Tesla (TSLA) 10-Q21 Apr 232023 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2023	Apr. 17, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Trading Symbol	TSLA
Security 12b Title	Common stock
Security Exchange Name	NASDAQ
Entity Registrant Name	Tesla, Inc.
Entity Central Index Key	0001318605
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		3,169,504,301
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-34756
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	91-2197729
Entity Address, Address Line One	1 Tesla Road
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78725
City Area Code	512
Local Phone Number	516-8177

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 16,048	$ 16,253
Short-term investments	6,354	5,932
Accounts receivable, net	2,993	2,952
Inventory	14,375	12,839
Prepaid expenses and other current assets	3,227	2,941
Total current assets	42,997	40,917
Property, plant and equipment, net	24,969	23,548
Operating lease right-of-use assets	2,800	2,563
Digital assets, net	184	184
Intangible assets, net	204	215
Goodwill	195	194
Other non-current assets	4,584	4,193
Total assets	86,833	82,338
Current liabilities
Accounts payable	15,904	15,255
Accrued liabilities and other	7,321	7,142
Deferred revenue	1,750	1,747
Customer deposits	1,057	1,063
Current portion of debt and finance leases	1,404	1,502
Total current liabilities	27,436	26,709
Debt and finance leases, net of current portion	1,272	1,597
Deferred revenue, net of current portion	2,911	2,804
Other long-term liabilities	5,979	5,330
Total liabilities	37,598	36,440
Commitments and contingencies (Note 9)
Redeemable noncontrolling interests in subsidiaries	407	409
Stockholders' equity
Preferred stock; $0.001 par value; 100 shares authorized;no shares issued and outstanding	0	0
Common stock; $0.001 par value; 6,000 shares authorized; 3,169 and 3,164 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	3	3
Additional paid-in capital	32,878	32,177
Accumulated other comprehensive (loss)	(225)	(361)
Retained earnings	15,398	12,885
Total stockholders' equity	48,054	44,704
Noncontrolling interests in subsidiaries	774	785
Total liabilities and equity	86,833	82,338
Operating Lease Vehicles [Member]
Current assets
Operating lease vehicles, net	5,473	5,035
Solar Energy Systems [Member]
Current assets
Solar energy systems, net	$ 5,427	$ 5,489

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock par value	$ 0.001	$ 0.001
Preferred stock shares authorized	100,000,000	100,000,000
Preferred stock shares issued	0	0
Preferred stock shares outstanding	0	0
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	6,000,000,000	6,000,000,000
Common stock shares issued	3,169,000,000	3,164,000,000
Common stock shares outstanding	3,169,000,000	3,164,000,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Revenues
Total revenues		$ 23,329	$ 18,756
Cost of revenues
Total cost of revenues		18,818	13,296
Gross profit		4,511	5,460
Operating expenses
Research and development		771	865
Selling, general and administrative		1,076	992
Total operating expenses		1,847	1,857
Income from operations		2,664	3,603
Interest income		213	28
Interest expense		(29)	(61)
Other (expense) income, net		(48)	56
Income before income taxes		2,800	3,626
Provision for income taxes		261	346
Net income		2,539	3,280
Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries		26	(38)
Net income attributable to common stockholders		$ 2,513	$ 3,318
Net income per share of common stock attributable to common stockholders
Basic	[1]	$ 0.80	$ 1.07
Diluted	[1]	$ 0.73	$ 0.95
Weighted average shares used in computing net income per share of common stock
Basic	[1]	3,166	3,103
Diluted	[1]	3,468	3,472
Automotive Revenues [Member]
Revenues
Automotive sales		$ 18,878	$ 15,514
Automotive regulatory credits		521	679
Automotive leasing		564	668
Total automotive revenues		19,963	16,861
Cost of revenues
Automotive sales		15,422	10,914
Automotive leasing		333	408
Total automotive cost of revenues		15,755	11,322
Energy Generation and Storage [Member]
Revenues
Revenues		1,529	616
Cost of revenues
Cost of revenues		1,361	688
Services And Other [Member]
Revenues
Revenues		1,837	1,279
Cost of revenues
Cost of revenues		$ 1,702	$ 1,286

[1] Prior period results have been adjusted to reflect the three -for-one stock split effected in the form of a stock dividend in August 2022 .

Consolidated Statements of Op_2

Consolidated Statements of Operations (Unaudited) (Parenthetical)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Stock split description	three-for-one stock split effected in the form of a stock dividend in August 2022	three-for-one stock split effected in the form of a stock dividend in August 2022
Stock split ratio	3	3

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 2,539	$ 3,280
Other comprehensive income (loss):
Foreign currency translation adjustment	130	(96)
Unrealized net gain (loss) on investments	6	(8)
Comprehensive income	2,675	3,176
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries	26	(38)
Comprehensive income attributable to common stockholders	$ 2,649	$ 3,214

Consolidated Statements of Rede

Consolidated Statements of Redeemable Noncontrolling Interests and Equity (Unaudited) - USD ($) shares in Millions, $ in Millions		Total	Redeemable Noncontrolling Interests [Member]	Common Stock [Member]		Additional Paid-In Capital [Member]	Accumulated Other Comprehensive (Loss) [Member]	Accumulated Deficit [Member]		Total Stockholder's Equity [Member]	Noncontrolling Interests in Subsidiaries [Member]
Redeemable Noncontrolling Interests, Balance at Dec. 31, 2021			$ 568
Balance at Dec. 31, 2021		$ 31,015		$ 3	[1]	$ 29,803	$ 54	$ 329	[1]	$ 30,189	$ 826
Balance, shares at Dec. 31, 2021	[1]			3,100
Exercises of conversion feature of convertible senior notes		0		$ 0	[1]	0				0
Exercises of conversion feature of convertible senior notes, Shares	[1]			0
Issuance of common stock for equity incentive awards		202		$ 0	[1]	202				202
Issuance of common stock for equity incentive awards, Shares	[1]			8
Stock-based compensation		485				485				485
Distributions to noncontrolling interests		(22)	(12)								(22)
Buy-out of noncontrolling interests		(5)	(1)			(5)				(5)
Net (loss) income		3,376	(96)					3,318	[1]	3,318	58
Other comprehensive income (loss)		(104)					(104)			(104)
Redeemable Noncontrolling Interests, Balance at Mar. 31, 2022			459
Balance at Mar. 31, 2022		34,947		$ 3	[1]	30,485	(50)	3,647	[1]	34,085	862
Balance, shares at Mar. 31, 2022	[1]			3,108
Redeemable Noncontrolling Interests, Balance at Dec. 31, 2022		409	409
Balance at Dec. 31, 2022		45,489		$ 3		32,177	(361)	12,885		44,704	785
Balance, shares at Dec. 31, 2022				3,164
Exercises of conversion feature of convertible senior notes		0		$ 0		0				0
Exercises of conversion feature of convertible senior notes, Shares				0
Issuance of common stock for equity incentive awards		231		$ 0		231				231
Issuance of common stock for equity incentive awards, Shares				5
Stock-based compensation		465				465				465
Distributions to noncontrolling interests		(22)	(5)								(22)
Buy-out of noncontrolling interests		(7)				5				5	(12)
Net (loss) income		2,536	3					2,513		2,513	23
Other comprehensive income (loss)		136					136			136
Redeemable Noncontrolling Interests, Balance at Mar. 31, 2023		407	$ 407
Balance at Mar. 31, 2023		$ 48,828		$ 3		$ 32,878	$ (225)	$ 15,398		$ 48,054	$ 774
Balance, shares at Mar. 31, 2023				3,169

[1] Prior period results have been adjusted to reflect the three -for-one stock split effected in the form of a stock dividend in August 2022 .

Consolidated Statements of Re_2

Consolidated Statements of Redeemable Noncontrolling Interests and Equity (Unaudited) (Parenthetical)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Stock split description	three-for-one stock split effected in the form of a stock dividend in August 2022	three-for-one stock split effected in the form of a stock dividend in August 2022
Stock split ratio	3	3

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash Flows from Operating Activities
Net income	$ 2,539	$ 3,280
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and impairment	1,046	880
Stock-based compensation	418	418
Inventory and purchase commitments write-downs	50	33
Foreign currency transaction net unrealized gain	(25)	(30)
Non-cash interest and other operating activities	15	16
Changes in operating assets and liabilities:
Accounts receivable	(32)	(409)
Inventory	(1,540)	(633)
Operating lease vehicles	(675)	(462)
Prepaid expenses and other current assets	(79)	(289)
Other non-current assets	(729)	(611)
Accounts payable and accrued liabilities	797	997
Deferred revenue	106	287
Customer deposits	2	204
Other long-term liabilities	620	314
Net cash provided by operating activities	2,513	3,995
Cash Flows from Investing Activities
Purchases of property and equipment excluding finance leases, net of sales	(2,072)	(1,767)
Purchases of solar energy systems, net of sales	(1)	(5)
Purchase of intangible assets	0	(9)
Purchases of investments	(2,015)	(386)
Proceeds from maturities of investments	1,604	0
Net cash used in investing activities	(2,484)	(2,167)
Cash Flows from Financing Activities
Repayments of convertible and other debt	(302)	(1,945)
Proceeds from exercises of stock options and other stock issuances	231	202
Principal payments on finance leases	(106)	(123)
Debt issuance costs	(13)	0
Distributions paid to noncontrolling interests in subsidiaries	(36)	(42)
Payments for buy-outs of noncontrolling interests in subsidiaries	(7)	(6)
Net cash used in financing activities	(233)	(1,914)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	50	(18)
Net decrease in cash and cash equivalents and restricted cash	(154)	(104)
Cash and cash equivalents and restricted cash, beginning of period	16,924	18,144
Cash and cash equivalents and restricted cash, end of period	16,770	18,040
Supplemental Non-Cash Investing and Financing Activities
Acquisitions of property and equipment included in liabilities	1,193	1,036
Leased assets obtained in exchange for finance lease liabilities	0	20
Leased assets obtained in exchange for operating lease liabilities	$ 362	$ 271

