Tesla (TSLA) 10-Q23 Jul 242024 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2024	Jul. 18, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-34756
Entity Registrant Name	Tesla, Inc.
Entity Incorporation, State or Country Code	TX
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
Security 12b Title	Common stock
Trading Symbol	TSLA
Security Exchange Name	NASDAQ
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		3,194,640,415
Entity Central Index Key	0001318605
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 14,635	$ 16,398
Short-term investments	16,085	12,696
Accounts receivable, net	3,737	3,508
Inventory	14,195	13,626
Prepaid expenses and other current assets	4,325	3,388
Total current assets	52,977	49,616
Property, plant and equipment, net	32,902	29,725
Operating lease right-of-use assets	4,563	4,180
Digital assets, net	184	184
Intangible assets, net	164	178
Goodwill	249	253
Deferred tax assets	6,692	6,733
Other non-current assets	4,458	4,531
Total assets	112,832	106,618
Current liabilities
Accounts payable	13,056	14,431
Accrued liabilities and other	9,616	9,080
Deferred revenue	2,793	2,864
Current portion of debt and finance leases	2,264	2,373
Total current liabilities	27,729	28,748
Debt and finance leases, net of current portion	5,481	2,857
Deferred revenue, net of current portion	3,357	3,251
Other long-term liabilities	9,002	8,153
Total liabilities	45,569	43,009
Commitments and contingencies (Note 10)
Redeemable noncontrolling interests in subsidiaries	72	242
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; 3,194 and 3,185 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	3	3
Additional paid-in capital	36,443	34,892
Accumulated other comprehensive loss	(467)	(143)
Retained earnings	30,489	27,882
Total stockholders’ equity	66,468	62,634
Noncontrolling interests in subsidiaries	723	733
Total liabilities and equity	112,832	106,618
Operating Lease Vehicles
Current assets
Operating lease vehicles, net	5,541	5,989
Solar energy systems, net
Current assets
Solar energy systems, net	$ 5,102	$ 5,229

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	6,000,000,000	6,000,000,000
Common stock, shares issued (in shares)	3,194,000,000	3,185,000,000
Common stock, shares outstanding (in shares)	3,194,000,000	3,185,000,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues
Revenues	$ 25,500	$ 24,927	$ 46,801	$ 48,256
Cost of revenues
Total cost of revenues	20,922	20,394	38,527	39,212
Gross profit	4,578	4,533	8,274	9,044
Operating expenses
Research and development	1,074	943	2,225	1,714
Selling, general and administrative	1,277	1,191	2,651	2,267
Restructuring and other	622	0	622	0
Total operating expenses	2,973	2,134	5,498	3,981
Income from operations	1,605	2,399	2,776	5,063
Interest income	348	238	698	451
Interest expense	(86)	(28)	(162)	(57)
Other income (expense), net	20	328	128	280
Income before income taxes	1,887	2,937	3,440	5,737
Provision for income taxes	393	323	802	584
Net income	1,494	2,614	2,638	5,153
Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries	16	(89)	31	(63)
Net income attributable to common stockholders	$ 1,478	$ 2,703	$ 2,607	$ 5,216
Net income per share of common stock attributable to common stockholders
Basic (in dollars per share)	$ 0.46	$ 0.85	$ 0.83	$ 1.65
Diluted (in dollars per share)	$ 0.42	$ 0.78	$ 0.76	$ 1.50
Weighted average shares used in computing net income per share of common stock
Basic (in shares)	3,191	3,171	3,189	3,168
Diluted (in shares)	3,481	3,478	3,483	3,473
Automotive Revenues
Revenues
Revenues	$ 19,878	$ 21,268	$ 37,256	$ 41,231
Cost of revenues
Total cost of revenues	16,207	17,179	30,373	32,934
Automotive sales
Revenues
Revenues	18,530	20,419	34,990	39,297
Cost of revenues
Total cost of revenues	15,962	16,841	29,859	32,263
Automotive regulatory credits
Revenues
Revenues	890	282	1,332	803
Automotive leasing
Revenues
Revenues	458	567	934	1,131
Cost of revenues
Total cost of revenues	245	338	514	671
Energy generation and storage
Revenues
Revenues	3,014	1,509	4,649	3,038
Cost of revenues
Total cost of revenues	2,274	1,231	3,506	2,592
Services and other
Revenues
Revenues	2,608	2,150	4,896	3,987
Cost of revenues
Total cost of revenues	$ 2,441	$ 1,984	$ 4,648	$ 3,686

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 1,494	$ 2,614	$ 2,638	$ 5,153
Other comprehensive income (loss):
Foreign currency translation adjustment	(72)	(184)	(324)	(54)
Unrealized net gain (loss) on investments, net of tax	4	(5)	0	1
Adjustment for net loss realized and included in net income	0	4	0	4
Comprehensive income	1,426	2,429	2,314	5,104
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries	16	(89)	31	(63)
Comprehensive income attributable to common stockholders	$ 1,410	$ 2,518	$ 2,283	$ 5,167

Consolidated Statements of Rede

Consolidated Statements of Redeemable Noncontrolling Interest and Equity - USD ($) shares in Millions, $ in Millions	Total	Total Stockholders’ Equity	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Noncontrolling Interests in Subsidiaries
Beginning Balance at Dec. 31, 2022	$ 409
Redeemable Noncontrolling Interests
Distributions to noncontrolling interests	(14)
Buy-outs of noncontrolling interests	(3)
Net income	(104)
Ending Balance at Jun. 30, 2023	288
Balance (in shares) at Dec. 31, 2022			3,164
Balance at Dec. 31, 2022	45,489	$ 44,704	$ 3	$ 32,177	$ (361)	$ 12,885	$ 785
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for equity incentive awards (in shares)			10
Issuance of common stock for equity incentive awards	294	294		294
Stock-based compensation	960	960		960
Distributions to noncontrolling interests	(50)						(50)
Buy-outs of noncontrolling interests	(7)	5		5			(12)
Net income	5,257	5,216				5,216	41
Other comprehensive income (loss)	(49)	(49)			(49)
Balance (in shares) at Jun. 30, 2023			3,174
Balance at Jun. 30, 2023	51,894	51,130	$ 3	33,436	(410)	18,101	764
Beginning Balance at Mar. 31, 2023	407
Redeemable Noncontrolling Interests
Distributions to noncontrolling interests	(9)
Buy-outs of noncontrolling interests	(3)
Net income	(107)
Ending Balance at Jun. 30, 2023	288
Balance (in shares) at Mar. 31, 2023			3,169
Balance at Mar. 31, 2023	48,828	48,054	$ 3	32,878	(225)	15,398	774
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for equity incentive awards (in shares)			5
Issuance of common stock for equity incentive awards	63	63		63
Stock-based compensation	495	495		495
Distributions to noncontrolling interests	(28)						(28)
Net income	2,721	2,703				2,703	18
Other comprehensive income (loss)	(185)	(185)			(185)
Balance (in shares) at Jun. 30, 2023			3,174
Balance at Jun. 30, 2023	51,894	51,130	$ 3	33,436	(410)	18,101	764
Beginning Balance at Dec. 31, 2023	242
Redeemable Noncontrolling Interests
Distributions to noncontrolling interests	(8)
Buy-outs of noncontrolling interests	(166)
Net income	4
Ending Balance at Jun. 30, 2024	72
Balance (in shares) at Dec. 31, 2023			3,185
Balance at Dec. 31, 2023	63,367	62,634	$ 3	34,892	(143)	27,882	733
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for equity incentive awards (in shares)			9
Issuance of common stock for equity incentive awards	447	447		447
Stock-based compensation	1,062	1,062		1,062
Distributions to noncontrolling interests	(37)						(37)
Buy-outs of noncontrolling interests	42	42		42
Net income	2,634	2,607				2,607	27
Other comprehensive income (loss)	(324)	(324)			(324)
Balance (in shares) at Jun. 30, 2024			3,194
Balance at Jun. 30, 2024	67,191	66,468	$ 3	36,443	(467)	30,489	723
Beginning Balance at Mar. 31, 2024	73
Redeemable Noncontrolling Interests
Distributions to noncontrolling interests	(2)
Net income	1
Ending Balance at Jun. 30, 2024	72
Balance (in shares) at Mar. 31, 2024			3,189
Balance at Mar. 31, 2024	65,107	64,378	$ 3	35,763	(399)	29,011	729
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for equity incentive awards (in shares)			5
Issuance of common stock for equity incentive awards	196	196		196
Stock-based compensation	484	484		484
Distributions to noncontrolling interests	(21)						(21)
Net income	1,493	1,478				1,478	15
Other comprehensive income (loss)	(68)	(68)			(68)
Balance (in shares) at Jun. 30, 2024			3,194
Balance at Jun. 30, 2024	$ 67,191	$ 66,468	$ 3	$ 36,443	$ (467)	$ 30,489	$ 723

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities
Net income	$ 2,638	$ 5,153
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and impairment	2,524	2,200
Stock-based compensation	963	863
Inventory and purchase commitments write-downs	146	217
Foreign currency transaction net unrealized gain	(90)	(283)
Deferred income taxes	133	(203)
Non-cash interest and other operating activities	63	59
Changes in operating assets and liabilities:
Accounts receivable	(285)	(504)
Inventory	(914)	(2,116)
Operating lease vehicles	(49)	(1,387)
Prepaid expenses and other assets	(1,630)	(1,631)
Accounts payable, accrued and other liabilities	249	2,549
Deferred revenue	106	661
Net cash provided by operating activities	3,854	5,578
Cash Flows from Investing Activities
Purchases of property and equipment excluding finance leases, net of sales	(5,043)	(4,132)
Purchases of solar energy systems, net of sales	(6)	(1)
Purchases of investments	(14,765)	(7,090)
Proceeds from maturities of investments	11,305	5,143
Proceeds from sales of investments	200	138
Business combinations, net of cash acquired	0	(76)
Net cash used in investing activities	(8,309)	(6,018)
Cash Flows from Financing Activities
Proceeds from issuances of debt	3,895	0
Repayments of debt	(1,222)	(543)
Proceeds from exercises of stock options and other stock issuances	448	294
Principal payments on finance leases	(206)	(222)
Debt issuance costs	(5)	(13)
Distributions paid to noncontrolling interests in subsidiaries	(50)	(67)
Payments for buy-outs of noncontrolling interests in subsidiaries	(124)	(10)
Net cash provided by (used in) financing activities	2,736	(561)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(116)	(44)
Net decrease in cash and cash equivalents and restricted cash	(1,835)	(1,045)
Cash and cash equivalents and restricted cash, beginning of period	17,189	16,924
Cash and cash equivalents and restricted cash, end of period	15,354	15,879
Supplemental Non-Cash Investing and Financing Activities
Acquisitions of property and equipment included in liabilities	2,099	1,831
Leased assets obtained in exchange for finance lease liabilities	28	4
Leased assets obtained in exchange for operating lease liabilities	$ 797	$ 1,083

