Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Analyzing and Interpreting Income Disclosures Sales information for Tesla Inc. follows. Year Ended December 31 ($ thousands) 2018 2017 2016 Automotive sales $26,447,283 $14,509,078 $6,147,908

image text in transcribed

Analyzing and Interpreting Income Disclosures Sales information for Tesla Inc. follows. Year Ended December 31 ($ thousands) 2018 2017 2016 Automotive sales $26,447,283 $14,509,078 $6,147,908 Automotive leasing 971,807 1,659,822 1,294,990 Total automotive revenues 27,419,090 16,168,900 7,442,898 Services and other 2,364,770 1,101,304 701,958 Total automotive & services and other segment revenue 29,783,860 17,270,204 8,144,856 Energy generation and storage segment revenue 2,332,866 1,897,652 199,533 Total revenues $32,116,726 $19,167,856 $8,344,389 Automotive sales revenue includes revenues related to sale of new Model S, Model X and Model 3 vehicles, including access to our Supercharger network, internet connectivity, Autopilot, full self-driving and over-the-air software updates. Automotive leasing revenue includes the amortization of revenue for Model S and Model X vehicles under direct lease agreements as well as those sold with resale value guarantees accounted for as operating leases under lease accounting. We do not yet offer leasing for Model 3 vehicles. Services and other revenue consists of non-warranty after-sales vehicle services, sales of used vehicles, sales of electric vehicle components and systems to other manufacturers, retail merchandise, and sales by our acquired subsidiaries to third party customers. Energy generation and storage revenues consists of the sale of solar energy systems and energy storage systems to residential, small commercial, and large commercial and utility grade customers. Compute the relative size of sales revenue from the four types of revenue Tesla discloses. (Hint: Scale each type of revenue by total revenue.) Round answers to the nearest whole percentage. 2017 As % of Total Revenue Automotive sales Automotive leasing Services and other Energy generation & storage 2018 82.396 x 3 % 85.396 x 7.3% X 71 96 x 8.7 96 x 5.7 96 x 2016 72% X 15.5 96 x 8.4 96 x 2.4 %6 x 9.9 96 x Compute the growth in sales revenue for both years from each of the four types of revenue. Round answers to the nearest whole percentage. Use a negative sign with answers, when appropriate. % Growth Automotive sales Automotive leasing Services and other Energy generation & storage 2018 82.3% X (45.5) % * 114.7 % x 22.9 % X 2017 13696 28.2 96 x 56.9 % X 851 %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions