Tesla (TSLA) 10-Q23 Oct 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2024	Oct. 18, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		3,210,059,659
Entity Central Index Key	0001318605
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 18,111	$ 16,398
Short-term investments	15,537	12,696
Accounts receivable, net	3,313	3,508
Inventory	14,530	13,626
Prepaid expenses and other current assets	4,888	3,388
Total current assets	56,379	49,616
Property, plant and equipment, net	36,116	29,725
Operating lease right-of-use assets	4,867	4,180
Digital assets, net	184	184
Intangible assets, net	158	178
Goodwill	253	253
Deferred tax assets	6,486	6,733
Other non-current assets	4,989	4,531
Total assets	119,852	106,618
Current liabilities
Accounts payable	14,654	14,431
Accrued liabilities and other	10,601	9,080
Deferred revenue	3,031	2,864
Current portion of debt and finance leases	2,291	2,373
Total current liabilities	30,577	28,748
Debt and finance leases, net of current portion	5,405	2,857
Deferred revenue, net of current portion	3,350	3,251
Other long-term liabilities	9,810	8,153
Total liabilities	49,142	43,009
Commitments and contingencies (Note 10)
Redeemable noncontrolling interests in subsidiaries	70	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; 3,207 and 3,185 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	3	3
Additional paid-in capital	37,286	34,892
Accumulated other comprehensive loss	(14)	(143)
Retained earnings	32,656	27,882
Total stockholders’ equity	69,931	62,634
Noncontrolling interests in subsidiaries	709	733
Total liabilities and equity	119,852	106,618
Operating Lease Vehicles
Current assets
Operating lease vehicles, net	5,380	5,989
Solar energy systems, net
Current assets
Solar energy systems, net	$ 5,040	$ 5,229

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 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)	3,207,000,000	3,185,000,000
Common stock, shares outstanding (in shares)	3,207,000,000	3,185,000,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues
Revenues	$ 25,182	$ 23,350	$ 71,983	$ 71,606
Cost of revenues
Total cost of revenues	20,185	19,172	58,712	58,384
Gross profit	4,997	4,178	13,271	13,222
Operating expenses
Research and development	1,039	1,161	3,264	2,875
Selling, general and administrative	1,186	1,253	3,837	3,520
Restructuring and other	55	0	677	0
Total operating expenses	2,280	2,414	7,778	6,395
Income from operations	2,717	1,764	5,493	6,827
Interest income	429	282	1,127	733
Interest expense	(92)	(38)	(254)	(95)
Other (expense) income, net	(270)	37	(142)	317
Income before income taxes	2,784	2,045	6,224	7,782
Provision for income taxes	601	167	1,403	751
Net income	2,183	1,878	4,821	7,031
Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries	16	25	47	(38)
Net income attributable to common stockholders	$ 2,167	$ 1,853	$ 4,774	$ 7,069
Net income per share of common stock attributable to common stockholders
Basic (in dollars per share)	$ 0.68	$ 0.58	$ 1.51	$ 2.23
Diluted (in dollars per share)	$ 0.62	$ 0.53	$ 1.38	$ 2.03
Weighted average shares used in computing net income per share of common stock
Basic (in shares)	3,198	3,176	3,192	3,171
Diluted (in shares)	3,497	3,493	3,489	3,481
Automotive Revenues
Revenues
Revenues	$ 20,016	$ 19,625	$ 57,272	$ 60,856
Cost of revenues
Total cost of revenues	15,990	15,957	46,363	48,891
Automotive sales
Revenues
Revenues	18,831	18,582	53,821	57,879
Cost of revenues
Total cost of revenues	15,743	15,656	45,602	47,919
Automotive regulatory credits
Revenues
Revenues	739	554	2,071	1,357
Automotive leasing
Revenues
Revenues	446	489	1,380	1,620
Cost of revenues
Total cost of revenues	247	301	761	972
Energy generation and storage
Revenues
Revenues	2,376	1,559	7,025	4,597
Cost of revenues
Total cost of revenues	1,651	1,178	5,157	3,770
Services and other
Revenues
Revenues	2,790	2,166	7,686	6,153
Cost of revenues
Total cost of revenues	$ 2,544	$ 2,037	$ 7,192	$ 5,723

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 2,183	$ 1,878	$ 4,821	$ 7,031
Other comprehensive income (loss):
Foreign currency translation adjustment	445	(289)	121	(343)
Unrealized net gain on investments, net of tax	8	7	8	8
Net loss realized and included in net income	0	0	0	4
Comprehensive income	2,636	1,596	4,950	6,700
Less: Comprehensive income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries	16	25	47	(38)
Comprehensive income attributable to common stockholders	$ 2,620	$ 1,571	$ 4,903	$ 6,738

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	(24)
Buy-outs of noncontrolling interests	(8)
Net (loss) income	(100)
Ending Balance at Sep. 30, 2023	277
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)			15
Issuance of common stock for equity incentive awards	548	548		548
Stock-based compensation	1,473	1,473		1,473
Distributions to noncontrolling interests	(83)						(83)
Buy-outs of noncontrolling interests	(9)	3		3			(12)
Net (loss) income	7,131	7,069				7,069	62
Other comprehensive income (loss)	(331)	(331)			(331)
Balance (in shares) at Sep. 30, 2023			3,179
Balance at Sep. 30, 2023	54,218	53,466	$ 3	34,201	(692)	19,954	752
Beginning Balance at Jun. 30, 2023	288
Redeemable Noncontrolling Interests
Distributions to noncontrolling interests	(10)
Buy-outs of noncontrolling interests	(5)
Net (loss) income	4
Ending Balance at Sep. 30, 2023	277
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
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	254	254		254
Stock-based compensation	513	513		513
Distributions to noncontrolling interests	(33)						(33)
Buy-outs of noncontrolling interests	(2)	(2)		(2)
Net (loss) income	1,874	1,853				1,853	21
Other comprehensive income (loss)	(282)	(282)			(282)
Balance (in shares) at Sep. 30, 2023			3,179
Balance at Sep. 30, 2023	54,218	53,466	$ 3	34,201	(692)	19,954	752
Beginning Balance at Dec. 31, 2023	242
Redeemable Noncontrolling Interests
Distributions to noncontrolling interests	(11)
Buy-outs of noncontrolling interests	(166)
Net (loss) income	5
Ending Balance at Sep. 30, 2024	70
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]
Settlement of warrants (in shares)			9
Issuance of common stock for equity incentive awards (in shares)			13
Issuance of common stock for equity incentive awards	787	787		787
Stock-based compensation	1,565	1,565		1,565
Distributions to noncontrolling interests	(66)						(66)
Buy-outs of noncontrolling interests	42	42		42
Net (loss) income	4,816	4,774				4,774	42
Other comprehensive income (loss)	129	129			129
Balance (in shares) at Sep. 30, 2024			3,207
Balance at Sep. 30, 2024	70,640	69,931	$ 3	37,286	(14)	32,656	709
Beginning Balance at Jun. 30, 2024	72
Redeemable Noncontrolling Interests
Distributions to noncontrolling interests	(3)
Net (loss) income	1
Ending Balance at Sep. 30, 2024	70
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Settlement of warrants (in shares)			9
Issuance of common stock for equity incentive awards (in shares)			4
Issuance of common stock for equity incentive awards	340	340		340
Stock-based compensation	503	503		503
Distributions to noncontrolling interests	(29)						(29)
Net (loss) income	2,182	2,167				2,167	15
Other comprehensive income (loss)	453	453			453
Balance (in shares) at Sep. 30, 2024			3,207
Balance at Sep. 30, 2024	$ 70,640	$ 69,931	$ 3	$ 37,286	$ (14)	$ 32,656	$ 709