Overview & Summary of Significa

Overview & Summary of Significant Accounting Policies	6 Months Ended
Overview & Summary of Significant Accounting Policies	Jun. 30, 2024
Accounting Policies [Abstract]
Overview & Summary of Significant Accounting Policies	Overview & Summary of Significant Accounting Policies Overview Tesla, Inc. (“Tesla”, the “Company”, “we”, “us” or “our”) was incorporated in the State of Delaware on July 1, 2003 and converted to a Texas corporation on June 13, 2024. Unaudited Interim Financial Statements The consolidated financial statements, including the consolidated balance sheet as of June 30, 2024, the consolidated statements of operations, the consolidated statements of comprehensive income, the consolidated statements of redeemable noncontrolling interests and equity for the three and six months ended June 30, 2024 and 2023, and the consolidated statements of cash flows for the six months ended June 30, 2024 and 2023, as well as other information disclosed in the accompanying notes, are unaudited. The consolidated balance sheet as of December 31, 2023 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, 2023. 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 consolidated financial statements and the accompanying notes. Revenue Recognition Revenue by source The following table disaggregates our revenue by major source (in millions): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Automotive sales $ 18,530 $ 20,419 $ 34,990 $ 39,297 Automotive regulatory credits 890 282 1,332 803 Energy generation and storage sales 2,866 1,359 4,388 2,772 Services and other 2,608 2,150 4,896 3,987 Total revenues from sales and services 24,894 24,210 45,606 46,859 Automotive leasing 458 567 934 1,131 Energy generation and storage leasing 148 150 261 266 Total revenues $ 25,500 $ 24,927 $ 46,801 $ 48,256 Automotive Segment Automotive Sales Deferred revenue related to the access to our Full Self Driving (Supervised) (“FSD”) Capability features and their ongoing maintenance, internet connectivity, free Supercharging programs and over-the-air software updates primarily on automotive sales amounted to $3.66 billion and $3.54 billion as of June 30, 2024 and December 31, 2023, 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 balances as of December 31, 2023 and 2022 was $482 million and $256 million for the six months ended June 30, 2024 and 2023, respectively. Of the total deferred revenue balance as of June 30, 2024, we expect to recognize $940 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 financing receivables on our consolidated balance sheets related to loans we provide for financing our automotive deliveries. As of June 30, 2024 and December 31, 2023, we have current net financing receivables of $244 million and $242 million, respectively, in Accounts receivable, net, and $919 million and $1.04 billion, respectively, in Other non-current assets for the long-term portion. We offer resale value guarantees to our commercial banking partners in connection with certain vehicle leasing programs. Under these programs, we originate the lease with our end customer and immediately transfer the lease and the underlying vehicle to our commercial banking partner, with the transaction being accounted for as a sale under ASC 606, Revenue from Contracts with Customers . We estimate a guarantee liability in accordance with ASC 460, Guarantees and record it within other liabilities on our consolidated balance sheet. On a quarterly basis, we assess the estimated market value of vehicles sold under this program to determine whether there have been changes to the amount of expected resale value guarantee payments. The total recorded guarantee liabilities on vehicles sold under this program were immaterial as of June 30, 2024 and December 31, 2023. Our maximum exposure on the guarantees we provide if they are unable to sell the vehicle at or above the vehicle’s contractual residual value at the end of the lease term was $807 million and $166 million as of June 30, 2024 and December 31, 2023, respectively. Automotive Regulatory Credits As of June 30, 2024, 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 $4.90 billion. Of this amount, we expect to recognize $459 million in the next 12 months and the rest over the remaining performance obligation period. Additionally, changes in regulations on automotive regulatory credits may significantly impact our remaining performance obligations and revenue to be recognized under these contracts. Automotive Leasing Revenue Direct Sales-Type Leasing Program Lease receivables relating to sales-type leases are presented on the consolidated balance sheets as follows (in millions): June 30, 2024 December 31, 2023 Gross lease receivables $ 628 $ 780 Unearned interest income (55) (78) Allowance for expected credit losses (6) (6) Net investment in sales-type leases $ 567 $ 696 Reported as: Prepaid expenses and other current assets $ 177 $ 189 Other non-current assets 390 507 Net investment in sales-type leases $ 567 $ 696 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 prepayments, which is recognized as revenue ratably over the respective customer contract term. As of June 30, 2024 and December 31, 2023, deferred revenue related to such customer payments amounted to $1.49 billion and $1.60 billion, respectively, mainly due to contractual payment terms. Revenue recognized from the deferred revenue balances as of December 31, 2023 and 2022 was $873 million and $329 million for the six months ended June 30, 2024 and 2023, respectively. As of June 30, 2024, 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 $5.71 billion. Of this amount, we expect to recognize $2.56 billion in the next 12 months and the rest over the remaining performance obligation period. We have financing receivables on our consolidated balance sheets related to loans we provide for financing our energy products. As of June 30, 2024 and December 31, 2023, we have current net financing receivables of $28 million and $31 million, respectively, in Accounts receivable, net, and $626 million and $578 million, respectively, in Other non-current assets for the long-term portion. Income Taxes We are subject to income taxes in the U.S. and in many foreign jurisdictions. Significant judgment is required in determining our provision for income taxes, our deferred tax assets and liabilities and any valuation allowance recorded against our net deferred tax assets that are not more likely than not to be realized. We monitor the realizability of our deferred tax assets taking into account all relevant factors at each reporting period. In completing our assessment of realizability of our deferred tax assets, we consider our history of income (loss) measured at pre-tax income (loss) adjusted for permanent book-tax differences on a jurisdictional basis, volatility in actual earnings, excess tax benefits related to stock-based compensation in recent prior years and impacts of the timing of reversal of existing temporary differences. We also rely on our assessment of the Company’s projected future results of business operations, including uncertainty in future operating results relative to historical results, volatility in the market price of our common stock and its performance over time, variable macroeconomic conditions impacting our ability to forecast future taxable income, and changes in business that may affect the existence and magnitude of future taxable income. Our valuation allowance assessment is based on our best estimate of future results considering all available information. Our provision for or benefit from income taxes for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, we update our estimate of the annual effective tax rate, and if our estimated tax rate changes, we make a cumulative adjustment. 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net income attributable to common stockholders $ 1,478 $ 2,703 $ 2,607 $ 5,216 Less: Buy-out of noncontrolling interest — — (42) (5) Net income used in computing basic and diluted net income per share of common stock $ 1,478 $ 2,703 $ 2,649 $ 5,221 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 (in millions): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Weighted average shares used in computing net income per share of common stock, basic 3,191 3,171 3,189 3,168 Add: Stock-based awards 278 294 282 292 Convertible senior notes 1 2 1 2 Warrants 11 11 11 11 Weighted average shares used in computing net income per share of common stock, diluted 3,481 3,478 3,483 3,473 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 (in millions): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Stock-based awards 25 15 24 17 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): June 30, December 31, June 30, December 31, Cash and cash equivalents $ 14,635 $ 16,398 $ 15,296 $ 16,253 Restricted cash included in prepaid expenses and other current assets 374 543 384 294 Restricted cash included in other non-current assets 345 248 199 377 Total as presented in the consolidated statements of cash flows $ 15,354 $ 17,189 $ 15,879 $ 16,924 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 sales of energy storage products are dependent on billing milestones and payment terms negotiated for each contract, and our accounts receivable balances associated with our sales of regulatory credits are 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 June 30, 2024 and December 31, 2023, government rebates receivable was $419 million and $378 million, respectively, in Accounts receivable, net for the current portion and $44 million and $207 million, respectively, in Other non-current assets for the long-term portion in our consolidated balance sheets. Financing Receivables As of June 30, 2024 and December 31, 2023, the vast majority of our financing receivables were at current status with an immaterial balance being past due. As of June 30, 2024 and December 31, 2023, the majority of our financing receivables, excluding MyPower notes receivable, were originated in 2023 and 2022. As of June 30, 2024 and December 31, 2023, the total outstanding balance of MyPower customer notes receivable, net of allowance for expected credit losses, was $256 million and $266 million, respectively, of which $5 million was due in the next 12 months. As of June 30, 2024 and December 31, 2023, the allowance for expected credit losses was $36 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 on deposit at high credit quality financial institutions or invested in highly rated, investment-grade securities. These deposits are typically in excess of insured limits. As of June 30, 2024 and December 31, 2023, 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. Warranties Accrued warranty activity consisted of the following (in millions): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Accrued warranty—beginning of period $ 5,353 $ 3,965 $ 5,152 $ 3,505 Warranty costs incurred (340) (296) (668) (576) Net changes in liability for pre-existing warranties, including expirations and foreign exchange impact 72 188 51 396 Provision for warranty 710 608 1,260 1,140 Accrued warranty—end of period $ 5,795 $ 4,465 $ 5,795 $ 4,465 Recent Accounting Pronouncements Recently issued accounting pronouncements not yet adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Improvements to Reportable Segment Disclosures (Topic 280). This ASU updates reportable segment disclosure requirements by requiring disclosures of significant reportable segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of a segment's profit or loss. This ASU also requires disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM uses the reported measures of a segment’s profit or loss in assessing segment performance and deciding how to allocate resources. The ASU is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Adoption of the ASU should be applied retrospectively to all prior periods presented in the financial statements. Early adoption is also permitted. This ASU will likely result in us including the additional required disclosures when adopted. We are currently evaluating the provisions of this ASU and expect to adopt them for the year ending December 31, 2024. In December 2023, the FASB issued ASU No. 2023-08, Accounting for and Disclosure of Crypto Assets (Subtopic 350-60). This ASU requires certain crypto assets to be measured at fair value separately on the balance sheet with changes reported in the income statement each reporting period. This ASU also enhances the other intangible asset disclosure requirements by requiring the name, cost basis, fair value, and number of units for each significant crypto asset holding. The ASU is effective for annual periods beginning after December 15, 2024, including interim periods within those fiscal years. Adoption of the ASU requires a cumulative-effect adjustment to the opening balance of retained earnings as of the beginning of the annual reporting period in which an entity adopts the amendments. Early adoption is also permitted, including adoption in an interim period. However, if the ASU is early adopted in an interim period, an entity must adopt the ASU as of the beginning of the fiscal year that includes the interim period. This ASU will result in gains and losses recorded in the consolidated financial statements of operations and additional disclosures when adopted. We are currently evaluating the adoption of this ASU and it could materially affect the carrying value of our crypto assets held and the gains and losses relating thereto, depending on the fair value at adoption. In December 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (Topic 740). The ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as additional information on income taxes paid. The ASU is effective on a prospective basis for annual periods beginning after December 15, 2024. Early adoption is also permitted for annual financial statements that have not yet been issued or made available for issuance. This ASU will likely result in the required additional disclosures being included in our consolidated financial statements, once adopted.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
Fair Value of Financial Instruments	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	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): June 30, 2024 December 31, 2023 Fair Value Level I Level II Level III Fair Value Level I Level II Level III Certificates of deposit and time deposits $ 8,488 $ — $ 8,488 $ — $ 6,996 $ — $ 6,996 $ — Commercial paper 4,311 — 4,311 — 470 — 470 — U.S. government securities 3,312 — 3,312 — 5,136 — 5,136 — Corporate debt securities 372 — 372 — 480 — 480 — Money market funds 10 10 — — 109 109 — — Total $ 16,493 $ 10 $ 16,483 $ — $ 13,191 $ 109 $ 13,082 $ — 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, commercial paper, 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 June 30, 2024 and December 31, 2023 consisted of the following (in millions): June 30, 2024 Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash and Cash Equivalents Short-Term Investments Cash $ 14,227 $ — $ — $ 14,227 $ 14,227 $ — Certificates of deposit and time deposits 8,488 — — 8,488 — 8,488 Commercial paper 4,311 2 (2) 4,311 — 4,311 U.S. government securities 3,314 — (2) 3,312 398 2,914 Corporate debt securities 374 — (2) 372 — 372 Money market funds 10 — — 10 10 — Total cash, cash equivalents and short-term investments $ 30,724 $ 2 $ (6) $ 30,720 $ 14,635 $ 16,085 December 31, 2023 Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash and Cash Equivalents Short-Term Investments Cash $ 15,903 $ — $ — $ 15,903 $ 15,903 $ — Certificates of deposit and time deposits 6,995 1 — 6,996 — 6,996 U.S. government securities 5,136 1 (1) 5,136 277 4,859 Corporate debt securities 485 1 (6) 480 — 480 Commercial paper 470 — — 470 109 361 Money market funds 109 — — 109 109 — Total cash, cash equivalents and short-term investments $ 29,098 $ 3 $ (7) $ 29,094 $ 16,398 $ 12,696 We record gross realized gains, losses and credit losses as a component of Other income, net in the consolidated statements of operations. For the three and six months ended June 30, 2024 and 2023, we did not recognize any material gross realized gains, losses or credit losses. The ending allowance balances for credit losses were immaterial as of June 30, 2024 and December 31, 2023. We have determined that the gross unrealized losses on our investments as of June 30, 2024 and December 31, 2023 were temporary in nature. The following table summarizes the fair value of our investments by stated contractual maturities as of June 30, 2024 (in millions): Due in 1 year or less $ 15,832 Due in 1 year through 5 years 234 Due in 5 years through 10 years 19 Total $ 16,085 Disclosure of Fair Values Our financial instruments that are not re-measured at fair value include accounts receivable, financing receivables, other receivables, digital assets, accounts payable, accrued liabilities, customer deposits and debt. The carrying values of these financial instruments materially approximate their fair values, other than our 2.00% Convertible Senior Notes due in 2024 (“2024 Notes”), which matured in the second quarter of 2024, and digital assets. We estimated 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): June 30, 2024 December 31, 2023 Carrying Value Fair Value Carrying Value Fair Value 2024 Notes $ — $ — $ 37 $ 443 Digital assets, net $ 184 $ 722 $ 184 $ 487

