Pretend I am a friend who wants to know something about the financials of Tesla as I might invest in them. Using the financial intelligence you may have already learned,

tell your friend 4 important items about the financials that will help her/him.

In this thread, list 4 items (each is worth 4 points) that help you either in your assessment of the the financial health of TESLA and/or just something that stands out to you as an "intelligent" reader of the financial statements of TESLA. Please try and use at least the balance sheet and statement of operations but you can also you cash flow if you want.

December 31, 2017 $ 3,367,914 155,323 515,381 2,263,537 268,365 6,570,520 4,116,604 6,347,490 10,027,522 361,502 60,237 456,652 441,722 273,123 28,655, 372 $ Tesla, Inc. Consolidated Balance Sheets (In thousands, except per share data) December 31, 2018 Assets Current Assets Cash and cash equivalents 3,685,618 Restricted cash 192,551 Accounts receivable, net 949,022 Inventory 3,113,446 Prepaid expenses and other current assets 365,671 Total current assets 3,306,308 Operating lonso vehicles, et 2,089,758 Solar energy systems, losed and to be leased, net 6,271,396 Property, plant and equipment, net 11,330,077 Intangible assets, net 282,492 Goodwill 68,159 MyPower customer nolos receivable, not of current portion 421,548 Restricted cash, niet of current portion 398,219 Other amets 571,657 Total assets 29,739,614 Llabilities Current liabilities Accounts payable 3,404,451 Acerned liabilities and other 2,094,253 Deferred revenge 630,292 Resale value guarantees 502,840 Customer deposits 792,601 Current portion of long-term debt and capital leases 2,567,699 Current portion of promissory notes issued to related parties Total current liabilities 9,992,136 Long-term debt and capital fonsos, set of current portion 9,403,672 Deferred revenue, set of current portion 990,873 Rosalo value guarantees, net of current portion 328,926 Other long-term liabilities 2,710,403 Total Na Milties 23.426,010 Commitments and contingencies (Note 17) Redeemablo non controlling interests in subsidiaries 555,964 Convertible senior notes (Note 13) Equity Stockholders' equity Proforred stock; $0.001 par Value; 100,000 shares authorized; Ho share issued and outstanding Common Mock; $0.001 par value: 2,000,000 shares wuthorized; 172,603 and 168,797 shares med and outstandings of December 31, 2018 and 2017, respectively 173 Additional paid-in capital 10,249,120 Accumulated other comprehensive (los) income (8,218) Accumulated deficit (5,317,832) Total stockholders' equity 4,923,243 Noncontrolling interests in wibaldiaries 834,397 Total Habiiltles and equity 29,739,614 The accompanying notes aro an integral part of these consolidated financial statements, 2,390,250 1,731,366 1,015,253 787,333 853,919 796,549 100,000 7,674,670 9.418,319 1,177,799 2,309,222 2,442,970 23,022,980 397,734 70 169 9,178,024 33,348 (4,974,299) 4,237,242 997,346 28,655,112 2017 2016 5,589,007 761,759 6,350,766 181,394 467,972 7,000,132 4,268,087 481 994 4,750,081 178,332 472.462 5.400,875 1,599.252 Tesla, Inc. Consolidated Statements of Operations (In thousands, except per share data) Year Ended December 31 2018 Revenues Automotive sales 17,631,522 $ 8,534,752 $ Automotive leasing 883,461 1,106,548 Total automotivo revenues 18,514,983 9,641,300 Energy generation and storage 1,555,244 1,116,266 Services and other 1391,041 1,001,185 Total revenues 21,461,268 111,758,751 Cost of revenues Automotive sales 13,685,572 6,724.480 Automotive leasing 488.425 708,224 Total automotive cost of revenues 14,173,997 704 Energy generation and storage 1,364,896 874,538 Services and other 1,880,354 1229,022 Total cost of revenues 17,419,247 9536264 Gross profit 4,042021 2,222,487 