Tesla
WBAG:TSLA
TSLA
WBAG
$47B
Market Cap
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Company description
Tesla, Inc. designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The last earnings update was 58 days ago. More info.
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- Tesla has significant price volatility in the past 3 months.
TSLA Share Price and Events
7 Day Returns
2%
WBAG:TSLA
6%
Europe Auto
3.4%
AT Market
1 Year Returns
1.8%
WBAG:TSLA
-11%
Europe Auto
-2%
AT Market
TSLA Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Tesla (TSLA) | 2% | 2% | -12.4% | 1.8% | - | - |
| Europe Auto | 6% | 8.6% | 10.9% | -11% | 11.6% | -5.7% |
| AT Market | 3.4% | 6% | 10.1% | -2% | 43.4% | 29.5% |
1 Year Return vs Industry and Market
- TSLA outperformed the Auto industry which returned -11% over the past year.
- TSLA outperformed the Market in Austria which returned -2% over the past year.
Price Volatility
TSLA
Industry
5yr Volatility vs Market
Related Companies
Value
Is Tesla undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Tesla
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data
Below are the data sources, inputs and calculation used to determine the intrinsic value for Tesla.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 29 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 5.3% |
| Perpetual Growth Rate | 10-Year AT Government Bond Rate | 0.5% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AT Govt Bond Rate | 0.5% |
| Equity Risk Premium | S&P Global | 6% |
| Auto Unlevered Beta | Simply Wall St/ S&P Global | 0.57 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.575 (1 + (1- 21%) (29.3%)) |
0.804 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (0.804 * 5.96%) |
5.3% |
Discounted Cash Flow Calculation for WBAG:TSLA using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Tesla is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 5.3%) |
|
|---|---|---|---|
| 2019 | 518.04 | Analyst x10 | 491.96 |
| 2020 | 1,524.72 | Analyst x14 | 1,375.04 |
| 2021 | 2,100.00 | Analyst x3 | 1,798.50 |
| 2022 | 5,073.33 | Analyst x3 | 4,126.18 |
| 2023 | 5,359.00 | Analyst x2 | 4,139.06 |
| 2024 | 5,572.78 | Est @ 3.99% | 4,087.46 |
| 2025 | 5,736.92 | Est @ 2.95% | 3,995.99 |
| 2026 | 5,863.98 | Est @ 2.21% | 3,878.84 |
| 2027 | 5,963.86 | Est @ 1.7% | 3,746.28 |
| 2028 | 6,044.10 | Est @ 1.35% | 3,605.52 |
| Present value of next 10 years cash flows | $31,244.83 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $6,044.10 × (1 + 0.51%) ÷ (5.3% – 0.51%) |
$126,773.92 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $126,773.92 ÷ (1 + 5.3%)10 |
$75,625.19 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $31,244.83 + $75,625.19 |
$106,870.02 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $106,870.02 / 172.72 |
$618.74 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in WBAG:TSLA
represents 0.88919x
of
NasdaqGS:TSLA
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
0.88919x |
| Value per Share (Listing Adjusted, EUR) |
= Value per Share (USD) x Listing Adjustment Factor
= $ 618.74 x 0.88919 |
€550.18 |
| Value per share (EUR) | From above. | €550.18 |
| Current discount | Discount to share price of
€242.98
= -1 x (€242.98 - €550.18) / €550.18 |
55.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Amount off the current price
Tesla
is available for.
>50%
Share price is
€242.98
vs Future cash flow value of
€550.18
Current Discount Checks
For
Tesla
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
- Tesla's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Tesla's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Tesla's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Tesla's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $-5.72 |
| NasdaqGS:TSLA Share Price ** | NasdaqGS (2019-04-18) in USD | $273.26 |
| Europe Auto Industry PE Ratio | Median Figure of 17 Publicly-Listed Auto Companies | 8.36x |
| Austria Market PE Ratio | Median Figure of 51 Publicly-Listed Companies | 14.73x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Tesla.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:TSLA Share Price ÷ EPS (both in USD) = 273.26 ÷ -5.72 |
-47.74x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tesla is loss making, we can't compare its value to the Europe Auto industry average.