Inventory

Inventory	6 Months Ended
Inventory	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventory	Inventory Our inventory consisted of the following (in millions): June 30, December 31, Raw materials $ 5,768 $ 5,390 Work in process 1,977 2,016 Finished goods (1) 5,254 5,049 Service parts 1,196 1,171 Total $ 14,195 $ 13,626 (1) Finished goods inventory includes products-in-transit to fulfill customer orders, new vehicles, used vehicles and energy products available for sale. We write-down inventory for any excess or obsolete inventory or when we believe that the net realizable value of inventory is less than the carrying value. During the three and six months ended June 30, 2024, we recorded write-downs of $29 million and $68 million, respectively, in Cost of revenues in the consolidated statements of operations. During the three and six months ended June 30, 2023, we recorded write-downs of $66 million and $105 million, respectively, in Cost of revenues in the consolidated statements of operations.

Property, Plant and Equipment,

Property, Plant and Equipment, Net	6 Months Ended
Property, Plant and Equipment, Net	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, Net	Property, Plant and Equipment, Net Our property, plant and equipment, net, consisted of the following (in millions): June 30, December 31, Machinery, equipment, vehicles and office furniture $ 17,363 $ 16,309 Land and buildings 10,280 9,498 Leasehold improvements 3,398 3,136 Tooling 3,616 3,129 Computer equipment, hardware and software 2,649 2,409 AI infrastructure 2,468 1,510 Construction in progress 6,776 5,791 46,550 41,782 Less: Accumulated depreciation (13,648) (12,057) Total $ 32,902 $ 29,725 Construction in progress is primarily comprised of ongoing construction and expansion of our facilities, equipment and tooling related to the manufacturing of our products as well as AI-related assets which have not yet been placed in service.

Accrued Liabilities and Other

Accrued Liabilities and Other	6 Months Ended
Accrued Liabilities and Other	Jun. 30, 2024
Payables and Accruals [Abstract]
Accrued Liabilities and Other	Accrued Liabilities and Other Our accrued liabilities and other current liabilities consisted of the following (in millions): June 30, December 31, Accrued purchases (1) $ 2,428 $ 2,721 Accrued warranty reserve, current portion 1,713 1,546 Payroll and related costs 1,487 1,325 Taxes payable (2) 1,100 1,204 Customer deposits 949 876 Operating lease liabilities, current portion 748 672 Sales return reserve, current portion 169 219 Other current liabilities 1,022 517 Total $ 9,616 $ 9,080 (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 primarily includes value added tax, income tax, sales tax, property tax and use tax payables.

Other Long-Term Liabilities

Other Long-Term Liabilities	6 Months Ended
Other Long-Term Liabilities	Jun. 30, 2024
Other Liabilities [Abstract]
Other Long-Term Liabilities	Other Long-Term Liabilities Our other long-term liabilities consisted of the following (in millions): June 30, December 31, Operating lease liabilities $ 4,022 $ 3,671 Accrued warranty reserve 4,082 3,606 Other non-current liabilities 898 876 Total other long-term liabilities $ 9,002 $ 8,153

Debt

Debt	6 Months Ended
Debt	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt The following is a summary of our debt and finance leases as of June 30, 2024 (in millions): Net Carrying Value Unpaid Unused Contractual Contractual Current Long-Term Recourse debt: RCF Credit Agreement $ — $ — $ — $ 5,000 Not applicable January 2028 Other 4 3 7 4 4.70-5.75% March 2025-January 2031 Total recourse debt 4 3 7 5,004 Non-recourse debt: Automotive Asset-backed Notes 1,987 2,261 4,263 — 1.12-6.57% December 2024-June 2035 China Working Capital Facility — 2,751 2,751 — 2.27 % April 2025 (2) Cash Equity Debt 29 317 355 — 5.25-5.81% July 2033-January 2035 Solar Asset-backed Notes 4 6 11 — 4.80 % December 2026 Total non-recourse debt 2,020 5,335 7,380 — Total debt 2,024 5,338 $ 7,387 $ 5,004 Finance leases 240 143 Total debt and finance leases $ 2,264 $ 5,481 The following is a summary of our debt and finance leases as of December 31, 2023 (in millions): Net Carrying Value Unpaid Unused Contractual Contractual Current Long-Term Recourse debt: 2024 Notes $ 37 $ — $ 37 $ — 2.00 % May 2024 RCF Credit Agreement — — — 5,000 Not applicable January 2028 Other — 7 7 28 4.70-5.75% March 2025-January 2031 Total recourse debt 37 7 44 5,028 Non-recourse debt: Automotive Asset-backed Notes 1,906 2,337 4,259 — 0.60-6.57% July 2024-May 2031 Cash Equity Debt 28 330 367 — 5.25-5.81% July 2033-January 2035 Solar Asset-backed Notes 4 8 13 — 4.80 % December 2026 Total non-recourse debt 1,938 2,675 4,639 — Total debt 1,975 2,682 $ 4,683 $ 5,028 Finance leases 398 175 Total debt and finance leases $ 2,373 $ 2,857 (1) There are no restrictions on draw-down or use for general corporate purposes with respect to any available committed funds under our RCF Credit Agreement, except certain specified conditions prior to draw-down. Refer to the notes to the consolidated financial statements included in our reporting on Form 10-K for the year ended December 31, 2023 for the terms of the facility. (2) The contractual maturity date of the China Working Capital Facility is April 2025, renewable until March 2026 at our discretion. As we have the intent and ability to refinance the loan on a long-term basis, we recorded it in Debt and finance leases, net of current portion in the consolidated balance sheet. Recourse debt refers to debt that is recourse to our general assets. 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 issuance costs. As of June 30, 2024, we were in material compliance with all financial debt covenants. 2024 Notes During the second quarter of 2024, the 2024 Notes reached maturity and were fully settled. Automotive Asset-backed Notes During the first and second quarters of 2024, we transferred beneficial interests related to certain leased vehicles and financing receivables into special purpose entities and issued $1.10 billion in aggregate principal amount of Automotive Asset-backed Notes, with terms similar to our other previously issued Automotive Asset-backed Notes. China Working Capital Facility

Equity Incentive Plans

Equity Incentive Plans	6 Months Ended
Equity Incentive Plans	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Equity Incentive Plans	Equity Incentive Plans Other Performance-Based Grants From time to time, the Compensation Committee of our Board of Directors grants certain employees performance-based restricted stock units and stock options. As of June 30, 2024, we had unrecognized stock-based compensation expense of $506 million under these grants to purchase or receive an aggregate 4.2 million shares of our common stock. For awards probable of achievement, we estimate the unrecognized stock-based compensation expense of $80 million will be recognized over a weighted-average period of 4.0 years. For the three and six months ended June 30, 2024 and 2023, stock-based compensation expense related to these grants, net of forfeitures, were immaterial. 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of revenues $ 180 $ 181 $ 382 $ 373 Research and development 169 168 381 302 Selling, general and administrative 88 96 198 188 Restructuring and other 2 — 2 — Total $ 439 $ 445 $ 963 $ 863

