What is Tesla's current debt?
Total debt on the balance sheet as of December 2023 : $9.57 B. According to Tesla's latest financial reports the company's total debt is $9.57 B. A company's total debt is the sum of all current and non-current debts.
Tesla total current liabilities for 2023 were $28.748B, a 7.63% increase from 2022. Tesla total current liabilities for 2022 were $26.709B, a 35.54% increase from 2021. Tesla total current liabilities for 2021 were $19.705B, a 38.3% increase from 2020.
Assessing Tesla's Financial Strength
Tesla has a cash-to-debt ratio of 3.97, ranking better than 80.87% of companies in the Vehicles & Parts industry. Based on this, GuruFocus ranks Tesla's financial strength as 9 out of 10, suggesting a strong balance sheet.
Tesla Financial Overview
Tesla's market cap is currently ―. The company's EPS TTM is $4.303; its P/E ratio is 39.38; Tesla is scheduled to report earnings on April 16, 2024, and the estimated EPS forecast is $0.65. See an overview of income statement, balance sheet, and cash flow financials.
Tesla Inc holds a debt-to-equity ratio of 0.142. At present, Tesla's Short Term Debt is projected to increase significantly based on the last few years of reporting. The current year's Long Term Debt is expected to grow to about 4.1 B, whereas Short and Long Term Debt Total is forecasted to decline to about 5.1 B.
| Name | Total Debt / Total Assets |
|---|---|
| Tesla Inc | 9.0% |
| Nikola Corp | 22.2% |
| Arcimoto Inc | 30.1% |
| Rivian Automotive Inc | 30.5% |
So its liabilities total US$10.7b more than the combination of its cash and short-term receivables. This state of affairs indicates that Tesla's balance sheet looks quite solid, as its total liabilities are just about equal to its liquid assets.
Once Tesla became highly valued, the company gained access to equity funding instead of typical debt financing. This allowed Tesla to keep debts low since equity financing doesn't require the same path to repayment as debt financing.
Cobb attributes Tesla's low debts to a few different things, with the first being its sleek lineup of cars, innovative technology, and its overall dedication to renewable energy and sustainability.
Key Takeaways. Shares of Tesla fell as Wells Fargo said the EV maker is likely to see no sales growth in 2024. The bank cut its rating on the stock to underweight and lowered its price target to $125 from $200. Tesla's struggling to sell cars even as it lowers prices in various markets, and that's affecting its profit.
Is Tesla a buy or sell?
The firm's underweight rating is equivalent to a sell rating and its price cut represents a 30% downside risk to current TSLA levels. Wells Fargo expects Tesla unit volumes to disappoint as price cuts with its view that vehicle price cuts are having a diminishing impact on demand.
You can purchase a Tesla vehicle by financing with a Tesla financier or a third-party financier over the terms of 36 to 84 months. Tesla Financing is only available to qualifying customers. You can also purchase a Tesla vehicle by paying upfront in cash.
TSLA Stock 12 Months Forecast
Based on 34 Wall Street analysts offering 12 month price targets for Tesla in the last 3 months. The average price target is $207.74 with a high forecast of $320.00 and a low forecast of $23.53. The average price target represents a 27.00% change from the last price of $163.57.
CEO Elon Musk is by far the largest shareholder, with over 20% of the company's equity. Besides Musk, the largest shareholders are asset management companies like BlackRock, Vanguard, and State Street.
Cash on Hand as of December 2023 : $29.09 B
According to Tesla's latest financial reports the company has $29.09 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.
Total debt on the balance sheet as of December 2022 : $76.63 B. According to BMW's latest financial reports the company's total debt is $76.63 B.
Tesla long term debt for the quarter ending December 31, 2023 was $2.857B, a 78.9% increase year-over-year. Tesla long term debt for 2023 was $2.857B, a 78.9% increase from 2022. Tesla long term debt for 2022 was $1.597B, a 69.55% decline from 2021. Tesla long term debt for 2021 was $5.245B, a 45.4% decline from 2020.
Tesla share holder equity for 2023 was $63.367B, a 39.3% increase from 2022. Tesla share holder equity for 2022 was $45.489B, a 46.67% increase from 2021. Tesla share holder equity for 2021 was $31.015B, a 34.41% increase from 2020.
Long-term debt / capital can be defined as a measurement of a company's financial leverage, calculated as the company's long-term debt divided by its total capital. Apple long-term debt / capital for the three months ending December 31, 2023 was 0.56.
Limited Manufacturing Experience: Tesla is a relatively new player in the automotive industry and has limited manufacturing experience compared to more established competitors. This could make it difficult for the company to compete on cost and efficiency.
Do Tesla employees get equity?
Tesla managers reportedly informed some salaried employees about a rather unpleasant surprise this week — there will be no merit-based equity awards for 2023. Despite the update, Tesla employees will still receive cost-of-living increases and adjustments to their base pay, as per a report from Bloomberg News.
Tesla is funded by 45 investors. European Union and PennDOT are the most recent investors.
Total debt on the balance sheet as of December 2023 : $108.04 B. According to Apple's latest financial reports the company's total debt is $108.04 B. A company's total debt is the sum of all current and non-current debts.
Apple has a low net debt to EBITDA ratio of only 0.38. And its EBIT covers its interest expense a whopping 470 times over. So we're pretty relaxed about its super-conservative use of debt.
The fall in sales in its key market dimmed the outlook for Tesla's global deliveries, at a time when the top EV maker is battling a decline in demand and rising competition, and is weighed down by a lack of entry-level vehicles and the age of its product line-up.