Operating expenses Research and development 1,460,370 1,378,073 Selling, general and administrative 2,476,500 Rostructuring and other 135,233 Total operating expenses 4,430,094 3,854,573 Loss from operations (388,073) (1,632,086) Interest income 24,533 19,686 Totorest expense (663,071) (471,259) Other income (expense), net 21,866 (125 373) Loss before income taxes (1,004,745) (2,209,032) Provision for income taxes 57,837 31,546 Netlos (1,062 582) 2.240.578) Net loss attributable to non controlling interests and redeemablo noncontrolling interests in subsidiaries (86.491) (279,178) Net loss attributable to common stockholders (976,091 0.961 400) Net loss per share of common stock attributablo to common stockholders Basio (5.72) $ (11.83 Diluted (5.72) (11.83 Weighted average shares used in computing not loss per share of common stock Basic 170,525 165758 Diluted 170,525 165,758 The accompanying notes are an integral part of these consolidated financial statements. 2,834,491 834,408 1,432,189 2,266 597 (667,340) 8,530 (198,810) 111,272 (746,348) 26,698 (173,046.) (98,132) (674,914) (4.68) (4.68 144,212 144,212 Tesla, Inc. Consolidated Statements of Comprehensive Loss (in thousands) 2016 (674,914) Year Ended December 31, 2018 2017 Not loss attributable to common stockholders (976,091) $ (1,961,400) $ Unrealized gains (losses) on derivatives: Change in net unrealized gain Less: Reclassification adjustment for net gains into net loss (5,570) Net unrealized loss on derivatives (5,570) Foreign currency translation adjustment (41,566 62,658 Other comprehensive (loss) income (41 566) 57,088 Comprehensive loss (1,017,657) $ (1.904,312) $ The accompanying notes are an integral part of these consolidated financial statements. 43,220 (44,904) (1,684) (18,500) (20.184) (695,098) Tesla, Inc. Consolidated Statements of Redeemable Noncontrolling Interests and Equity (in thousands, except per share data) Total Egy $ 1,083,704 38,501 (15.056) 163,828 1.687,147 - = IIIIIII III IIIIIIIIII 2,145,988 347,357 0460) 750,574 100,531 (10,561) 0730209) (2013) 5.5155 11111110 111 11 All Other Neneraling C. Reek Acested Comprehe Trats Capital Die Balator December 31, 2015 131,425 $ 131 3 3,409,452 12,322,323) 3 0,556) 5 1,083,704 5 Realsification from memaine equity to equity for 1.50% Cenyatille Sealer Meter die in 2018 38,501 38,501 Exeroes of convenion feature of yetible walorastes (15,056) (15,056) Common stock issued, net of abwes withheld for employee two 11,096 163,317 163,828 Irukce of commentackle Mey 2016 pable offerings 3215.00 per shers, set of inance costs of 314,595 7915 . 1617,139 1,617,447 Issuance of common stock upon requlutlon of Solly end 11,125 2,145911 2,145,918 Stock-buelcome 347,357 347,357 Asimption of apped calls 0.460) Atription of controlling Interests through requisition 315.943 750,574 Contributions from socolleget through qulation 100,995 100,531 Dlates to contents through equation (7,137) (10,561) Netlom (42,763) (674,914) (674,914) (55,109) Other comprehensive se 20.100) (20,184) Tafseer December 31, 2016 161,561 7,773,727 12.997-291 21740) 4,252.911 785,125 Adjustment of propeleda due to adoption of Accounting 15,662 (15.662) Conversion future of Convertible Soler Nuts duelu 2022 145,813 145,613 Purbasofheadh (104,102) 204,103) Sales of 32,883 52,483 Results from me equity to quity for 1.50% Convertible Seler Notardusin 2018 1,214 8,714 Reloofer version feature of convertible valores 1408 230,150 230,153 Camion lock orand, octors withheld foreployce 259,331 of comme la March 2017 profe$262.00 perheef costs of $2,854 1535 399,847 Its from prosequations and renewede 35 10,328 Stade based competition 485,222 485,322 Contributions from controlling interest 192421 597281 Distributions to controlling