Financials Tesla, Inc.

Equities

TSLA

US88160R1014

Auto & Truck Manufacturers

Market Closed - Nasdaq Other stock markets 06:00:00 19/07/25 am AEST			5-day change	1st Jan Change
329.65 ^USD	+3.21%		+5.15%	-18.37%

11:01pm	Wall St Week Ahead-Industrial sector's gains to be tested as earnings ramp up	RE
11:01pm	Industrial sector's gains to be tested as earnings ramp up	RE

Projected Income Statement: Tesla, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	31,536	53,823	81,462	96,773	97,690	95,416	115,543	139,488
Change	-	70.67%	51.35%	18.8%	0.95%	-2.33%	21.09%	20.72%
EBITDA ¹	6,050	11,555	19,186	16,631	16,645	13,753	18,743	24,905
Change	-	90.99%	66.04%	-13.32%	0.08%	-17.37%	36.28%	32.88%
EBIT ¹	1,994	6,523	13,656	8,891	7,076	5,701	10,198	54,403
Change	-	227.13%	109.35%	-34.89%	-20.41%	-19.43%	78.88%	433.45%
Interest Paid ¹	-718	-315	-191	-156	-350	-362.1	-367.1	-420.5
Earnings before Tax (EBT) ¹	1,154	6,343	13,719	9,973	8,990	6,698	11,257	15,394
Change	-	449.65%	116.29%	-27.31%	-9.86%	-25.5%	68.07%	36.75%
Net income ¹	721	5,519	12,556	14,997	7,091	5,444	9,156	12,645
Change	-	665.46%	127.5%	19.44%	-52.72%	-23.22%	68.18%	38.1%
Announcement Date	27/1/21	26/1/22	25/1/23	24/1/24	29/1/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	6,036	8,771	10,744	10,389	11,958	13,757	17,719	18,756	16,934	21,454	24,318	23,329	24,927	23,350	25,167	21,301	25,500	25,182	25,707	19,335	22,380	24,592	26,571	24,076	26,365	29,082	31,213
Change	-	45.31%	22.49%	-3.3%	15.1%	15.04%	28.8%	5.85%	-9.71%	26.69%	13.35%	-4.07%	6.85%	-6.33%	7.78%	-15.36%	19.71%	-1.25%	2.08%	-24.79%	15.75%	9.88%	8.05%	-9.39%	9.51%	10.31%	7.33%
EBITDA ¹	1,241	1,936	1,826	1,829	2,467	3,240	4,019	5,023	3,791	4,968	5,404	4,267	4,653	3,758	3,953	3,384	3,674	4,665	4,922	2,814	3,357	3,745	4,319	3,847	4,156	4,466	4,804
Change	-	56%	-5.68%	0.16%	34.88%	31.33%	24.04%	24.98%	-24.53%	31.05%	8.78%	-21.04%	9.05%	-19.23%	5.19%	-14.39%	8.57%	26.97%	5.51%	-42.83%	19.3%	11.56%	15.31%	-10.91%	8.02%	7.46%	7.57%
EBIT ¹	327	809	575	594	1,312	2,004	2,613	3,603	2,464	3,688	3,901	2,664	2,399	1,764	2,064	1,171	1,605	2,717	1,583	399	1,145	1,585	2,018	1,713	2,303	2,812	3,348
Change	-	147.4%	-28.92%	3.3%	120.88%	52.74%	30.39%	37.89%	-31.61%	49.68%	5.78%	-31.71%	-9.95%	-26.47%	17.01%	-43.27%	37.06%	69.28%	-41.74%	-74.79%	187.01%	38.39%	27.35%	-15.11%	34.43%	22.08%	19.09%
Charge d'intérêts ¹	-162	-157	-240	-99	-75	-116	-46	-61	-44	-53	-33	-29	-28	-38	-61	-76	-86	-92	-96	-91	-89	-90.29	-90.29	-82.67	-82.67	-82.67	-82.67
Earnings before Tax (EBT) ¹	150	555	379	533	1,293	1,882	2,635	3,626	2,474	3,636	3,983	2,800	2,937	2,045	2,191	1,553	1,887	2,784	2,766	589	1,381	1,779	2,334	2,260	2,500	2,944	3,446
Change	-	270%	-31.71%	40.63%	142.59%	45.55%	40.01%	37.61%	-31.77%	46.97%	9.54%	-29.7%	4.89%	-30.37%	7.14%	-29.12%	21.51%	47.54%	-0.65%	-78.71%	134.4%	28.88%	31.2%	-3.17%	10.62%	17.75%	17.03%
