February 21, 2018 12:23 AM ET

Automobiles

Company Overview of Tesla, Inc.

Company Overview

Tesla, Inc. designs, develops, manufactures, and sells electric vehicles and energy storage products in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. It primarily offers sedans and sport utility vehicles. The company also provides electric vehicle powertrain components and systems to other manufacturers; and services for electric vehicles through its 135 company-owned service centers and Service Plus locations, as well as through Tesla Ranger mobile technicians. It sells its products through a network of company-owned stores and galleries, as well as through Internet. In addition, the company offers...

3500 Deer Creek Road

Palo Alto, CA 94304

United States

Founded in 2003

Phone:

650-681-5000

Key Executives for Tesla, Inc.

CEO, Product Architect, Chairman & Co-Founder
Age: 45
Total Annual Compensation: $45.9K
Senior Vice President of Engineering
Age: 51
Total Annual Compensation: $301.2K
Chief Technology Officer
Age: 41
Total Annual Compensation: $250.6K
Compensation as of Fiscal Year 2016.

Tesla, Inc. Key Developments

Jon McNeill Resigns from Tesla

On February 2, 2018, Jon McNeill provided notice of his intention to resign from Tesla. The last day of his employment at Tesla was February 7, 2018.

Tesla Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018

Tesla Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total revenues of $3,288,249,000 compared to $2,284,631,000 a year ago. Loss from operations was $598,141,000 compared $266,698,000 a year ago. Loss before income taxes was $779,901,000 compared to $208,399,000 a year ago. Net loss attributable to common stockholders was $675,350,000 or $4.01 per basic and diluted share of common stock compared to $121,337,000 or $0.78 per basic and diluted share of common stock a year ago. Net cash provided by operating activities was $509,891,000 compared to net cash used in operating activities of $448,209,000 a year ago. Capital expenditures were $786,688,000 compared to $521,612,000 a year ago. Net loss attributable to common stockholders, non-GAAP was $513,052,000 or $3.04 per basic and diluted share compared to $106,546,000 or $0.69 per basic and diluted share a year ago. For the year, the company reported total revenues of $11,758,751,000 compared to $7,000,132,000 a year ago. Loss from operations was $1,632,086,000 compared $667,340,000 a year ago. Loss before income taxes was $2,209,032,000 compared to $746,348,000 a year ago. Net loss attributable to common stockholders was $1,961,400,000 or $11.83 per basic and diluted share of common stock compared to $674,914,000 or $4.68 per basic and diluted share of common stock a year ago. Net cash used in operating activities was $60,654,000 compared to $123,829,000 a year ago. Capital expenditures were $3,414,814,000 compared to $1,280,802,000 a year ago. Net loss attributable to common stockholders, non-GAAP was $1,436,894,000 or $8.66 per basic and diluted share compared to $413,609,000 or $2.87 per basic and diluted share a year ago. We expect gross margin to improve significantly in 2018 from higher operational and manufacturing cost efficiencies as well as deployment of higher-quality commercial projects. Capital expenditures in 2018 are projected to be slightly more than 2017.  The majority of the spending will be to support increases in production capacity at Gigafactory 1 and Fremont, and for building stores, service centers, and Superchargers. 2018 revenue growth expected to significantly exceed 2017 growth.

Tesla, Inc. to Report Q4, 2017 Results on Feb 07, 2018

Tesla, Inc. announced that they will report Q4, 2017 results at 5:30 PM, Eastern Daylight on Feb 07, 2018

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