- Tesla is loss making, we can't compare the value of its earnings to the Austria market.
Price based on expected Growth
Does
Tesla's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -47.74x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts |
54.2%per year |
| Europe Auto Industry PEG Ratio | Median Figure of 10 Publicly-Listed Auto Companies | 0.77x |
| Austria Market PEG Ratio | Median Figure of 32 Publicly-Listed Companies | 1.34x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Tesla, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Tesla's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $28.52 |
| NasdaqGS:TSLA Share Price * | NasdaqGS (2019-04-18) in USD | $273.26 |
| Europe Auto Industry PB Ratio | Median Figure of 24 Publicly-Listed Auto Companies | 1.22x |
| Austria Market PB Ratio | Median Figure of 59 Publicly-Listed Companies | 1.27x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:TSLA Share Price ÷ Book Value per Share (both in USD) = 273.26 ÷ 28.52 |
9.58x |
* Primary Listing of Tesla.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tesla is overvalued based on assets compared to the Europe Auto industry average.
X
Value checks
We assess Tesla's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Auto industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Auto industry average (and greater than 0)? (1 check) Tesla has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Tesla expected to perform in the next 1 to 3 years based on estimates from 29 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
54.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Tesla
expected to grow at an
attractive
rate?
- Tesla's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
- Tesla's earnings growth is expected to exceed the Austria market average.
- Tesla's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| WBAG:TSLA Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 29 Analysts | 54.2% |
| WBAG:TSLA Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 29 Analysts | 18.2% |
| Europe Auto Industry Earnings Growth Rate | Market Cap Weighted Average | 6.7% |
| Europe Auto Industry Revenue Growth Rate | Market Cap Weighted Average | 3% |
| Austria Market Earnings Growth Rate | Market Cap Weighted Average | 9% |
| Austria Market Revenue Growth Rate | Market Cap Weighted Average | 2.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
Raw Data
All numbers in USD Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 29 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 59,039 | 10,987 | 4,087 | 4 |
| 2022-12-31 | 49,025 | 9,211 | 3,320 | 9 |
| 2021-12-31 | 39,677 | 6,980 | 2,079 | 14 |
| 2020-12-31 | 31,715 | 4,446 | 1,180 | 29 |
| 2019-12-31 | 26,364 | 3,135 | -84 | 29 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 21,461 | 2,098 | -976 |
| 2018-09-30 | 17,524 | 1,373 | -1,791 |
| 2018-06-30 | 13,684 | -319 | -2,722 |
| 2018-03-31 | 12,471 | -389 | -2,341 |
| 2017-12-31 | 11,759 | -61 | -1,961 |
| 2017-09-30 | 10,755 | -1,019 | -1,407 |
| 2017-06-30 | 10,069 | -295 | -766 |
| 2017-03-31 | 8,549 | 56 | -723 |
| 2016-12-31 | 7,000 | -124 | -675 |
| 2016-09-30 | 5,930 | 295 | -874 |
| 2016-06-30 | 4,568 | -332 | -1,126 |
| 2016-03-31 | 4,253 | -642 | -1,017 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 29 Analyst Estimates (S&P Global) | See Below |
All data from Tesla Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 20.00 | 23.41 | 16.58 | 2.00 |
| 2022-12-31 | 21.26 | 26.13 | 15.54 | 4.00 |
| 2021-12-31 | 12.23 | 17.98 | 5.32 | 6.00 |
| 2020-12-31 | 6.48 | 11.44 | 2.15 | 15.00 |
| 2019-12-31 | -0.94 | 4.73 | -9.76 | 20.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | -5.72 |
| 2018-09-30 | -10.56 |
| 2018-06-30 | -16.13 |
| 2018-03-31 | -13.97 |
| 2017-12-31 | -11.83 |
| 2017-09-30 | -8.66 |
| 2017-06-30 | -4.85 |
| 2017-03-31 | -4.77 |
| 2016-12-31 | -4.68 |
| 2016-09-30 | -6.32 |
| 2016-06-30 | -8.45 |
| 2016-03-31 | -7.83 |
*GAAP earnings excluding extraordinary items.