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rate was 21% and 23% for the three and six months ended June 30, 2024, respectively, compared to 11% and 10% for the three and six months ended June 30, 2023, respectively. The increase in our effective tax rate is primarily due to the impact of releasing the valuation allowance on our U.S. deferred tax assets in the fourth quarter of 2023 and changes in the mix of our jurisdictional earnings. Our effective tax rates for the three and six months of 2024 and 2023 as compared to the U.S. federal statutory rate of 21% were primarily impacted by the mix of our jurisdictional earnings subject to different tax rates, valuation allowances on our deferred tax assets, and benefits from our U.S. tax credits and the Inflation Reduction Act of 2022 (“IRA”) manufacturing credits. We are subject to tax examinations in the U.S. federal, 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.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	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, 2023. As of June 30, 2024, we expect to meet the requirements under these arrangements, as may be modified from time to time, based on our current and anticipated level of operations. Legal Proceedings 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 “2018 CEO Performance Award”). Trial was held November 14-18, 2022. On January 30, 2024, the Court issued an opinion finding that the 2018 CEO Performance Award should be rescinded. Plaintiff’s counsel have filed a brief seeking a fee award of 29,402,900 Tesla shares, plus expenses of $1,120,115.50. Tesla opposed the fee request on June 7, 2024, and a hearing was held on July 8, 2024. At Tesla’s 2024 Annual Meeting of Stockholders, 72% of the disinterested voting shares of Tesla, excluding shares owned by Mr. Musk and Kimbal Musk, voted to ratify the 2018 CEO Performance Award. On June 28, 2024, because Tesla’s disinterested stockholders voted to ratify the 2018 CEO Performance Award, Mr. Musk and the other director defendants, joined by Tesla, filed a brief seeking to revise the Court’s January 30, 2024 opinion, and a hearing is scheduled for August 2, 2024. 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. On July 14, 2023, the parties filed a Stipulation and Agreement of Compromise and Settlement, which does not involve an admission of any wrongdoing by any party. If the settlement is approved by the Court, this action will be fully settled and dismissed with prejudice. Pursuant to the terms of the agreement, Tesla provided notice of the proposed settlement to stockholders of record as of July 14, 2023. The Court held a hearing regarding the settlement on October 13, 2023, after which it took the settlement and plaintiff counsels’ fee request under advisement. The settlement is not expected to have an adverse impact on our results of operations, cash flows or financial position. 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 Court denied and judgement was entered in favor of defendants on July 11, 2023. On July 14, 2023, plaintiffs filed a notice of appeal. The appeal, which is pending in the United States Court of Appeals for the Ninth Circuit, has been fully briefed by the parties. 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 appeal in 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 resolution of the appeal 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 September 16, 2024. 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. Certain Derivative Lawsuits in Delaware Before converting from a Delaware to Texas corporation on June 13, 2024, three separate derivative actions brought by purported Tesla stockholders were filed in the Delaware Court of Chancery on May 24, June 10 and June 13, 2024, purportedly on behalf of Tesla, against current and former directors regarding topics involving Elon Musk and others, X Corp. (formerly Twitter) and x.AI. These suits assert various claims, including breach of fiduciary duty and breach of contract, and seek unspecified damages and other relief. Litigation and Investigations Relating to Alleged Discrimination and Harassment On February 9, 2022, 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 currently in discovery. Trial is scheduled for September 15, 2025. Additionally, on June 1, 2022 the Equal Employment Opportunity Commission (“EEOC”) issued a cause finding against Tesla that closely parallels the CRD’s allegations. On September 28, 2023, the EEOC filed a civil complaint against Tesla in the United States District Court for the Northern District of California asserting claims for race harassment and retaliation and seeking, among other things, monetary and injunctive relief. 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 and on September 15, 2023, the Court dismissed the action but granted plaintiffs leave to file an amended complaint. On November 2, 2023, plaintiff filed an amended complaint purportedly on behalf of Tesla, against Elon Musk. On December 19, 2023, the defendants moved to dismiss the amended complaint, which the Court granted on April 12, 2024, with leave for plaintiffs to amend. On May 15, 2024, plaintiffs filed a second amended consolidated complaint purportedly on behalf of Tesla, against Mr. Musk. On July 1, 2024, the defendants moved to dismiss the second amended consolidated complaint. Other Litigation Related to Our Products and Services We are also subject to various lawsuits that seek monetary and other injunctive relief. These lawsuits include proposed class actions and other consumer claims that allege, among other things, purported defects and misrepresentations related to our products and services. 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 September 30, 2023, the Court dismissed this action with leave to amend the complaint. On November 20, 2023, the plaintiff moved to amend the complaint, which Tesla opposed. On March 22, 2023, the plaintiffs in the Northern District of California consolidated action filed a motion for a preliminary injunction to order Tesla to (1) cease using the term “Full Self-Driving Capability” (FSD Capability), (2) cease the sale and activation of FSD Capability and deactivate FSD Capability 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 FSD Capability. Tesla opposed the motion. On September 30, 2023, the Court denied the request for a preliminary injunction, compelled four of five plaintiffs to arbitration, and dismissed the claims of the fifth plaintiff with leave to amend the complaint. On October 31, 2023, the remaining plaintiff in the Northern District of California action filed an amended complaint, which Tesla moved to dismiss, and on May 15, 2024, the Court granted in part and denied in part Tesla’s motion. On October 2, 2023, a similar proposed class action was filed in San Diego County Superior Court in California. Tesla subsequently removed the San Diego County case to federal court and on January 8, 2024, the federal court granted Tesla’s motion to transfer the case to the U.S. District Court for the Northern District of California. Tesla moved to compel arbitration, which the plaintiff did not oppose, and on June 27, 2024, the Court stayed the case pending arbitration. 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 FSD Capability technologies and seeks money damages and other relief on behalf of persons who purchased Tesla stock between February 19, 2019, and February 17, 2023. An amended complaint was filed on September 5, 2023, naming only Tesla, Inc. and Elon Musk as defendants. On November 6, 2023, Tesla moved to dismiss the amended complaint. On March 14, 2023, a proposed class action was filed against Tesla, Inc. in the U.S. District Court for the Northern District of California. Several similar complaints were also filed in the same court and these cases have now all been consolidated. 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. On July 17, 2023, these plaintiffs filed a consolidated amended complaint. On September 27, 2023, the court granted Tesla’s motion to compel arbitration as to three of the plaintiffs, and on November 17, 2023, the court granted Tesla’s motion to dismiss without prejudice. The plaintiffs filed a Consolidated Second Amended Complaint on December 12, 2023, which Tesla moved to dismiss. Plaintiffs also appealed the court’s arbitration order, which was denied. On June 17, 2024, the Court granted in part and denied in part Tesla’s motion to dismiss the Consolidated Second Amended Complaint. 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 regularly receive requests for information, including subpoenas, from regulators and governmental authorities such as the National Highway Traffic Safety Administration, the National Transportation Safety Board, the Securities and Exchange Commission (“SEC”), the Department of Justice (“DOJ”), and various local, state, federal, and international agencies. The ongoing requests for information include topics such as operations, technology (e.g., vehicle functionality, Autopilot and FSD Capability), compliance, finance, data privacy, and other matters related to Tesla’s business, its personnel, and related parties. We routinely cooperate with such formal and informal requests for information, investigations, and other inquiries. 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, financial position or brand. We are also subject to various other legal proceedings, risks and claims that arise from the normal course of business activities. For example, during the second quarter of 2023, a foreign news outlet reported that it obtained certain misappropriated data including, purportedly non-public Tesla business and personal information. Tesla has made notifications to potentially affected individuals (current and former employees) and regulatory authorities and we are working with certain law enforcement and other authorities. On August 5, 2023, a putative class action was filed in the United States District Court for the Northern District of California, purportedly on behalf of all U.S. individuals impacted by the data incident, followed by several additional lawsuits, that each assert claims under various state laws and seeks monetary damages and other relief. If an unfavorable ruling or development were to occur in these or other possible legal proceedings, risks and claims, there exists the possibility of a material adverse impact on our business, results of operations, prospects, cash flows, financial position or brand.

Variable Interest Entity Arrang

Variable Interest Entity Arrangements	6 Months Ended
Variable Interest Entity Arrangements	Jun. 30, 2024
Variable Interest Entity Disclosure [Abstract]
Variable Interest Entity Arrangements	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): June 30, December 31, Assets Current assets Cash and cash equivalents $ 46 $ 66 Accounts receivable, net 26 13 Prepaid expenses and other current assets 269 361 Total current assets 341 440 Solar energy systems, net 2,556 3,278 Other non-current assets 193 369 Total assets $ 3,090 $ 4,087 Liabilities Current liabilities Accrued liabilities and other $ 31 $ 67 Deferred revenue 7 6 Current portion of debt and finance leases 1,839 1,564 Total current liabilities 1,877 1,637 Deferred revenue, net of current portion 83 99 Debt and finance leases, net of current portion 1,915 2,041 Total liabilities $ 3,875 $ 3,777

Segment Reporting and Informati

Segment Reporting and Information about Geographic Areas	6 Months Ended
Segment Reporting and Information about Geographic Areas	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Reporting and Information about Geographic Areas	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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Automotive segment Revenues $ 22,486 $ 23,418 $ 42,152 $ 45,218 Gross profit $ 3,838 $ 4,255 $ 7,131 $ 8,598 Energy generation and storage segment Revenues $ 3,014 $ 1,509 $ 4,649 $ 3,038 Gross profit $ 740 $ 278 $ 1,143 $ 446 The following table presents revenues by geographic area based on the sales location of our products (in millions): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 United States $ 13,256 $ 11,332 $ 23,018 $ 22,579 China 4,636 5,731 9,228 10,622 Other international 7,608 7,864 14,555 15,055 Total $ 25,500 $ 24,927 $ 46,801 $ 48,256 The following table presents long-lived assets by geographic area (in millions): June 30, December 31, United States $ 29,652 $ 26,629 Germany 4,228 4,258 Other international 4,124 4,067 Total $ 38,004 $ 34,954 The following table presents inventory by reportable segment (in millions): June 30, December 31, Automotive $ 12,192 $ 11,139 Energy generation and storage 2,003 2,487 Total $ 14,195 $ 13,626

Restructuring and Other

Restructuring and Other	6 Months Ended
Restructuring and Other	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Other	Restructuring and OtherIn the second quarter of 2024, we initiated and substantially completed certain restructuring actions to reduce costs and improve efficiency. As a result, we recognized $583 million of employee termination expenses in Restructuring and other in our consolidated income statement. These expenses were substantially paid during the quarter with the remaining unpaid immaterial accrual recorded in Accrued liabilities and other in our consolidated balance sheet as of June 30, 2024

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income attributable to common stockholders	$ 1,478	$ 2,703	$ 2,607	$ 5,216

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
Insider Trading Arrangements	Jun. 30, 2024 shares	Jun. 30, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false
Vaibhav Taneja [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On May 1, 2024, Vaibhav Taneja, Chief Financial Officer, adopted a Rule 10b5-1 trading arrangement for the potential sale of up to 84,000 shares of our common stock, subject to certain conditions. The arrangement's expiration date is July 31, 2025.
Name	Vaibhav Taneja
Title	Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 1, 2024
Arrangement Duration	457 days
Aggregate Available	84,000	84,000
Kathleen Wilson-Thompson [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On May 2, 2024, Kathleen Wilson-Thompson, one of our directors, terminated a Rule 10b5-1 trading arrangement that was originally adopted on February 5, 2024. The arrangement was terminated during the Company’s unrestricted trading window and at a time when Ms. Wilson-Thompson was not in possession of material, non-public information about the Company. No transactions were completed under the arrangement.
Name	Kathleen Wilson-Thompson
Title	director
Rule 10b5-1 Arrangement Terminated	true
Termination Date	May 2, 2024

Overview & Summary of Signifi_2

Overview & Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Unaudited Interim Financial Statement	Unaudited Interim Financial Statements The consolidated financial statements, including the consolidated balance sheet as of June 30, 2024, the consolidated statements of operations, the consolidated statements of comprehensive income, the consolidated statements of redeemable noncontrolling interests and equity for the three and six months ended June 30, 2024 and 2023, and the consolidated statements of cash flows for the six months ended June 30, 2024 and 2023, as well as other information disclosed in the accompanying notes, are unaudited. The consolidated balance sheet as of December 31, 2023 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, 2023. 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 consolidated financial statements and the accompanying notes.
Revenue Recognition	Revenue Recognition Revenue by source The following table disaggregates our revenue by major source (in millions): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Automotive sales $ 18,530 $ 20,419 $ 34,990 $ 39,297 Automotive regulatory credits 890 282 1,332 803 Energy generation and storage sales 2,866 1,359 4,388 2,772 Services and other 2,608 2,150 4,896 3,987 Total revenues from sales and services 24,894 24,210 45,606 46,859 Automotive leasing 458 567 934 1,131 Energy generation and storage leasing 148 150 261 266 Total revenues $ 25,500 $ 24,927 $ 46,801 $ 48,256 Automotive Segment Automotive Sales Deferred revenue related to the access to our Full Self Driving (Supervised) (“FSD”) Capability features and their ongoing maintenance, internet connectivity, free Supercharging programs and over-the-air software updates primarily on automotive sales amounted to $3.66 billion and $3.54 billion as of June 30, 2024 and December 31, 2023, 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 balances as of December 31, 2023 and 2022 was $482 million and $256 million for the six months ended June 30, 2024 and 2023, respectively. Of the total deferred revenue balance as of June 30, 2024, we expect to recognize $940 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 financing receivables on our consolidated balance sheets related to loans we provide for financing our automotive deliveries. As of June 30, 2024 and December 31, 2023, we have current net financing receivables of $244 million and $242 million, respectively, in Accounts receivable, net, and $919 million and $1.04 billion, respectively, in Other non-current assets for the long-term portion. We offer resale value guarantees to our commercial banking partners in connection with certain vehicle leasing programs. Under these programs, we originate the lease with our end customer and immediately transfer the lease and the underlying vehicle to our commercial banking partner, with the transaction being accounted for as a sale under ASC 606, Revenue from Contracts with Customers . We estimate a guarantee liability in accordance with ASC 460, Guarantees and record it within other liabilities on our consolidated balance sheet. On a quarterly basis, we assess the estimated market value of vehicles sold under this program to determine whether there have been changes to the amount of expected resale value guarantee payments. The total recorded guarantee liabilities on vehicles sold under this program were immaterial as of June 30, 2024 and December 31, 2023. Our maximum exposure on the guarantees we provide if they are unable to sell the vehicle at or above the vehicle’s contractual residual value at the end of the lease term was $807 million and $166 million as of June 30, 2024 and December 31, 2023, respectively. Automotive Regulatory Credits As of June 30, 2024, 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 $4.90 billion. Of this amount, we expect to recognize $459 million in the next 12 months and the rest over the remaining performance obligation period. Additionally, changes in regulations on automotive regulatory credits may significantly impact our remaining performance obligations and revenue to be recognized under these contracts. Automotive Leasing Revenue Direct Sales-Type Leasing Program Lease receivables relating to sales-type leases are presented on the consolidated balance sheets as follows (in millions): June 30, 2024 December 31, 2023 Gross lease receivables $ 628 $ 780 Unearned interest income (55) (78) Allowance for expected credit losses (6) (6) Net investment in sales-type leases $ 567 $ 696 Reported as: Prepaid expenses and other current assets $ 177 $ 189 Other non-current assets 390 507 Net investment in sales-type leases $ 567 $ 696 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 prepayments, which is recognized as revenue ratably over the respective customer contract term. As of June 30, 2024 and December 31, 2023, deferred revenue related to such customer payments amounted to $1.49 billion and $1.60 billion, respectively, mainly due to contractual payment terms. Revenue recognized from the deferred revenue balances as of December 31, 2023 and 2022 was $873 million and $329 million for the six months ended June 30, 2024 and 2023, respectively. As of June 30, 2024, 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 $5.71 billion. Of this amount, we expect to recognize $2.56 billion in the next 12 months and the rest over the remaining performance obligation period. We have financing receivables on our consolidated balance sheets related to loans we provide for financing our energy products. As of June 30, 2024 and December 31, 2023, we have current net financing receivables of $28 million and $31 million, respectively, in Accounts receivable, net, and $626 million and $578 million, respectively, in Other non-current assets for the long-term portion.
Income Taxes	Income Taxes We are subject to income taxes in the U.S. and in many foreign jurisdictions. Significant judgment is required in determining our provision for income taxes, our deferred tax assets and liabilities and any valuation allowance recorded against our net deferred tax assets that are not more likely than not to be realized. We monitor the realizability of our deferred tax assets taking into account all relevant factors at each reporting period. In completing our assessment of realizability of our deferred tax assets, we consider our history of income (loss) measured at pre-tax income (loss) adjusted for permanent book-tax differences on a jurisdictional basis, volatility in actual earnings, excess tax benefits related to stock-based compensation in recent prior years and impacts of the timing of reversal of existing temporary differences. We also rely on our assessment of the Company’s projected future results of business operations, including uncertainty in future operating results relative to historical results, volatility in the market price of our common stock and its performance over time, variable macroeconomic conditions impacting our ability to forecast future taxable income, and changes in business that may affect the existence and magnitude of future taxable income. Our valuation allowance assessment is based on our best estimate of future results considering all available information. Our provision for or benefit from income taxes for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, we update our estimate of the annual effective tax rate, and if our estimated tax rate changes, we make a cumulative adjustment.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts
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 on deposit at high credit quality financial institutions or invested in highly rated, investment-grade securities. These deposits are typically in excess of insured limits. As of June 30, 2024 and December 31, 2023, 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently issued accounting pronouncements not yet adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, Improvements to Reportable Segment Disclosures (Topic 280). This ASU updates reportable segment disclosure requirements by requiring disclosures of significant reportable segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of a segment's profit or loss. This ASU also requires disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM uses the reported measures of a segment’s profit or loss in assessing segment performance and deciding how to allocate resources. The ASU is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Adoption of the ASU should be applied retrospectively to all prior periods presented in the financial statements. Early adoption is also permitted. This ASU will likely result in us including the additional required disclosures when adopted. We are currently evaluating the provisions of this ASU and expect to adopt them for the year ending December 31, 2024. In December 2023, the FASB issued ASU No. 2023-08, Accounting for and Disclosure of Crypto Assets (Subtopic 350-60). This ASU requires certain crypto assets to be measured at fair value separately on the balance sheet with changes reported in the income statement each reporting period. This ASU also enhances the other intangible asset disclosure requirements by requiring the name, cost basis, fair value, and number of units for each significant crypto asset holding. The ASU is effective for annual periods beginning after December 15, 2024, including interim periods within those fiscal years. Adoption of the ASU requires a cumulative-effect adjustment to the opening balance of retained earnings as of the beginning of the annual reporting period in which an entity adopts the amendments. Early adoption is also permitted, including adoption in an interim period. However, if the ASU is early adopted in an interim period, an entity must adopt the ASU as of the beginning of the fiscal year that includes the interim period. This ASU will result in gains and losses recorded in the consolidated financial statements of operations and additional disclosures when adopted. We are currently evaluating the adoption of this ASU and it could materially affect the carrying value of our crypto assets held and the gains and losses relating thereto, depending on the fair value at adoption. In December 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (Topic 740). The ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as additional information on income taxes paid. The ASU is effective on a prospective basis for annual periods beginning after December 15, 2024. Early adoption is also permitted for annual financial statements that have not yet been issued or made available for issuance. This ASU will likely result in the required additional disclosures being included in our consolidated financial statements, once adopted.

Overview & Summary of Signifi_3

Overview & Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Automotive sales $ 18,530 $ 20,419 $ 34,990 $ 39,297 Automotive regulatory credits 890 282 1,332 803 Energy generation and storage sales 2,866 1,359 4,388 2,772 Services and other 2,608 2,150 4,896 3,987 Total revenues from sales and services 24,894 24,210 45,606 46,859 Automotive leasing 458 567 934 1,131 Energy generation and storage leasing 148 150 261 266 Total revenues $ 25,500 $ 24,927 $ 46,801 $ 48,256
Sales-type and Direct Financing Leases, Lease Receivables, Gross Difference	Lease receivables relating to sales-type leases are presented on the consolidated balance sheets as follows (in millions): June 30, 2024 December 31, 2023 Gross lease receivables $ 628 $ 780 Unearned interest income (55) (78) Allowance for expected credit losses (6) (6) Net investment in sales-type leases $ 567 $ 696 Reported as: Prepaid expenses and other current assets $ 177 $ 189 Other non-current assets 390 507 Net investment in sales-type leases $ 567 $ 696
Schedule of 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net income attributable to common stockholders $ 1,478 $ 2,703 $ 2,607 $ 5,216 Less: Buy-out of noncontrolling interest — — (42) (5) Net income used in computing basic and diluted net income per share of common stock $ 1,478 $ 2,703 $ 2,649 $ 5,221 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 (in millions): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Weighted average shares used in computing net income per share of common stock, basic 3,191 3,171 3,189 3,168 Add: Stock-based awards 278 294 282 292 Convertible senior notes 1 2 1 2 Warrants 11 11 11 11 Weighted average shares used in computing net income per share of common stock, diluted 3,481 3,478 3,483 3,473
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 (in millions): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Stock-based awards 25 15 24 17
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): June 30, December 31, June 30, December 31, Cash and cash equivalents $ 14,635 $ 16,398 $ 15,296 $ 16,253 Restricted cash included in prepaid expenses and other current assets 374 543 384 294 Restricted cash included in other non-current assets 345 248 199 377 Total as presented in the consolidated statements of cash flows $ 15,354 $ 17,189 $ 15,879 $ 16,924
Schedule of Accrued Warranty Activity	Accrued warranty activity consisted of the following (in millions): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Accrued warranty—beginning of period $ 5,353 $ 3,965 $ 5,152 $ 3,505 Warranty costs incurred (340) (296) (668) (576) Net changes in liability for pre-existing warranties, including expirations and foreign exchange impact 72 188 51 396 Provision for warranty 710 608 1,260 1,140 Accrued warranty—end of period $ 5,795 $ 4,465 $ 5,795 $ 4,465

