Tesla Inc. Financial Report
Company Overview
Tesla, Inc. is a big company in the United States that makes electric cars and renewable energy products. It is led by Elon Musk and is based in Austin, Texas. Tesla creates and sells:
- Electric cars
- Solar panels
- Battery storage devices
Tesla also works on artificial intelligence and robotics. Elon Musk joined Tesla in 2004 and became the boss in 2008. The company has popular models like Model 3, Model S, Model X, and Cybertruck.
Current Market Data (As of July 12, 2024)
Here’s a quick look at Tesla’s stock performance:
- Current Price: $241.03
- Opening Price: $263.3
- Day's High: $271
- Day's Low: $239.65
- Previous Close: $263.26
- Change: -22.23 (-8.44%)
- 52-Week Range: $138.80 – $299.29
- Market Cap: $755.26 Billion
So, imagine you bought Tesla stock for $263.3 in the morning, but by the end of the day, each stock you owned was only worth $241.03. The value dropped.
Historical Stock Performance
Tesla’s stock has gone up and down a lot in the past six months:
- January 25, 2024: Stock prices fell after bad earnings and the company lost $73 billion in market value.
- February 15, 2024: Elon Musk’s ownership in Tesla was worth over $120 billion.
- March 1, 2024: Tesla said it might open its charging stations to other electric vehicles, which could earn more money.
Financial Statements Analysis
Let's break down Tesla’s financial health with simple examples:
Balance Sheet (Q1 2024): Think of it like your home budget. Tesla had $26.86 billion in cash (like money in your savings), $109.23 billion in assets (things it owns), and $44.05 billion in liabilities (its debts). The assets minus the debts give Tesla an equity of $65.18 billion.
Income Statement (Q1 2024): This tells us how much Tesla made and spent. Tesla earned $21.30 billion in revenue (like your salary), but had costs (operating expenses) of $2.53 billion. After all expenses, Tesla made a profit of $1.13 billion.
Cash Flow Statement (Q1 2024): Tesla’s cash flow statement shows how cash moved. They gained $242 million from operations but spent $5.08 billion on investments.
Prediction Stock Price Report
Short-Term (Next 3 months): Tesla’s stock might range between $230 – $270. Think of it like fluctuating house prices based on market conditions.
Medium-Term (6 months to 1 year): The stock could go up to $250 – $300 as they expand manufacturing and energy storage.
Long-Term (1 to 3 years): Over more time, the stock might reach $300 – $400 due to global growth in electric vehicles.
Risk Factors
Keep in mind:
- Market Volatility: Price can change a lot.
- Competition: Other companies also make electric cars.
- Regulatory Changes: Government rules can affect Tesla.
Conclusion
Tesla is a big name in making electric cars and renewable energy. Elon Musk and his team are pushing for innovations, but the stock prices can change quickly. If you’re considering an investment, think about both the potential earnings and the risks.
Disclaimer: This is just for information and not financial advice. Please do your own research or talk to a financial expert before investing.
Prepared by Terry Bingman, Financial Analyst