X
Tesla has a total score of 5/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Future performance checks
We assess Tesla's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Tesla has a total score of 5/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Tesla performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Tesla's growth in the last year to its industry (Auto).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
- Tesla does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare Tesla's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Tesla's 1-year growth to the Europe Auto industry average as it is not currently profitable.
Earnings and Revenue History
Tesla's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Raw Data
All data from Tesla Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 21,461.27 | -976.09 | 2,834.49 | 1,460.37 |
| 2018-09-30 | 17,523.64 | -1,790.92 | 2,823.53 | 1,458.71 |
| 2018-06-30 | 13,683.91 | -2,721.82 | 2,746.65 | 1,439.48 |
| 2018-03-31 | 12,471.23 | -2,340.67 | 2,533.65 | 1,423.13 |
| 2017-12-31 | 11,758.75 | -1,961.40 | 2,450.70 | 1,378.07 |
| 2017-09-30 | 10,755.13 | -1,407.39 | 2,228.53 | 1,269.40 |
| 2017-06-30 | 10,068.89 | -766.13 | 1,912.34 | 1,152.08 |
| 2017-03-31 | 8,549.35 | -722.92 | 1,695.73 | 973.97 |
| 2016-12-31 | 7,000.13 | -674.91 | 1,410.49 | 834.41 |
| 2016-09-30 | 5,929.88 | -873.97 | 1,264.83 | 778.69 |
| 2016-06-30 | 4,568.23 | -1,125.71 | 1,164.38 | 743.18 |
| 2016-03-31 | 4,253.19 | -1,016.75 | 1,045.08 | 733.23 |
| 2015-12-31 | 4,046.03 | -888.66 | 922.23 | 717.90 |
| 2015-09-30 | 3,788.31 | -675.90 | 830.55 | 667.22 |
| 2015-06-30 | 3,703.32 | -520.75 | 749.29 | 624.30 |
| 2015-03-31 | 3,517.69 | -398.42 | 681.47 | 550.31 |
| 2014-12-31 | 3,198.36 | -294.04 | 603.66 | 464.70 |
| 2014-09-30 | 2,856.91 | -202.68 | 508.18 | 393.59 |
| 2014-06-30 | 2,436.46 | -166.46 | 430.14 | 314.07 |
| 2014-03-31 | 2,072.25 | -135.06 | 356.08 | 258.66 |
| 2013-12-31 | 2,013.50 | -74.01 | 285.57 | 231.98 |
| 2013-09-30 | 1,704.61 | -147.68 | 229.99 | 232.36 |
| 2013-06-30 | 1,323.37 | -219.99 | 190.72 | 237.90 |
| 2013-03-31 | 944.88 | -295.09 | 166.84 | 260.45 |
| 2012-12-31 | 413.26 | -396.21 | 150.37 | 273.98 |
| 2012-09-30 | 146.30 | -387.77 | 132.02 | 266.35 |
| 2012-06-30 | 153.86 | -342.04 | 121.84 | 258.53 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Tesla has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Tesla has efficiently used its assets last year compared to the Europe Auto industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Tesla improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Tesla has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Past performance checks
We assess Tesla's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Auto industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Tesla has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Tesla's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Tesla's finances.
The net worth of a company is the difference between its assets and liabilities.
