March 03, 2015 4:38 PM ET

Automobiles

Company Overview of Tesla Motors, Inc.

Company Overview

Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles, electric vehicle powertrain components, and stationary energy storage systems in the United States, China, Norway, and internationally. It also provides development services to develop electric vehicle powertrain components and systems for other automotive manufacturers. The company sells its products through a network of Tesla stores and galleries, as well as through Internet. Tesla Motors, Inc. was founded in 2003 and is headquartered in Palo Alto, California.

3500 Deer Creek Road

Palo Alto, CA 94304

United States

Founded in 2003

10,161 Employees

Phone:

650-681-5000

Key Executives for Tesla Motors, Inc.

Co-Founder, Chairman, Chief Executive Officer and Product Architect
Age: 42
Total Annual Compensation: $33.3K
Chief Financial Officer
Age: 51
Total Annual Compensation: $338.0K
Chief Technical Officer
Age: 38
Total Annual Compensation: $260.1K
Vice President of Manufacturing
Age: 53
Total Annual Compensation: $270.4K
Vice President of Production
Age: 44
Total Annual Compensation: $225.0K
Compensation as of Fiscal Year 2013.

Tesla Motors, Inc. Key Developments

Apple Reportedly Mulls Investment In Tesla

Apple Inc. (NasdaqGS:AAPL) reportedly is seeking investment in Tesla Motors, Inc. (NasdaqGS:TSLA). As per sources, Apple may be eyeing an investment in Tesla.

Tesla Motors, Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings and Operating Guidance for the First Quarter and Full Year of 2015; Reports Operating Results for the Fourth Quarter of 2014

Tesla Motors, Inc. reported unaudited consolidated earnings and operating results for the fourth quarter and full year ended December 31, 2014. The company reported fourth quarter non-GAAP revenue was $1.1 billion for the quarter, up 44% from a year ago, while GAAP revenue was $957 million. Fourth quarter non-GAAP net loss was $16 million, or a loss of $0.13 per share based on 125.5 million basic shares, while the GAAP net loss was $108 million or a loss of $0.86 per basic share. Total revenues were $956,661,000 compared to $615,219,000 a year ago. Loss from operations was $74,838,000 compared to $13,353,000 a year ago. Loss before income taxes was $103,910,000 compared to $14,906,000 a year ago. Capital expenditures were $368,661,000 compared to $89,435,000 a year ago. Cash flows used in operating activities was $86,402,000 compared to cash flows provided by operating activities of $133,987,000 a year ago. Negative free cash flow was $455,063,000 compared to free cash flow of $44,552,000 a year ago. For the year, the company reported its net income was $0.14 per share on a non-GAAP basis. But that figure turns into a loss of $2.36 using GAAP principles. Total non-GAAP revenue for 2014 at $1.1 billion, which was up 44% from 2013. The company reported the GAAP revenue at $957 million. Net loss was $294,040,000 or $2.36 per basic and diluted share compared to $74,014,000 or $0.62 per basic and diluted share a year ago. Total revenues were $3,198,356,000 compared to $2,013,496,000 a year ago. Loss from operations was $186,689,000 compared to $61,283,000 a year ago. Loss before income taxes was $284,636,000 compared to $71,426,000 a year ago. Capital expenditures were $969,885,000 compared to $264,224,000 a year ago. Cash flows used in operating activities was $57,337,000 compared to cash flows provided by operating activities of $264,804,000 a year ago. Negative free cash flow was $1,027,222,000 compared to free cash flow of $580,000 a year ago. The company said it built 11,627 vehicles in the fourth quarter, thus achieving its production target of 35,000 Model S vehicles in 2014. In 2015, the company expects to deliver about 55,000 Model S and X vehicles, representing more than a 70% increase over 2014 deliveries. About 40% of the deliveries are planned for the first half of the year. First quarter production is expected to be about 10,000 vehicles due to it being a shorter quarter than in fourth quarter and approximately a week of factory downtime to allow the workforce to rest and tooling upgrades. Cars in transit to Europe and Asia must grow to support those markets, so the company can plan to deliver approximately 9,500 vehicles in first quarter, an increase of over 47% from first quarter last year. The company expects that its first quarter non-GAAP automotive gross margin should be about 26%, assuming no further strengthening of the U.S. dollar in the latter half of first quarter. Given that the euro has weakened another 7% since the beginning of the year, this impacts the company's gross margin by about 2 percentage points. It also expects GHG/CAFE credits to contribute one less percentage point to its non-GAAP automotive gross margin in 2015, than in fourth quarter. Hence, the company's gross margin expectation of 26% in first quarter represents a significant improvement resulting from its efforts to increase manufacturing efficiency and deliver a richer mix of products.

Tesla Motors, Inc. to Report Q4, 2014 Results on Feb 11, 2015

Tesla Motors, Inc. announced that they will report Q4, 2014 results at 5:00 PM, US Eastern Standard Time on Feb 11, 2015

Similar Private Companies By Industry

Company Name Region
Northwood Manufacturing, Inc. United States
Hobby Products International, Inc. United States
Liberty, Inc. United States
Sea Star Group, Inc. United States
Motor Trike Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 21, 2014
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Tesla Motors, Inc., please visit www.teslamotors.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.