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
Fair Value of Financial Instruments (Tables)	Jun. 30, 2024
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): June 30, 2024 December 31, 2023 Fair Value Level I Level II Level III Fair Value Level I Level II Level III Certificates of deposit and time deposits $ 8,488 $ — $ 8,488 $ — $ 6,996 $ — $ 6,996 $ — Commercial paper 4,311 — 4,311 — 470 — 470 — U.S. government securities 3,312 — 3,312 — 5,136 — 5,136 — Corporate debt securities 372 — 372 — 480 — 480 — Money market funds 10 10 — — 109 109 — — Total $ 16,493 $ 10 $ 16,483 $ — $ 13,191 $ 109 $ 13,082 $ —
Unrealized Gain (Loss) on Investments	Our cash, cash equivalents and investments classified by security type as of June 30, 2024 and December 31, 2023 consisted of the following (in millions): June 30, 2024 Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash and Cash Equivalents Short-Term Investments Cash $ 14,227 $ — $ — $ 14,227 $ 14,227 $ — Certificates of deposit and time deposits 8,488 — — 8,488 — 8,488 Commercial paper 4,311 2 (2) 4,311 — 4,311 U.S. government securities 3,314 — (2) 3,312 398 2,914 Corporate debt securities 374 — (2) 372 — 372 Money market funds 10 — — 10 10 — Total cash, cash equivalents and short-term investments $ 30,724 $ 2 $ (6) $ 30,720 $ 14,635 $ 16,085 December 31, 2023 Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash and Cash Equivalents Short-Term Investments Cash $ 15,903 $ — $ — $ 15,903 $ 15,903 $ — Certificates of deposit and time deposits 6,995 1 — 6,996 — 6,996 U.S. government securities 5,136 1 (1) 5,136 277 4,859 Corporate debt securities 485 1 (6) 480 — 480 Commercial paper 470 — — 470 109 361 Money market funds 109 — — 109 109 — Total cash, cash equivalents and short-term investments $ 29,098 $ 3 $ (7) $ 29,094 $ 16,398 $ 12,696
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 June 30, 2024 (in millions): Due in 1 year or less $ 15,832 Due in 1 year through 5 years 234 Due in 5 years through 10 years 19 Total $ 16,085
Schedule of Estimated Fair Values and Carrying Values	The following table presents the estimated fair values and the carrying values (in millions): June 30, 2024 December 31, 2023 Carrying Value Fair Value Carrying Value Fair Value 2024 Notes $ — $ — $ 37 $ 443 Digital assets, net $ 184 $ 722 $ 184 $ 487

Inventory (Tables)

Inventory (Tables)	6 Months Ended
Inventory (Tables)	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory	Our inventory consisted of the following (in millions): June 30, December 31, Raw materials $ 5,768 $ 5,390 Work in process 1,977 2,016 Finished goods (1) 5,254 5,049 Service parts 1,196 1,171 Total $ 14,195 $ 13,626 (1) Finished goods inventory includes products-in-transit to fulfill customer orders, new vehicles, used vehicles and energy products available for sale.

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	6 Months Ended
Property, Plant and Equipment, Net (Tables)	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment, Net	Our property, plant and equipment, net, consisted of the following (in millions): June 30, December 31, Machinery, equipment, vehicles and office furniture $ 17,363 $ 16,309 Land and buildings 10,280 9,498 Leasehold improvements 3,398 3,136 Tooling 3,616 3,129 Computer equipment, hardware and software 2,649 2,409 AI infrastructure 2,468 1,510 Construction in progress 6,776 5,791 46,550 41,782 Less: Accumulated depreciation (13,648) (12,057) Total $ 32,902 $ 29,725

Accrued Liabilities and Other (

Accrued Liabilities and Other (Tables)	6 Months Ended
Accrued Liabilities and Other (Tables)	Jun. 30, 2024
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): June 30, December 31, Accrued purchases (1) $ 2,428 $ 2,721 Accrued warranty reserve, current portion 1,713 1,546 Payroll and related costs 1,487 1,325 Taxes payable (2) 1,100 1,204 Customer deposits 949 876 Operating lease liabilities, current portion 748 672 Sales return reserve, current portion 169 219 Other current liabilities 1,022 517 Total $ 9,616 $ 9,080 (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 primarily includes value added tax, income tax, sales tax, property tax and use tax payables.

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	6 Months Ended
Other Long-Term Liabilities (Tables)	Jun. 30, 2024
Other Liabilities [Abstract]
Schedule of Other Long-term Liabilities	Our other long-term liabilities consisted of the following (in millions): June 30, December 31, Operating lease liabilities $ 4,022 $ 3,671 Accrued warranty reserve 4,082 3,606 Other non-current liabilities 898 876 Total other long-term liabilities $ 9,002 $ 8,153

Debt (Tables)

Debt (Tables)	6 Months Ended
Debt (Tables)	Jun. 30, 2024
Debt Disclosure [Abstract]
Summary of Debt and Finance Leases	The following is a summary of our debt and finance leases as of June 30, 2024 (in millions): Net Carrying Value Unpaid Unused Contractual Contractual Current Long-Term Recourse debt: RCF Credit Agreement $ — $ — $ — $ 5,000 Not applicable January 2028 Other 4 3 7 4 4.70-5.75% March 2025-January 2031 Total recourse debt 4 3 7 5,004 Non-recourse debt: Automotive Asset-backed Notes 1,987 2,261 4,263 — 1.12-6.57% December 2024-June 2035 China Working Capital Facility — 2,751 2,751 — 2.27 % April 2025 (2) Cash Equity Debt 29 317 355 — 5.25-5.81% July 2033-January 2035 Solar Asset-backed Notes 4 6 11 — 4.80 % December 2026 Total non-recourse debt 2,020 5,335 7,380 — Total debt 2,024 5,338 $ 7,387 $ 5,004 Finance leases 240 143 Total debt and finance leases $ 2,264 $ 5,481 The following is a summary of our debt and finance leases as of December 31, 2023 (in millions): Net Carrying Value Unpaid Unused Contractual Contractual Current Long-Term Recourse debt: 2024 Notes $ 37 $ — $ 37 $ — 2.00 % May 2024 RCF Credit Agreement — — — 5,000 Not applicable January 2028 Other — 7 7 28 4.70-5.75% March 2025-January 2031 Total recourse debt 37 7 44 5,028 Non-recourse debt: Automotive Asset-backed Notes 1,906 2,337 4,259 — 0.60-6.57% July 2024-May 2031 Cash Equity Debt 28 330 367 — 5.25-5.81% July 2033-January 2035 Solar Asset-backed Notes 4 8 13 — 4.80 % December 2026 Total non-recourse debt 1,938 2,675 4,639 — Total debt 1,975 2,682 $ 4,683 $ 5,028 Finance leases 398 175 Total debt and finance leases $ 2,373 $ 2,857 (1) There are no restrictions on draw-down or use for general corporate purposes with respect to any available committed funds under our RCF Credit Agreement, except certain specified conditions prior to draw-down. Refer to the notes to the consolidated financial statements included in our reporting on Form 10-K for the year ended December 31, 2023 for the terms of the facility. (2) The contractual maturity date of the China Working Capital Facility is April 2025, renewable until March 2026 at our discretion. As we have the intent and ability to refinance the loan on a long-term basis, we recorded it in Debt and finance leases, net of current portion in the consolidated balance sheet.

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	6 Months Ended
Equity Incentive Plans (Tables)	Jun. 30, 2024
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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of revenues $ 180 $ 181 $ 382 $ 373 Research and development 169 168 381 302 Selling, general and administrative 88 96 198 188 Restructuring and other 2 — 2 — Total $ 439 $ 445 $ 963 $ 863

Variable Interest Entity Arra_2

Variable Interest Entity Arrangements (Tables)	6 Months Ended
Variable Interest Entity Arrangements (Tables)	Jun. 30, 2024
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): June 30, December 31, Assets Current assets Cash and cash equivalents $ 46 $ 66 Accounts receivable, net 26 13 Prepaid expenses and other current assets 269 361 Total current assets 341 440 Solar energy systems, net 2,556 3,278 Other non-current assets 193 369 Total assets $ 3,090 $ 4,087 Liabilities Current liabilities Accrued liabilities and other $ 31 $ 67 Deferred revenue 7 6 Current portion of debt and finance leases 1,839 1,564 Total current liabilities 1,877 1,637 Deferred revenue, net of current portion 83 99 Debt and finance leases, net of current portion 1,915 2,041 Total liabilities $ 3,875 $ 3,777

Segment Reporting and Informa_2

Segment Reporting and Information about Geographic Areas (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 Automotive segment Revenues $ 22,486 $ 23,418 $ 42,152 $ 45,218 Gross profit $ 3,838 $ 4,255 $ 7,131 $ 8,598 Energy generation and storage segment Revenues $ 3,014 $ 1,509 $ 4,649 $ 3,038 Gross profit $ 740 $ 278 $ 1,143 $ 446
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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 United States $ 13,256 $ 11,332 $ 23,018 $ 22,579 China 4,636 5,731 9,228 10,622 Other international 7,608 7,864 14,555 15,055 Total $ 25,500 $ 24,927 $ 46,801 $ 48,256
Schedule of Long-Lived Assets by Geographic Area	The following table presents long-lived assets by geographic area (in millions): June 30, December 31, United States $ 29,652 $ 26,629 Germany 4,228 4,258 Other international 4,124 4,067 Total $ 38,004 $ 34,954
Reconciliation of Assets from Segment to Consolidated	The following table presents inventory by reportable segment (in millions): June 30, December 31, Automotive $ 12,192 $ 11,139 Energy generation and storage 2,003 2,487 Total $ 14,195 $ 13,626

Overview & Summary of Signifi_4

Overview & Summary of Significant Accounting Policies - Schedule of Disaggregation of Revenue by Major Source (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation Of Revenue [Line Items]
Revenues	$ 25,500	$ 24,927	$ 46,801	$ 48,256
Total revenues from sales and services
Disaggregation Of Revenue [Line Items]
Revenues	24,894	24,210	45,606	46,859
Automotive sales
Disaggregation Of Revenue [Line Items]
Revenues	18,530	20,419	34,990	39,297
Automotive regulatory credits
Disaggregation Of Revenue [Line Items]
Revenues	890	282	1,332	803
Energy generation and storage sales
Disaggregation Of Revenue [Line Items]
Revenues	2,866	1,359	4,388	2,772
Services and other
Disaggregation Of Revenue [Line Items]
Revenues	2,608	2,150	4,896	3,987
Automotive leasing
Disaggregation Of Revenue [Line Items]
Revenues	458	567	934	1,131
Energy generation and storage leasing
Disaggregation Of Revenue [Line Items]
Revenues	$ 148	$ 150	$ 261	$ 266