- Tesla's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Tesla's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of
Tesla's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data
All data from Tesla Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 6,313.60 | 13,827.27 | 3,685.62 |
| 2018-09-30 | 5,853.57 | 13,564.19 | 2,967.50 |
| 2018-06-30 | 5,267.11 | 13,412.25 | 2,236.42 |
| 2018-03-31 | 5,720.41 | 12,570.34 | 2,665.67 |
| 2017-12-31 | 5,632.32 | 12,130.86 | 3,367.91 |
| 2017-09-30 | 6,177.66 | 11,720.15 | 3,530.03 |
| 2017-06-30 | 6,582.12 | 9,557.41 | 3,035.92 |
| 2017-03-31 | 6,161.09 | 9,667.73 | 4,006.59 |
| 2016-12-31 | 5,905.13 | 8,588.12 | 3,393.22 |
| 2016-09-30 | 2,680.49 | 3,172.26 | 3,084.26 |
| 2016-06-30 | 2,520.29 | 3,667.07 | 3,246.30 |
| 2016-03-31 | 970.37 | 3,409.04 | 1,441.79 |
| 2015-12-31 | 1,083.70 | 2,898.99 | 1,196.91 |
| 2015-09-30 | 1,314.66 | 2,846.78 | 1,426.04 |
| 2015-06-30 | 715.93 | 2,790.49 | 1,150.67 |
| 2015-03-31 | 826.00 | 2,645.85 | 1,510.08 |
| 2014-12-31 | 911.71 | 2,540.48 | 1,905.71 |
| 2014-09-30 | 958.09 | 2,468.82 | 2,370.74 |
| 2014-06-30 | 952.33 | 2,469.83 | 2,674.91 |
| 2014-03-31 | 912.06 | 2,200.75 | 2,583.02 |
| 2013-12-31 | 667.12 | 606.88 | 845.89 |
| 2013-09-30 | 564.17 | 676.90 | 795.12 |
| 2013-06-30 | 629.43 | 593.68 | 746.06 |
| 2013-03-31 | 168.58 | 455.54 | 214.42 |
| 2012-12-31 | 124.70 | 466.67 | 201.89 |
| 2012-09-30 | -27.88 | 474.51 | 85.69 |
| 2012-06-30 | 62.22 | 438.97 | 210.55 |
- Tesla's level of debt (219%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (93.2% vs 219% today).
CASH RUNWAY ANALYSIS
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
- Tesla has sufficient cash runway for more than 3 years based on current free cash flow.
- Tesla has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 11.6% each year.
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Tesla's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Tesla has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Tesla's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
0%
Current annual income from
Tesla
dividends.
Estimated to be
0%
next year.
If you bought
€2,000 of
Tesla
shares you are expected to receive
€0
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- Unable to evaluate Tesla's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Tesla's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 29 Analyst Estimates (S&P Global) | See Below |
| Europe Auto Industry Average Dividend Yield | Market Cap Weighted Average of 12 Stocks | 4.2% |
| Austria Market Average Dividend Yield | Market Cap Weighted Average of 49 Stocks | 3.4% |
| Austria Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Austria Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| Austria Top 25% Dividend Yield | 75th Percentile | 4.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.00 | 4.00 |
| 2020-12-31 | 0.00 | 6.00 |
| 2019-12-31 | 0.00 | 6.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Tesla has not reported any payouts.
- Unable to verify if Tesla's dividend has been increasing as the company has not reported any payouts.
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Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Tesla's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Tesla afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Tesla has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
Elon
Musk
| COMPENSATION | $49,920 |
| AGE | 46 |
| TENURE AS CEO | 10.5 years |
CEO Bio
Mr. Elon R. Musk is a Co-Founder of Tesla, Incorporated (also known as Tesla Inc.) and has been its Chief Executive Officer since October 2008 and serves its Director and Product Architect. Mr. Musk is the Chief Executive Officer and Founder at The Boring Company and Neuralink Corp. He founded Space Exploration Technologies Corporation in May 2002 and serves as its Chief Executive Officer, Chief Rocket Designer and Chief Technology Officer. He co-founded PayPal and served as its Chief Executive Officer from May 2000 to September 2000. Prior to PayPal in 1995, he Co-founded Zip2 Corp. with investments from the New York Times Co., Knight-Ridder, MDV, Softbank and the Hearst Corp. After, he served as the Chairman, Chief Executive Officer and Chief Technology Officer since March 1999, he sold Zip2 to Compaq for the largest cash deal in Internet history. He founded X.com Corporation in March 1999, which merged with Confinity, Inc. in March 2000. He served as the Chief Executive Officer of X.com from March 1999 to December 1999. He served as the Chairman of the Board at SolarCity Corporation from July 2006 to November 21, 2016. He served as the Chairman of PayPal, Inc. and Zip2 Corp. He served as a Director of Everdream Corporation and Halcyon Molecular Inc. He served as the Chairman at Tesla, Incorporated since April 2004 until November 7, 2018. He has been a Director of PayPal, Inc. since March 1999. He serves as a Director of Space Foundation. He serves as a Director of XPRIZE Foundation, Inc. He served as a Director of Perquest Inc. He served as a Director of SolarCity Corporation from 2006 to November 21, 2016. He served as a Non-Executive Director of Surrey Satellite Technology Limited. In addition, he is a trustee of the X Prize Foundation and the Musk Foundation, both of which have a strong interest in promoting renewable and environmentally friendly energy technologies. Mr. Musk holds a B.A. in Physics from the University of Pennsylvania and B.S. in business from The Wharton School of the University of Pennsylvania in 1995.
CEO Compensation
- Elon's compensation has increased whilst company is loss making.
- Insufficient data for Elon to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure
Average tenure and age of the Tesla management team in years:
0.6
Average Tenure
42
Average Age
- The average tenure for the Tesla management team is less than 2 years, this suggests a new team.
Management Team
Elon Musk
TITLE
Co-Founder
COMPENSATION
$50K
AGE
46
TENURE
10.5 yrs
JB Straubel
TITLE
Chief Technology Officer
COMPENSATION
$250K
AGE
42
TENURE
13.9 yrs
Zachary Kirkhorn
TITLE
Chief Financial Officer
AGE
33
TENURE
0.3 yrs
Vaibhav Taneja
TITLE
Corporate Controller & Chief Accounting Officer
AGE
40
TENURE
0.1 yrs
Martin Viecha
TITLE
Senior Director for Investor Relations
Jonathan Chang
TITLE
Vice President of Legal & General Counsel
TENURE
0.2 yrs
Dave Arnold
TITLE
Senior Director of Global Communications
TENURE
0.6 yrs
Brian Scelfo
TITLE
Senior Director of Corporate Development
Franz von Holzhausen
TITLE
Chief Designer
Jerome Guillen
TITLE
President of Automotive Division
COMPENSATION
$4M
AGE
45
TENURE
0.6 yrs
Board of Directors Tenure
Average tenure and age of the Tesla board of directors in years:
9
Average Tenure
50
Average Age
- The tenure for the Tesla board of directors is about average.
Board of Directors
Robyn Denholm
TITLE
Chairwoman
COMPENSATION
$5M
AGE
55
TENURE
0.4 yrs
Elon Musk
TITLE
Co-Founder
COMPENSATION
$50K
AGE
46
TENURE
15 yrs
Ira Ehrenpreis
TITLE
Director
COMPENSATION
$38K
AGE
49
TENURE
11.9 yrs
Antonio Gracias
TITLE
Lead Independent Director
COMPENSATION
$38K
AGE
48
TENURE
8.6 yrs
Kimbal Musk
TITLE
Director
COMPENSATION
$22K
AGE
45
TENURE
15 yrs
Steve Jurvetson
TITLE
Director (Leave of Absence)
COMPENSATION
$28K
AGE
51
TENURE
9.8 yrs
Brad Buss
TITLE
Director
COMPENSATION
$3M
AGE
54
TENURE
9.4 yrs
Linda Johnson Rice
TITLE
Director
COMPENSATION
$2M
AGE
60
TENURE
1.8 yrs
James Murdoch
TITLE
Director
COMPENSATION
$2M
AGE
45
TENURE
1.8 yrs
Larry Ellison
TITLE
Independent Director
AGE
74
TENURE
0.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10. Nov 18 | Buy | Elon Musk | Individual | 09. Nov 18 | 09. Nov 18 | 56,915 | €309.86 | €17,635,939 | ||
| 30. Oct 18 | Buy | Elon Musk | Individual | 29. Oct 18 | 29. Oct 18 | 29,844 | €295.12 | €8,782,594 | ||
| 20. Jun 18 | Sell | John Field | Individual | 15. Jun 18 | 15. Jun 18 | -3,000 | €310.91 | €-927,336 | ||
| 13. Jun 18 | Buy | Elon Musk | Individual | 12. Jun 18 | 13. Jun 18 | 72,500 | €294.67 | €21,165,396 | ||
| 07. May 18 | Buy | Elon Musk | Individual | 07. May 18 | 07. May 18 | 33,000 | €253.43 | €8,262,607 | ||
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Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Management checks
We assess Tesla's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Tesla has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Company Info
Description
Tesla, Inc. designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles. It also provides electric vehicle powertrain components and systems to other manufacturers; and services for electric vehicles through its company-owned service centers, Service Plus locations, and Tesla mobile technicians. This segment sells its products through a network of company-owned stores and galleries. The Energy Generation and Storage segment offers energy storage products, such as rechargeable lithium-ion battery systems for use in homes, commercial facilities, and utility grids; designs, manufactures, installs, maintains, leases, and sells solar energy systems to residential and commercial customers; and sell renewable energy to residential and commercial customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was founded in 2003 and is headquartered in Palo Alto, California.
Details
| Name: | Tesla, Inc. |
| TSLA | |
| Exchange: | WBAG |
| Founded: | 2003 |
| $41,987,228,299 | |
| 172,721,487 | |
| Website: | http://www.tesla.com |
| Address: |
Tesla, Inc. 3500 Deer Creek Road, Palo Alto, California, 94304, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | TSLA | Common Stock | Nasdaq Global Select | US | USD | 29. Jun 2010 | |
| DB | TL0 | Common Stock | Deutsche Boerse AG | DE | EUR | 29. Jun 2010 | |
| XTRA | TL0 | Common Stock | XETRA Trading Platform | DE | EUR | 29. Jun 2010 | |
| LSE | 0R0X | Common Stock | London Stock Exchange | GB | USD | 29. Jun 2010 | |
| SWX | TSLA | Common Stock | SIX Swiss Exchange | CH | CHF | 29. Jun 2010 | |
| BIT | TSLA | Common Stock | Borsa Italiana | IT | EUR | 29. Jun 2010 | |
| WBAG | TSLA | Common Stock | Wiener Boerse AG | AT | EUR | 29. Jun 2010 | |
| BMV | TSLA * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 29. Jun 2010 | |
| BVL | TSLA | Common Stock | Bolsa de Valores de Lima | PE | USD | 29. Jun 2010 | |
| BATS-CHIXE | TL0D | Common Stock | BATS 'Chi-X Europe' | GB | EUR | 29. Jun 2010 | |
| BOVESPA | TSLA34 | BDR EA REPR 1/4 COM SHS USD0.001 | Bolsa de Valores de Sao Paulo | BR | BRL | 27. Jul 2016 | |
| BASE | TSLA | CEDEAR EACH 15 REP 1 COM USD0.001 | Buenos Aires Stock Exchange | AR | ARS | 11. Apr 2019 |
Number of employees
Current staff
48,817
Tesla
employees.
Industry
| Automobile Manufacturers | |
| Automobiles |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/18 22:33 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/18 |
| Last earnings filing: | 2019/02/19 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