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities
Net income	$ 4,821	$ 7,031
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and impairment	3,872	3,435
Stock-based compensation	1,420	1,328
Inventory and purchase commitments write-downs	247	361
Foreign currency transaction net unrealized loss (gain)	197	(317)
Deferred income taxes	418	(316)
Non-cash interest and other operating activities	83	94
Changes in operating assets and liabilities:
Accounts receivable	144	377
Inventory	(1,107)	(1,953)
Operating lease vehicles	(82)	(1,858)
Prepaid expenses and other assets	(2,639)	(1,992)
Accounts payable, accrued and other liabilities	2,504	1,922
Deferred revenue	231	774
Net cash provided by operating activities	10,109	8,886
Cash Flows from Investing Activities
Purchases of property and equipment excluding finance leases, net of sales	(8,556)	(6,592)
Purchases of solar energy systems, net of sales	(6)	0
Purchases of investments	(20,797)	(13,221)
Proceeds from maturities of investments	17,975	8,959
Proceeds from sales of investments	200	138
Business combinations, net of cash acquired	0	(64)
Net cash used in investing activities	(11,184)	(10,780)
Cash Flows from Financing Activities
Proceeds from issuances of debt	4,360	2,526
Repayments of debt	(1,783)	(887)
Proceeds from exercises of stock options and other stock issuances	788	548
Principal payments on finance leases	(291)	(340)
Debt issuance costs	(6)	(23)
Distributions paid to noncontrolling interests in subsidiaries	(76)	(105)
Payments for buy-outs of noncontrolling interests in subsidiaries	(124)	(17)
Net cash provided by (used in) financing activities	2,868	1,702
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(8)	(142)
Net increase (decrease) in cash and cash equivalents and restricted cash	1,785	(334)
Cash and cash equivalents and restricted cash, beginning of period	17,189	16,924
Cash and cash equivalents and restricted cash, end of period	18,974	16,590
Supplemental Non-Cash Investing and Financing Activities
Acquisitions of property and equipment included in liabilities	2,727	1,717
Leased assets obtained in exchange for finance lease liabilities	32	1
Leased assets obtained in exchange for operating lease liabilities	$ 1,232	$ 1,548

Overview & Summary of Significa

Overview & Summary of Significant Accounting Policies	9 Months Ended
Overview & Summary of Significant Accounting Policies	Sep. 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 September 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 nine months ended September 30, 2024 and 2023, and the consolidated statements of cash flows for the nine months ended September 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Automotive sales $ 18,831 $ 18,582 $ 53,821 $ 57,879 Automotive regulatory credits 739 554 2,071 1,357 Energy generation and storage sales 2,228 1,416 6,616 4,188 Services and other 2,790 2,166 7,686 6,153 Total revenues from sales and services 24,588 22,718 70,194 69,577 Automotive leasing 446 489 1,380 1,620 Energy generation and storage leasing 148 143 409 409 Total revenues $ 25,182 $ 23,350 $ 71,983 $ 71,606 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 $3.61 billion and $3.54 billion as of September 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 $711 million and $360 million for the nine months ended September 30, 2024 and 2023, respectively. Of the total deferred revenue balance as of September 30, 2024, we expect to recognize $821 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 September 30, 2024 and December 31, 2023, we had current net financing receivables of $245 million and $242 million, respectively, in Accounts receivable, net, and $868 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 liabilities. The total recorded guarantee liabilities on vehicles sold under this program were immaterial as of September 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 $1.04 billion and $166 million as of September 30, 2024 and December 31, 2023, respectively. Automotive Regulatory Credits As of September 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 $4.72 billion. Of this amount, we expect to recognize $683 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): September 30, 2024 December 31, 2023 Gross lease receivables $ 584 $ 780 Unearned interest income (48) (78) Allowance for expected credit losses (7) (6) Net investment in sales-type leases $ 529 $ 696 Reported as: Prepaid expenses and other current assets $ 171 $ 189 Other non-current assets 358 507 Net investment in sales-type leases $ 529 $ 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 September 30, 2024 and December 31, 2023, deferred revenue related to such customer payments amounted to $1.73 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 $1.09 billion and $511 million for the nine months ended September 30, 2024 and 2023, respectively. As of September 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 $6.61 billion. Of this amount, we expect to recognize $4.23 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 September 30, 2024 and December 31, 2023, we had current net financing receivables of $32 million and $31 million, respectively, in Accounts receivable, net, and $641 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income attributable to common stockholders $ 2,167 $ 1,853 $ 4,774 $ 7,069 Less: Buy-outs of noncontrolling interest — 2 (42) (3) Net income used in computing basic and diluted net income per share of common stock $ 2,167 $ 1,851 $ 4,816 $ 7,072 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Weighted average shares used in computing net income per share of common stock, basic 3,198 3,176 3,192 3,171 Add: Stock-based awards 290 304 286 297 Convertible senior notes — 2 1 2 Warrants 9 11 10 11 Weighted average shares used in computing net income per share of common stock, diluted 3,497 3,493 3,489 3,481 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Stock-based awards 15 13 18 12 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): September 30, December 31, September 30, December 31, Cash and cash equivalents $ 18,111 $ 16,398 $ 15,932 $ 16,253 Restricted cash included in prepaid expenses and other current assets 483 543 453 294 Restricted cash included in other non-current assets 380 248 205 377 Total as presented in the consolidated statements of cash flows $ 18,974 $ 17,189 $ 16,590 $ 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 September 30, 2024 and December 31, 2023, government rebates receivable was $315 million and $378 million, respectively, in Accounts receivable, net for the current portion and an immaterial amount and $207 million, respectively, in Other non-current assets for the long-term portion in our consolidated balance sheets. Financing Receivables As of September 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 September 30, 2024 and December 31, 2023, the majority of our financing receivables, excluding MyPower notes receivable, were originated in 2023 and 2022. As of September 30, 2024 and December 31, 2023, the total outstanding balance of MyPower customer notes receivable, net of allowance for expected credit losses, was $250 million and $266 million, respectively, of which $5 million was due in the next 12 months. As of September 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 September 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Accrued warranty - beginning of period $ 5,795 $ 4,465 $ 5,152 $ 3,505 Warranty costs incurred (380) (335) (1,048) (911) Net changes in liability for pre-existing warranties, including expirations and foreign exchange impact 231 15 295 426 Provision for warranty 717 577 1,964 1,702 Accrued warranty - end of period $ 6,363 $ 4,722 $ 6,363 $ 4,722 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 statement of operations 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 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	9 Months Ended
Fair Value of Financial Instruments	Sep. 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): September 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 $ 10,329 $ — $ 10,329 $ — $ 6,996 $ — $ 6,996 $ — Commercial paper 4,162 — 4,162 — 470 — 470 — U.S. government securities 3,393 — 3,393 — 5,136 — 5,136 — Corporate debt securities 196 — 196 — 480 — 480 — Money market funds 1,784 1,784 — — 109 109 — — Total $ 19,864 $ 1,784 $ 18,080 $ — $ 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 September 30, 2024 and December 31, 2023 consisted of the following (in millions): September 30, 2024 Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash and Cash Equivalents Short-Term Investments Cash $ 13,784 $ — $ — $ 13,784 $ 13,784 $ — Certificates of deposit and time deposits 10,327 2 — 10,329 600 9,729 Commercial paper 4,160 3 (1) 4,162 945 3,217 U.S. government securities 3,391 3 (1) 3,393 998 2,395 Corporate debt securities 195 1 — 196 — 196 Money market funds 1,784 — — 1,784 1,784 — Total cash, cash equivalents and short-term investments $ 33,641 $ 9 $ (2) $ 33,648 $ 18,111 $ 15,537 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 The following table summarizes the fair value of our investments by stated contractual maturities as of September 30, 2024 (in millions): Due in 1 year or less $ 15,336 Due in 1 year through 5 years 201 Total $ 15,537 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): September 30, 2024 December 31, 2023 Carrying Value Fair Value Carrying Value Fair Value 2024 Notes $ — $ — $ 37 $ 443 Digital assets, net $ 184 $ 729 $ 184 $ 487