Net income ¹	104	300	270	438	1,142	1,618	2,321	3,318	2,259	3,292	3,687	2,513	2,703	1,853	7,928	1,129	1,478	2,167	2,317	409	1,080	1,486	1,927	1,830	2,007	2,382	2,794
Change	-	188.46%	-10%	62.22%	160.73%	41.68%	43.45%	42.96%	-31.92%	45.73%	12%	-31.84%	7.56%	-31.45%	327.85%	-85.76%	30.91%	46.62%	6.92%	-82.35%	163.94%	37.67%	29.65%	-5.01%	9.66%	18.65%	17.32%
Announcement Date	22/7/20	21/10/20	27/1/21	26/4/21	26/7/21	20/10/21	26/1/22	20/4/22	20/7/22	19/10/22	25/1/23	19/4/23	19/7/23	18/10/23	24/1/24	23/4/24	24/7/24	23/10/24	29/1/25	22/4/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Tesla, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-7,696	-10,742	-19,086	-23,864	-28,350	-26,327	-29,849	-37,107
Change	-	-39.58%	-77.68%	-25.03%	-18.8%	7.14%	-13.38%	-24.32%
Announcement Date	27/1/21	26/1/22	25/1/23	24/1/24	29/1/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Tesla, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	3,157	6,482	7,158	8,898	11,339	10,274	11,393	12,523
Change	-	105.32%	10.43%	24.31%	27.43%	-9.39%	10.9%	9.91%
Free Cash Flow (FCF) ¹	2,786	5,015	7,566	4,358	3,584	4,792	28,307	43,568
Change	-	80.01%	50.87%	-42.4%	-17.76%	33.71%	490.69%	53.91%
Announcement Date	27/1/21	26/1/22	25/1/23	24/1/24	29/1/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Tesla, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	19.18%	21.47%	23.55%	17.19%	17.04%	14.41%	16.22%	10.26%
EBIT Margin (%)	6.32%	12.12%	16.76%	9.19%	7.24%	5.98%	8.83%	22.41%
EBT Margin (%)	3.66%	11.78%	16.84%	10.31%	9.2%	7.02%	9.74%	6.34%
Net margin (%)	2.29%	10.25%	15.41%	15.5%	7.26%	5.71%	7.92%	5.21%
FCF margin (%)	8.83%	9.32%	9.29%	4.5%	3.67%	5.02%	24.5%	17.94%
FCF / Net Income (%)	386.41%	90.87%	60.26%	29.06%	50.54%	88.02%	309.15%	344.55%
Profitability
ROA	5.61%	13.37%	17.38%	11.52%	7.36%	4.93%	6%	7.24%
ROE	16.81%	21.06%	33.53%	20.28%	12.42%	7.9%	9.92%	11.32%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	10.01%	12.04%	8.79%	9.19%	11.61%	10.77%	9.86%	8.98%
CAPEX / EBITDA (%)	52.18%	56.1%	37.31%	53.5%	68.12%	74.7%	60.79%	50.28%
CAPEX / FCF (%)	113.32%	129.25%	94.61%	204.18%	316.38%	214.39%	40.25%	28.74%
Items per share
Cash flow per share ¹	1.829	3.394	4.237	3.804	4.266	3.67	4.327	4.947
Change	-	85.57%	24.83%	-10.23%	12.16%	-13.97%	17.89%	14.33%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	7.717	9.742	12.88	17.97	20.84	24.48	26.61	30.19
Change	-	26.23%	32.21%	39.55%	15.98%	17.43%	8.71%	13.47%
EPS ¹	0.2133	1.633	3.62	4.3	2.04	1.499	2.524	3.447
Change	-	665.64%	121.63%	18.78%	-52.56%	-26.54%	68.43%	36.55%
Nbr of stocks (in thousands)	2,843,702	3,019,258	3,157,752	3,178,921	3,210,060	3,220,956	3,220,956	3,220,956
Announcement Date	27/1/21	26/1/22	25/1/23	24/1/24	29/1/25	-	-	-