Tesla (TSLA) - Total debt (2024)

FAQs

How much total debt does Tesla have? ›

According to Tesla's latest financial reports the company's total debt is $9.91 B. A company's total debt is the sum of all current and non-current debts.

Tesla has to fuel its expansion by leveraging debt. According to the company's 2021 annual filing, Tesla reported total liabilities of $30.5 billion. Between 2020 and 2021, the company incurred 7% more debt.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense. During the past 13 years, the highest Debt-to-Equity Ratio of Tesla was 3.75. The lowest was 0.11.

Tesla "remains very well positioned longer term" said Stifel analyst Stephen Gengaro to Market Insider. The company's robotaxi projects and fully autonomous driving vehicles mean it is teed up for "robust multi-year growth" for the next several years.

Tesla's operated at median financial leverage of 2.1x from fiscal years ending December 2019 to 2023. Looking back at the last 5 years, Tesla's financial leverage peaked in December 2019 at 5.2x. Tesla's financial leverage hit its 5-year low in December 2023 of 1.7x.

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.

Financial Strength

Tesla is in excellent financial health. Cash, cash equivalents, and investments stood at $26.9 billion and far exceeded total debt as of March 31, 2024.

2020 was the first time that Tesla turned a full-year profit. Previously, net losses had begun to accelerate in 2014, and so did research and development (R&D) expenses.

Financial Risk:

The company has an average financial risk score of 2.61, driven by its healthy liquidity and cash flow ratios. However, a high proportion of debt on its balance sheet compared to its peers affected the leverage ratios.

Moody's Investor Research upgraded the EV-maker's credit rating to Baa3, which is the first rung on its investment grade ladder for corporate debt, with Tesla's credit outlook changed to stable. Previously Moody's classified Tesla as Ba1, which is the agency's top rating for high yield corporate, or junk, debt.

What is Tesla's cost of debt? ›

Tesla WACC - Weighted Average Cost of Capital

The Cost of Equity of Tesla Inc (TSLA) is 7.15%. The Cost of Debt of Tesla Inc (TSLA) is 4.30%.

Tesla cash on hand for the quarter ending June 30, 2024 was $30.720B, a 33.13% increase year-over-year. Tesla cash on hand for 2023 was $29.094B, a 31.14% increase from 2022. Tesla cash on hand for 2022 was $22.185B, a 25.29% increase from 2021. Tesla cash on hand for 2021 was $17.707B, a 8.65% decline from 2020.

The electric vehicle (EV) maker, Tesla, has a number of key risks that it will face in the next 5-10 years. Notable risks include Tesla cars being too expensive with tax breaks and that the construction of its Gigafactory (battery factory) taking longer than expected.

Tesla long term debt for the quarter ending June 30, 2024 was $5.481B, a 528.56% 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 sales fell for the second straight quarter. It marks the the first time in the company's history that sales declined from the previous year for two quarters in a row. Tesla's sales for the quarter came in at nearly 444,000 cars, down about 5% from a year ago.

Total liabilities on the balance sheet as of March 2024 : $44.04 B. According to Tesla's latest financial reports the company's total liabilities are $44.04 B. A company's total liabilities is the sum of all current and non-current debts and obligations.

Tesla has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.

It is simplified by adding the latest one-year quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Jun. 2024, Tesla's latest one-year quarterly average Book Value of Debt (D) is $9199.4 Mil.