Inventory

Inventory	9 Months Ended
Inventory	Sep. 30, 2024
Inventory Disclosure [Abstract]
Inventory	Inventory Our inventory consisted of the following (in millions): September 30, December 31, Raw materials $ 5,555 $ 5,390 Work in process 1,791 2,016 Finished goods (1) 5,950 5,049 Service parts 1,234 1,171 Total $ 14,530 $ 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 nine months ended September 30, 2024, we recorded write-downs of $46 million and $114 million, respectively, in Cost of revenues in the consolidated statements of operations. During the three and nine months ended September 30, 2023, we recorded write-downs of $43 million and $148 million, respectively, in Cost of revenues in the consolidated statements of operations.

Property, Plant and Equipment,

Property, Plant and Equipment, Net	9 Months Ended
Property, Plant and Equipment, Net	Sep. 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): September 30, December 31, Machinery, equipment, vehicles and office furniture $ 18,227 $ 16,309 Land and buildings 10,680 9,498 Leasehold improvements 3,584 3,136 Tooling 3,782 3,129 Computer equipment, hardware and software 2,818 2,409 AI infrastructure 3,693 1,510 Construction in progress 8,026 5,791 50,810 41,782 Less: Accumulated depreciation (14,694) (12,057) Total $ 36,116 $ 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	9 Months Ended
Accrued Liabilities and Other	Sep. 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): September 30, December 31, Accrued purchases (1) $ 2,424 $ 2,721 Accrued warranty reserve, current portion 1,839 1,546 Payroll and related costs 1,513 1,325 Taxes payable (2) 1,265 1,204 Customer deposits 994 876 Operating lease liabilities, current portion 797 672 Sales return reserve, current portion 226 219 Other current liabilities 1,543 517 Total $ 10,601 $ 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	9 Months Ended
Other Long-Term Liabilities	Sep. 30, 2024
Other Liabilities [Abstract]
Other Long-Term Liabilities	Other Long-Term Liabilities Our other long-term liabilities consisted of the following (in millions): September 30, December 31, Operating lease liabilities $ 4,290 $ 3,671 Accrued warranty reserve 4,524 3,606 Other non-current liabilities 996 876 Total other long-term liabilities $ 9,810 $ 8,153

Debt

Debt	9 Months Ended
Debt	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt The following is a summary of our debt and finance leases as of September 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 8 3 11 — 3.96-5.75% March 2025-January 2031 Total recourse debt 8 3 11 5,000 Non-recourse debt: Automotive Asset-backed Notes 2,073 2,107 4,195 — 3.95-6.57% August 2025-June 2035 China Working Capital Facility — 2,851 2,851 — 2.27 % April 2025 (2) Cash Equity Debt 30 309 348 — 5.25-5.81% July 2033-January 2035 Solar Asset-backed Notes 4 5 10 — 4.80 % December 2026 Total non-recourse debt 2,107 5,272 7,404 — Total debt 2,115 5,275 $ 7,415 $ 5,000 Finance leases 176 130 Total debt and finance leases $ 2,291 $ 5,405 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 September 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. Additionally, during the third quarter of 2024, we settled the warrants entered into in connection with the issuance of the 2024 Notes, resulting in the issuance of 8.5 million shares of our common stock. The remaining warrants were settled in October 2024. Automotive Asset-backed Notes During the nine months ended September 30, 2024, we transferred beneficial interests related to certain leased vehicles and financing receivables into special purpose entities and issued $1.57 billion in aggregate principal amount of Automotive Asset-backed Notes, with terms similar to our other previously issued Automotive Asset-backed Notes. The proceeds from the issuance, net of debt issuance costs, were $1.56 billion. In October 2024, we transferred beneficial interests related to certain leased vehicles into a special purpose entity and issued $783 million in aggregate principal amount of Automotive Asset-backed Notes, with terms similar to our other previously issued Automotive-backed Notes. China Working Capital Facility In April 2024, one of our subsidiaries entered into a loan agreement (the “China Working Capital Facility”) with lenders in China for an unsecured revolving facility of up to RMB 20.00 billion to be used for certain production expenditures as well as repayment of certain finance facilities. Borrowed funds bear interest at a rate equal to the Loan Prime Rate published by the People’s Bank of China minus 1.18%. The China Working Capital Facility is non-recourse to our assets.