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 – Summary of Significant Accounting Policies Unaudited Interim Financial Statements The consolidated financial statements of Tesla, Inc. (“Tesla”, the “Company”, “we”, “us” or “our”), including the consolidated balance sheet as of March 31, 2023, the consolidated statements of operations, the consolidated statements of comprehensive income, the consolidated statements of redeemable noncontrolling interests and equity, and the consolidated statements of cash flows for the three months ended March 31, 2023 and 2022, as well as other information disclosed in the accompanying notes, are unaudited. The consolidated balance sheet as of December 31, 2022 was derived from the audited consolidated financial statements as of that date. The interim consolidated financial statements and the accompanying notes should be read in conjunction with the annual consolidated financial statements and the accompanying notes contained in our Annual Report on Form 10-K for the year ended December 31, 2022. The interim consolidated financial statements and the accompanying notes have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary for a fair statement of the results of operations for the periods presented. The consolidated results of operations for any interim period are not necessarily indicative of the results to be expected for the full year or for any other future years or interim periods. Reclassifications Certain prior period balances have been reclassified to conform to the current period presentation in the accompanying notes. Revenue Recognition Revenue by source The following table disaggregates our revenue by major source (in millions): Three Months Ended March 31, 2023 2022 Automotive sales $ 18,878 $ 15,514 Automotive regulatory credits 521 679 Energy generation and storage sales 1,413 503 Services and other 1,837 1,279 Total revenues from sales and services 22,649 17,975 Automotive leasing 564 668 Energy generation and storage leasing 116 113 Total revenues $ 23,329 $ 18,756 Automotive Segment Automotive Sales Revenue The total sales return reserve on vehicles sold with resale value guarantees was $ 68 million and $ 91 million as of March 31, 2023 and December 31, 2022, respectively, of which $ 34 million and $ 40 million was short-term, respectively. Deferred revenue is related to the access to our Full Self Driving (“FSD”) features and ongoing maintenance, internet connectivity, free Supercharging programs and over-the-air software updates primarily on automotive sales, which amounted to $ 3.04 billion and $ 2.91 billion as of March 31, 2023 and December 31, 2022, respectively. Deferred revenue is equivalent to the total transaction price allocated to the performance obligations that are unsatisfied, or partially unsatisfied, as of the balance sheet date. Revenue recognized from the deferred revenue balance as of December 31, 2022 and 2021 was $ 134 million and $ 66 million for three months ended March 31, 2023 and 2022, respectively. Of the total deferred revenue balance as of March 31, 2023, we expect to recognize $ 679 million of revenue in the next 12 months. The remaining balance will be recognized at the time of transfer of control of the product or over the performance period. We have been providing loans for financing our automotive deliveries in volume since fiscal year 2022. As of March 31, 2023 and December 31, 2022 , we have recorded net financing receivables on the consolidated balance sheets, of which $ 191 million and $ 128 million, respectively, is recorded within Accounts receivable, net, for the current portion and $ 966 million and $ 665 million, respectively, is recorded within Other non-current assets for the long-term portion. Automotive Regulatory Credits During the three months ended March 31, 2022 , we had also recognized $ 288 million in revenue due to changes in regulation which entitled us to additional consideration for credits sold previously. Automotive Leasing Revenue Direct Sales-Type Leasing Program For the three months ended March 31, 2023, we recognized $ 101 million of sales-type leasing revenue and $ 76 million of sales-type leasing cost of revenue. For the three months ended March 31, 2022, we recognized $ 265 million of sales-type leasing revenue and $ 164 million of sales-type leasing cost of revenue. Lease receivables relating to sales-type leases are presented on the consolidated balance sheets as follows (in millions): March 31, 2023 December 31, 2022 Gross lease receivables $ 886 $ 837 Unearned interest income ( 99 ) ( 95 ) Allowance for expected credit losses ( 5 ) ( 4 ) Net investment in sales-type leases $ 782 $ 738 Reported as: Prepaid expenses and other current assets $ 177 $ 164 Other non-current assets 605 574 Net investment in sales-type leases $ 782 $ 738 Energy Generation and Storage Segment Energy Generation and Storage Sales We record as deferred revenue any non-refundable amounts that are collected from customers related to fees charged for prepayments, which is recognized as revenue ratably over the respective customer contract term. As of March 31, 2023 and December 31, 2022, deferred revenue related to such customer payments amounted to $ 770 million and $ 863 million, respectively, mainly due to billings for milestone payments. Revenue recognized from the deferred revenue balance as of December 31, 2022 and 2021 was $ 230 million and $ 52 million for the three months ended March 31, 2023 and 2022, respectively. As of March 31, 2023, total transaction price allocated to performance obligations that were unsatisfied or partially unsatisfied for contracts with an original expected length of more than one year was $ 209 million. Of this amount, we expect to recognize $ 12 million in the next 12 months and the remaining over a period up to 25 years. We have been providing loans for financing our energy generation products in volume since fiscal year 2022. As of March 31, 2023 and December 31, 2022 , we have recorded net financing receivables on the consolidated balance sheets, of which $ 29 million and $ 24 million, respectively, is recorded within Accounts receivable, net, for the current portion and $ 448 million and $ 387 million, respectively, is recorded within Other non-current assets for the long-term portion. Income Taxes There are transactions that occur during the ordinary course of business for which the ultimate tax determination is uncertain. As of March 31, 2023 and December 31, 2022 , the aggregate balances of our gross unrecognized tax benefits were $ 926 million and $ 870 million, respectively, of which $ 578 million and $ 572 million, respectively, would not give rise to changes in our effective tax rate since these tax benefits would increase a deferred tax asset that is currently fully offset by a valuation allowance. We file income tax returns in the U.S. and various state and foreign jurisdictions. We are currently under examination by the Internal Revenue Service (“IRS”) for the years 2015 to 2018 . Additional tax years within the periods 2004 to 2014 and 2019 to 2021 remain subject to examination for federal income tax purposes. All net operating losses and tax credits generated to date are subject to adjustment for U.S. federal and state income tax purposes. Our returns for 2004 and subsequent tax years remain subject to examination in U.S. state and foreign jurisdictions. Given the uncertainty in timing and outcome of our tax examinations, an estimate of the range of the reasonably possible change in gross unrecognized tax benefits within twelve months cannot be made at this time. Net Income per Share of Common Stock Attributable to Common Stockholders The following table presents the reconciliation of net income attributable to common stockholders to net income used in computing basic and diluted net income per share of common stock (in millions): Three Months Ended March 31, 2023 2022 Net income attributable to common stockholders $ 2,513 $ 3,318 Less: Buy-out of noncontrolling interest ( 5 ) 5 Net income used in computing basic net income per share of common stock 2,518 3,313 Less: Dilutive convertible debt 0 0 Net income used in computing diluted net income per share of common stock $ 2,518 $ 3,313 The following table presents the reconciliation of basic to diluted weighted average shares used in computing net income per share of common stock attributable to common stockholders, as adjusted to give effect to the three -for-one stock split effected in the form of a stock dividend in August 2022 (the “2022 Stock Split”) (in millions): Three Months Ended March 31, 2023 2022 Weighted average shares used in computing net income per share of common stock, basic 3,166 3,103 Add: Stock-based awards 289 313 Convertible senior notes 2 5 Warrants 11 51 Weighted average shares used in computing net income per share of common stock, diluted 3,468 3,472 The following table presents the potentially dilutive shares that were excluded from the computation of diluted net income per share of common stock attributable to common stockholders, because their effect was anti-dilutive, as adjusted to give effect to the 2022 Stock Split (in millions): Three Months Ended March 31, 2023 2022 Stock-based awards 25 2 Restricted Cash Our total cash and cash equivalents and restricted cash, as presented in the consolidated statements of cash flows, was as follows (in millions): March 31, December 31, March 31, December 31, 2023 2022 2022 2021 Cash and cash equivalents $ 16,048 $ 16,253 $ 17,505 $ 17,576 Restricted cash included in prepaid expenses and other 486 294 297 345 Restricted cash included in other non-current assets 236 377 238 223 Total as presented in the consolidated statements of cash flows $ 16,770 $ 16,924 $ 18,040 $ 18,144 Accounts Receivable and Allowance for Doubtful Accounts Depending on the day of the week on which the end of a fiscal quarter falls, our accounts receivable balance may fluctuate as we are waiting for certain customer payments to clear through our banking institutions and receipts of payments from our financing partners, which can take up to approximately two weeks based on the contractual payment terms with such partners. Our accounts receivable balances associated with our sales of regulatory credits, which are typically transferred to other manufacturers during the last few days of the quarter, is dependent on contractual payment terms. Additionally, government rebates can take up to a year or more to be collected depending on the customary processing timelines of the specific jurisdictions issuing them. These various factors may have a significant impact on our accounts receivable balance from period to period. As of March 31, 2023 and December 31, 2022 , we had $ 575 million and $ 753 million, respectively, of long-term government rebates receivable in Other non-current assets in our consolidated balance sheets. Financing Receivables As of March 31, 2023 and December 31, 2022, the majority of our financing receivables were at current status with only immaterial balances being past due. As of March 31, 2023, the majority of our financing receivables, excluding MyPower notes receivable, were originated in 2023 and 2022, and as of December 31, 2022, the majority of our financing receivables, excluding MyPower notes receivable, were originated in 2022. As of March 31, 2023 and December 31, 2022 , the total outstanding balance of MyPower customer notes receivable, net of allowance for expected credit losses, was $ 276 million and $ 280 million, respectively, of which $ 6 million and $ 7 million were due in the next 12 months as of March 31, 2023 and December 31, 2022, respectively. As of March 31, 2023 and December 31, 2022 , the allowance for expected credit losses was $ 37 million. Concentration of Risk Credit Risk Financial instruments that potentially subject us to a concentration of credit risk consist of cash, cash equivalents, investments, restricted cash, accounts receivable and other finance receivables. Our cash and investments balances are primarily comprised of deposits which are diversified among high credit quality financial institutions or invested in U.S. government securities. These deposits are typically in excess of insured limits. As of March 31, 2023 and December 31, 2022 , no entity represented 10 % or more of our total receivables balance. Supply Risk We are dependent on our suppliers, including single source suppliers, and the inability of these suppliers to deliver necessary components of our products in a timely manner at prices, quality levels and volumes acceptable to us, or our inability to efficiently manage these components from these suppliers, could have a material adverse effect on our business, prospects, financial condition and operating results. Operating Lease Vehicles The gross cost of operating lease vehicles as of March 31, 2023 and December 31, 2022 was $ 6.56 billion and $ 6.08 billion, respectively. Operating lease vehicles on the consolidated balance sheets are presented net of accumulated depreciation of $ 1.09 billion and $ 1.04 billion as of March 31, 2023 and December 31, 2022 , respectively. Warranties Accrued warranty activity consisted of the following (in millions): Three Months Ended March 31, 2023 2022 Accrued warranty—beginning of period $ 3,505 $ 2,101 Warranty costs incurred ( 280 ) ( 151 ) Net changes in liability for pre-existing warranties, 208 15 Provision for warranty 532 322 Accrued warranty—end of period $ 3,965 $ 2,287 Recent Accounting Pronouncements Recently adopted accounting pronouncements In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2021-08, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (Topic 805). This ASU requires an acquirer in a business combination to recognize and measure contract assets and contract liabilities (deferred revenue) from acquired contracts using the revenue recognition guidance in Topic 606. At the acquisition date, the acquirer applies the revenue model as if it had originated the acquired contracts. The ASU is effective for annual periods beginning after December 15, 2022, including interim periods within those fiscal years. We adopted this ASU prospectively on January 1, 2023. This ASU has not and is currently not expected to have a material impact on our consolidated financial statements. In March 2022, the FASB issued ASU 2022-02, Troubled Debt Restructurings and Vintage Disclosures. This ASU eliminates the accounting guidance for troubled debt restructurings by creditors that have adopted ASU 2016-13, Measurement of Credit Losses on Financial Instruments, which we adopted on January 1, 2020. This ASU also enhances the disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. In addition, the ASU amends the guidance on vintage disclosures to require entities to disclose current period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of ASC 326-20. The ASU is effective for annual periods beginning after December 15, 2022, including interim periods within those fiscal years. We adopted the ASU prospectively on January 1, 2023. This ASU has not and is currently not expected to have a material impact on our consolidated financial statements. On August 16, 2022, the Inflation Reduction Act of 2022 (“IRA”) was enacted into law and is effective for taxable years beginning after December 31, 2022. The IRA includes multiple incentives to promote clean energy, electric vehicles, battery and energy storage manufacture or purchase, in addition to a new corporate alternative minimum tax of 15 % on adjusted financial statement income of corporations with profits greater than $ 1 billion. Some of these measures are expected to materially affect our consolidated financial statements. For the three month period ended March 31, 2023, the impact was primarily a reduction of our material costs. We will continue to evaluate the effects of IRA as more guidance is issued and the relevant implications to our consolidated financial statements.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
Fair Value of Financial Instruments	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 2 – Fair Value of Financial Instruments ASC 820, Fair Value Measurements (“ASC 820” ) states that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. The three-tiered fair value hierarchy, which prioritizes which inputs should be used in measuring fair value, is comprised of: (Level I) observable inputs such as quoted prices in active markets; (Level II) inputs other than quoted prices in active markets that are observable either directly or indirectly and (Level III) unobservable inputs for which there is little or no market data. The fair value hierarchy requires the use of observable market data when available in determining fair value. Our assets and liabilities that were measured at fair value on a recurring basis were as follows (in millions): March 31, 2023 December 31, 2022 Fair Value Level I Level II Level III Fair Value Level I Level II Level III Money market funds $ 483 $ 483 $ — $ — $ 2,188 $ 2,188 $ — $ — U.S. government securities 1,418 — 1,418 — 894 — 894 — Corporate debt securities 836 — 836 — 885 — 885 — Certificates of deposit and time deposits 4,550 — 4,550 — 4,253 — 4,253 — Total $ 7,287 $ 483 $ 6,804 $ — $ 8,220 $ 2,188 $ 6,032 $ — All of our money market funds were classified within Level I of the fair value hierarchy because they were valued using quoted prices in active markets. Our U.S. government securities, certificates of deposit, time deposits and corporate debt securities are classified within Level II of the fair value hierarchy and the market approach was used to determine fair value of these investments. Our cash, cash equivalents and investments classified by security type as of March 31, 2023 and December 31, 2022 consisted of the following (in millions): March 31, 2023 Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash and Cash Equivalents Short-Term Investments Cash $ 15,115 $ — $ — $ 15,115 $ 15,115 $ — Money market funds 483 — — 483 483 — U.S. government securities 1,420 — ( 2 ) 1,418 — 1,418 Corporate debt securities 852 1 ( 17 ) 836 — 836 Certificates of deposit and time deposits 4,550 — — 4,550 450 4,100 Total cash, cash equivalents and short-term investments $ 22,420 $ 1 $ ( 19 ) $ 22,402 $ 16,048 $ 6,354 December 31, 2022 Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash and Cash Equivalents Short-Term Investments Cash $ 13,965 $ — $ — $ 13,965 $ 13,965 $ — Money market funds 2,188 — — 2,188 2,188 — U.S. government securities 897 — ( 3 ) 894 — 894 Corporate debt securities 907 — ( 22 ) 885 — 885 Certificates of deposit and time deposits 4,252 1 — 4,253 100 4,153 Total cash, cash equivalents and short-term investments $ 22,209 $ 1 $ ( 25 ) $ 22,185 $ 16,253 $ 5,932 We record gross realized gains, losses and credit losses as a component of Other (expense) income, net in the consolidated statements of operations. For the three months ended March 31, 2023 and 2022, we did not recognize any material gross realized gains, losses or credit losses. The ending allowance balances for credit losses were immaterial as of March 31, 2023 and December 31, 2022. We have determined that the gross unrealized losses on our investments as of March 31, 2023 and December 31, 2022 were temporary in nature. The following table summarizes the fair value of our investments by stated contractual maturities as of March 31, 2023 (in millions): Due in 1 year or less $ 5,637 Due in 1 year through 5 years 569 Due in 5 years through 10 years 148 Total $ 6,354 Disclosure of Fair Values Our financial instruments that are not re-measured at fair value include accounts receivable, financing receivables, digital assets, accounts payable, accrued liabilities, customer deposits and debt. The carrying values of these financial instruments approximate their fair values, other than our 2.00 % Convertible Senior Notes due in 2024 (“2024 Notes”) and digital assets. We estimate the fair value of the 2024 Notes using commonly accepted valuation methodologies and market-based risk measurements that are indirectly observable, such as credit risk (Level II). In addition, we estimate the fair values of our digital assets based on quoted prices in active markets (Level I). The following table presents the estimated fair values and the carrying values (in millions): March 31, 2023 December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value 2024 Notes $ 37 $ 375 $ 37 $ 223 Digital assets, net $ 184 $ 325 $ 184 $ 191

