Answer the following questions based on the financial information of Tesla (and a bit of Ford and GM)

1. What was profit margin in fiscal 2021, 2020, and 2019?
   1. Why did it change from 2020 to 2021? Why did sales change from 2020 to 2021?
   2. How does Teslas profit margin compare to Ford and GM? Compare using 2021 for each firm

2. Does Tesla have too much debt as of the end of 2021? There are three metrics to report

3. Has Teslas financial performance improved in the first 6 months of 2022? Explain by analyzing all three main financial statements

4. Firm size: Between the three firms (Tesla, GM, Ford), which firm is largest? There are three measures of firm size. For market value, use the value as of 8/26/2022. For sales, use 2022 estimated sales per Yahoo finance. For assets, use 6/30/2022 total assets. Comment on what you find here.

5. What is the market to sales ratio for all three firms as of the end of 2021? As of 8/26/2022? Do these ratios make sense? Explain.

6. What was the stock market percentage return for all three firms, net of the S&P 500, for calendar 2019, 2020, 2021 and 2022 through August 26, 2022? Do these returns make sense, given the accounting performance?

7. For Tesla only, analyze the stock price reaction of the most recent earnings announcements, and discuss if the reaction was justified.

8. For Tesla only, what 2021 journal entry was made for the line on the cash flow statement: Proceeds from issue of convertible and other debt? What was the effect of this entry on total assets, liabilities, equity, revenues, expenses, and net income? Give both direction and amount.

Bonus: For LUCID Motors:

1. What was their profit margin for 2021 and 2020, and for the first 6 months of 2022?
2. What was the percentage change in sales for 2021 vs. 2020, and the first 6 months of 2022 vs. the first 6 months of 2021?
3. What was the stock market percentage return, net of the S&P 500, for calendar, 2020, 2021 and 2022 through August 26, 2022? Would you invest in this firm?