Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Analyze Tesla, Inc., by segment Tesla, Inc. (TSLA) designs, manufactures, sells, and leases electric vehicles worldwide, induding the Model 3 sedan and the Model Y

image text in transcribed
image text in transcribed
Analyze Tesla, Inc., by segment Tesla, Inc. (TSLA) designs, manufactures, sells, and leases electric vehicles worldwide, induding the Model 3 sedan and the Model Y sport utility vehicle (SUV). Tesla also develops and manufactures energy generation and storage products, induding solar panels and batteries. Elon Musk is Tesla's largest shareholder and is its chief executive officer. Elon Musk is also the chief executive officer and chief technical officer of Space Exploration Technologies Corp. (X), or Space X, which develops and manufactures space launch vehicles. Tesla, Inc., is organized into two reportable segments: (1) Automotive and (2) Energy Generation and Storage. Tesia reported the following segment data (in miliions) in a recent annual report. a. Compute the percentage change in revenues for each of the three years from the prior year. Assume thot the year preceding Year 1 had automotive sales of $10,643 and energy generation and storage sales of $1,116. Round to the nearest tenth of a percent. b. Compute the gross profit percentage for each segment for each of the three years. Round to the nearest tenth of a percent. Segment Year 3 Year 2 Year 1 . Compute the percentage change in revenues for each of the three years from the prior year. Assume that the year preceding Year 1 had utomotive sales of $10,643 and energy generation and storage sales of $1,116. Round to the nearest tenth of a percent. b. Compute the gross profit percentage for each segment for each of the three years. Round to the nearest tenth of a percent. c. Based on your answers to (a) and (b), analyze the segment performances. Year 1 was year for both segments where revenues Storage segment fram the prior veac, The in revenues in Year 1 was likely due to the and green energy The percentage chande in revenues demand for electric vehicles and gecen energy the percentage chande in revenuesy in Year 2 but in Year 3 for both segments. The gross ation and storoge segment. The Yeor 3 profit percentagos indicate that the Autemotive segment is profitable than the in the gross proft percentage for Energy Generation and storage was tue to the Covio-19 pandemic, which incuded the wispension of production at its "gigafactory" in New York

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Eco Management The Elmwood Guide To Ecological Auditing And Sustainable Business

Authors: Ernest Callenbach, Fritjof Capra, Lenore Goldman, Rudiger Lutz

1st Edition

1881052273, 978-1881052272

More Books

Students also viewed these Accounting questions

Question

demonstrate the importance of induction training.

Answered: 1 week ago