Inventory

Inventory	3 Months Ended
Inventory	Mar. 31, 2023
Inventory Disclosure [Abstract]
Inventory	Note 3 – Inventory Our inventory consisted of the following (in millions): March 31, December 31, 2023 2022 Raw materials $ 6,405 $ 6,137 Work in process 2,458 2,385 Finished goods (1) 4,591 3,475 Service parts 921 842 Total $ 14,375 $ 12,839 (1) Finished goods inventory includes vehicles in transit to fulfill customer orders, new vehicles available for sale, used vehicles and energy products available for sale. We write-down inventory for any excess or obsolete inventories or when we believe that the net realizable value of inventories is less than the carrying value. During the three months ended March 31, 2023 and 2022, we recorded write-downs of $ 39 million and $ 26 million, respectively, in Cost of revenues in the consolidated statements of operations.

Property, Plant and Equipment,

Property, Plant and Equipment, Net	3 Months Ended
Property, Plant and Equipment, Net	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, Net	Note 4 – Property, Plant and Equipment, Net Our property, plant and equipment, net, consisted of the following (in millions): March 31, December 31, 2023 2022 Machinery, equipment, vehicles and office furniture $ 14,139 $ 13,558 Tooling 2,696 2,579 Leasehold improvements 2,551 2,366 Land and buildings 8,144 7,751 Computer equipment, hardware and software 2,299 2,072 Construction in progress 4,894 4,263 34,723 32,589 Less: Accumulated depreciation ( 9,754 ) ( 9,041 ) Total $ 24,969 $ 23,548 Construction in progress is primarily comprised of construction of Gigafactory Texas and Gigafactory Berlin-Brandenburg, and equipment and tooling related to the manufacturing of our products. Depreciation expense during the three months ended March 31, 2023 and 2022 was $ 722 million and $ 551 million, respectively.

Accrued Liabilities and Other

Accrued Liabilities and Other	3 Months Ended
Accrued Liabilities and Other	Mar. 31, 2023
Payables and Accruals [Abstract]
Accrued Liabilities and Other	Note 5 – Accrued Liabilities and Other Our accrued liabilities and other current liabilities consisted of the following (in millions): March 31, December 31, 2023 2022 Accrued purchases (1) $ 2,640 $ 2,747 Taxes payable (2) 1,371 1,235 Payroll and related costs 1,064 1,026 Accrued warranty reserve, current portion 1,123 1,025 Sales return reserve, current portion 267 270 Operating lease liabilities, current portion 509 485 Other current liabilities 347 354 Total $ 7,321 $ 7,142 (1) Accrued purchases primarily reflects receipts of goods and services for which we had not yet been invoiced. As we are invoiced for these goods and services, this balance will reduce and accounts payable will increase. (2) Taxes payable includes value added tax, income tax, sales tax, property tax and use tax payables.

Other Long-Term Liabilities

Other Long-Term Liabilities	3 Months Ended
Other Long-Term Liabilities	Mar. 31, 2023
Other Liabilities [Abstract]
Other Long-term Liabilities	Note 6 – Other Long-Term Liabilities Our other long-term liabilities consisted of the following (in millions): March 31, December 31, 2023 2022 Operating lease liabilities $ 2,389 $ 2,164 Accrued warranty reserve 2,842 2,480 Other non-current liabilities 748 686 Total other long-term liabilities $ 5,979 $ 5,330

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	Note 7 – Debt The following is a summary of our debt and finance leases as of March 31, 2023 (in millions): Unpaid Unused Net Carrying Value Principal Committed Contractual Contractual Current Long-Term Balance Amount (1) Interest Rates Maturity Date Recourse debt: 2024 Notes $ — $ 37 $ 37 $ — 2.00 % May 2024 RCF Credit Agreement — — — 5,000 Not applicable January 2028 Solar Bonds — 7 7 — 4.70 - 5.75 % March 2025 - January 2031 Total recourse debt — 44 44 5,000 Non-recourse debt: Automotive Asset-backed Notes 903 410 1,317 — 0.36 - 4.64 % February 2024 - September 2025 Solar Asset-backed Notes 4 12 16 — 4.80 % December 2026 Cash Equity Debt 28 351 389 — 5.25 - 5.81 % July 2033 - January 2035 Automotive Lease-backed Credit Facilities — — — 155 Not applicable September 2024 Total non-recourse debt 935 773 1,722 155 Total debt 935 817 $ 1,766 $ 5,155 Finance leases 469 455 Total debt and finance leases $ 1,404 $ 1,272 The following is a summary of our debt and finance leases as of December 31, 2022 (in millions): Unpaid Unused Net Carrying Value Principal Committed Contractual Contractual Current Long-Term Balance Amount (2) Interest Rates Maturity Date Recourse debt: 2024 Notes $ — $ 37 $ 37 $ — 2.00 % May 2024 Credit Agreement — — — 2,266 Not applicable July 2023 Solar Bonds — 7 7 — 4.70 - 5.75 % March 2025 - January 2031 Total recourse debt — 44 44 2,266 Non-recourse debt: Automotive Asset-backed Notes 984 613 1,603 — 0.36 - 4.64 % December 2023 - September 2025 Solar Asset-backed Notes 4 13 17 — 4.80 % December 2026 Cash Equity Debt 28 359 397 — 5.25 - 5.81 % July 2033 - January 2035 Automotive Lease-backed Credit Facilities — — — 151 Not applicable September 2024 Total non-recourse debt 1,016 985 2,017 151 Total debt 1,016 1,029 $ 2,061 $ 2,417 Finance leases 486 568 Total debt and finance leases $ 1,502 $ 1,597 (1) There are no restrictions on draw-down or use for general corporate purposes with respect to any available committed funds under our credit facilities, except certain specified conditions prior to draw-down, including pledging our leased vehicles and our interests in those leases and as may be described below and in the notes to the consolidated financial statements included in our report on Form 10-K for the year ended December 31, 2022. (2) There are no restrictions on draw-down or use for general corporate purposes with respect to any available committed funds under our credit facilities, except certain specified conditions prior to draw-down, including pledging to our lenders sufficient amounts of qualified receivables, inventories, leased vehicles and our interests in those leases or various other assets and as may be described in the notes to the consolidated financial statements included in our report on Form 10-K for the year ended December 31, 2022. Recourse debt refers to debt that is recourse to our general assets of the respective guarantors. Non-recourse debt refers to debt that is recourse to only assets of our subsidiaries. The differences between the unpaid principal balances and the net carrying values are due to debt discounts or deferred financing costs. As of March 31, 2023, we were in material compliance with all financial debt covenants. 2024 Notes During the first quarter of 2023, the closing price of our common stock continued to exceed 130 % of the applicable conversion price of our 2024 Notes on at least 20 of the last 30 consecutive trading days of the quarter, causing the 2024 Notes to be convertible by their holders during the second quarter of 2023. Should the closing price conditions continue to be met in a future quarter for the 2024 Notes, the 2024 Notes will be convertible at their holders’ option during the immediately following quarter.

