Tesla's Total Assets for the quarter that ended in Mar. 2024 was $109,226 Mil.
During the past 12 months, Tesla's average Total Assets Growth Rate was 27.80% per year.
During the past 3 years, the average Total Assets Growth Rate was 33.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 25.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 40.30% per year.
During the past 13 years, Tesla's highest 3-Year average Total Assets Growth Rate was 153.30%. The lowest was 9.00%. And the median was 81.30%.
Total Assets is connected with ROA %. Tesla's annualizedROA % for the quarter that ended in Mar. 2024 was 4.18%. Total Assets is also linked to Revenue through Asset Turnover. Tesla's Asset Turnover for the quarter that ended in Mar. 2024 was 0.20.
Tesla Total Assets Historical Data
The historical data trend for Tesla's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Tesla's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Tesla's Asset Turnover for the quarter that ended in Mar. 2024 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Tesla Total Assets Related Terms
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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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