, General & Admin | $318.2M | $195.4M |
| YoY Change | 62.88% | 66.2% |
| % of Gross Profit | 126.04% | 75.12% |
| Research & Development | $182.5M | $167.2M |
| YoY Change | 9.17% | 104.99% |
| % of Gross Profit | 72.28% | 64.27% |
| Depreciation & Amortization | $99.20M | $52.10M |
| YoY Change | 90.4% | 80.28% |
| % of Gross Profit | 39.29% | 20.03% |
| Operating Expenses | $500.7M | $362.5M |
| YoY Change | 38.11% | 82.08% |
| Operating Profit | -$248.2M | -$102.4M |
| YoY Change | 142.3% | 133.01% |
| Interest Expense | $40.63M | $26.57M |
| YoY Change | 52.87% | 123.63% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $9.177M | -$22.31M |
| YoY Change | -141.14% | -432.02% |
| Pretax Income | -$278.4M | -$151.1M |
| YoY Change | 84.21% | 208.51% |
| Income Tax | $3.846M | $3.040M |
| % Of Pretax Income | ||
| Net Earnings | -$282.3M | -$154.2M |
| YoY Change | 83.08% | 209.6% |
| Net Earnings / Revenue | -24.61% | -16.4% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$141.7K | -$81.52K |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.442B | $1.510B |
| YoY Change | -4.5% | -41.54% |
| Cash & Equivalents | $1.442B | $1.510B |
| Short-Term Investments | ||
| Other Short-Term Assets | $178.0M | $157.0M |
| YoY Change | 13.38% | 214.0% |
| Inventory | $1.302B | $1.055B |
| Prepaid Expenses | ||
| Receivables | $318.0M | $200.0M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $3.240B | $2.921B |
| YoY Change | 10.92% | -7.45% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $5.837B | $3.136B |
| YoY Change | 86.13% | 269.21% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $115.0M | $62.00M |
| YoY Change | 85.48% | 71.54% |
| Total Long-Term Assets | $5.952B | $3.199B |
| YoY Change | 86.06% | 137.96% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $3.240B | $2.921B |
| Total Long-Term Assets | $5.952B | $3.199B |
| Total Assets | $9.192B | $6.120B |
| YoY Change | 50.2% | 35.99% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.013B | $732.0M |
| YoY Change | 38.39% | 94.8% |
| Accrued Expenses | $345.0M | $270.0M |
| YoY Change | 27.78% | 109.83% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $635.0M | $630.0M |
| YoY Change | 0.79% | 5.35% |
| Total Short-Term Liabilities | $3.188B | $2.192B |
| YoY Change | 45.41% | 55.11% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.527B | $1.954B |
| YoY Change | 29.32% | 28.56% |
| Other Long-Term Liabilities | $426.6M | $228.4M |
| YoY Change | 86.81% | 221.78% |
| Total Long-Term Liabilities | $426.6M | $228.4M |
| YoY Change | 86.81% | -85.65% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.188B | $2.192B |
| Total Long-Term Liabilities | $426.6M | $228.4M |
| Total Liabilities | $8.179B | $5.240B |
| YoY Change | 56.09% | 48.92% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$2.605B | |
| YoY Change | ||
| Common Stock | $3.561B | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $970.4M | $826.0M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $9.192B | $6.120B |
| YoY Change | 50.19% | 35.99% |
Cashflow Statement
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$282.3M | -$154.2M |
| YoY Change | 83.08% | 209.6% |
| Depreciation, Depletion And Amortization | $99.20M | $52.10M |
| YoY Change | 90.4% | 80.28% |
| Cash From Operating Activities | -$250.0M | -$132.0M |
| YoY Change | 89.39% | -317.68% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $216.9M | $426.1M |
| YoY Change | -49.1% | 201.39% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$17.00M | -$6.000M |
| YoY Change | 183.33% | -96.81% |
| Cash From Investing Activities | -$234.0M | -$432.0M |
| YoY Change | -45.83% | 31.24% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 715.0M | 186.0M |
| YoY Change | 284.41% | -89.76% |
| NET CHANGE | ||
| Cash From Operating Activities | -250.0M | -132.0M |
| Cash From Investing Activities | -234.0M | -432.0M |
| Cash From Financing Activities | 715.0M | 186.0M |
| Net Change In Cash | 231.0M | -378.0M |
| YoY Change | -161.11% | -124.42% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$250.0M | -$132.0M |
| Capital Expenditures | $216.9M | $426.1M |
| Free Cash Flow | -$466.9M | -$558.1M |
| YoY Change | -16.34% | 591.32% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016Q1 | tsla |
Resale Value Guarantees Current Portion
ResaleValueGuaranteesCurrentPortion
|
192423000 | |
| CY2015Q4 | tsla |
Resale Value Guarantees Current Portion
ResaleValueGuaranteesCurrentPortion
|
136831000 | |
| CY2016Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
635285000 | |
| CY2015Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
627927000 | |
| CY2016Q1 | tsla |
Sales Revenue Services And Other Net
SalesRevenueServicesAndOtherNet
|
120984000 | |
| CY2015Q1 | tsla |
Sales Revenue Services And Other Net
SalesRevenueServicesAndOtherNet
|
46560000 | |
| CY2016Q1 | us-gaap |
Revenues
Revenues
|
1147048000 | |
| CY2015Q1 | us-gaap |
Revenues
Revenues
|
939880000 | |
| CY2016Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
2484329000 | |
| CY2016Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
779316000 | |
| CY2015Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
631745000 | |
| CY2016Q1 | tsla |
Cost Of Services And Other
CostOfServicesAndOther
|
115264000 | |
| CY2015Q1 | tsla |
Cost Of Services And Other
CostOfServicesAndOther
|
48062000 | |
| CY2016Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
894580000 | |
| CY2015Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
679807000 | |
| CY2016Q1 | us-gaap |
Gross Profit
GrossProfit
|
252468000 | |
| CY2015Q1 | us-gaap |
Gross Profit
GrossProfit
|
260073000 | |
| CY2016Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
182482000 | |
| CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
970365000 | |