Overview & Summary of Signifi_5

Overview & Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Summary Of Significant Accounting Policies [Line Items]
Unbilled transaction price allocated to performance obligations, expected of more than one year	$ 5,710
Guarantees carrying value	807		$ 166
Accounts receivable, net	3,737		3,508
Other non-current assets	4,458		4,531
MyPower customer notes receivable, net of allowance for credit losses	256		266
Financing receivable, net of allowance for credit losses, current	5		5
Allowance for credit losses	36		36
Government Rebates Receivables
Summary Of Significant Accounting Policies [Line Items]
Accounts receivable, net	419		378
Other non-current assets	44		207
Automotive sales
Summary Of Significant Accounting Policies [Line Items]
Deferred revenue	3,660		3,540
Revenue recognized	482	$ 256
Financing receivable, Net	244		242
Automotive sales \| Other non-current assets
Summary Of Significant Accounting Policies [Line Items]
Financing receivable, Net	919		1,040
Automotive sales \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-07-01
Summary Of Significant Accounting Policies [Line Items]
Unbilled transaction price allocated to performance obligations, expected of more than one year	$ 940
Deferred revenue, expected to recognize period	12 months
Automotive regulatory credits
Summary Of Significant Accounting Policies [Line Items]
Unbilled transaction price allocated to performance obligations, expected of more than one year	$ 4,900
Automotive regulatory credits \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-07-01
Summary Of Significant Accounting Policies [Line Items]
Unbilled transaction price allocated to performance obligations, expected of more than one year	$ 459
Deferred revenue, expected to recognize period	12 months
Energy generation and storage segment
Summary Of Significant Accounting Policies [Line Items]
Deferred revenue	$ 1,490		1,600
Revenue recognized	873	$ 329
Financing receivable, Net	28		31
Energy generation and storage segment \| Other non-current assets
Summary Of Significant Accounting Policies [Line Items]
Financing receivable, Net	626		$ 578
Energy generation and storage segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-07-01
Summary Of Significant Accounting Policies [Line Items]
Unbilled transaction price allocated to performance obligations, expected of more than one year	$ 2,560
Deferred revenue, expected to recognize period	12 months

Overview & Summary of Signifi_6

Overview & Summary of Significant Accounting Policies - Lease Receivables Relating to Sales - Type Lease (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Summary Of Significant Accounting Policies [Line Items]
Gross lease receivables	$ 628	$ 780
Unearned interest income	(55)	(78)
Allowance for expected credit losses	(6)	(6)
Net investment in sales-type leases	567	696
Prepaid expenses and other current assets
Summary Of Significant Accounting Policies [Line Items]
Net investment in sales-type leases	177	189
Other non-current assets
Summary Of Significant Accounting Policies [Line Items]
Net investment in sales-type leases	$ 390	$ 507

Overview & Summary of Signifi_7

Overview & Summary of Significant Accounting Policies - Schedule of Net Income per Share of Common Stock Attributable to Common Stockholders (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accounting Policies [Abstract]
Net income attributable to common stockholders	$ 1,478	$ 2,703	$ 2,607	$ 5,216
Less: Buy-out of noncontrolling interest	0	0	(42)	(5)
Net income used in computing basic net income per share of common stock	1,478	2,703	2,649	5,221
Net income used in computing diluted net income per share of common stock	$ 1,478	$ 2,703	$ 2,649	$ 5,221

Overview & Summary of Signifi_8

Overview & Summary of Significant Accounting Policies - Reconciliation of Basic to Diluted Weighted Average Shares (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accounting Policies [Abstract]
Weighted average shares used in computing net income per share of common stock, basic (in shares)	3,191	3,171	3,189	3,168
Stock-based awards (in shares)	278	294	282	292
Convertible senior awards (in shares)	1	2	1	2
Warrants (in shares)	11	11	11	11
Weighted average shares used in computing net income per share of common stock, diluted (in shares)	3,481	3,478	3,483	3,473

Overview & Summary of Signifi_9

Overview & 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Stock-based awards
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potential common shares excluded from computation of net income (loss) per share (in shares)	25	15	24	17

Overview & Summary of Signif_10

Overview & Summary of Significant Accounting Policies - Schedule of Cash and Cash Equivalents and Restricted Cash (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash and cash equivalents	$ 14,635	$ 16,398	$ 15,296	$ 16,253
Restricted cash included in prepaid expenses and other current assets	374	543	384	294
Restricted cash included in other non-current assets	345	248	199	377
Total as presented in the consolidated statements of cash flows	$ 15,354	$ 17,189	$ 15,879	$ 16,924

Overview & Summary of Signif_11

Overview & Summary of Significant Accounting Policies - Schedule of Accrued Warranty Activity (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Movement in Standard Product Warranty Accrual [Roll Forward]
Accrued warranty—beginning of period	$ 5,353	$ 3,965	$ 5,152	$ 3,505
Warranty costs incurred	(340)	(296)	(668)	(576)
Net changes in liability for pre-existing warranties, including expirations and foreign exchange impact	72	188	51	396
Provision for warranty	710	608	1,260	1,140
Accrued warranty—end of period	$ 5,795	$ 4,465	$ 5,795	$ 4,465

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	Jun. 30, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 30,720	$ 29,094
Total	16,493	13,191
Certificates of deposit and time deposits
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	8,488	6,996
Commercial paper
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	4,311	470
U.S. government securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	3,312	5,136
Corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	372	480
Money market funds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	10	109
Level I
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total	10	109
Level I \| Certificates of deposit and time deposits
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	0	0
Level I \| Commercial paper
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	0	0
Level I \| U.S. government securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	0	0
Level I \| Corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	0	0
Level I \| Money market funds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	10	109
Level II
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total	16,483	13,082
Level II \| Certificates of deposit and time deposits
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	8,488	6,996
Level II \| Commercial paper
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	4,311	470
Level II \| U.S. government securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	3,312	5,136
Level II \| Corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	372	480
Level II \| Money market funds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	0	0
Level III
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total	0	0
Level III \| Certificates of deposit and time deposits
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	0	0
Level III \| Commercial paper
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	0	0
Level III \| U.S. government securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	0	0
Level III \| Corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	0	0
Level III \| Money market funds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 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	Jun. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Adjusted Cost	$ 30,724	$ 29,098
Gross Unrealized Gains	2	3
Gross Unrealized Losses	(6)	(7)
Fair Value	30,720	29,094
Cash and Cash Equivalents
Marketable Securities [Line Items]
Fair Value	14,635	16,398
Short-Term Investments
Marketable Securities [Line Items]
Fair Value	16,085	12,696
Cash
Marketable Securities [Line Items]
Adjusted Cost	14,227	15,903
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	14,227	15,903
Cash \| Cash and Cash Equivalents
Marketable Securities [Line Items]
Fair Value	14,227	15,903
Cash \| Short-Term Investments
Marketable Securities [Line Items]
Fair Value	0	0
Certificates of deposit and time deposits
Marketable Securities [Line Items]
Adjusted Cost	8,488	6,995
Gross Unrealized Gains	0	1
Gross Unrealized Losses	0	0
Fair Value	8,488	6,996
Certificates of deposit and time deposits \| Cash and Cash Equivalents
Marketable Securities [Line Items]
Fair Value	0	0
Certificates of deposit and time deposits \| Short-Term Investments
Marketable Securities [Line Items]
Fair Value	8,488	6,996
Commercial paper
Marketable Securities [Line Items]
Adjusted Cost	4,311	470
Gross Unrealized Gains	2	0
Gross Unrealized Losses	(2)	0
Fair Value	4,311	470
Commercial paper \| Cash and Cash Equivalents
Marketable Securities [Line Items]
Fair Value	0	109
Commercial paper \| Short-Term Investments
Marketable Securities [Line Items]
Fair Value	4,311	361
U.S. government securities
Marketable Securities [Line Items]
Adjusted Cost	3,314	5,136
Gross Unrealized Gains	0	1
Gross Unrealized Losses	(2)	(1)
Fair Value	3,312	5,136
U.S. government securities \| Cash and Cash Equivalents
Marketable Securities [Line Items]
Fair Value	398	277
U.S. government securities \| Short-Term Investments
Marketable Securities [Line Items]
Fair Value	2,914	4,859
Corporate debt securities
Marketable Securities [Line Items]
Adjusted Cost	374	485
Gross Unrealized Gains	0	1
Gross Unrealized Losses	(2)	(6)
Fair Value	372	480
Corporate debt securities \| Cash and Cash Equivalents
Marketable Securities [Line Items]
Fair Value	0	0
Corporate debt securities \| Short-Term Investments
Marketable Securities [Line Items]
Fair Value	372	480
Money market funds
Marketable Securities [Line Items]
Adjusted Cost	10	109
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	10	109
Money market funds \| Cash and Cash Equivalents
Marketable Securities [Line Items]
Fair Value	10	109
Money market funds \| Short-Term Investments
Marketable Securities [Line Items]
Fair Value	$ 0	$ 0

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Summary of Fair Value of Marketable Securities by Contractual Maturities (Details) $ in Millions	Jun. 30, 2024 USD ($)
Fair Value Disclosures [Abstract]
Due in 1 year or less	$ 15,832
Due in 1 year through 5 years	234
Due in 5 years through 10 years	19
Total	$ 16,085

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Additional Information (Detail) - 2024 Notes - Recourse debt:	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contractual Interest Rates	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	Jun. 30, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Carrying Value	$ 5,338	$ 2,682
Digital assets, net	184	184
2024 Notes
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Carrying Value	0	37
Fair Value	0	443
Digital Assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Digital assets, net	184	184
Fair market value of digital assets	$ 722	$ 487

Inventory - Schedule of Invento

Inventory - Schedule of Inventory (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 5,768	$ 5,390
Work in process	1,977	2,016
Finished goods	5,254	5,049
Service parts	1,196	1,171
Total	$ 14,195	$ 13,626

Inventory - Additional Informat

Inventory - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Inventory [Line Items]
Inventory write-downs			$ 146	$ 217
Cost of Revenues
Inventory [Line Items]
Inventory write-downs	$ 29	$ 66	$ 68	$ 105

