Question
Below, you can find excerpts from the FY '13 annual report filed by Tesla Motors, Inc. During the year ended December 31, 2013, we recognized
Below, you can find excerpts from the FY '13 annual report filed by Tesla Motors, Inc.
"During the year ended December 31, 2013, we recognized total revenues of $2.01 billion, an increase of $1.60 billion over total revenues of $413.3 million for the year ended December 31, 2012, primarily driven by the ramp up in Model S deliveries which commenced in North America in June 2012 and the launch of European Model S deliveries which commenced in August 2013, regulatory credit sales and powertrain component sales to Toyota Motor Corporation (Toyota) for the Toyota RAV4 EV; partially offset by a decrease in development services activity related to the Daimler AG (Daimler) Mercedes-Benz B-Class EV program. [...] Gross margin for the year ended December 31, 2013 was 22.7%, a significant increase from 7.3% for the year ended December 31, 2012. [...]
Research and development (R&D) expenses for the year ended December 31, 2013 were $232.0 million, a decrease from $274.0 million for the year ended December 31, 2012." Other selling, general and administrative were as follows (in thousands):
Other selling, general and administrative costs for FY 2013= $285,569
Other selling, general and administrative costsfor FY 2012 = $150,372
Reconstruct the Income Statement of Tesla for year 2013 and 2012 (up to the Operating Income level. Classify R&D expenses as SG&A expenses. Values can be reported in thousands $)
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