| CY2016Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9191702000 | |
| CY2015Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
167154000 | |
| CY2016Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
318210000 | |
| CY2015Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
195365000 | |
| CY2016Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
13565000 | |
| CY2016Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
426611000 | |
| CY2015Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
2021093000 | |
| CY2016Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
6936950000 | |
| CY2015Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
47285000 | |
| CY2016Q1 | tsla |
Resale Value Guarantees Noncurrent Portion
ResaleValueGuaranteesNoncurrentPortion
|
1583075000 | |
| CY2015Q4 | tsla |
Resale Value Guarantees Noncurrent Portion
ResaleValueGuaranteesNoncurrentPortion
|
1293741000 | |
| CY2015Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
364976000 | |
| CY2016Q1 | us-gaap |
Liabilities
Liabilities
|
8178711000 | |
| CY2016Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2015Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2016Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
2000000000 | |
| CY2016Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
42626000 | |
| CY2016Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
| CY2016Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
134000 | |
| CY2016Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-2604590000 | |
| CY2016Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
3561256000 | |
| CY2016Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | |
| CY2016Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2016Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
| CY2016Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2016Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
133858000 | |
| CY2016Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
133858000 | |
| CY2016Q1 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
1026064000 | |
| CY2016Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
500692000 | |
| CY2015Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
362519000 | |
| CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-248224000 | |
| CY2015Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-102446000 | |
| CY2016Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1251000 | |
| CY2015Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
184000 | |
| CY2016Q1 | us-gaap |
Interest Expense
InterestExpense
|
40625000 | |
| CY2015Q1 | us-gaap |
Interest Expense
InterestExpense
|
26574000 | |
| CY2016Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
9177000 | |
| CY2015Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-22305000 | |
| CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-278421000 | |
| CY2015Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-151141000 | |
| CY2016Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3846000 | |
| CY2015Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3040000 | |
| CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-282267000 | |
| CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-154181000 | |
| CY2016Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-2.13 | |
| CY2015Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-1.22 | |
| CY2016Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
132676000 | |
| CY2015Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
125947000 | |
| CY2016Q1 | tsla |
Other Comprehensive Income Unrealized Gain Loss On Derivatives And Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesAndSecuritiesArisingDuringPeriodNetOfTax
|
20805000 | |
| CY2015Q1 | tsla |
Other Comprehensive Income Unrealized Gain Loss On Derivatives And Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesAndSecuritiesArisingDuringPeriodNetOfTax
|
204000 | |
| CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-3684000 | |
| CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-15943000 | |
| CY2015Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-170124000 | |
| CY2015Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
77112000 | |
| CY2015Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
43026000 | |
| CY2015Q1 | tsla |
Amortization Of Debt Discount Less Capitalized Interest
AmortizationOfDebtDiscountLessCapitalizedInterest
|
17941000 | |
| CY2015Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
5901000 | |
| CY2016Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-26171000 | |
| CY2015Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-2753000 | |
| CY2016Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-7135000 | |
| CY2015Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-2862000 | |
| CY2016Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
9356000 | |
| CY2015Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-27977000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
159327000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2175000 | |
| CY2016Q1 | tsla |
Increase Decrease In Inventories And Property Subject To Or Available For Operating Lease
IncreaseDecreaseInInventoriesAndPropertySubjectToOrAvailableForOperatingLease
|
512671000 | |
| CY2015Q1 | tsla |
Increase Decrease In Inventories And Property Subject To Or Available For Operating Lease
IncreaseDecreaseInInventoriesAndPropertySubjectToOrAvailableForOperatingLease
|
307209000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
9134000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
43475000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
6862000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
6055000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