Equity Incentive Plans

Equity Incentive Plans	9 Months Ended
Equity Incentive Plans	Sep. 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 September 30, 2024, we had unrecognized stock-based compensation expense of $487 million under these grants to purchase or receive an aggregate 4.9 million shares of our common stock. For awards probable of achievement, we estimate the unrecognized stock-based compensation expense of $457 million will be recognized over a weighted-average period of 4.3 years. For the three and nine months ended September 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Cost of revenues $ 184 $ 181 $ 566 $ 554 Research and development 191 189 572 491 Selling, general and administrative 82 95 280 283 Restructuring and other — — 2 — Total $ 457 $ 465 $ 1,420 $ 1,328

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rate was 22% and 23% for the three and nine months ended September 30, 2024, respectively, compared to 8% and 10% for the three and nine months ended September 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 nine 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	9 Months Ended
Commitments and Contingencies	Sep. 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 September 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 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 was held on 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. On August 14, 2024, the parties submitted a joint letter requesting that the Court approve and enter final judgment with respect to the settlement, and decide the fee request at a later date. 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, and is scheduled for oral argument on October 25, 2024. 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. Several of those actions were consolidated, and all have been stayed. 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 lawsuit has been stayed pending resolution of a motion to consolidate certain derivative lawsuits in the Delaware Court of Chancery referenced below. 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 on September 12, 2024, the Court denied JP Morgan’s motion. 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. On August 6, 2024, the plaintiffs in these three actions moved to consolidate the matters into a single case, and a hearing on that motion is scheduled for November 18, 2024. 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. 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 August 8, 2024, the Court denied the plaintiff’s motion for leave to file an amended complaint and entered judgment for Tesla. On September 5, 2024, the plaintiff filed a notice of appeal to United States Court of Appeals for the Second Circuit. 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 September 30, 2024, the Court granted Tesla’s motion to dismiss without prejudice. 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, vehicle incidents, 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	9 Months Ended
Variable Interest Entity Arrangements	Sep. 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): September 30, December 31, Assets Current assets Cash and cash equivalents $ 51 $ 66 Accounts receivable, net 28 13 Prepaid expenses and other current assets 263 361 Total current assets 342 440 Operating lease vehicles, net 451 — Solar energy systems, net 2,524 3,278 Other non-current assets 190 369 Total assets $ 3,507 $ 4,087 Liabilities Current liabilities Accrued liabilities and other $ 36 $ 67 Deferred revenue 7 6 Current portion of debt and finance leases 1,930 1,564 Total current liabilities 1,973 1,637 Deferred revenue, net of current portion 81 99 Debt and finance leases, net of current portion 1,826 2,041 Total liabilities $ 3,880 $ 3,777

Segment Reporting and Informati

Segment Reporting and Information about Geographic Areas	9 Months Ended
Segment Reporting and Information about Geographic Areas	Sep. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Automotive segment Revenues $ 22,806 $ 21,791 $ 64,958 $ 67,009 Gross profit $ 4,272 $ 3,797 $ 11,403 $ 12,395 Energy generation and storage segment Revenues $ 2,376 $ 1,559 $ 7,025 $ 4,597 Gross profit $ 725 $ 381 $ 1,868 $ 827 The following table presents revenues by geographic area based on the sales location of our products (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 United States $ 12,584 $ 10,893 $ 35,602 $ 33,472 China 5,665 5,020 14,893 15,642 Other international 6,933 7,437 21,488 22,492 Total $ 25,182 $ 23,350 $ 71,983 $ 71,606 The following table presents long-lived assets by geographic area (in millions): September 30, December 31, United States $ 32,367 $ 26,629 Germany 4,447 4,258 Other international 4,342 4,067 Total $ 41,156 $ 34,954 The following table presents inventory by reportable segment (in millions): September 30, December 31, Automotive $ 12,266 $ 11,139 Energy generation and storage 2,264 2,487 Total $ 14,530 $ 13,626

Restructuring and Other

Restructuring and Other	9 Months Ended
Restructuring and Other	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Other	Restructuring and Other In 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 with an immaterial accrual remaining in Accrued liabilities and other in our consolidated balance sheet as of September 30, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income attributable to common stockholders	$ 2,167	$ 1,853	$ 4,774	$ 7,069

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
Insider Trading Arrangements	Sep. 30, 2024 shares	Sep. 30, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Robyn Denholm [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On July 25, 2024, Robyn Denholm, one of our directors, adopted a Rule 10b5-1 trading arrangement for the potential sale of up to 674,345 shares of our common stock (all resulting from stock options expiring in June 2025), subject to certain conditions. The arrangement's expiration date is June 18, 2025.
Name	Robyn Denholm
Title	directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	July 25, 2024
Expiration Date	June 18, 2025
Arrangement Duration	328 days
Aggregate Available	674,345	674,345
Kimbal Musk [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On July 31, 2024, Kimbal Musk, one of our directors, adopted a Rule 10b5-1 trading arrangement for the potential sale of up to 152,088 shares of our common stock, subject to certain conditions. The arrangement's expiration date is May 30, 2025.
Name	Kimbal Musk
Title	directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	July 31, 2024
Expiration Date	May 30, 2025
Arrangement Duration	303 days
Aggregate Available	152,088	152,088
Kathleen Wilson-Thompson [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On August 12, 2024, Kathleen Wilson-Thompson, one of our directors, adopted a Rule 10b5-1 trading arrangement for the potential sale of up to 300,000 shares of our common stock, subject to certain conditions. The arrangement's expiration date is February 28, 2025.
Name	Kathleen Wilson-Thompson
Title	directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 12, 2024
Expiration Date	February 28, 2025
Arrangement Duration	200 days
Aggregate Available	300,000	300,000