Equity Incentive Plans

Equity Incentive Plans	3 Months Ended
Equity Incentive Plans	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Equity Incentive Plans	Note 8 – Equity Incentive Plans Other Performance-Based Grants 2021 Performance-Based Stock Option & Restricted Stock Unit (“RSU”) Awards During the fourth quarter of 2021, the Compensation Committee of our Board of Directors granted to certain employees performance-based RSUs and stock options to purchase an aggregate 2.2 million shares of our common stock, as adjusted to give effect to the 2022 Stock Split. As of March 31, 2023, we had unrecognized stock-based compensation expense of $ 170 million, which will be recognized over a weighted-average period of 3 years. For the three months ended March 31, 2023 and 2022, we recorded $ 25 million and $ 69 million, respectively, of stock-based compensation expense related to this grant, net of forfeitures. Summary Stock-Based Compensation Information The following table summarizes our stock-based compensation expense by line item in the consolidated statements of operations (in millions): Three Months Ended March 31, 2023 2022 Cost of revenues $ 192 $ 131 Research and development 134 143 Selling, general and administrative 92 144 Total $ 418 $ 418 Our income tax benefits recognized from stock-based compensation arrangements in each of the periods presented were immaterial due to cumulative losses and valuation allowances.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 9 – Commitments and Contingencies Operating Lease Arrangements in Buffalo, New York and Shanghai, China For a description of our operating lease arrangements in Buffalo, New York, and Shanghai, China, refer to Note 15, Commitments and Contingencies , in our Annual Report on Form 10-K for the year ended December 31, 2022. As of March 31, 2023, we expect to meet the requirements under these arrangements based on our current and anticipated level of operations. Legal Proceedings Litigation Relating to the SolarCity Acquisition Between September 1, 2016 and October 5, 2016, seven lawsuits were filed in the Delaware Court of Chancery by purported stockholders of Tesla challenging our acquisition of SolarCity Corporation (“SolarCity”). Following consolidation, the lawsuit names as defendants the members of Tesla’s board of directors as then constituted and alleges, among other things, that board members breached their fiduciary duties in connection with the acquisition. The complaint asserts both derivative claims and direct claims on behalf of a purported class and seeks, among other relief, unspecified monetary damages, attorneys’ fees and costs. On January 22, 2020, all of the director defendants except Elon Musk reached a settlement to resolve the lawsuit against them for an amount to be paid entirely under the applicable insurance policy. The settlement, which does not involve an admission of any wrongdoing by any party, was approved by the Court on August 17, 2020. Tesla received payment of approximately $ 43 million on September 16, 2020, which has been recognized in our consolidated statements of operations as a reduction to Selling, general and administrative operating expenses for costs previously incurred related to the acquisition of SolarCity. The trial was held from July 12 to July 23, 2021 and on August 16, 2021. On October 22, 2021, the Court approved the parties’ joint stipulation that (a) the class is decertified and the action shall continue exclusively as a derivative action under Court of Chancery Rule 23.1 and (b) the direct claims against Elon Musk are dismissed with prejudice. Following post-trial briefing, post-trial argument was held on January 18, 2022. On April 27, 2022, the Court entered judgment in favor of Mr. Musk on all counts. On May 26, 2022, the plaintiff filed a notice of appeal. Oral argument was held before the Supreme Court of Delaware on March 29, 2023. These plaintiffs and others filed parallel actions in the U.S. District Court for the District of Delaware on or about April 21, 2017. They include claims for violations of the federal securities laws and breach of fiduciary duties by Tesla’s board of directors. Those actions have been consolidated and stayed pending the above-referenced Chancery Court litigation. Litigation Relating to 2018 CEO Performance Award On June 4, 2018, a purported Tesla stockholder filed a putative class and derivative action in the Delaware Court of Chancery against Elon Musk and the members of Tesla’s board of directors as then constituted, alleging corporate waste, unjust enrichment and that such board members breached their fiduciary duties by approving the stock-based compensation plan awarded to Elon Musk in 2018. The complaint seeks, among other things, monetary damages and rescission or reformation of the stock-based compensation plan. On August 31, 2018, defendants filed a motion to dismiss the complaint; plaintiff filed its opposition brief on November 1, 2018; and defendants filed a reply brief on December 13, 2018. The hearing on the motion to dismiss was held on May 9, 2019. On September 20, 2019, the Court granted the motion to dismiss as to the corporate waste claim but denied the motion as to the breach of fiduciary duty and unjust enrichment claims. Defendants’ answer was filed on December 3, 2019. On January 25, 2021, the Court conditionally certified certain claims and a class of Tesla stockholders as a class action. On September 30, 2021, plaintiff filed a motion for leave to file a verified amended derivative complaint. On October 1, 2021, defendants Kimbal Musk and Steve Jurvetson moved for summary judgment as to the claims against them. Following the motion, plaintiff agreed to voluntarily dismiss the claims against Kimbal Musk and Steve Jurvetson. Plaintiff also moved for summary judgment on October 1, 2021. On October 27, 2021, the Court approved the parties’ joint stipulation that, among other things, (a) all claims against Kimbal Musk and Steve Jurvetson in the Complaint are dismissed with prejudice; (b) the class is decertified and the action shall continue exclusively as a derivative action under Court of Chancery Rule 23.1; and (c) the direct claims against the remaining defendants are dismissed with prejudice. On November 18, 2021, the remaining defendants (a) moved for partial summary judgment, (b) opposed plaintiff’s summary judgment motion and (c) opposed the plaintiff’s motion to amend his complaint. In January 2022, the case was assigned to a different judge. On February 24, 2022, the court (i) granted plaintiff’s motion to amend his complaint, and (ii) canceled oral argument on the summary judgment motions, stating that the court is “skeptical that this litigation can be resolved based on the undisputed facts” and the “case is going to trial,” but that the “parties may reassert their arguments made in support of summary judgment in their pre-trial and post-trial briefs.” Trial was held November 14-18, 2022. Post-trial briefing and argument are now complete. Litigation Related to Directors’ Compensation On June 17, 2020, a purported Tesla stockholder filed a derivative action in the Delaware Court of Chancery, purportedly on behalf of Tesla, against certain of Tesla’s current and former directors regarding compensation awards granted to Tesla’s directors, other than Elon Musk, between 2017 and 2020. The suit asserts claims for breach of fiduciary duty and unjust enrichment and seeks declaratory and injunctive relief, unspecified damages and other relief. Defendants filed their answer on September 17, 2020. Trial is currently set for November 27, 2023, to December 1, 2023. Litigation Relating to Potential Going Private Transaction Between August 10, 2018 and September 6, 2018, nine purported stockholder class actions were filed against Tesla and Elon Musk in connection with Mr. Musk’s August 7, 2018 Twitter post that he was considering taking Tesla private. On January 16, 2019, Plaintiffs filed their consolidated complaint in the United States District Court for the Northern District of California and added as defendants the members of Tesla’s board of directors. The consolidated complaint asserts claims for violations of the federal securities laws and seeks unspecified damages and other relief. The parties stipulated to certification of a class of stockholders, which the court granted on November 25, 2020. Trial started on January 17, 2023, and on February 3, 2023, a jury rendered a verdict in favor of the defendants on all counts. After trial, plaintiffs filed a motion for judgment as a matter of law and a motion for new trial, which the defendants opposed. Between October 17, 2018 and March 8, 2021, seven derivative lawsuits were filed in the Delaware Court of Chancery, purportedly on behalf of Tesla, against Mr. Musk and the members of Tesla’s board of directors, as constituted at relevant times, in relation to statements made and actions connected to a potential going private transaction, with certain of the lawsuits challenging additional Twitter posts by Mr. Musk, among other things. Five of those actions were consolidated, and all seven actions have been stayed pending resolution of the above-referenced consolidated purported stockholder class action. In addition to these cases, two derivative lawsuits were filed on October 25, 2018 and February 11, 2019 in the U.S. District Court for the District of Delaware, purportedly on behalf of Tesla, against Mr. Musk and the members of the Tesla board of directors as then constituted. Those cases have also been consolidated and stayed pending the entry of judgment in the above-referenced consolidated purported stockholder class action. On October 21, 2022, a lawsuit was filed in the Delaware Court of Chancery by a purported shareholder of Tesla alleging, among other things, that board members breached their fiduciary duties in connection with their oversight of the Company’s 2018 settlement with the SEC, as amended. Among other things, the plaintiff seeks reforms to the Company’s corporate governance and internal procedures, unspecified damages, and attorneys’ fees. The parties reached an agreement to stay the case until June 5, 2023. On November 15, 2021, JPMorgan Chase Bank (“JP Morgan”) filed a lawsuit against Tesla in the Southern District of New York alleging breach of a stock warrant agreement that was entered into as part of a convertible notes offering in 2014. In 2018, JP Morgan informed Tesla that it had adjusted the strike price based upon Mr. Musk’s August 7, 2018 Twitter post that he was considering taking Tesla private. Tesla disputed JP Morgan’s adjustment as a violation of the parties’ agreement. In 2021, Tesla delivered shares to JP Morgan per the agreement, which they duly accepted. JP Morgan now alleges that it is owed approximately $ 162 million as the value of additional shares that it claims should have been delivered as a result of the adjustment to the strike price in 2018. On January 24, 2022, Tesla filed multiple counterclaims as part of its answer to the underlying lawsuit, asserting among other points that JP Morgan should have terminated the stock warrant agreement in 2018 rather than make an adjustment to the strike price that it should have known would lead to a commercially unreasonable result. Tesla believes that the adjustments made by JP Morgan were neither proper nor commercially reasonable, as required under the stock warrant agreements. JP Morgan filed a motion for judgment on the pleadings, which Tesla opposed, and that motion is currently pending before the Court. Litigation and Investigations Relating to Alleged Discrimination and Harassment On October 4, 2021, in a case captioned Diaz v. Tesla , a jury in the Northern District of California returned a verdict against Tesla on claims by a former contingent worker that he was subjected to race discrimination while assigned to work at Tesla’s Fremont Factory from 2015-2016. On November 16, 2021, Tesla filed a post-trial motion for relief that included a request for a new trial or reduction of the jury’s damages. On April 13, 2022, the Court granted Tesla’s motion in part, reducing the total damages and conditionally denied the motion for a new trial subject to the plaintiff’s acceptance of the reduced award. On June 21, 2022, the plaintiff rejected the reduced award and, as a result, on June 27, 2022, the Court ordered a new trial on damages only, which commenced on March 27, 2023, after which a jury returned a verdict of $ 3,175,000 . As a result, the damages awarded against Tesla were reduced from an initial $ 136.9 million (October 4, 2021) down to $ 15 million (April 13, 2022), and then further down to $ 3.175 million (April 3, 2023). On February 9, 2022, shortly after the first Diaz jury verdict, the California Civil Rights Department (”CRD,” formerly “DFEH”) filed a civil complaint against Tesla in Alameda County, California Superior Court, alleging systemic race discrimination, hostile work environment and pay equity claims, among others. CRD’s amended complaint seeks monetary damages and injunctive relief. On September 22, 2022, Tesla filed a cross complaint against CRD, alleging that it violated the Administrative Procedures Act by failing to follow statutory pre-requisites prior to filing suit and that cross complaint was subject to a sustained demurrer, which Tesla later amended and refiled. The case is now in discovery. Additionally, on June 1, 2022 the Equal Employment Opportunity Commission (“EEOC”) issued a cause finding against Tesla that closely parallels the CRD’s allegations. Tesla will engage in a mandatory mediation with the EEOC in June 2023. On June 16, 2022, two Tesla stockholders filed separate derivative actions in the U.S. District Court for the Western District of Texas, purportedly on behalf of Tesla, against certain of Tesla’s current and former directors. Both suits assert claims for breach of fiduciary duty, unjust enrichment, and violation of the federal securities laws in connection with alleged race and gender discrimination and sexual harassment. Among other things, plaintiffs seek declaratory and injunctive relief, unspecified damages payable to Tesla, and attorneys’ fees. On July 22, 2022, the Court consolidated the two cases and on September 6, 2022, plaintiffs filed a consolidated complaint. On November 7, 2022, the defendants filed a motion to dismiss the case. Plaintiffs filed a response of January 13, 2023, and the defendants replied on February 17, 2023. Other Litigation Related to Our Products and Services We are also subject to various lawsuits, including proposed class actions, that seek monetary and other injunctive relief. For example, on September 14, 2022, a proposed class action was filed against Tesla, Inc. and related entities in the U.S. District Court for the Northern District of California, alleging various claims about the Company’s driver assistance technology systems under state and federal law. This case was later consolidated with several other proposed class actions, and a Consolidated Amended Complaint was filed on October 28, 2022, which seeks damages and other relief on behalf of all persons who purchased or leased from Tesla between January 1, 2016 to the present. On October 5, 2022 a proposed class action complaint was filed in the U.S. District Court for the Eastern District of New York asserting similar state and federal law claims against the same defendants. On March 22, 2023, the plaintiffs in the California consolidated action filed a motion for a preliminary injunction to order Tesla to (1) cease using the term “Full Self-Driving Capability” (FSDC), (2) cease the sale and activation of FSDC and deactivate FSDC on Tesla vehicles, and (3) provide certain notices to consumers about proposed court-findings about the accuracy of the use of the terms Autopilot and FSDC. On February 27, 2023, a proposed class action was filed in the U.S. District Court for the Northern District of California against Tesla, Inc., Elon Musk and certain current and former Company executives. The complaint alleges that the defendants made material misrepresentations and omissions about the Company’s Autopilot and FSDC technologies and seeks money damages and other relief on behalf of persons who purchased Tesla stock between February 19, 2019 and February 17, 2023. On April 13, 2023, a putative Tesla shareholder filed a related shareholder derivative complaint against the members of Tesla’s board of directors and certain current and former executives, alleging contribution for violations of the federal securities law, breach of fiduciary duties, waste, and unjust enrichment. The complaint asserts derivative claims and seeks, among other relief, unspecified monetary damages, attorneys’ fees and costs. On March 14, 2023 a proposed class action was filed in the U.S. District Court for the Northern District of California. Several similar complaints have also been filed in the same court. These complaints allege that Tesla violates federal antitrust and warranty laws through its repair, service, and maintenance practices and seeks, among other relief, damages for persons who paid Tesla for repairs services or Tesla compatible replacement parts from March 2019 to March 2023. The Company intends to vigorously defend itself in these matters; however, we cannot predict the outcome or impact. We are unable to reasonably estimate the possible loss or range of loss, if any, associated with these claims, unless noted. Certain Investigations and Other Matters We receive requests for information from regulators and governmental authorities, such as the National Highway Traffic Safety Administration, the National Transportation Safety Board, the SEC, the Department of Justice (“DOJ”) and various state, federal, and international agencies. We routinely cooperate with such regulatory and governmental requests, including subpoenas, formal and informal requests and other investigations and inquiries. For example, the SEC had issued subpoenas to Tesla in connection with Elon Musk’s prior statement that he was considering taking Tesla private. The take-private investigation was resolved and closed with a settlement entered into with the SEC in September 2018 and as further clarified in April 2019 in an amendment. The SEC also has periodically issued subpoenas to us seeking information on our governance processes around compliance with the SEC settlement, as amended. Separately, the company has received requests from the DOJ for documents related to Tesla’s Autopilot and FSD features. To our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred. We cannot predict the outcome or impact of any ongoing matters. Should the government decide to pursue an enforcement action, there exists the possibility of a material adverse impact on our business, results of operation, prospects, cash flows and financial position. We are also subject to various other legal proceedings and claims that arise from the normal course of business activities. If an unfavorable ruling or development were to occur, there exists the possibility of a material adverse impact on our business, results of operations, prospects, cash flows, financial position and brand.