Property, Plant and Equipment_3

Property, Plant and Equipment, Net - Schedule of Property, Plant and Equipment, Net (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 46,550	$ 41,782
Less: Accumulated depreciation	(13,648)	(12,057)
Total	32,902	29,725
Machinery, equipment, vehicles and office furniture
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	17,363	16,309
Land and buildings
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	10,280	9,498
Leasehold improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	3,398	3,136
Tooling
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	3,616	3,129
Computer equipment, hardware and software
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	2,649	2,409
AI infrastructure
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	2,468	1,510
Construction in progress
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 6,776	$ 5,791

Property, Plant and Equipment_4

Property, Plant and Equipment, Net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 981	$ 816	$ 1,910	$ 1,540

Accrued Liabilities and Other -

Accrued Liabilities and Other - Schedule of Accrued Liabilities and Other Current Liabilities (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued purchases	$ 2,428	$ 2,721
Accrued warranty reserve, current portion	1,713	1,546
Payroll and related costs	1,487	1,325
Taxes payable	1,100	1,204
Customer deposits	949	876
Operating lease liabilities, current portion	748	672
Sales return reserve, current portion	169	219
Other current liabilities	1,022	517
Total	$ 9,616	$ 9,080

Other Long-Term Liabilities - S

Other Long-Term Liabilities - Schedule of Other Long-term Liabilities (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Other Liabilities [Abstract]
Operating lease liabilities	$ 4,022	$ 3,671
Accrued warranty reserve	4,082	3,606
Other non-current liabilities	898	876
Total other long-term liabilities	$ 9,002	$ 8,153

Debt - Summary of Debt and Fina

Debt - Summary of Debt and Finance Leases (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Current	$ 2,024	$ 1,975
Long-Term	5,338	2,682
Unpaid Principal Balance	7,387	4,683
Unused Committed Amount	5,004	5,028
Less: Current portion	240	398
Long-term portion of lease obligations	143	175
Current portion of debt and finance leases	2,264	2,373
Long-term portion of debt and finance leases	5,481	2,857
Recourse debt:
Debt Instrument [Line Items]
Current	4	37
Long-Term	3	7
Unpaid Principal Balance	7	44
Unused Committed Amount	$ 5,004	5,028
Recourse debt: \| 2024 Notes
Debt Instrument [Line Items]
Current		37
Long-Term		0
Unpaid Principal Balance		37
Unused Committed Amount		$ 0
Contractual Interest Rates	2%	2%
Contractual Maturity Date		2024-05
Recourse debt: \| RCF Credit Agreement
Debt Instrument [Line Items]
Current	$ 0	$ 0
Long-Term	0	0
Unpaid Principal Balance	0	0
Unused Committed Amount	$ 5,000	$ 5,000
Contractual Maturity Date	2028-01	2028-01
Recourse debt: \| Other
Debt Instrument [Line Items]
Current	$ 4	$ 0
Long-Term	3	7
Unpaid Principal Balance	7	7
Unused Committed Amount	$ 4	$ 28
Contractual Maturity Date, Start	2025-03	2025-03
Contractual Maturity Date, End	2031-01	2031-01
Recourse debt: \| Other \| Minimum
Debt Instrument [Line Items]
Contractual Interest Rates	4.70%	4.70%
Recourse debt: \| Other \| Maximum
Debt Instrument [Line Items]
Contractual Interest Rates	5.75%	5.75%
Non-recourse debt:
Debt Instrument [Line Items]
Current	$ 2,020	$ 1,938
Long-Term	5,335	2,675
Unpaid Principal Balance	7,380	4,639
Unused Committed Amount	0	0
Non-recourse debt: \| Automotive Asset-backed Notes
Debt Instrument [Line Items]
Current	1,987	1,906
Long-Term	2,261	2,337
Unpaid Principal Balance	4,263	4,259
Unused Committed Amount	$ 0	$ 0
Contractual Maturity Date, Start	2024-12	2024-07
Contractual Maturity Date, End	2035-06	2031-05
Non-recourse debt: \| Automotive Asset-backed Notes \| Minimum
Debt Instrument [Line Items]
Contractual Interest Rates	1.12%	0.60%
Non-recourse debt: \| Automotive Asset-backed Notes \| Maximum
Debt Instrument [Line Items]
Contractual Interest Rates	6.57%	6.57%
Non-recourse debt: \| China Working Capital Facility
Debt Instrument [Line Items]
Current	$ 0
Long-Term	2,751
Unpaid Principal Balance	2,751
Unused Committed Amount	$ 0
Contractual Interest Rates	2.27%
Contractual Maturity Date	2025-04
Non-recourse debt: \| Cash Equity Debt
Debt Instrument [Line Items]
Current	$ 29	$ 28
Long-Term	317	330
Unpaid Principal Balance	355	367
Unused Committed Amount	$ 0	$ 0
Contractual Maturity Date, Start	2033-07	2033-07
Contractual Maturity Date, End	2035-01	2035-01
Non-recourse debt: \| Cash Equity Debt \| Minimum
Debt Instrument [Line Items]
Contractual Interest Rates	5.25%	5.25%
Non-recourse debt: \| Cash Equity Debt \| Maximum
Debt Instrument [Line Items]
Contractual Interest Rates	5.81%	5.81%
Non-recourse debt: \| Solar Asset-backed Notes
Debt Instrument [Line Items]
Current	$ 4	$ 4
Long-Term	6	8
Unpaid Principal Balance	11	13
Unused Committed Amount	$ 0	$ 0
Contractual Interest Rates	4.80%	4.80%
Contractual Maturity Date	2026-12	2026-12

Debt - Additional Information (

Debt - Additional Information (Details) $ in Millions	1 Months Ended
Debt - Additional Information (Details) $ in Millions	Apr. 30, 2024 CNY (¥)	Jun. 30, 2024 USD ($)
China Working Capital Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum commitment amount \| ¥	¥ 20,000,000,000
China Working Capital Facility \| Revolving Credit Facility \| Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.18%
Senior Notes \| Automotive Asset-backed Notes
Debt Instrument [Line Items]
Debt principal issued \| $		$ 1,100

Equity Incentive Plans - Additi

Equity Incentive Plans - Additional Information (Detail) - Performance Based Restricted Stock Units And Stock Options shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($) shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation expense	$ 506
Granted (in shares) \| shares	4.2
Probable of achievement, cost not yet recognized, amount	$ 80
Weighted-average period of recognition of unrecognized compensation, in years	4 years

Equity Incentive Plans - Summar

Equity Incentive Plans - Summary of Stock-Based Compensation Expense (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	$ 439	$ 445	$ 963	$ 863
Cost of revenues
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	180	181	382	373
Research and development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	169	168	381	302
Selling, general and administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	88	96	198	188
Restructuring and other
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	$ 2	$ 0	$ 2	$ 0

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
Income Taxes (Details)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	21%	11%	23%	10%

Commitments and Contingencies (

Commitments and Contingencies (Detail)				1 Months Ended	4 Months Ended	29 Months Ended
Commitments and Contingencies (Detail)	Jan. 30, 2024 USD ($) shares	Jul. 22, 2022 Plaintiff	Jun. 16, 2022 shareholder	Sep. 06, 2018 Plaintiff	Feb. 11, 2019 Plaintiff	Mar. 08, 2021 Plaintiff	Nov. 15, 2021 USD ($)
Commitments And Contingencies [Line Items]
Damages sought (in shares) \| shares	29,402,900
Damages sought \| $	$ 1,120,115.5
Disinterested voting shares in favor, percentage	72%
Loss contingency number of purported stockholder class actions filed				9
Number of lawsuits filed					2	7
Number of consolidated actions		2				5
Number of pending resolutions						7
Number of Tesla stockholders \| shareholder			2
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 (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 14,635	$ 16,398	$ 15,296	$ 16,253
Accounts receivable, net	3,737	3,508
Prepaid expenses and other current assets	4,325	3,388
Total current assets	52,977	49,616
Other non-current assets	4,458	4,531
Total assets	112,832	106,618
Current liabilities
Accrued liabilities and other	9,616	9,080
Deferred revenue	2,793	2,864
Current portion of debt and finance leases	2,264	2,373
Total current liabilities	27,729	28,748
Deferred revenue, net of current portion	3,357	3,251
Debt and finance leases, net of current portion	5,481	2,857
Total liabilities	45,569	43,009
Variable Interest Entities (VIEs)
Current assets
Cash and cash equivalents	46	66
Accounts receivable, net	26	13
Prepaid expenses and other current assets	269	361
Total current assets	341	440
Other non-current assets	193	369
Total assets	3,090	4,087
Current liabilities
Accrued liabilities and other	31	67
Deferred revenue	7	6
Current portion of debt and finance leases	1,839	1,564
Total current liabilities	1,877	1,637
Deferred revenue, net of current portion	83	99
Debt and finance leases, net of current portion	1,915	2,041
Total liabilities	3,875	3,777
Variable Interest Entities (VIEs) \| Solar energy systems, net
Current assets
Solar energy systems, net	$ 2,556	$ 3,278

Segment Reporting and Informa_3

Segment Reporting and Information about Geographic Areas - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2024 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Revenue Reconciling Item [Line Items]
Revenues	$ 25,500	$ 24,927	$ 46,801	$ 48,256
Gross profit	4,578	4,533	8,274	9,044
Automotive segment
Segment Reporting Revenue Reconciling Item [Line Items]
Revenues	22,486	23,418	42,152	45,218
Gross profit	3,838	4,255	7,131	8,598
Energy generation and storage segment
Segment Reporting Revenue Reconciling Item [Line Items]
Revenues	3,014	1,509	4,649	3,038
Gross profit	$ 740	$ 278	$ 1,143	$ 446

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 25,500	$ 24,927	$ 46,801	$ 48,256
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	13,256	11,332	23,018	22,579
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	4,636	5,731	9,228	10,622
Other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 7,608	$ 7,864	$ 14,555	$ 15,055

Segment Reporting and Informa_6

Segment Reporting and Information about Geographic Areas - Schedule of Long-Lived Assets by Geographic Area (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	$ 38,004	$ 34,954
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	29,652	26,629
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	4,228	4,258
Other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	$ 4,124	$ 4,067

Segment Reporting and Informa_7

Segment Reporting and Information about Geographic Areas - Schedule of inventory and accounts receivable by reportable segment (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Inventory	$ 14,195	$ 13,626
Automotive
Segment Reporting Information [Line Items]
Inventory	12,192	11,139
Energy generation and storage segment
Segment Reporting Information [Line Items]
Inventory	$ 2,003	$ 2,487

Restructuring and Other (Detail

Restructuring and Other (Detail) $ in Millions	3 Months Ended
Restructuring and Other (Detail) $ in Millions	Jun. 30, 2024 USD ($)
Restructuring and Related Activities [Abstract]
Severance costs	$ 583