$1.$ Compare Q$32023$ to Q$32022$ financial results from the income statement and

balance sheet on shareholder deck.

a$.$ Calculate three or four ratios for both time periods.

b$.$ Place your ratios into a small table to be included in the memo.

c$.$ Compare the ratios: Explain what the difference $($or similarity$)$ means. Ie$,$

does not just mean did $$it$$ improve or worsen, it means find what caused

the change. $$ begin by thinking about this part of the question

mathematically $$ if you did a ratio like ROA, it is a fraction with Net income

in the numerator and Total Assets in the denominator. For ROA to

improve which means it increased in $2021$ compared to $2020,$ either the

numerator would have grown proportionately larger, the denominator

declined proportionately lower, or both of those occurred at the same time.

$2.$ Explain why you believe Tesla provides both GAAP and non$-$GAAP results.

a$.$ Use some specific examples to explain some of the differences between

net income and cashflows on the shareholder decks. Note: TTM refers to

trailing twelve months. It represents the sum of the current quarter plus the

three previous quarters.

$3.$ Tesla suffered cumulative losses up until $2020.$

a$.$ How do the years of cumulative losses reconcile with having many

quarters$/$years with positive free cash flows?

$4.$ Finally, consider that our company, Analysis.com, purchased $10,000$ shares of

this stock for $$100/$ share on January $1$ of $2019.$ On August $31,2020$ Tesla stock

increased its shares through a $5-1$ stock split. Then on August $25,2022$ Tesla

stock again increased its shares, this time through a $3-1$ stock split. Use the

current share price $($indicate source and date of retrieval$)$ to calculate our

unrealized gains.

$5.$ Using your $2019-2023$ calculated return, the year over year comparison of

financial ratios, and the quarterly update, turn quantitative information into a five$-$

page maximum review of Tesla$$s performance as a stock investment. Indicate

what the past financials and current outlook indicate about the company... keep

in mind, this assignment is focused on using Tesla financials to interpret the

direction of the company which differs from previous courses that focus your

decisions on leadership, strategy, marketing, organization, etc. Those elements