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Tesla Motors (TSLA) is changing the way we utilize energy. From battery powered cars
to gigafactories, super trains and now its newest invention, the power wall home battery, TSLA
has proven to be the car and energy company of the Age of Aquarius. I was first introduced to
TSLA June 1, 2013 when the stock was trading at $99. After just releasing its third quarter (Q3)
earnings report on 3 November 2015, it is now trading at $225.23 per share. (Yahoo Finance,
Current Assets
Current Liabilities
$3,198,657,000 = 1.52
$2,107,166,000
What this essentially means is, for every $1 that TSLA has in liabilities, it has $1.52 in current
assets. Figure 1 shows the 2014 balance sheet from the annual report.
FIGURE 1. TSLA Current Ration
Below is a direct competitor comparison for TSLA. After viewing this, I was able to see
TSLAs stance amongst its competitors and industry average. With this information I decided to
compare the liquidity of two of TSLAs closest public competitors, General Motors (GM) and
Ford (F). (Yahoo Finance, 2015) Table 2 display GM liquidity information. Figure 2 presents
GMs balance sheet from its 2014 annual report. Table 3 show F liquidity information. Figure 3
illustrate Fs balance sheet from its 2014 annual report.
Current Assets
Current Liabilities
$83,670 = 1.27
$65,701
Current Assets
Current Liabilities
$40,442 = 1.01
$40,108
With this information I was able to determine that TSLA is doing just as good, or if not,
better than its mature competitors.
debt ratio for TSLA. The total debt ratio discloses that for every $1 that TSLA has in assets, it
has $.84 in debt. (Tesla, 2015).
4,879,345 = .83
5,849,251
(294,040) = -.09
3,198,356
(294,040) = -.05
5,849,251
(294,040) = -.32%
911,710
References
Ford Motor Company. (2015). Financial Reports and Filings. Retrieved from
http://corporate.ford.com/investors/reports-and-filings/annual-reports.html#/undefined
General Motors Company. (2015). GM 2014 Form 10K filings. Retrieved from
http://www.gm.com/company/investors/sec-filings.html
History.com Staff. (2015). Nikola Tesla. Retrieved from
http://www.history.com/topics/inventions/nikola-tesla
Ingram, Anthony. (2013). Consumer Reports Says Tesla Model S Customer Satisfaction Highest.
Retrieved from
http://www.greencarreports.com/news/1088672_consumer-reports-says
tesla-model-s-customer-satisfaction-highest
Kimmel, P. D., Weygandt, J. J., & Kieso, D .E. (2013). Financial accounting: Tools for
businessdecision making (7th ed.). Danvers, MA: John Wiley & Sons, Inc.
Quast, Jon. (2013). What California's $34 Million Subsidy Means for Tesla's Future. Retrieved from
http://www.fool.com/investing/general/2013/12/23/what-californias-34-million-subsidy
means-for-tesl.aspx
Tesla Motors, Inc. (2015). Retrieved from
http://ir.teslamotors.com/secfiling.cfm?filingID=1564590
15-1031&CIK=1318605
Winton, Neil. (2015). Tesla Should Turn Off Subsidies, Wall Street Journal Europe Says. Retrieved