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Tesla (LIM:TSLA) Long-Term Capital Lease Obligation

: $2,844 Mil (As of Mar. 2023)
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Tesla's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was $2,844 Mil.

Tesla's quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 ($2,573 Mil) to Dec. 2022 ($2,732 Mil) and increased from Dec. 2022 ($2,732 Mil) to Mar. 2023 ($2,844 Mil).

Tesla's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($2,348 Mil) to Dec. 2021 ($2,662 Mil) and increased from Dec. 2021 ($2,662 Mil) to Dec. 2022 ($2,732 Mil).


Tesla Long-Term Capital Lease Obligation Historical Data

The historical data trend for Tesla's Long-Term Capital Lease Obligation 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.

* Premium members only.

Tesla Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Long-Term Capital Lease Obligation
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,705.00 2,188.00 2,348.00 2,662.00 2,732.00

Tesla Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Long-Term Capital Lease Obligation Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,714.00 2,625.00 2,573.00 2,732.00 2,844.00

Tesla  (LIM:TSLA) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Tesla Long-Term Capital Lease Obligation Related Terms

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Tesla (LIM:TSLA) Business Description

Tesla logo
Industry
Address
13101 Tesla Road, Austin, TX, USA, 78725
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.

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