60593000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
47493000 | |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-233819000 | |
| CY2016Q1 | us-gaap |
Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
|
241763000 | |
| CY2016Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1038000 | |
| CY2015Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
958000 | |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
715435000 | |
| CY2015Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
186156000 | |
| CY2016Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
12870000 | |
| CY2015Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-17655000 | |
| CY2016Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
244881000 | |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-395637000 | |
| CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1905713000 | |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1510076000 | |
| CY2016Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
235829000 | |
| CY2015Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
|
235582000 | |
| CY2016Q1 | tsla |
Non Cash Estimated Fair Market Value Of Manufacturing Facility
NonCashEstimatedFairMarketValueOfManufacturingFacility
|
39034000 | |
| CY2015Q1 | tsla |
Non Cash Estimated Fair Market Value Of Manufacturing Facility
NonCashEstimatedFairMarketValueOfManufacturingFacility
|
29212000 | |
| CY2016Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Note 1 - Overview of the Company </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Tesla Motors, Inc. (Tesla, we, us or our) was incorporated in the state of Delaware on July 1, 2003. We design, develop, manufacture and sell high-performance fully electric vehicles and Tesla Energy products. We have wholly-owned subsidiaries in North America, Europe and Asia. The primary purpose of these subsidiaries is to market, manufacture, sell and/or service our vehicles and Tesla Energy products.</p> <p style="Background-color:#FFFFFF;margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;color:#000000;font-size:1pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:1pt;"> </p></div> | |
| CY2016Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">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 and accompanying notes. Estimates are used for, but not limited to, <font style="color:#000000;">determining the selling price of products and services in multiple element revenue arrangements and determining the amortization period of these elements</font>, residual value of operating lease vehicles, inventory valuation, warranties, fair value of financial instruments, depreciable lives of property and equipment, inputs used to value stock-based compensation including volatility, lives of stock option awards and forfeiture rates, income taxes, and contingencies. Actual results could differ from those estimates. </p></div> | |
| CY2016Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentration of Risk </p> <p style="margin-bottom:0pt;margin-top:6pt;margin-left:2.27%;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Credit Risk </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject us to a concentration of credit risk consist of cash, cash equivalents, restricted cash and accounts receivable. Our cash equivalents are primarily invested in money market funds with high credit quality financial institutions in the United States. At times, these deposits and securities may be in excess of insured limits. We invest cash not required for use in operations in high credit quality securities based on our investment policy. Our investment policy provides guidelines and limits regarding credit quality, investment concentration, investment type, and maturity that we believe will provide liquidity while reducing risk of loss of capital. Our investments are currently of a short-term nature and include U.S. treasury bills. </p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of March 31, 2016 and December 31, 2015, our accounts receivable were derived primarily from amounts to be received from financial institutions and leasing companies offering various financing products to our customers, sales of regulatory credits, as well as the development and sales of powertrain components and systems to automotive original equipment manufacturers (OEMs). <font style="color:#000000;">As of March 31, 2016, we had an increase in receivables due from credit card companies due to Model 3 reservations and collectively, credit card receivables represent approximately 36% of our accounts receivable.</font></p> <p style="margin-bottom:0pt;margin-top:18pt;margin-left:2.27%;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Supply Risk </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The majority of our suppliers are currently single source suppliers, despite efforts to qualify and obtain components from multiple sources whenever feasible. <font style="color:#000000;">The loss of any single or limited source supplier or the disruption in the supply of components from these suppliers could lead to vehicle design changes, increased costs and delays in vehicle deliveries to our customers, which could hurt our relationships with our customers and result in negative publicity, damage to our brand and a material and adverse effect on our business, prospects, financial condition and operating results. </font></p></div> | |
| CY2016Q1 | us-gaap |
Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
|
565000000 | |
| CY2016Q1 | tsla |
Derivative Notional Amount Net
DerivativeNotionalAmountNet
|
306900000 | |
| CY2016Q1 | us-gaap |
Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
|
28100000 | |
| CY2016Q1 | us-gaap |
Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