Overview & Summary of Signifi_2

Overview & Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Unaudited Interim Financial Statement	Unaudited Interim Financial Statements The consolidated financial statements, including the consolidated balance sheet as of September 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 nine months ended September 30, 2024 and 2023, and the consolidated statements of cash flows for the nine months ended September 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Automotive sales $ 18,831 $ 18,582 $ 53,821 $ 57,879 Automotive regulatory credits 739 554 2,071 1,357 Energy generation and storage sales 2,228 1,416 6,616 4,188 Services and other 2,790 2,166 7,686 6,153 Total revenues from sales and services 24,588 22,718 70,194 69,577 Automotive leasing 446 489 1,380 1,620 Energy generation and storage leasing 148 143 409 409 Total revenues $ 25,182 $ 23,350 $ 71,983 $ 71,606 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 $3.61 billion and $3.54 billion as of September 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 $711 million and $360 million for the nine months ended September 30, 2024 and 2023, respectively. Of the total deferred revenue balance as of September 30, 2024, we expect to recognize $821 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 September 30, 2024 and December 31, 2023, we had current net financing receivables of $245 million and $242 million, respectively, in Accounts receivable, net, and $868 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 liabilities. The total recorded guarantee liabilities on vehicles sold under this program were immaterial as of September 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 $1.04 billion and $166 million as of September 30, 2024 and December 31, 2023, respectively. Automotive Regulatory Credits As of September 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 $4.72 billion. Of this amount, we expect to recognize $683 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): September 30, 2024 December 31, 2023 Gross lease receivables $ 584 $ 780 Unearned interest income (48) (78) Allowance for expected credit losses (7) (6) Net investment in sales-type leases $ 529 $ 696 Reported as: Prepaid expenses and other current assets $ 171 $ 189 Other non-current assets 358 507 Net investment in sales-type leases $ 529 $ 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 September 30, 2024 and December 31, 2023, deferred revenue related to such customer payments amounted to $1.73 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 $1.09 billion and $511 million for the nine months ended September 30, 2024 and 2023, respectively. As of September 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 $6.61 billion. Of this amount, we expect to recognize $4.23 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 September 30, 2024 and December 31, 2023, we had current net financing receivables of $32 million and $31 million, respectively, in Accounts receivable, net, and $641 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 September 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 statement of operations 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 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)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Automotive sales $ 18,831 $ 18,582 $ 53,821 $ 57,879 Automotive regulatory credits 739 554 2,071 1,357 Energy generation and storage sales 2,228 1,416 6,616 4,188 Services and other 2,790 2,166 7,686 6,153 Total revenues from sales and services 24,588 22,718 70,194 69,577 Automotive leasing 446 489 1,380 1,620 Energy generation and storage leasing 148 143 409 409 Total revenues $ 25,182 $ 23,350 $ 71,983 $ 71,606
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): September 30, 2024 December 31, 2023 Gross lease receivables $ 584 $ 780 Unearned interest income (48) (78) Allowance for expected credit losses (7) (6) Net investment in sales-type leases $ 529 $ 696 Reported as: Prepaid expenses and other current assets $ 171 $ 189 Other non-current assets 358 507 Net investment in sales-type leases $ 529 $ 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income attributable to common stockholders $ 2,167 $ 1,853 $ 4,774 $ 7,069 Less: Buy-outs of noncontrolling interest — 2 (42) (3) Net income used in computing basic and diluted net income per share of common stock $ 2,167 $ 1,851 $ 4,816 $ 7,072 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Weighted average shares used in computing net income per share of common stock, basic 3,198 3,176 3,192 3,171 Add: Stock-based awards 290 304 286 297 Convertible senior notes — 2 1 2 Warrants 9 11 10 11 Weighted average shares used in computing net income per share of common stock, diluted 3,497 3,493 3,489 3,481
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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Stock-based awards 15 13 18 12
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): September 30, December 31, September 30, December 31, Cash and cash equivalents $ 18,111 $ 16,398 $ 15,932 $ 16,253 Restricted cash included in prepaid expenses and other current assets 483 543 453 294 Restricted cash included in other non-current assets 380 248 205 377 Total as presented in the consolidated statements of cash flows $ 18,974 $ 17,189 $ 16,590 $ 16,924
Schedule of Accrued Warranty Activity	Accrued warranty activity consisted of the following (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Accrued warranty - beginning of period $ 5,795 $ 4,465 $ 5,152 $ 3,505 Warranty costs incurred (380) (335) (1,048) (911) Net changes in liability for pre-existing warranties, including expirations and foreign exchange impact 231 15 295 426 Provision for warranty 717 577 1,964 1,702 Accrued warranty - end of period $ 6,363 $ 4,722 $ 6,363 $ 4,722

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
Fair Value of Financial Instruments (Tables)	Sep. 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): September 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 $ 10,329 $ — $ 10,329 $ — $ 6,996 $ — $ 6,996 $ — Commercial paper 4,162 — 4,162 — 470 — 470 — U.S. government securities 3,393 — 3,393 — 5,136 — 5,136 — Corporate debt securities 196 — 196 — 480 — 480 — Money market funds 1,784 1,784 — — 109 109 — — Total $ 19,864 $ 1,784 $ 18,080 $ — $ 13,191 $ 109 $ 13,082 $ —
Unrealized Gain (Loss) on Investments	Our cash, cash equivalents and investments classified by security type as of September 30, 2024 and December 31, 2023 consisted of the following (in millions): September 30, 2024 Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash and Cash Equivalents Short-Term Investments Cash $ 13,784 $ — $ — $ 13,784 $ 13,784 $ — Certificates of deposit and time deposits 10,327 2 — 10,329 600 9,729 Commercial paper 4,160 3 (1) 4,162 945 3,217 U.S. government securities 3,391 3 (1) 3,393 998 2,395 Corporate debt securities 195 1 — 196 — 196 Money market funds 1,784 — — 1,784 1,784 — Total cash, cash equivalents and short-term investments $ 33,641 $ 9 $ (2) $ 33,648 $ 18,111 $ 15,537 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 September 30, 2024 (in millions): Due in 1 year or less $ 15,336 Due in 1 year through 5 years 201 Total $ 15,537
Schedule of Estimated Fair Values and Carrying Values	The following table presents the estimated fair values and the carrying values (in millions): September 30, 2024 December 31, 2023 Carrying Value Fair Value Carrying Value Fair Value 2024 Notes $ — $ — $ 37 $ 443 Digital assets, net $ 184 $ 729 $ 184 $ 487

Inventory (Tables)

Inventory (Tables)	9 Months Ended
Inventory (Tables)	Sep. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory	Our inventory consisted of the following (in millions): September 30, December 31, Raw materials $ 5,555 $ 5,390 Work in process 1,791 2,016 Finished goods (1) 5,950 5,049 Service parts 1,234 1,171 Total $ 14,530 $ 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)	9 Months Ended
Property, Plant and Equipment, Net (Tables)	Sep. 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): September 30, December 31, Machinery, equipment, vehicles and office furniture $ 18,227 $ 16,309 Land and buildings 10,680 9,498 Leasehold improvements 3,584 3,136 Tooling 3,782 3,129 Computer equipment, hardware and software 2,818 2,409 AI infrastructure 3,693 1,510 Construction in progress 8,026 5,791 50,810 41,782 Less: Accumulated depreciation (14,694) (12,057) Total $ 36,116 $ 29,725

Accrued Liabilities and Other (

Accrued Liabilities and Other (Tables)	9 Months Ended
Accrued Liabilities and Other (Tables)	Sep. 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): September 30, December 31, Accrued purchases (1) $ 2,424 $ 2,721 Accrued warranty reserve, current portion 1,839 1,546 Payroll and related costs 1,513 1,325 Taxes payable (2) 1,265 1,204 Customer deposits 994 876 Operating lease liabilities, current portion 797 672 Sales return reserve, current portion 226 219 Other current liabilities 1,543 517 Total $ 10,601 $ 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)	9 Months Ended
Other Long-Term Liabilities (Tables)	Sep. 30, 2024
Other Liabilities [Abstract]
Schedule of Other Long-term Liabilities	Our other long-term liabilities consisted of the following (in millions): September 30, December 31, Operating lease liabilities $ 4,290 $ 3,671 Accrued warranty reserve 4,524 3,606 Other non-current liabilities 996 876 Total other long-term liabilities $ 9,810 $ 8,153

