Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Analyzing and Interpreting Income Disclosures Sales information for Tesla inc, follows. Automotive sales revenue includes revenues related to sale of new Model S, Model X

image text in transcribed
image text in transcribed
Analyzing and Interpreting Income Disclosures Sales information for Tesla inc, follows. 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 reverue includes the amortization of revenue for Model 5 and Model Xvehicles 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 systerns 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 commerciai 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.) 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

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

The ASQ Auditing Handbook

Authors: J. P. Russell

3rd Edition

0873896661, 978-0873896665

More Books

Students also viewed these Accounting questions