|
0 | |
| CY2016Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
507529000 | |
| CY2015Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
528935000 | |
| CY2016Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
199157000 | |
| CY2015Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
163830000 | |
| CY2016Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
472834000 | |
| CY2016Q1 | us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
15704000 | |
| CY2015Q1 | us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
11786000 | |
| CY2016Q1 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
3384000 | |
| CY2015Q1 | us-gaap |
Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
|
10762000 | |
| CY2016Q1 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
30271000 | |
| CY2015Q1 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
27282000 | |
| CY2016Q1 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
198705000 | |
| CY2015Q1 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
155301000 | |
| CY2016Q1 | tsla |
Maximum Repurchase Price Of Vehicles Under Resale Value Arrangement
MaximumRepurchasePriceOfVehiclesUnderResaleValueArrangement
|
498700000 | |
| CY2015Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
180754000 | |
| CY2014Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
129043000 | |
| CY2016Q1 | us-gaap |
Product Warranty Expense
ProductWarrantyExpense
|
2500000 | |
| CY2015Q1 | us-gaap |
Product Warranty Expense
ProductWarrantyExpense
|
1800000 | |
| CY2016Q1 | tsla |
Credit Card To Accounts Receivable Percentage
CreditCardToAccountsReceivablePercentage
|
0.36 | |
| CY2016Q1 | us-gaap |
Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
|
P12M | |
| CY2016Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
109400000 | |
| CY2015Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
99300000 | |
| CY2016Q1 | tsla |
Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate
|
105500000 | |
| CY2015Q4 | tsla |
Unrecognized Tax Benefits That Would Not Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldNotImpactEffectiveTaxRate
|
95700000 | |
| CY2016Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
774585000 | |
| CY2015Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
314474000 | |
| CY2016Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
565000000 | |
| CY2016Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4266103000 | |
| CY2015Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3974460000 | |
| CY2016Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
673089000 | |
| CY2015Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
476512000 | |
| CY2016Q1 | us-gaap |
Other Inventories Spare Parts
OtherInventoriesSpareParts
|
122441000 | |
| CY2015Q4 | us-gaap |
Other Inventories Spare Parts
OtherInventoriesSpareParts
|
108561000 | |
| CY2016Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
9100000 | |
| CY2015Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
8300000 | |
| CY2016Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
99200000 | |
| CY2015Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
52100000 | |
| CY2016Q1 | us-gaap |
Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
|
69000000 | |
| CY2015Q4 | us-gaap |
Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
|
58100000 | |
| CY2016Q1 | us-gaap |
Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
|
27200000 | |
| CY2015Q4 | us-gaap |
Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
|
22700000 | |
| CY2016Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
93836000 | |
| CY2015Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
101206000 | |
| CY2016Q1 | tsla |
Accrued Purchases
AccruedPurchases
|
147425000 | |
| CY2015Q4 | tsla |
Accrued Purchases
AccruedPurchases
|
140540000 | |
| CY2016Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
90766000 | |
| CY2015Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
86859000 | |
| CY2016Q1 | tsla |
Warranty And Other Liabilities Current
WarrantyAndOtherLiabilitiesCurrent
|
106495000 | |
| CY2015Q4 | tsla |
Warranty And Other Liabilities Current
WarrantyAndOtherLiabilitiesCurrent
|
94193000 | |
| CY2015Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
571126000 | |
| CY2016Q1 | us-gaap |
Pledged Assets Separately Reported On Statement Of Financial Position At Fair Value
PledgedAssetsSeparatelyReportedOnStatementOfFinancialPositionAtFairValue
|
1650000000 | |
| CY2015Q4 | us-gaap |
Pledged Assets Separately Reported On Statement Of Financial Position At Fair Value
PledgedAssetsSeparatelyReportedOnStatementOfFinancialPositionAtFairValue
|
1430000000 | |
| CY2016Q1 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
8391000 | |
| CY2015Q1 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
7307000 | |
| CY2016Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1898000 | |
| CY2015Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1530000 | |
| CY2016Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
25191000 | |
| CY2015Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
23638000 | |
| CY2016Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
35480000 | |
| CY2015Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
32475000 | |
| CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P4Y | |
| CY2016Q1 | us-gaap |
Deferred Compensation Arrangement With Individual Maximum Contractual Term1
DeferredCompensationArrangementWithIndividualMaximumContractualTerm1
|
P10Y | |
| CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
20725440 | |
| CY2016Q1 | tsla |
Number Of Vehicle Production
NumberOfVehicleProduction
|
200000 | |
| CY2016Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
89657000 | |
| CY2015Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
43026000 |