latest (100,703) (163,626) Buyouts of nestastrolling interests 0.921) (409) Not loss 08,102) (1,961,400) (1.861400) Other companive Income (221,076) 57088 57041 Halica of December 31, 2017 397,234 16891 169 9.17.024 64,974,299 4,217242 997,146 Adjustats for prloreriode from adopting ASC 606 8,101 623,172 623,172 (19.084) Adjustments for prior periods from adopting Accounting Standards Update No. 2011-05 9.386 9,366 Reclassification from equity to equity for 1.50% Convertible Sealer Noten dute 2018 70 70 Hxercises of conversion feature of convertible selor ates 238 (40) Commen stock lesund, net of hare withold for employee asid 3,568 295,719 295,723 Stock band compensation 775,554 775,554 Contributions from nortrolling starte 275,736 161399 Distributions to telling interest 661,397) 209994) Buyoutsenontollag laterats 2.829) (207) (207) Netloss (61.221) 76,091) (976,991) 025,270) Other chesive less (41,546) (41,566 Balces of December 31, 2018 $ $55.964 172601 193 310,249,120 565.17.212) 10211) 4,923,243 834,397 The accompanying notes to an integral part of these consolidated financial statements 145613 104,101) 52,103 III 111 2,714 230,150 2.89.185 10.023 III 399647 10,528 485,222 597,232 (163/636) (409) 3,182476) 37011 324,3 534,058 9,386 1111 (40) 70 (40) 195,723 775,554 161,199 (249,994) (207) (1,001,361) (41566 5,257,640 Tesla, Inc. Consolidated Statements of Cash Flows (in fhousands) 2016 (773,046) 947,099 334,225 94.690 65,520 34,613 29,183) (28,729) (15,199) (216,565) (632.867) (1.832,836) 56,806 (49,353) 750,640 382,962 38.361 326,934 132.051 (123,829) Year Ended December 31, 2018 2017 Cash lose frem Operating Activities Netlose (1,062,582) $ 2,240,598) Adjustments to reconcile net loss to not east provided by (used in) operating activities: Depreciation, mertisation and impaiment Stock-based compensation 1,901,050 1,436,003 749,024 466,760 Amortization of del discounts once costs 158,730 Taventory write-dows 91,037 85,272 131865 Lots on disposals of fixed assets 161,361 105,770 Paralgn a ctlon cyalur) (1,511) $2,109 Lou (la) relied to Selltyqulation 51,746 Non-conterest and other penting activities 48,507 135,237 Changes in penting state and liabilities, net of effect of business combinations: Accounts relable (496,732) Inventory (24,635) (1,023,266) (178,850) Operating less vehicles (214,747) (1,522,373) Prepaid expenses and other creates (82,125) (12,084) Othere and MyPowereusmeretemevable (207409) (15453) Accounts payable and served bildes 1,722,850 338,206 Defend never 406,561 468,902 Customer deposits 96,585) Runde valgte 170,027 Other long-term Ilabilities (110,564) 208,718 159.966 81,139 Net cash provided by Credi) operating activities 2,097,202 (80.534) Curb Yews from Investing Activities Purchase of propaty and equipment excluding capital lenses, art of sales (2.100,724) 0,414,414) Maturities of sheet-tem marketable securities Purchases of solar energy systema, lessed and to beleased (218,792) (666,540) Business combinations, set of cash acquired (17-212) (114,320) Netent used is investing kotlvities 2,337425) (4,195 871) Cash Flows from landing Activities Proceeds from are of common stock in public offerings Proceeds from sunces of convertible ned other det 400,175 6,176,173 7,138,955 Repaymesls of convertible and other debt (5.247,057) (3,995484) Repaymats of borrowings sued to related parties (100,000) (165,000) Collatelined tense (repayments) borrowing (559,167) 511,321 Proceeds from exercises ofte aptions and other stock les 295,722 259,116 Principal payments on capital lenses (180,905) (103,304) Comme sted and delice costs (14,973) Purchases of convertible wote bedges (204.102) Proceeds from set of convertible sota helg 287,213 Proceeds from ind of wants 52.00 Payments