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Sep. 30, 2024
Debt Disclosure [Abstract]
Summary of Debt and Finance Leases	The following is a summary of our debt and finance leases as of September 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 8 3 11 — 3.96-5.75% March 2025-January 2031 Total recourse debt 8 3 11 5,000 Non-recourse debt: Automotive Asset-backed Notes 2,073 2,107 4,195 — 3.95-6.57% August 2025-June 2035 China Working Capital Facility — 2,851 2,851 — 2.27 % April 2025 (2) Cash Equity Debt 30 309 348 — 5.25-5.81% July 2033-January 2035 Solar Asset-backed Notes 4 5 10 — 4.80 % December 2026 Total non-recourse debt 2,107 5,272 7,404 — Total debt 2,115 5,275 $ 7,415 $ 5,000 Finance leases 176 130 Total debt and finance leases $ 2,291 $ 5,405 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)	9 Months Ended
Equity Incentive Plans (Tables)	Sep. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Cost of revenues $ 184 $ 181 $ 566 $ 554 Research and development 191 189 572 491 Selling, general and administrative 82 95 280 283 Restructuring and other — — 2 — Total $ 457 $ 465 $ 1,420 $ 1,328

Variable Interest Entity Arra_2

Variable Interest Entity Arrangements (Tables)	9 Months Ended
Variable Interest Entity Arrangements (Tables)	Sep. 30, 2024
Variable Interest Entity Disclosure [Abstract]
Schedule of 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): September 30, December 31, Assets Current assets Cash and cash equivalents $ 51 $ 66 Accounts receivable, net 28 13 Prepaid expenses and other current assets 263 361 Total current assets 342 440 Operating lease vehicles, net 451 — Solar energy systems, net 2,524 3,278 Other non-current assets 190 369 Total assets $ 3,507 $ 4,087 Liabilities Current liabilities Accrued liabilities and other $ 36 $ 67 Deferred revenue 7 6 Current portion of debt and finance leases 1,930 1,564 Total current liabilities 1,973 1,637 Deferred revenue, net of current portion 81 99 Debt and finance leases, net of current portion 1,826 2,041 Total liabilities $ 3,880 $ 3,777

Segment Reporting and Informa_2

Segment Reporting and Information about Geographic Areas (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Automotive segment Revenues $ 22,806 $ 21,791 $ 64,958 $ 67,009 Gross profit $ 4,272 $ 3,797 $ 11,403 $ 12,395 Energy generation and storage segment Revenues $ 2,376 $ 1,559 $ 7,025 $ 4,597 Gross profit $ 725 $ 381 $ 1,868 $ 827
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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 United States $ 12,584 $ 10,893 $ 35,602 $ 33,472 China 5,665 5,020 14,893 15,642 Other international 6,933 7,437 21,488 22,492 Total $ 25,182 $ 23,350 $ 71,983 $ 71,606
Schedule of Long-Lived Assets by Geographic Area	The following table presents long-lived assets by geographic area (in millions): September 30, December 31, United States $ 32,367 $ 26,629 Germany 4,447 4,258 Other international 4,342 4,067 Total $ 41,156 $ 34,954
Schedule of Reconciliation of Assets from Segment to Consolidated	The following table presents inventory by reportable segment (in millions): September 30, December 31, Automotive $ 12,266 $ 11,139 Energy generation and storage 2,264 2,487 Total $ 14,530 $ 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation Of Revenue [Line Items]
Revenues	$ 25,182	$ 23,350	$ 71,983	$ 71,606
Total revenues from sales and services
Disaggregation Of Revenue [Line Items]
Revenues	24,588	22,718	70,194	69,577
Automotive sales
Disaggregation Of Revenue [Line Items]
Revenues	18,831	18,582	53,821	57,879
Automotive regulatory credits
Disaggregation Of Revenue [Line Items]
Revenues	739	554	2,071	1,357
Energy generation and storage sales
Disaggregation Of Revenue [Line Items]
Revenues	2,228	1,416	6,616	4,188
Services and other
Disaggregation Of Revenue [Line Items]
Revenues	2,790	2,166	7,686	6,153
Automotive leasing
Disaggregation Of Revenue [Line Items]
Revenues	446	489	1,380	1,620
Energy generation and storage leasing
Disaggregation Of Revenue [Line Items]
Revenues	$ 148	$ 143	$ 409	$ 409

Overview & Summary of Signifi_5

Overview & Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 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	$ 6,610
Guarantees carrying value	1,040		$ 166
Accounts receivable, net	3,313		3,508
Other non-current assets	4,989		4,531
MyPower customer notes receivable, net of allowance for credit losses	250		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	315		378
Other non-current assets	0		207
Automotive sales
Summary Of Significant Accounting Policies [Line Items]
Deferred revenue	3,610		3,540
Revenue recognized	711	$ 360
Financing receivable, Net	245		242
Automotive sales \| Other non-current assets
Summary Of Significant Accounting Policies [Line Items]
Financing receivable, Net	868		1,040
Automotive sales \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-10-01
Summary Of Significant Accounting Policies [Line Items]
Unbilled transaction price allocated to performance obligations, expected of more than one year	$ 821
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	$ 4,720
Automotive regulatory credits \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-10-01
Summary Of Significant Accounting Policies [Line Items]
Unbilled transaction price allocated to performance obligations, expected of more than one year	$ 683
Deferred revenue, expected to recognize period	12 months
Energy generation and storage segment
Summary Of Significant Accounting Policies [Line Items]
Deferred revenue	$ 1,730		1,600
Revenue recognized	1,090	$ 511
Financing receivable, Net	32		31
Energy generation and storage segment \| Other non-current assets
Summary Of Significant Accounting Policies [Line Items]
Financing receivable, Net	641		$ 578
Energy generation and storage segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-10-01
Summary Of Significant Accounting Policies [Line Items]
Unbilled transaction price allocated to performance obligations, expected of more than one year	$ 4,230
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	Sep. 30, 2024	Dec. 31, 2023
Summary Of Significant Accounting Policies [Line Items]
Gross lease receivables	$ 584	$ 780
Unearned interest income	(48)	(78)
Allowance for expected credit losses	(7)	(6)
Net investment in sales-type leases	529	696
Prepaid expenses and other current assets
Summary Of Significant Accounting Policies [Line Items]
Net investment in sales-type leases	171	189
Other non-current assets
Summary Of Significant Accounting Policies [Line Items]
Net investment in sales-type leases	$ 358	$ 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accounting Policies [Abstract]
Net income attributable to common stockholders	$ 2,167	$ 1,853	$ 4,774	$ 7,069
Less: Buy-out of noncontrolling interest	0	2	(42)	(3)
Net income used in computing basic net income per share of common stock	2,167	1,851	4,816	7,072
Net income used in computing diluted net income per share of common stock	$ 2,167	$ 1,851	$ 4,816	$ 7,072