Variable Interest Entity Arrang

Variable Interest Entity Arrangements	3 Months Ended
Variable Interest Entity Arrangements	Mar. 31, 2023
Variable Interest Entity Disclosure [Abstract]
Variable Interest Entity Arrangements	Note 10 – Variable Interest Entity Arrangements The aggregate carrying values of the variable interest entities’ assets and liabilities, after elimination of any intercompany transactions and balances, in the consolidated balance sheets were as follows (in millions): March 31, December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 58 $ 68 Accounts receivable, net 29 22 Prepaid expenses and other current assets 265 274 Total current assets 352 364 Solar energy systems, net 4,014 4,060 Other non-current assets 390 404 Total assets $ 4,756 $ 4,828 Liabilities Current liabilities Accrued liabilities and other $ 59 $ 69 Deferred revenue 9 10 Current portion of debt and finance leases 931 1,013 Total current liabilities 999 1,092 Deferred revenue, net of current portion 148 149 Debt and finance leases, net of current portion 761 971 Other long-term liabilities 3 3 Total liabilities $ 1,911 $ 2,215

Segment Reporting and Informati

Segment Reporting and Information about Geographic Areas	3 Months Ended
Segment Reporting and Information about Geographic Areas	Mar. 31, 2023
Segment Reporting [Abstract]
Segment Reporting and Information about Geographic Areas	Note 11 – Segment Reporting and Information about Geographic Areas We have two operating and reportable segments: (i) automotive and (ii) energy generation and storage. The following table presents revenues and gross profit by reportable segment (in millions): Three Months Ended March 31, 2023 2022 Automotive segment Revenues $ 21,800 $ 18,140 Gross profit $ 4,343 $ 5,532 Energy generation and storage segment Revenues $ 1,529 $ 616 Gross profit $ 168 $ ( 72 ) The following table presents revenues by geographic area based on the sales location of our products (in millions): Three Months Ended March 31, 2023 2022 United States $ 11,247 $ 8,734 China 4,891 4,650 Other international 7,191 5,372 Total $ 23,329 $ 18,756 The following table presents long-lived assets by geographic area (in millions): March 31, December 31, 2023 2022 United States $ 22,613 $ 21,667 Germany 3,850 3,547 China 2,953 2,978 Other international 980 845 Total $ 30,396 $ 29,037 The following table presents inventory by reportable segment (in millions): March 31, December 31, 2023 2022 Automotive $ 12,538 $ 10,996 Energy generation and storage 1,837 1,843 Total $ 14,375 $ 12,839

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2023
Accounting Policies [Abstract]
Unaudited Interim Financial Statements	Unaudited Interim Financial Statements The consolidated financial statements of Tesla, Inc. (“Tesla”, the “Company”, “we”, “us” or “our”), including the consolidated balance sheet as of March 31, 2023, the consolidated statements of operations, the consolidated statements of comprehensive income, the consolidated statements of redeemable noncontrolling interests and equity, and the consolidated statements of cash flows for the three months ended March 31, 2023 and 2022, as well as other information disclosed in the accompanying notes, are unaudited. The consolidated balance sheet as of December 31, 2022 was derived from the audited consolidated financial statements as of that date. The interim consolidated financial statements and the accompanying notes should be read in conjunction with the annual consolidated financial statements and the accompanying notes contained in our Annual Report on Form 10-K for the year ended December 31, 2022. The interim consolidated financial statements and the accompanying notes have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary for a fair statement of the results of operations for the periods presented. The consolidated results of operations for any interim period are not necessarily indicative of the results to be expected for the full year or for any other future years or interim periods.
Reclassifications	Reclassifications Certain prior period balances have been reclassified to conform to the current period presentation in the accompanying notes.
Revenue Recognition	Revenue Recognition Revenue by source The following table disaggregates our revenue by major source (in millions): Three Months Ended March 31, 2023 2022 Automotive sales $ 18,878 $ 15,514 Automotive regulatory credits 521 679 Energy generation and storage sales 1,413 503 Services and other 1,837 1,279 Total revenues from sales and services 22,649 17,975 Automotive leasing 564 668 Energy generation and storage leasing 116 113 Total revenues $ 23,329 $ 18,756 Automotive Segment Automotive Sales Revenue The total sales return reserve on vehicles sold with resale value guarantees was $ 68 million and $ 91 million as of March 31, 2023 and December 31, 2022, respectively, of which $ 34 million and $ 40 million was short-term, respectively. Deferred revenue is related to the access to our Full Self Driving (“FSD”) features and ongoing maintenance, internet connectivity, free Supercharging programs and over-the-air software updates primarily on automotive sales, which amounted to $ 3.04 billion and $ 2.91 billion as of March 31, 2023 and December 31, 2022, respectively. Deferred revenue is equivalent to the total transaction price allocated to the performance obligations that are unsatisfied, or partially unsatisfied, as of the balance sheet date. Revenue recognized from the deferred revenue balance as of December 31, 2022 and 2021 was $ 134 million and $ 66 million for three months ended March 31, 2023 and 2022, respectively. Of the total deferred revenue balance as of March 31, 2023, we expect to recognize $ 679 million of revenue in the next 12 months. The remaining balance will be recognized at the time of transfer of control of the product or over the performance period. We have been providing loans for financing our automotive deliveries in volume since fiscal year 2022. As of March 31, 2023 and December 31, 2022 , we have recorded net financing receivables on the consolidated balance sheets, of which $ 191 million and $ 128 million, respectively, is recorded within Accounts receivable, net, for the current portion and $ 966 million and $ 665 million, respectively, is recorded within Other non-current assets for the long-term portion. Automotive Regulatory Credits During the three months ended March 31, 2022 , we had also recognized $ 288 million in revenue due to changes in regulation which entitled us to additional consideration for credits sold previously. Automotive Leasing Revenue Direct Sales-Type Leasing Program For the three months ended March 31, 2023, we recognized $ 101 million of sales-type leasing revenue and $ 76 million of sales-type leasing cost of revenue. For the three months ended March 31, 2022, we recognized $ 265 million of sales-type leasing revenue and $ 164 million of sales-type leasing cost of revenue. Lease receivables relating to sales-type leases are presented on the consolidated balance sheets as follows (in millions): March 31, 2023 December 31, 2022 Gross lease receivables $ 886 $ 837 Unearned interest income ( 99 ) ( 95 ) Allowance for expected credit losses ( 5 ) ( 4 ) Net investment in sales-type leases $ 782 $ 738 Reported as: Prepaid expenses and other current assets $ 177 $ 164 Other non-current assets 605 574 Net investment in sales-type leases $ 782 $ 738 Energy Generation and Storage Segment Energy Generation and Storage Sales We record as deferred revenue any non-refundable amounts that are collected from customers related to fees charged for prepayments, which is recognized as revenue ratably over the respective customer contract term. As of March 31, 2023 and December 31, 2022, deferred revenue related to such customer payments amounted to $ 770 million and $ 863 million, respectively, mainly due to billings for milestone payments. Revenue recognized from the deferred revenue balance as of December 31, 2022 and 2021 was $ 230 million and $ 52 million for the three months ended March 31, 2023 and 2022, respectively. As of March 31, 2023, total transaction price allocated to performance obligations that were unsatisfied or partially unsatisfied for contracts with an original expected length of more than one year was $ 209 million. Of this amount, we expect to recognize $ 12 million in the next 12 months and the remaining over a period up to 25 years. We have been providing loans for financing our energy generation products in volume since fiscal year 2022. As of March 31, 2023 and December 31, 2022 , we have recorded net financing receivables on the consolidated balance sheets, of which $ 29 million and $ 24 million, respectively, is recorded within Accounts receivable, net, for the current portion and $ 448 million and $ 387 million, respectively, is recorded within Other non-current assets for the long-term portion.
Income Taxes	Income Taxes There are transactions that occur during the ordinary course of business for which the ultimate tax determination is uncertain. As of March 31, 2023 and December 31, 2022 , the aggregate balances of our gross unrecognized tax benefits were $ 926 million and $ 870 million, respectively, of which $ 578 million and $ 572 million, respectively, would not give rise to changes in our effective tax rate since these tax benefits would increase a deferred tax asset that is currently fully offset by a valuation allowance. We file income tax returns in the U.S. and various state and foreign jurisdictions. We are currently under examination by the Internal Revenue Service (“IRS”) for the years 2015 to 2018 . Additional tax years within the periods 2004 to 2014 and 2019 to 2021 remain subject to examination for federal income tax purposes. All net operating losses and tax credits generated to date are subject to adjustment for U.S. federal and state income tax purposes. Our returns for 2004 and subsequent tax years remain subject to examination in U.S. state and foreign jurisdictions. Given the uncertainty in timing and outcome of our tax examinations, an estimate of the range of the reasonably possible change in gross unrecognized tax benefits within twelve months cannot be made at this time.
Net Income per Share of Common Stock Attributable to Common Stockholders	Net Income per Share of Common Stock Attributable to Common Stockholders The following table presents the reconciliation of net income attributable to common stockholders to net income used in computing basic and diluted net income per share of common stock (in millions): Three Months Ended March 31, 2023 2022 Net income attributable to common stockholders $ 2,513 $ 3,318 Less: Buy-out of noncontrolling interest ( 5 ) 5 Net income used in computing basic net income per share of common stock 2,518 3,313 Less: Dilutive convertible debt 0 0 Net income used in computing diluted net income per share of common stock $ 2,518 $ 3,313 The following table presents the reconciliation of basic to diluted weighted average shares used in computing net income per share of common stock attributable to common stockholders, as adjusted to give effect to the three -for-one stock split effected in the form of a stock dividend in August 2022 (the “2022 Stock Split”) (in millions): Three Months Ended March 31, 2023 2022 Weighted average shares used in computing net income per share of common stock, basic 3,166 3,103 Add: Stock-based awards 289 313 Convertible senior notes 2 5 Warrants 11 51 Weighted average shares used in computing net income per share of common stock, diluted 3,468 3,472 The following table presents the potentially dilutive shares that were excluded from the computation of diluted net income per share of common stock attributable to common stockholders, because their effect was anti-dilutive, as adjusted to give effect to the 2022 Stock Split (in millions): Three Months Ended March 31, 2023 2022 Stock-based awards 25 2
Restricted Cash	Restricted Cash Our total cash and cash equivalents and restricted cash, as presented in the consolidated statements of cash flows, was as follows (in millions): March 31, December 31, March 31, December 31, 2023 2022 2022 2021 Cash and cash equivalents $ 16,048 $ 16,253 $ 17,505 $ 17,576 Restricted cash included in prepaid expenses and other 486 294 297 345 Restricted cash included in other non-current assets 236 377 238 223 Total as presented in the consolidated statements of cash flows $ 16,770 $ 16,924 $ 18,040 $ 18,144
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts Depending on the day of the week on which the end of a fiscal quarter falls, our accounts receivable balance may fluctuate as we are waiting for certain customer payments to clear through our banking institutions and receipts of payments from our financing partners, which can take up to approximately two weeks based on the contractual payment terms with such partners. Our accounts receivable balances associated with our sales of regulatory credits, which are typically transferred to other manufacturers during the last few days of the quarter, is dependent on contractual payment terms. Additionally, government rebates can take up to a year or more to be collected depending on the customary processing timelines of the specific jurisdictions issuing them. These various factors may have a significant impact on our accounts receivable balance from period to period. As of March 31, 2023 and December 31, 2022 , we had $ 575 million and $ 753 million, respectively, of long-term government rebates receivable in Other non-current assets in our consolidated balance sheets.
Financing Receivables	Financing Receivables As of March 31, 2023 and December 31, 2022, the majority of our financing receivables were at current status with only immaterial balances being past due. As of March 31, 2023, the majority of our financing receivables, excluding MyPower notes receivable, were originated in 2023 and 2022, and as of December 31, 2022, the majority of our financing receivables, excluding MyPower notes receivable, were originated in 2022. As of March 31, 2023 and December 31, 2022 , the total outstanding balance of MyPower customer notes receivable, net of allowance for expected credit losses, was $ 276 million and $ 280 million, respectively, of which $ 6 million and $ 7 million were due in the next 12 months as of March 31, 2023 and December 31, 2022, respectively. As of March 31, 2023 and December 31, 2022 , the allowance for expected credit losses was $ 37 million.
Concentration of Risk	Concentration of Risk Credit Risk Financial instruments that potentially subject us to a concentration of credit risk consist of cash, cash equivalents, investments, restricted cash, accounts receivable and other finance receivables. Our cash and investments balances are primarily comprised of deposits which are diversified among high credit quality financial institutions or invested in U.S. government securities. These deposits are typically in excess of insured limits. As of March 31, 2023 and December 31, 2022 , no entity represented 10 % or more of our total receivables balance. Supply Risk We are dependent on our suppliers, including single source suppliers, and the inability of these suppliers to deliver necessary components of our products in a timely manner at prices, quality levels and volumes acceptable to us, or our inability to efficiently manage these components from these suppliers, could have a material adverse effect on our business, prospects, financial condition and operating results.
Operating Lease Vehicles	Operating Lease Vehicles The gross cost of operating lease vehicles as of March 31, 2023 and December 31, 2022 was $ 6.56 billion and $ 6.08 billion, respectively. Operating lease vehicles on the consolidated balance sheets are presented net of accumulated depreciation of $ 1.09 billion and $ 1.04 billion as of March 31, 2023 and December 31, 2022 , respectively.
Warranties	Warranties Accrued warranty activity consisted of the following (in millions): Three Months Ended March 31, 2023 2022 Accrued warranty—beginning of period $ 3,505 $ 2,101 Warranty costs incurred ( 280 ) ( 151 ) Net changes in liability for pre-existing warranties, 208 15 Provision for warranty 532 322 Accrued warranty—end of period $ 3,965 $ 2,287
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently adopted accounting pronouncements In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2021-08, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (Topic 805). This ASU requires an acquirer in a business combination to recognize and measure contract assets and contract liabilities (deferred revenue) from acquired contracts using the revenue recognition guidance in Topic 606. At the acquisition date, the acquirer applies the revenue model as if it had originated the acquired contracts. The ASU is effective for annual periods beginning after December 15, 2022, including interim periods within those fiscal years. We adopted this ASU prospectively on January 1, 2023. This ASU has not and is currently not expected to have a material impact on our consolidated financial statements. In March 2022, the FASB issued ASU 2022-02, Troubled Debt Restructurings and Vintage Disclosures. This ASU eliminates the accounting guidance for troubled debt restructurings by creditors that have adopted ASU 2016-13, Measurement of Credit Losses on Financial Instruments, which we adopted on January 1, 2020. This ASU also enhances the disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. In addition, the ASU amends the guidance on vintage disclosures to require entities to disclose current period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of ASC 326-20. The ASU is effective for annual periods beginning after December 15, 2022, including interim periods within those fiscal years. We adopted the ASU prospectively on January 1, 2023. This ASU has not and is currently not expected to have a material impact on our consolidated financial statements. On August 16, 2022, the Inflation Reduction Act of 2022 (“IRA”) was enacted into law and is effective for taxable years beginning after December 31, 2022. The IRA includes multiple incentives to promote clean energy, electric vehicles, battery and energy storage manufacture or purchase, in addition to a new corporate alternative minimum tax of 15 % on adjusted financial statement income of corporations with profits greater than $ 1 billion. Some of these measures are expected to materially affect our consolidated financial statements. For the three month period ended March 31, 2023, the impact was primarily a reduction of our material costs. We will continue to evaluate the effects of IRA as more guidance is issued and the relevant implications to our consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
Summary of Significant Accounting Policies (Tables)	Mar. 31, 2023
Accounting Policies [Abstract]
Schedule of Disaggregation of Revenue by Major Source	The following table disaggregates our revenue by major source (in millions): Three Months Ended March 31, 2023 2022 Automotive sales $ 18,878 $ 15,514 Automotive regulatory credits 521 679 Energy generation and storage sales 1,413 503 Services and other 1,837 1,279 Total revenues from sales and services 22,649 17,975 Automotive leasing 564 668 Energy generation and storage leasing 116 113 Total revenues $ 23,329 $ 18,756
Lease Receivables Relating to Sales-Type Lease	Lease receivables relating to sales-type leases are presented on the consolidated balance sheets as follows (in millions): March 31, 2023 December 31, 2022 Gross lease receivables $ 886 $ 837 Unearned interest income ( 99 ) ( 95 ) Allowance for expected credit losses ( 5 ) ( 4 ) Net investment in sales-type leases $ 782 $ 738 Reported as: Prepaid expenses and other current assets $ 177 $ 164 Other non-current assets 605 574 Net investment in sales-type leases $ 782 $ 738
Schedule of Reconciliation of Net Income Used in Computing Basic and Diluted Net Income Per Share of Common Stock and Basic to Diluted Weighted Average Shares Used in Computing Net Income Per Share of Common Stock	The following table presents the reconciliation of net income attributable to common stockholders to net income used in computing basic and diluted net income per share of common stock (in millions): Three Months Ended March 31, 2023 2022 Net income attributable to common stockholders $ 2,513 $ 3,318 Less: Buy-out of noncontrolling interest ( 5 ) 5 Net income used in computing basic net income per share of common stock 2,518 3,313 Less: Dilutive convertible debt 0 0 Net income used in computing diluted net income per share of common stock $ 2,518 $ 3,313 The following table presents the reconciliation of basic to diluted weighted average shares used in computing net income per share of common stock attributable to common stockholders, as adjusted to give effect to the three -for-one stock split effected in the form of a stock dividend in August 2022 (the “2022 Stock Split”) (in millions): Three Months Ended March 31, 2023 2022 Weighted average shares used in computing net income per share of common stock, basic 3,166 3,103 Add: Stock-based awards 289 313 Convertible senior notes 2 5 Warrants 11 51 Weighted average shares used in computing net income per share of common stock, diluted 3,468 3,472
Schedule of Potentially Dilutive Shares that were Excluded from Computation of Diluted Net Income per Share of Common Stock	The following table presents the potentially dilutive shares that were excluded from the computation of diluted net income per share of common stock attributable to common stockholders, because their effect was anti-dilutive, as adjusted to give effect to the 2022 Stock Split (in millions): Three Months Ended March 31, 2023 2022 Stock-based awards 25 2
Schedule of Cash and Cash Equivalents and Restricted Cash	Our total cash and cash equivalents and restricted cash, as presented in the consolidated statements of cash flows, was as follows (in millions): March 31, December 31, March 31, December 31, 2023 2022 2022 2021 Cash and cash equivalents $ 16,048 $ 16,253 $ 17,505 $ 17,576 Restricted cash included in prepaid expenses and other 486 294 297 345 Restricted cash included in other non-current assets 236 377 238 223 Total as presented in the consolidated statements of cash flows $ 16,770 $ 16,924 $ 18,040 $ 18,144
Schedule of Accrued Warranty Activity	Accrued warranty activity consisted of the following (in millions): Three Months Ended March 31, 2023 2022 Accrued warranty—beginning of period $ 3,505 $ 2,101 Warranty costs incurred ( 280 ) ( 151 ) Net changes in liability for pre-existing warranties, 208 15 Provision for warranty 532 322 Accrued warranty—end of period $ 3,965 $ 2,287

