Tesla (TSLA) Total Inventories

: $13,626 Mil (As of Dec. 2023)

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Tesla's total inventories for the quarter that ended in Dec. 2023 was $13,626 Mil. Tesla's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $13,674 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tesla's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tesla's Days Inventory for the three months ended in Dec. 2023 was 60.19.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tesla's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.52.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Tesla's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.54.

Tesla Total Inventories Historical Data

The historical data trend for Tesla's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tesla Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

3,552.00

4,101.00

5,757.00

12,839.00

13,626.00

Tesla Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																12,839.00	14,375.00	14,356.00	13,721.00	13,626.00

Tesla Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Tesla (NAS:TSLA) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Tesla's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(29094	+	0.75 * 3508	+	0.5 * 13626	-	43009
-	0	-	975)	/	3185
=	-1.71

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Tesla's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	13673.5	/	20729	*	365 / 4
	=	60.19

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Tesla's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	20729	/	13673.5
	=	1.52

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Tesla's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	13673.5	/	25167
	=	0.54

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Tesla Total Inventories Related Terms

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Tesla (TSLA) Business Description

Industry

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Address

1 Tesla Road, Austin, TX, USA, 78725

Website

https://www.tesla.com

Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light truck, a semi truck, and a sports car. Global deliveries in 2022 were a little over 1.3 million vehicles.

Executives

Vaibhav Taneja	officer: Chief Accounting Officer	3500 DEER CREEK ROAD, PALO ALTO CA 94304
Xiaotong Zhu	officer: SVP, Automotive	1 TESLA ROAD, AUSTIN TX 78725
Andrew D Baglino	officer: SVP Powertrain and Energy Eng.	3500 DEER CREEK ROAD, FREMONT CA 94538
Zachary Kirkhorn	officer: Chief Financial Officer	3500 DEER CREEK ROAD, PALO ALTO CA 94304
Kimbal Musk	director	C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Elon Musk	director, 10 percent owner, officer: CEO	C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Joseph Gebbia	director	C/O AIRBNB, INC., 888 BRANNAN STREET, SAN FRANCISCO CA 94103
Kathleen Wilson-thompson	director	PO BOX 3599, BATTLE CREEK MI 49016-3599
Robyn M Denholm	director	4150 NETWORK CIRCLE, SANTA CLARA CA 95054
Ira Matthew Ehrenpreis	director	100 SHORELINE HWY, SUITE 282, BLDG. B, MILL VALLEY CA 94941
Jerome M Guillen	officer: VP Service and Sales Ops	3500 DEER CREEK RD., PALO ALTO CA 94304
Antonio J. Gracias	director	C/O VALOR EQUITY PARTNERS, 200 SOUTH MICHIGAN AVENUE, SUITE 1020, CHICAGO IL 60604
Hiromichi Mizuno	director	1-2-33-A504, KOMAZAWA, SETAGAYA, TOKYO M0 154-0012
Lawrence Joseph Ellison	director	C/O DELPHI ASSET MGMT CORPORATION, 5525 KIETZKE LANE, SUITE 200, RENO NV 89511
Stephen T Jurvetson	director	2882 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025