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accounting Policies [Abstract]
Weighted average shares used in computing net income per share of common stock, basic (in shares)	3,198	3,176	3,192	3,171
Stock-based awards (in shares)	290	304	286	297
Convertible senior awards (in shares)	0	2	1	2
Warrants (in shares)	9	11	10	11
Weighted average shares used in computing net income per share of common stock, diluted (in shares)	3,497	3,493	3,489	3,481

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Stock Based Awards
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Stock-based awards (in shares)	15	13	18	12

Overview & Summary of Signif_10

Overview & Summary of Significant Accounting Policies - Schedule of Cash and Cash Equivalents and Restricted Cash (Detail) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash and cash equivalents	$ 18,111	$ 16,398	$ 15,932	$ 16,253
Restricted cash included in prepaid expenses and other current assets	483	543	453	294
Restricted cash included in other non-current assets	380	248	205	377
Total as presented in the consolidated statements of cash flows	$ 18,974	$ 17,189	$ 16,590	$ 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Movement in Standard Product Warranty Accrual [Roll Forward]
Accrued warranty—beginning of period	$ 5,795	$ 4,465	$ 5,152	$ 3,505
Warranty costs incurred	(380)	(335)	(1,048)	(911)
Net changes in liability for pre-existing warranties, including expirations and foreign exchange impact	231	15	295	426
Provision for warranty	717	577	1,964	1,702
Accrued warranty—end of period	$ 6,363	$ 4,722	$ 6,363	$ 4,722

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	Sep. 30, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	$ 33,648	$ 29,094
Total	19,864	13,191
Certificates of deposit and time deposits
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	10,329	6,996
Commercial paper
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	4,162	470
U.S. government securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	3,393	5,136
Corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	196	480
Money market funds
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	1,784	109
Level I
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total	1,784	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	1,784	109
Level II
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total	18,080	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	10,329	6,996
Level II \| Commercial paper
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	4,162	470
Level II \| U.S. government securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	3,393	5,136
Level II \| Corporate debt securities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair Value	196	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	Sep. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Adjusted Cost	$ 33,641	$ 29,098
Gross Unrealized Gains	9	3
Gross Unrealized Losses	(2)	(7)
Fair Value	33,648	29,094
Cash and Cash Equivalents
Marketable Securities [Line Items]
Fair Value	18,111	16,398
Short-Term Investments
Marketable Securities [Line Items]
Fair Value	15,537	12,696
Cash
Marketable Securities [Line Items]
Adjusted Cost	13,784	15,903
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	13,784	15,903
Cash \| Cash and Cash Equivalents
Marketable Securities [Line Items]
Fair Value	13,784	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	10,327	6,995
Gross Unrealized Gains	2	1
Gross Unrealized Losses	0	0
Fair Value	10,329	6,996
Certificates of deposit and time deposits \| Cash and Cash Equivalents
Marketable Securities [Line Items]
Fair Value	600	0
Certificates of deposit and time deposits \| Short-Term Investments
Marketable Securities [Line Items]
Fair Value	9,729	6,996
Commercial paper
Marketable Securities [Line Items]
Adjusted Cost	4,160	470
Gross Unrealized Gains	3	0
Gross Unrealized Losses	(1)	0
Fair Value	4,162	470
Commercial paper \| Cash and Cash Equivalents
Marketable Securities [Line Items]
Fair Value	945	109
Commercial paper \| Short-Term Investments
Marketable Securities [Line Items]
Fair Value	3,217	361
U.S. government securities
Marketable Securities [Line Items]
Adjusted Cost	3,391	5,136
Gross Unrealized Gains	3	1
Gross Unrealized Losses	(1)	(1)
Fair Value	3,393	5,136
U.S. government securities \| Cash and Cash Equivalents
Marketable Securities [Line Items]
Fair Value	998	277
U.S. government securities \| Short-Term Investments
Marketable Securities [Line Items]
Fair Value	2,395	4,859
Corporate debt securities
Marketable Securities [Line Items]
Adjusted Cost	195	485
Gross Unrealized Gains	1	1
Gross Unrealized Losses	0	(6)
Fair Value	196	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	196	480
Money market funds
Marketable Securities [Line Items]
Adjusted Cost	1,784	109
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	1,784	109
Money market funds \| Cash and Cash Equivalents
Marketable Securities [Line Items]
Fair Value	1,784	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	Sep. 30, 2024 USD ($)
Fair Value Disclosures [Abstract]
Due in 1 year or less	$ 15,336
Due in 1 year through 5 years	201
Total	$ 15,537

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Additional Information (Detail) - 2024 Notes - Recourse debt:	9 Months Ended
	Sep. 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	Sep. 30, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
2024 Notes, Carrying Value	$ 5,275	$ 2,682
Digital assets, net	184	184
2024 Notes
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
2024 Notes, Carrying Value	0	37
2024 Notes, 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	$ 729	$ 487

Inventory - Schedule of Invento

Inventory - Schedule of Inventory (Detail) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 5,555	$ 5,390
Work in process	1,791	2,016
Finished goods	5,950	5,049
Service parts	1,234	1,171
Total	$ 14,530	$ 13,626

Inventory - Additional Informat

Inventory - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Inventory [Line Items]
Inventory write-downs			$ 247	$ 361
Cost of Revenues
Inventory [Line Items]
Inventory write-downs	$ 46	$ 43	$ 114	$ 148

Property, Plant and Equipment_3

Property, Plant and Equipment, Net - Schedule of Property, Plant and Equipment, Net (Detail) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 50,810	$ 41,782
Less: Accumulated depreciation	(14,694)	(12,057)
Total	36,116	29,725
Machinery, equipment, vehicles and office furniture
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	18,227	16,309
Land and buildings
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	10,680	9,498
Leasehold improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	3,584	3,136
Tooling
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	3,782	3,129
Computer equipment, hardware and software
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	2,818	2,409
AI infrastructure
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	3,693	1,510
Construction in progress
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 8,026	$ 5,791

Property, Plant and Equipment_4

Property, Plant and Equipment, Net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 1,050	$ 897	$ 2,960	$ 2,440

