BALANCE SHEET READING: Tesla, Inc. or for the residents of the city of San Carlos, California, only #TESLA or for the financial market $TSLA
1/n Balance sheet: I highlight the main accounts in which we will see the notes per twittes.
2/n Income Statement: The scope of reading is limited to the balance sheet.
3/n Cashflow: Operating (+) in 3,7Bi, Investment (-) in 4,9Bi and Financing (-) in 2,5Bi (main impacts are stocks compesation, acc. payable, PPE, Digital Assets and Debts), decrease (-) of 3,0Bi .
4/n Digital Assets – Tesla purchased 1,50bi of bitcoin and it recorded 23M + 50M of impairment losses during the 3 and 6 months. Other side the fair market value of June 30, 2021 was 1,47Bi.
5/n Inventory: Tesla is adopting a posture of inventory formation (Raw Mat.), such impact seen in the movement of cash flow. Tesla write-down inventory for any excess or obsolete during the 3 and 6 months ended June 30, 2021, Tesla recorded write-downs of $35M million and $70M.
6/n Fixed Assets: One of the largest accounts in the balance sheet showed a significant movement of 3.6Bi in acquisitions.BTW, Const in progress is primarily comprised of constr. of Gigafactory Berlin and Gigafactory Texas, expansion of Gigafactory Shanghai and equipment &tooling
7/n Loans: As we checked in the cash flow, the main movement was financing payments and acquisitions.
8/n Accrued Liabilities and Other – The main value is related to Accrued purchases primarily reflects receipts of goods and services that we had not been invoiced yet. As we are invoiced for these goods and services, this balance will reduce and accounts payable will increase.
9/n Other Long-Term Liabilities - the main values are related to operation lease and warranty reserve.
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