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
Fair Value of Financial Instruments (Tables)	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	Our assets and liabilities that were measured at fair value on a recurring basis were as follows (in millions): March 31, 2023 December 31, 2022 Fair Value Level I Level II Level III Fair Value Level I Level II Level III Money market funds $ 483 $ 483 $ — $ — $ 2,188 $ 2,188 $ — $ — U.S. government securities 1,418 — 1,418 — 894 — 894 — Corporate debt securities 836 — 836 — 885 — 885 — Certificates of deposit and time deposits 4,550 — 4,550 — 4,253 — 4,253 — Total $ 7,287 $ 483 $ 6,804 $ — $ 8,220 $ 2,188 $ 6,032 $ —
Schedule of Cash, Cash Equivalents and Marketable Securities	Our cash, cash equivalents and investments classified by security type as of March 31, 2023 and December 31, 2022 consisted of the following (in millions): March 31, 2023 Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash and Cash Equivalents Short-Term Investments Cash $ 15,115 $ — $ — $ 15,115 $ 15,115 $ — Money market funds 483 — — 483 483 — U.S. government securities 1,420 — ( 2 ) 1,418 — 1,418 Corporate debt securities 852 1 ( 17 ) 836 — 836 Certificates of deposit and time deposits 4,550 — — 4,550 450 4,100 Total cash, cash equivalents and short-term investments $ 22,420 $ 1 $ ( 19 ) $ 22,402 $ 16,048 $ 6,354 December 31, 2022 Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash and Cash Equivalents Short-Term Investments Cash $ 13,965 $ — $ — $ 13,965 $ 13,965 $ — Money market funds 2,188 — — 2,188 2,188 — U.S. government securities 897 — ( 3 ) 894 — 894 Corporate debt securities 907 — ( 22 ) 885 — 885 Certificates of deposit and time deposits 4,252 1 — 4,253 100 4,153 Total cash, cash equivalents and short-term investments $ 22,209 $ 1 $ ( 25 ) $ 22,185 $ 16,253 $ 5,932
Summary of Fair Value of Marketable Securities by Contractual Maturities	The following table summarizes the fair value of our investments by stated contractual maturities as of March 31, 2023 (in millions): Due in 1 year or less $ 5,637 Due in 1 year through 5 years 569 Due in 5 years through 10 years 148 Total $ 6,354
Schedule of Estimated Fair Values and Carrying Values	The following table presents the estimated fair values and the carrying values (in millions): March 31, 2023 December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value 2024 Notes $ 37 $ 375 $ 37 $ 223 Digital assets, net $ 184 $ 325 $ 184 $ 191

Inventory (Tables)

Inventory (Tables)	3 Months Ended
Inventory (Tables)	Mar. 31, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory	Our inventory consisted of the following (in millions): March 31, December 31, 2023 2022 Raw materials $ 6,405 $ 6,137 Work in process 2,458 2,385 Finished goods (1) 4,591 3,475 Service parts 921 842 Total $ 14,375 $ 12,839 (1) Finished goods inventory includes vehicles in transit to fulfill customer orders, new vehicles available for sale, used vehicles and energy products available for sale.

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	3 Months Ended
Property, Plant and Equipment, Net (Tables)	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment, Net	Our property, plant and equipment, net, consisted of the following (in millions): March 31, December 31, 2023 2022 Machinery, equipment, vehicles and office furniture $ 14,139 $ 13,558 Tooling 2,696 2,579 Leasehold improvements 2,551 2,366 Land and buildings 8,144 7,751 Computer equipment, hardware and software 2,299 2,072 Construction in progress 4,894 4,263 34,723 32,589 Less: Accumulated depreciation ( 9,754 ) ( 9,041 ) Total $ 24,969 $ 23,548

Accrued Liabilities and Other (

Accrued Liabilities and Other (Tables)	3 Months Ended
Accrued Liabilities and Other (Tables)	Mar. 31, 2023
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities and Other Current Liabilities	Our accrued liabilities and other current liabilities consisted of the following (in millions): March 31, December 31, 2023 2022 Accrued purchases (1) $ 2,640 $ 2,747 Taxes payable (2) 1,371 1,235 Payroll and related costs 1,064 1,026 Accrued warranty reserve, current portion 1,123 1,025 Sales return reserve, current portion 267 270 Operating lease liabilities, current portion 509 485 Other current liabilities 347 354 Total $ 7,321 $ 7,142 (1) Accrued purchases primarily reflects receipts of goods and services for which we had not yet been invoiced. As we are invoiced for these goods and services, this balance will reduce and accounts payable will increase. (2) Taxes payable includes value added tax, income tax, sales tax, property tax and use tax payables.

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	3 Months Ended
Other Long-Term Liabilities (Tables)	Mar. 31, 2023
Other Liabilities [Abstract]
Schedule of Other Long-term Liabilities	Our other long-term liabilities consisted of the following (in millions): March 31, December 31, 2023 2022 Operating lease liabilities $ 2,389 $ 2,164 Accrued warranty reserve 2,842 2,480 Other non-current liabilities 748 686 Total other long-term liabilities $ 5,979 $ 5,330

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Mar. 31, 2023
Debt Disclosure [Abstract]
Summary of Debt and Finance Leases	The following is a summary of our debt and finance leases as of March 31, 2023 (in millions): Unpaid Unused Net Carrying Value Principal Committed Contractual Contractual Current Long-Term Balance Amount (1) Interest Rates Maturity Date Recourse debt: 2024 Notes $ — $ 37 $ 37 $ — 2.00 % May 2024 RCF Credit Agreement — — — 5,000 Not applicable January 2028 Solar Bonds — 7 7 — 4.70 - 5.75 % March 2025 - January 2031 Total recourse debt — 44 44 5,000 Non-recourse debt: Automotive Asset-backed Notes 903 410 1,317 — 0.36 - 4.64 % February 2024 - September 2025 Solar Asset-backed Notes 4 12 16 — 4.80 % December 2026 Cash Equity Debt 28 351 389 — 5.25 - 5.81 % July 2033 - January 2035 Automotive Lease-backed Credit Facilities — — — 155 Not applicable September 2024 Total non-recourse debt 935 773 1,722 155 Total debt 935 817 $ 1,766 $ 5,155 Finance leases 469 455 Total debt and finance leases $ 1,404 $ 1,272 The following is a summary of our debt and finance leases as of December 31, 2022 (in millions): Unpaid Unused Net Carrying Value Principal Committed Contractual Contractual Current Long-Term Balance Amount (2) Interest Rates Maturity Date Recourse debt: 2024 Notes $ — $ 37 $ 37 $ — 2.00 % May 2024 Credit Agreement — — — 2,266 Not applicable July 2023 Solar Bonds — 7 7 — 4.70 - 5.75 % March 2025 - January 2031 Total recourse debt — 44 44 2,266 Non-recourse debt: Automotive Asset-backed Notes 984 613 1,603 — 0.36 - 4.64 % December 2023 - September 2025 Solar Asset-backed Notes 4 13 17 — 4.80 % December 2026 Cash Equity Debt 28 359 397 — 5.25 - 5.81 % July 2033 - January 2035 Automotive Lease-backed Credit Facilities — — — 151 Not applicable September 2024 Total non-recourse debt 1,016 985 2,017 151 Total debt 1,016 1,029 $ 2,061 $ 2,417 Finance leases 486 568 Total debt and finance leases $ 1,502 $ 1,597 (1) There are no restrictions on draw-down or use for general corporate purposes with respect to any available committed funds under our credit facilities, except certain specified conditions prior to draw-down, including pledging our leased vehicles and our interests in those leases and as may be described below and in the notes to the consolidated financial statements included in our report on Form 10-K for the year ended December 31, 2022. (2) There are no restrictions on draw-down or use for general corporate purposes with respect to any available committed funds under our credit facilities, except certain specified conditions prior to draw-down, including pledging to our lenders sufficient amounts of qualified receivables, inventories, leased vehicles and our interests in those leases or various other assets and as may be described in the notes to the consolidated financial statements included in our report on Form 10-K for the year ended December 31, 2022.