Accrued Liabilities and Other -

Accrued Liabilities and Other - Schedule of Accrued Liabilities and Other Current Liabilities (Detail) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued purchases	$ 2,424	$ 2,721
Accrued warranty reserve, current portion	1,839	1,546
Payroll and related costs	1,513	1,325
Taxes payable	1,265	1,204
Customer deposits	994	876
Operating lease liabilities, current portion	797	672
Sales return reserve, current portion	226	219
Other current liabilities	1,543	517
Total	$ 10,601	$ 9,080

Other Long-Term Liabilities - S

Other Long-Term Liabilities - Schedule of Other Long-term Liabilities (Detail) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Other Liabilities [Abstract]
Operating lease liabilities	$ 4,290	$ 3,671
Accrued warranty reserve	4,524	3,606
Other non-current liabilities	996	876
Total other long-term liabilities	$ 9,810	$ 8,153

Debt - Summary of Debt and Fina

Debt - Summary of Debt and Finance Leases (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Current	$ 2,115	$ 1,975
Long-Term	5,275	2,682
Unpaid Principal Balance	7,415	4,683
Unused Committed Amount	5,000	5,028
Less: Current portion	176	398
Long-term portion of lease obligations	130	175
Current portion of debt and finance leases	2,291	2,373
Long-term portion of debt and finance leases	5,405	2,857
Recourse debt:
Debt Instrument [Line Items]
Current	8	37
Long-Term	3	7
Unpaid Principal Balance	11	44
Unused Committed Amount	$ 5,000	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	$ 8	$ 0
Long-Term	3	7
Unpaid Principal Balance	11	7
Unused Committed Amount	$ 0	$ 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	3.96%	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	$ 2,107	$ 1,938
Long-Term	5,272	2,675
Unpaid Principal Balance	7,404	4,639
Unused Committed Amount	0	0
Non-recourse debt: \| Automotive Asset-backed Notes
Debt Instrument [Line Items]
Current	2,073	1,906
Long-Term	2,107	2,337
Unpaid Principal Balance	4,195	4,259
Unused Committed Amount	$ 0	$ 0
Contractual Maturity Date, Start	2025-08	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	3.95%	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	2,851
Unpaid Principal Balance	2,851
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	$ 30	$ 28
Long-Term	309	330
Unpaid Principal Balance	348	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	5	8
Unpaid Principal Balance	10	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, shares in Millions, $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Apr. 30, 2024 CNY (¥)	Sep. 30, 2024 USD ($) shares	Sep. 30, 2024 USD ($)	Oct. 23, 2024 USD ($)
Debt Instrument [Line Items]
Issuance of common stock (in shares) \| shares		8.5
China Working Capital Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum commitment amount \| ¥	¥ 20,000
Basis spread on variable rate	1.18%
Senior Notes \| Automotive Asset-backed Notes
Debt Instrument [Line Items]
Debt principal issued		$ 1,570	$ 1,570
Proceeds from the issuance, net of debt issuance costs			$ 1,560
Senior Notes \| Automotive Asset-backed Notes \| Subsequent Event
Debt Instrument [Line Items]
Debt principal issued				$ 783

Equity Incentive Plans - Additi

Equity Incentive Plans - Additional Information (Detail) - Performance Based Restricted Stock Units And Stock Options shares in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($) shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation expense	$ 487
Granted (in shares) \| shares	4.9
Probable of achievement, cost not yet recognized, amount	$ 457
Weighted-average period of recognition of unrecognized compensation, in years	4 years 3 months 18 days

Equity Incentive Plans - Summar

Equity Incentive Plans - Summary of Stock-Based Compensation Expense (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	$ 457	$ 465	$ 1,420	$ 1,328
Cost of revenues
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	184	181	566	554
Research and development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	191	189	572	491
Selling, general and administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	82	95	280	283
Restructuring and other
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Total	$ 0	$ 0	$ 2	$ 0

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
Income Taxes (Details)	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Effective income tax rate	22%	8%	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
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	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 18,111	$ 16,398	$ 15,932	$ 16,253
Accounts receivable, net	3,313	3,508
Prepaid expenses and other current assets	4,888	3,388
Total current assets	56,379	49,616
Other non-current assets	4,989	4,531
Total assets	119,852	106,618
Current liabilities
Accrued liabilities and other	10,601	9,080
Deferred revenue	3,031	2,864
Current portion of debt and finance leases	2,291	2,373
Total current liabilities	30,577	28,748
Deferred revenue, net of current portion	3,350	3,251
Debt and finance leases, net of current portion	5,405	2,857
Total liabilities	49,142	43,009
Variable Interest Entities (VIEs)
Current assets
Cash and cash equivalents	51	66
Accounts receivable, net	28	13
Prepaid expenses and other current assets	263	361
Total current assets	342	440
Other non-current assets	190	369
Total assets	3,507	4,087
Current liabilities
Accrued liabilities and other	36	67
Deferred revenue	7	6
Current portion of debt and finance leases	1,930	1,564
Total current liabilities	1,973	1,637
Deferred revenue, net of current portion	81	99
Debt and finance leases, net of current portion	1,826	2,041
Total liabilities	3,880	3,777
Variable Interest Entities (VIEs) \| Operating Lease Vehicles
Current assets
Solar energy systems, net	451	0
Variable Interest Entities (VIEs) \| Solar energy systems, net
Current assets
Solar energy systems, net	$ 2,524	$ 3,278

Segment Reporting and Informa_3

Segment Reporting and Information about Geographic Areas - Additional Information (Detail)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Revenue Reconciling Item [Line Items]
Revenues	$ 25,182	$ 23,350	$ 71,983	$ 71,606
Gross profit	4,997	4,178	13,271	13,222
Automotive segment
Segment Reporting Revenue Reconciling Item [Line Items]
Revenues	22,806	21,791	64,958	67,009
Gross profit	4,272	3,797	11,403	12,395
Energy generation and storage segment
Segment Reporting Revenue Reconciling Item [Line Items]
Revenues	2,376	1,559	7,025	4,597
Gross profit	$ 725	$ 381	$ 1,868	$ 827

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 25,182	$ 23,350	$ 71,983	$ 71,606
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	12,584	10,893	35,602	33,472
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	5,665	5,020	14,893	15,642
Other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 6,933	$ 7,437	$ 21,488	$ 22,492

Segment Reporting and Informa_6

Segment Reporting and Information about Geographic Areas - Schedule of Long-Lived Assets by Geographic Area (Detail) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	$ 41,156	$ 34,954
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	32,367	26,629
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	4,447	4,258
Other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	$ 4,342	$ 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	Sep. 30, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Inventory	$ 14,530	$ 13,626
Automotive
Segment Reporting Information [Line Items]
Inventory	12,266	11,139
Energy generation and storage segment
Segment Reporting Information [Line Items]
Inventory	$ 2,264	$ 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