Tesla Financial Statement Review

Instructions

In this portion of your report you will research the annual report of your chosen company and begin to formulate an opinion of the current overall financial health of the company and its health in the recent past. You will use the skills and content you mastered in your Adaptive Coach this week, as well as the information from your companys annual reports to analyze the companys current and recent financial condition and complete the content within this section.Need Help Now? Struggling? Click the tutoring button below to get immediate help with content related questions or issues.Download the Week 2 Guidance for additional help.Include the following content in this section.Using the financial reports of your chosen company, evaluate the financial performance of your company by creating a complete financial statement review. Review all three accounting statements and compare each of these statements to statements for the previous three years.Describe any positive or negative trends that emerge from the accounting statement data and comparisons, providing a detailed explanation of the factors that lead to these trends.Assess potential weaknesses in the financial statements for your company.Reference 1https://ir.tesla.com/financial-information/quarterly-resultsReference 2https://www.nasdaq.com/market-activity/stocks/tsla/financialsReference 3 & 4 Attached

Answer

Tesla Financial Statement ReviewFor the year ended 31st December 2019, Tesla Inc made sales amounting to $24,578,000 . This is the highest revenue the company has made since its incorporation in 2003 (Stringham et al., 2015). Further, it is a good trend as the company has seen an annual increment in revenues over the last years with the previous annual previous for 2018, 2017 and 216 being $21,461,000, $11,759,000 and $7,000,132 respectively. However, revenues are not a good measure of profits but rather an indication of how much the company is performing in the market. Therefore, it is important to analyses company profits (Carlson, 2013). Against, the company made the highest gross profits at $4,069,000 with the previous annual profits being $1,599,257, $2,223,000 and $4,042,000 from the...
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