for watter of me (11) (210,165) Proceeds from lavestments by sencontrolling interest in subsidiaries 437,134 789,704 Distributions paid to nostrolling Interests in subeldiaries 27,304) (261,844) Payment for buy out of nos controlling interests in subuldules (5.957) (173) Net cash provided by fianetag stivities 57,255 4414864 Bffect of exchange rate changer car and cash qulvalents and restricted cash 22,200 19,726 Net Incre in cash and cash olvalets and restricted cash 311429 198,059 Cushned cash equivalents and restricted cash, beginning of period 3,964,952 3,766,900 Cash and with equivalents and related ch, end of period 4276,383 3,964,959 Supplements Non-CathInvesting and Preding Activities Share rued in consecten with business comhlations and med vested weds $ 10,528 $ Acquisitions of property and equipesent included in liabilities 249,141 $ 914,108 $ stimated file value of follities weder bulld-to-sait lasts 94445 $ 313,483 Supplemental Diderures Cush paid during the period for Interest, net of mounts capitalized 380,836 182,371 Cash paid during the period for taxes, not freunde 35.409 65495 The accompanying notes are an integral part of these consolidated financial statements. (1,210,002) 16,667 (159,669) 342219 (1,091,085) 1,701,734 2,852,964 (1,357,594) 769,709 163,817 (46,429) 020,012) 201,527 21,250) 3,743,976 2,532,509 1,234,391 3.766,900 2,145,977 663,771 307179 $ $ 31495 16,385 $ December 31, 2017 $ 3,367,914 155,323 515,381 2,263,537 268,365 6,570,520 4,116,604 6,347,490 10,027,522 361,502 60,237 456,652 441,722 273,123 28,655, 372 $ Tesla, Inc. Consolidated Balance Sheets (In thousands, except per share data) December 31, 2018 Assets Current Assets Cash and cash equivalents 3,685,618 Restricted cash 192,551 Accounts receivable, net 949,022 Inventory 3,113,446 Prepaid expenses and other current assets 365,671 Total current assets 3,306,308 Operating lonso vehicles, et 2,089,758 Solar energy systems, losed and to be leased, net 6,271,396 Property, plant and equipment, net 11,330,077 Intangible assets, net 282,492 Goodwill 68,159 MyPower customer nolos receivable, not of current portion 421,548 Restricted cash, niet of current portion 398,219 Other amets 571,657 Total assets 29,739,614 Llabilities Current liabilities Accounts payable 3,404,451 Acerned liabilities and other 2,094,253 Deferred revenge 630,292 Resale value guarantees 502,840 Customer deposits 792,601 Current portion of long-term debt and capital leases 2,567,699 Current portion of promissory notes issued to related parties Total current liabilities 9,992,136 Long-term debt and capital fonsos, set of current portion 9,403,672 Deferred revenue, set of current portion 990,873 Rosalo value guarantees, net of current portion 328,926 Other long-term liabilities 2,710,403 Total Na Milties 23.426,010 Commitments and contingencies (Note 17) Redeemablo non controlling interests in subsidiaries 555,964 Convertible senior notes (Note 13) Equity Stockholders' equity Proforred stock; $0.001 par Value; 100,000 shares authorized; Ho share issued and outstanding Common Mock; $0.001 par value: 2,000,000 shares wuthorized; 172,603 and 168,797 shares med and outstandings of December 31, 2018 and 2017, respectively 173 Additional paid-in capital 10,249,120 Accumulated other comprehensive (los) income (8,218) Accumulated deficit (5,317,832) Total stockholders' equity 4,923,243 Noncontrolling interests in wibaldiaries 834,397 Total Habiiltles and equity 29,739,614 The accompanying notes aro an integral part of these consolidated financial statements, 2,390,250 1,731,366 1,015,253 787,333 853,919 796,549 100,000 7,674,670 9.418,319 1,177,799 2,309,222 2,442,970 23,022,980 397,734 70 169 9,178,024 33,348 (4,974,299) 4,237,242 997,346 28,655,112