TESLA INC (TSLA)

Tesla Inc. sells high-performance electric vehicles (EVs) and energy systems that generate and store power. Tesla sells directly to customers and they’re expanding their presence in showrooms, service centers, mobile support, repair shops, charging stations, and other facilities to help more people adopt their products.

Tesla’s focus is on making their vehicles fast, stylish, and safe, while also working on self-driving technology to make them even safer. They also want to lower the cost of owning their products by reducing manufacturing costs and offering financial services that fit their customers’ needs.

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Financial Snapshot

Income Statement (*values displayed in millions)

How do they make money?

• Vehicle Sales: The largest portion of Tesla’s revenue comes from selling electric vehicles (EVs). Tesla offers a range of models, including the Model S, Model 3, Model X, and Model Y. As demand for electric vehicles grows, vehicles sales are the primary driver of revenue.

• Energy Generation and Storage: Tesla sells solar energy products (solar panels, solar roofs) and energy storage solutions (Powerwall, Powerpack). These products help consumers generate and store renewable energy for homes and businesses.

• Regulatory Credits: Tesla sells regulatory credits to other automakers. These credits are given to companies that produce electric vehicles or meet specific environmental regulations. Tesla has been able to generate revenue by selling these credits to automakers who need them to comply with emission standards.

• Services and Other Resources: Tesla also generates money from providing services such as maintenance, repairs, and software updates for its vehicles. In addition, Tesla offers financial products like leasing and financing for vehicle buyers, adding to its income.

Tesla Good Time to Buy?

At the time of writing, TSLA is down 48% since its December 2024 52 Week High of 488.54/share. Add to your watchlist and watch this stock slowly creep back up to its previous high and be upset with yourself later for not scooping up some shares.

FYI

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