Key Performance Metrics

  • The review of Net Profit Margin witnessed a fluctuating trend. The Net Profit Margin moved from –3.51% in 2019 to 15.50% in 2023.
  • The average EBIT Margin for the period under analysis was 9.01%, with 2019 and 2022 performing the worst and best, respectively.
  • In the current year, TESLA was able to cover its interest liabilities 65.08 times – compared to 2019 when it was0.10 times.
  • The Asset turnover stood at 1.02 times in 2023 from 0.77 in 2019, implying a high performance on Assets of the business in relation to revenue.


  • The revenue of TESLA has fluctuated year on year. The revenue increased by 28.31% between 2019 and 2020 and a further 51.35% increase was recorded between 2021 and 2022. There also occurred an increase of 18.80% between 2022 and 2023 (the current period).
  • Tesla’s performance in profitability looks good as the return on capital employed also recorded good performance during the period of analysis.


  • The company’s result in liquidity looks fair, as current ratio increased from 1.53:1 to 1.73:1 on the last year. Which implies that the company has enough assets to settle its current liabilities.

Capital Structure

  • Tesla is both equity and debt financed.
  • The debt-to-equity (D/E) ratio has been increasing year on year. The gearing position of the company appears to be low as it stood at 8% in the current year.

Source: Tesla Annual Report

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