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	3 Months Ended
Equity Incentive Plans (Tables)	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Stock-Based Compensation Expense	The following table summarizes our stock-based compensation expense by line item in the consolidated statements of operations (in millions): Three Months Ended March 31, 2023 2022 Cost of revenues $ 192 $ 131 Research and development 134 143 Selling, general and administrative 92 144 Total $ 418 $ 418

Variable Interest Entity Arra_2

Variable Interest Entity Arrangements (Tables)	3 Months Ended
Variable Interest Entity Arrangements (Tables)	Mar. 31, 2023
Variable Interest Entity Disclosure [Abstract]
Carrying Values of Assets and Liabilities of Subsidiary in Consolidated Balance Sheets	The aggregate carrying values of the variable interest entities’ assets and liabilities, after elimination of any intercompany transactions and balances, in the consolidated balance sheets were as follows (in millions): March 31, December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 58 $ 68 Accounts receivable, net 29 22 Prepaid expenses and other current assets 265 274 Total current assets 352 364 Solar energy systems, net 4,014 4,060 Other non-current assets 390 404 Total assets $ 4,756 $ 4,828 Liabilities Current liabilities Accrued liabilities and other $ 59 $ 69 Deferred revenue 9 10 Current portion of debt and finance leases 931 1,013 Total current liabilities 999 1,092 Deferred revenue, net of current portion 148 149 Debt and finance leases, net of current portion 761 971 Other long-term liabilities 3 3 Total liabilities $ 1,911 $ 2,215

Segment Reporting and Informa_2

Segment Reporting and Information about Geographic Areas (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Total Revenues and Gross Profit by Reportable Segment	The following table presents revenues and gross profit by reportable segment (in millions): Three Months Ended March 31, 2023 2022 Automotive segment Revenues $ 21,800 $ 18,140 Gross profit $ 4,343 $ 5,532 Energy generation and storage segment Revenues $ 1,529 $ 616 Gross profit $ 168 $ ( 72 )
Schedule of Revenues by Geographic Area	The following table presents revenues by geographic area based on the sales location of our products (in millions): Three Months Ended March 31, 2023 2022 United States $ 11,247 $ 8,734 China 4,891 4,650 Other international 7,191 5,372 Total $ 23,329 $ 18,756
Schedule of Long-Lived Assets by Geographic Area	The following table presents long-lived assets by geographic area (in millions): March 31, December 31, 2023 2022 United States $ 22,613 $ 21,667 Germany 3,850 3,547 China 2,953 2,978 Other international 980 845 Total $ 30,396 $ 29,037
Schedule of Inventory by Reportable Segment	The following table presents inventory by reportable segment (in millions): March 31, December 31, 2023 2022 Automotive $ 12,538 $ 10,996 Energy generation and storage 1,837 1,843 Total $ 14,375 $ 12,839

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Schedule of Disaggregation of Revenue by Major Source (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation Of Revenue [Line Items]
Total revenues	$ 23,329	$ 18,756
Services and Other [Member]
Disaggregation Of Revenue [Line Items]
Revenues	1,837	1,279
Sales and Services [Member]
Disaggregation Of Revenue [Line Items]
Revenues	22,649	17,975
Automotive Leasing [Member]
Disaggregation Of Revenue [Line Items]
Revenues	564	668
Automotive \| Automotive Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenues	18,878	15,514
Automotive \| Automotive Regulatory Credits [Member]
Disaggregation Of Revenue [Line Items]
Revenues	521	679
Energy Generation and Storage [Member]
Disaggregation Of Revenue [Line Items]
Total revenues	21,800	18,140
Energy Generation and Storage [Member] \| Energy Generation and Storage Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenues	1,413	503
Energy Generation and Storage [Member] \| Energy Generation and Storage Leasing [Member]
Disaggregation Of Revenue [Line Items]
Revenues	$ 116	$ 113

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions		3 Months Ended		12 Months Ended
	Aug. 16, 2022 USD ($)	Mar. 31, 2023 USD ($) Customer	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) Customer
Summary Of Significant Accounting Policies [Line Items]
Deferred revenue		$ 3,040		$ 2,910
Deferred revenue recognized out of prior period balance		134	$ 66
Deferred revenue recognized in next 12 months		679
Revenue Due to Changes in Regulation			288
Financing receivable, Net		191		128
Total sales return reserve from buyback options		68		91
Sales return reserve from short term buyback options		34		$ 40
Revenue recognized		230
Unbilled transaction price allocated to performance obligations, expected of more than one year		$ 209
Number of customers representing more than ten percentage of accounts receivable \| Customer		0		0
Allowance for credit losses		$ 37		$ 37
MyPower customer notes receivable, net of allowance for credit losses		276		280
MyPower customer notes receivable, net of allowance for credit losses, current		6		7
Other non-current assets		$ 4,584		$ 4,193
Accounts receivable from OEM customers excess percentage		10%		10%
Gross cost of operating lease vehicles		$ 6,560		$ 6,080
Net accumulated depreciation related to leased vehicles		1,090		1,040
Sales-type leasing revenue		101	265
Sales-type leasing cost of revenue		76	$ 164
Unrecognized tax benefits		926		870
Unrecognized tax benefits, that would not affect effective tax rate		$ 578		572
Stock split ratio		3	3
Stock split description		three-for-one stock split effected in the form of a stock dividend in August 2022	three-for-one stock split effected in the form of a stock dividend in August 2022
Minimum tax rate	15%
Profits from income of corporations	$ 1,000
Other Non-current Assets [Member]
Summary Of Significant Accounting Policies [Line Items]
Financing receivable, Net		$ 966		665
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Income tax examination, years		2019
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Income tax examination, years		2021
Government Rebates Receivables [Member]
Summary Of Significant Accounting Policies [Line Items]
Other non-current assets		$ 575		753
Federal [Member] \| Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Income tax examination, years		2004
Federal [Member] \| Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Income tax examination, years		2014
IRS [Member] \| Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Income tax examination, years		2015
IRS [Member] \| Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Income tax examination, years		2018
Energy Generation and Storage [Member]
Summary Of Significant Accounting Policies [Line Items]
Financing receivable, Net		$ 29		24
Energy Generation and Storage [Member] \| Other Non-current Assets [Member]
Summary Of Significant Accounting Policies [Line Items]
Financing receivable, Net		448		387
Customer payments [Member] \| Energy Generation and Storage [Member]
Summary Of Significant Accounting Policies [Line Items]
Deferred revenue		770		$ 863
Deferred revenue recognized in next 12 months		$ 12
Revenue recognized			$ 52

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Additional Information (Detail1)	Mar. 31, 2023
Customer payments [Member] \| Energy Generation and Storage [Member] \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-04-01
Summary Of Significant Accounting Policies [Line Items]
Deferred revenue, expected to recognize period	25 years

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Lease Receivables Relating to Sales - Type Lease (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Summary Of Significant Accounting Policies [Line Items]
Gross lease receivables	$ 886	$ 837
Unearned interest income	(99)	(95)
Allowance for expected credit losses	(5)	(4)
Net investment in sales-type leases	782	738
Prepaid Expenses and Other Current Assets [Member]
Summary Of Significant Accounting Policies [Line Items]
Net investment in sales-type leases	177	164
Other Noncurrent Assets [Member]
Summary Of Significant Accounting Policies [Line Items]
Net investment in sales-type leases	$ 605	$ 574

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Schedule of Reconciliation of Net Income Used in Computing Basic and Diluted Net Income Per Share of Common Stock and Basic to Diluted Weighted Average Shares Used in Computing Net Income Per Share of Common Stock (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accounting Policies [Abstract]
Net income attributable to common stockholders	$ 2,513	$ 3,318
Less: Buy-out of noncontrolling interest	(5)	5
Net income used in computing basic net income per share of common stock	2,518	3,313
Less: Dilutive convertible debt	0	0
Net income used in computing diluted net income per share of common stock	$ 2,518	$ 3,313

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Schedule of Reconciliation of Basic to Diluted Weighted Average Shares Used in Computing Net Income Per Share of Common Stock Attributable to Common Stockholders (Detail) - shares shares in Millions		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Accounting Policies [Abstract]
Weighted average shares used in computing net income per share of common stock, basic	[1]	3,166	3,103
Stock-based awards		289	313
Convertible senior notes		2	5
Warrants		11	51
Weighted average shares used in computing net income per share of common stock, diluted	[1]	3,468	3,472

[1] Prior period results have been adjusted to reflect the three -for-one stock split effected in the form of a stock dividend in August 2022 .

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Schedule of Potentially Dilutive Shares that were Excluded from Computation of Diluted Net Income per Share of Common Stock (Detail) - shares shares in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Stock-based awards [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potential common shares excluded from computation of net income (loss) per share	25	2

Summary of Significant Accou_11

Summary of Significant Accounting Policies - Schedule of Cash and Cash Equivalents and Restricted Cash (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 16,048	$ 16,253	$ 17,505	$ 17,576
Restricted cash included in prepaid expenses and other current assets	486	294	297	345
Restricted cash included in other non-current assets	236	377	238	223
Total as presented in the consolidated statements of cash flows	$ 16,770	$ 16,924	$ 18,040	$ 18,144

Summary of Significant Accou_12

Summary of Significant Accounting Policies - Schedule of Accrued Warranty Activity (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Standard Product Warranty Disclosure [Abstract]
Accrued warranty—beginning of period	$ 3,505	$ 2,101
Warranty costs incurred	(280)	(151)
Net changes in liability for pre-existing warranties, including expirations and foreign exchange impact	208	15
Provision for warranty	532	322
Accrued warranty—end of period	$ 3,965	$ 2,287

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total	$ 7,287	$ 8,220
Corporate debt securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	836	885
Certificates of deposit and time deposits [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	4,550	4,253
U.S. government securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	1,418	894
Money market funds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	483	2,188
Level I [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total	483	2,188
Level I [Member] \| Corporate debt securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	0	0
Level I [Member] \| Certificates of deposit and time deposits [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	0	0
Level I [Member] \| U.S. government securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	0	0
Level I [Member] \| Money market funds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	483	2,188
Level II [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total	6,804	6,032
Level II [Member] \| Corporate debt securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	836	885
Level II [Member] \| Certificates of deposit and time deposits [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	4,550	4,253
Level II [Member] \| U.S. government securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	1,418	894
Level II [Member] \| Money market funds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	0	0
Level III [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total	0	0
Level III [Member] \| Corporate debt securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	0	0
Level III [Member] \| Certificates of deposit and time deposits [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	0	0
Level III [Member] \| U.S. government securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	0	0
Level III [Member] \| Money market funds [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Pledged or restricted cash, receivables, inventory, SRECs, solar energy systems and property and equipment as collateral	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Schedule of Cash, Cash Equivalents and Marketable Securities (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Adjusted Cost	$ 22,420	$ 22,209
Gross Unrealized Gains	1	1
Gross Unrealized Losses	(19)	(25)
Fair Value	22,402	22,185
Short-term investments	6,354	5,932
U.S. government securities [Member]
Marketable Securities [Line Items]
Adjusted Cost	1,420	897
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2)	(3)
Fair Value	1,418	894
Short-term investments	1,418	894
Cash and Cash Equivalents	0	0
Cash and Cash Equivalents [Member]
Marketable Securities [Line Items]
Cash and Cash Equivalents	16,048	16,253
Corporate debt securities [Member]
Marketable Securities [Line Items]
Adjusted Cost	852	907
Gross Unrealized Gains	1	0
Gross Unrealized Losses	(17)	(22)
Fair Value	836	885
Short-term investments	836	885
Cash and Cash Equivalents	0	0
Certificates of deposit and time deposits [Member]
Marketable Securities [Line Items]
Adjusted Cost	4,550	4,252
Gross Unrealized Gains	0	1
Gross Unrealized Losses	0	0
Fair Value	4,550	4,253
Short-term investments	4,100	4,153
Cash and Cash Equivalents	450	100
Cash [Member]
Marketable Securities [Line Items]
Adjusted Cost	15,115	13,965
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	15,115	13,965
Short-term investments	0	0
Cash and Cash Equivalents	15,115	13,965
Money Market Funds [Member]
Marketable Securities [Line Items]
Adjusted Cost	483	2,188
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	483	2,188
Short-term investments	0	0
Cash and Cash Equivalents	$ 483	$ 2,188

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Summary of Fair Value of Marketable Securities by Contractual Maturities (Details) $ in Millions	Mar. 31, 2023 USD ($)
Investments, Debt and Equity Securities [Abstract]
Due in 1 year or less	$ 5,637
Due in 1 year through 5 years	569
Due in 5 years through 10 years	148
Total	$ 6,354

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Additional Information (Detail) - 2.00% Convertible Senior Notes due in 2024 [Member] - Recourse debt [Member]	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest Rate	2%	2%
Maturity year	2024

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Schedule of Estimated Fair Values and Carrying Values (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Carrying Value	$ 817	$ 1,029
Digital assets net, Carrying Value	184	184
2024 Notes [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Carrying Value	37	37
Fair Value	375	223
Digital Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Digital assets net, Carrying Value	184	184
Digital assets net, Fair Value	$ 325	$ 191

Inventory - Schedule of Invento

Inventory - Schedule of Inventory (Detail) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials		$ 6,405	$ 6,137
Work in process		2,458	2,385
Finished goods	[1]	4,591	3,475
Service parts		921	842
Total		$ 14,375	$ 12,839

[1] Finished goods inventory includes vehicles in transit to fulfill customer orders, new vehicles available for sale, used vehicles and energy products available for sale.

Inventory - Additional Informat

Inventory - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Inventory [Line Items]
Inventory write-downs	$ 50	$ 33
Cost of Revenues [Member]
Inventory [Line Items]
Inventory write-downs	$ 39	$ 26

Property, Plant and Equipment_3

Property, Plant and Equipment, Net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Property Plant And Equipment [Line Items]
Depreciation expense	$ 722	$ 551

Property, Plant and Equipment_4

Property, Plant and Equipment, Net - Schedule of Property, Plant and Equipment, Net (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 34,723	$ 32,589
Less: Accumulated depreciation	(9,754)	(9,041)
Property, plant and equipment, net	24,969	23,548
Machinery, equipment, vehicles and office furniture [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	14,139	13,558
Tooling [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	2,696	2,579
Leasehold improvements [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	2,551	2,366
Land and buildings [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	8,144	7,751
Computer equipment, hardware and software [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	2,299	2,072
Construction in progress [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 4,894	$ 4,263

Accrued Liabilities and Other -

Accrued Liabilities and Other - Schedule of Accrued Liabilities and Other Current Liabilities (Detail) - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued purchases	[1]	$ 2,640	$ 2,747
Taxes payable	[2]	1,371	1,235
Payroll and related costs		1,064	1,026
Accrued warranty reserve, current portion		1,123	1,025
Sales return reserve, current portion		267	270
Operating lease liabilities, current portion		509	485
Other current liabilities		347	354
Total		$ 7,321	$ 7,142

[1] Accrued purchases primarily reflects receipts of goods and services for which we had not yet been invoiced. As we are invoiced for these goods and services, this balance will reduce and accounts payable will increase. Taxes payable includes value added tax, income tax, sales tax, property tax and use tax payables.

Other Long-Term Liabilities - S

Other Long-Term Liabilities - Schedule of Other Long-term Liabilities (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Liabilities, Noncurrent [Abstract]
Operating lease liabilities	$ 2,389	$ 2,164
Accrued warranty reserve	2,842	2,480
Other non-current liabilities	748	686
Total other long-term liabilities	$ 5,979	$ 5,330

Debt - Summary of Debt and Fina

Debt - Summary of Debt and Finance Leases (Detail) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Mar. 31, 2023		Dec. 31, 2022
Debt Instrument [Line Items]
Net Carrying Value, Current		$ 935		$ 1,016
Net Carrying Value, Long-Term		817		1,029
Unpaid Principal Balance		1,766		2,061
Unused Committed Amount		5,155	[1]	2,417	[2]
Net Carrying Value Finance leases, Current		469		486
Net Carrying Value Finance leases, Long-Term		455		568
Current portion of debt and finance leases		1,404		1,502
Net Carrying Value Total debt and finance leases, Long-Term		1,272		1,597
Recourse debt [Member]
Debt Instrument [Line Items]
Net Carrying Value, Long-Term		44		44
Unpaid Principal Balance		44		44
Unused Committed Amount		5,000	[1]	2,266	[2]
Recourse debt [Member] \| 2.00% Convertible Senior Notes due in 2024 [Member]
Debt Instrument [Line Items]
Net Carrying Value, Long-Term		37		37
Unpaid Principal Balance		$ 37		$ 37
Debt Instrument Interest Rate Stated Percentage		2%		2%
Contractual Maturity Date		2024-05		2024-05
Recourse debt [Member] \| Credit Agreement [Member]
Debt Instrument [Line Items]
Unused Committed Amount	[2]			$ 2,266
Contractual Maturity Date				2023-07
Recourse debt [Member] \| RCF Credit Agreement [Member]
Debt Instrument [Line Items]
Unused Committed Amount	[1]	$ 5,000
Contractual Maturity Date		2028-01
Recourse debt [Member] \| Solar Bonds [Member]
Debt Instrument [Line Items]
Net Carrying Value, Long-Term		$ 7		$ 7
Unpaid Principal Balance		$ 7		$ 7
Contractual Maturity Date, Start		2025-03		2025-03
Contractual Maturity Date, End		2031-01		2031-01
Recourse debt [Member] \| Solar Bonds [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage		4.70%		4.70%
Recourse debt [Member] \| Solar Bonds [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage		5.75%		5.75%
Non-recourse debt [Member]
Debt Instrument [Line Items]
Net Carrying Value, Current		$ 935		$ 1,016
Net Carrying Value, Long-Term		773		985
Unpaid Principal Balance		1,722		2,017
Unused Committed Amount		155	[1]	151	[2]
Non-recourse debt [Member] \| Automotive Asset-backed Notes [Member]
Debt Instrument [Line Items]
Net Carrying Value, Current		903		984
Net Carrying Value, Long-Term		410		613
Unpaid Principal Balance		$ 1,317		$ 1,603
Contractual Maturity Date, Start		2024-02		2023-12
Contractual Maturity Date, End		2025-09		2025-09
Non-recourse debt [Member] \| Automotive Asset-backed Notes [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage		0.36%		0.36%
Non-recourse debt [Member] \| Automotive Asset-backed Notes [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage		4.64%		4.64%
Non-recourse debt [Member] \| Solar Asset-backed Notes [Member]
Debt Instrument [Line Items]
Net Carrying Value, Current		$ 4		$ 4
Net Carrying Value, Long-Term		12		13
Unpaid Principal Balance		$ 16		$ 17
Debt Instrument Interest Rate Stated Percentage		4.80%		4.80%
Contractual Maturity Date		2026-12		2026-12
Non-recourse debt [Member] \| Cash Equity Debt [Member]
Debt Instrument [Line Items]
Net Carrying Value, Current		$ 28		$ 28
Net Carrying Value, Long-Term		351		359
Unpaid Principal Balance		$ 389		$ 397
Contractual Maturity Date, Start		2033-07		2033-07
Contractual Maturity Date, End		2035-01		2035-01
Non-recourse debt [Member] \| Cash Equity Debt [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage		5.25%		5.25%
Non-recourse debt [Member] \| Cash Equity Debt [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage		5.81%		5.81%
Non-recourse debt [Member] \| Automotive Lease-backed Credit Facilities [Member]
Debt Instrument [Line Items]
Unused Committed Amount		$ 155	[1]	$ 151	[2]
Contractual Maturity Date		2024-09		2024-09

[1] There are no restrictions on draw-down or use for general corporate purposes with respect to any available committed funds under our credit facilities, except certain specified conditions prior to draw-down, including pledging our leased vehicles and our interests in those leases and as may be described below and in the notes to the consolidated financial statements included in our report on Form 10-K for the year ended December 31, 2022. There are no restrictions on draw-down or use for general corporate purposes with respect to any available committed funds under our credit facilities, except certain specified conditions prior to draw-down, including pledging to our lenders sufficient amounts of qualified receivables, inventories, leased vehicles and our interests in those leases or various other assets and as may be described in the notes to the consolidated financial statements included in our report on Form 10-K for the year ended December 31, 2022.

Debt - 2024 Notes - Additional

Debt - 2024 Notes - Additional Information (Details) - Senior Notes [Member]	3 Months Ended
	Mar. 31, 2023 Days
Minimum [Member]
Debt Instrument [Line Items]
Debt instrument convertible, percentage of conversion price	130%
One Hundred Thirty Percent Applicable Conversion Price [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt instrument convertible trading days	20
One Hundred Thirty Percent Applicable Conversion Price [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt instrument convertible trading days	30

Equity Incentive Plans - Additi

Equity Incentive Plans - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation	$ 418	$ 418
Performance Based Stock Option [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation	25	$ 69
2021 Performance-Based Stock Option & RSU Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation expense	$ 170
Weighted-average period of recognition of unrecognized compensation, in years	3 years
Number of RSUs, Granted			2.2

Equity Incentive Plans - Summar

Equity Incentive Plans - Summary of Stock-Based Compensation Expense (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 418	$ 418
Cost of revenues [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	192	131
Research and development [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	134	143
Selling, general and administrative [Member]
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 92	$ 144

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)

1 Months Ended

4 Months Ended

29 Months Ended

Apr. 03, 2023 USD ($)

Mar. 27, 2023 USD ($)

Jul. 22, 2022 Plaintiff

Jun. 16, 2022 Tesla

Apr. 13, 2022 USD ($)

Oct. 04, 2021 USD ($)

Sep. 16, 2020 USD ($)

Sep. 06, 2018 Plaintiff

Oct. 05, 2016 Plaintiff

Feb. 11, 2019 Plaintiff

Mar. 08, 2021 Plaintiff

Nov. 15, 2021 USD ($)

Commitments And Contingencies [Line Items]

Loss contingency number of purported stockholder class actions filed

Number of lawsuits filed

Number of consolidated actions

Number of pending resolutions

Number Of Tesla Stockholders | Tesla

Litigation Relating to Alleged Race Discrimination | $

$ 3,175,000

$ 136,900,000

Total damages awarded relating to alleged race discrimination | $

$ 3,175,000

$ 15,000,000

Lawsuit in the Court of Chancery of the State of Delaware by purported stockholders of Tesla challenging SolarCity Acquisition [Member]

Commitments And Contingencies [Line Items]

Number of lawsuits filed

Received payment from litigation | $

$ 43,000,000

JPMorgan Chase Bank (JP Morgan)

Commitments And Contingencies [Line Items]

Additional shares claim value | $

$ 162,000,000

Variable Interest Entity Arra_3

Variable Interest Entity Arrangements - Carrying Values of Assets and Liabilities of Subsidiary in Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 16,048	$ 16,253	$ 17,505	$ 17,576
Accounts receivable, net	2,993	2,952
Prepaid expenses and other current assets	3,227	2,941
Total current assets	42,997	40,917
Non-current assets
Other non-current assets	4,584	4,193
Total assets	86,833	82,338
Current liabilities
Accrued liabilities and other	7,321	7,142
Deferred revenue	1,750	1,747
Current portion of debt and finance leases	1,404	1,502
Total current liabilities	27,436	26,709
Deferred revenue, net of current portion	2,911	2,804
Debt and finance leases, net of current portion	1,272	1,597
Other long-term liabilities	5,979	5,330
Total liabilities	37,598	36,440
Variable Interest Entities (VIEs) [Member]
Current assets
Cash and cash equivalents	58	68
Accounts receivable, net	29	22
Prepaid expenses and other current assets	265	274
Total current assets	352	364
Non-current assets
Other non-current assets	390	404
Total assets	4,756	4,828
Current liabilities
Accrued liabilities and other	59	69
Deferred revenue	9	10
Current portion of debt and finance leases	931	1,013
Total current liabilities	999	1,092
Deferred revenue, net of current portion	148	149
Debt and finance leases, net of current portion	761	971
Other long-term liabilities	3	3
Total liabilities	1,911	2,215
Variable Interest Entities (VIEs) [Member] \| Solar Energy Systems [Member]
Non-current assets
Solar energy systems, net	$ 4,014	$ 4,060

Segment Reporting and Informa_3

Segment Reporting and Information about Geographic Areas - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2023 Segment
Segment Reporting [Abstract]
Number of operating segment	2
Number of reportable segment	2

Segment Reporting and Informa_4

Segment Reporting and Information about Geographic Areas - Schedule of Total Revenues and Gross Profit by Reportable Segment (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Revenue Reconciling Item [Line Items]
Total revenues	$ 23,329	$ 18,756
Gross profit	4,511	5,460
Automotive Segment [Member]
Segment Reporting Revenue Reconciling Item [Line Items]
Total revenues	1,529	616
Gross profit	4,343	5,532
Energy Generation and Storage [Member]
Segment Reporting Revenue Reconciling Item [Line Items]
Total revenues	21,800	18,140
Gross profit	$ 168	$ (72)

Segment Reporting and Informa_5

Segment Reporting and Information about Geographic Areas - Schedule of Revenues by Geographic Area (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 23,329	$ 18,756
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	11,247	8,734
China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	4,891	4,650
Other International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenues	$ 7,191	$ 5,372

Segment Reporting and Informa_6

Segment Reporting and Information about Geographic Areas - Schedule of Long-Lived Assets by Geographic Area (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	$ 30,396	$ 29,037
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	22,613	21,667
Germany[Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	3,850	3,547
China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	2,953	2,978
Other International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	$ 980	$ 845

Segment Reporting and Informa_7

Segment Reporting and Information about Geographic Areas - Schedule of inventory by reportable segment (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total inventory	$ 14,375	$ 12,839
Automotive [Member]
Segment Reporting Information [Line Items]
Total inventory	12,538	10,996
Energy Generation and Storage [Member]
Segment Reporting Information [Line Items]
Total inventory	$ 1,837	$ 1,843