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Pretend I am a friend who wants to know something about the financials of Tesla as I might invest in them. Using the financial intelligence you may have already learned, tell your friend 4 important items about the financials that will help her/him.

In this thread, list 4 items (each is worth 4 points) that help you either in your assessment of the the financial health of TESLA and/or just something that stands out to you as an "intelligent" reader of the financial statements of TESLA. Please try and use at least the balance sheet and statement of operations but you can also you cash flow if you want.

- you must include figures ($) in your answers (when you explain why it is important identify the amounts that are associated with the item).

- you must very specific about your 4 items - don't just say the financials are balanced or that the assets are more than liabilities. SPECIFIC line items/accounts

- You are allowed to do calculations if you see an opportunity to point something out.

- this should be a minimum of 200 words.

4 important items about the financials that will help someone before investing

Tesla, Inc. Consolidated Balance Sheets (in thousands, except per share data) December 31, 2018 December 31, 2017 Aneta 3,367,914 155,323 515,381 2,263,537 268.365 6,570,520 4,116,604 6,347.490 10,027,522 361,502 60,237 456,652 441,722 273,123 28,655,372 Carretots Cash and cash equivalents 3,685,618 Restricted cash 192,551 Accounts receivablo, net 949,022 Inventory 3,113,446 Prepaid expenses and other current assets 365,671 Total current assets 8,306,308 Operating lense vehicles, net 2,089,758 Solar energy systems, leased and to be leased, net 6,271,396 Property, plant and equipment, net 11,330,077 Intangible assets, net 282,492 Goodwill 68,159 MyPower customer nofos receivable, not of current portion 421,548 Restrleted cash,net of current portion 398,219 Others 571,657 Total assets 29,739,614 Llabilities Current liabilities Accounts payable 3,404,451 Accrued liabilities and other 2,094,253 Deferred revenue 630,292 Resale value guarantees 502,840 Customer deposits 792,601 Current portion of long-term debt and capital leases 2,567,699 Current portion of promissory notes issued to related parties Total current liabilities 9,992,136 Long-tera debt and capital lenses, net of current portion 9,403,672 Doferred rovence, act of current portion 990,873 Resale value guarantees, net of current portion 328,926 Other long-term liabilities 2,710,403 Total liablitties 23,426,010 Commitments and contingencies (Note 17) Redcomablo no controlling interests in subsidiaries 555,964 Convertible senior notes (Note 13) Equity Stockholders' equity Preferred stock $0.001 par value; 100,000 shares authorized: Common stock; $0.001 par vahae; 2,000,000 shares authorized; 172,603 and 168,791 shares issued and outstanding us of December 31, 2018 und 2017, respectively 173 Additional paid-in capital 10,249,120 Accumulated other comprehensive (loss) income (8,218) Accumulated deficit (5.317,832) Total stockholders' equity 4,923,243 Noncontrolling interest in subsidiarie 834,397 Total Habilities and equity 29,739,614 The accompanying notes are an integral part of these consolidated financial statements. 2,390,250 1,731,366 1,015,253 787,333 853,919 796,549 100.000 7,674,670 9,418,319 1,177,799 2,309,222 2,442,970 23,022.980 397,734 70 169 9,178,024 33,348 (4.974 299) 4 237 242 997346 28,655,372 72 Tesla, Inc. Consolidated Statements of Operations (In thousands, except per share data) Year Ended December 31, 2017 2018 2016 $ 17,631,522 $ 883,461 18,514,983 1,555,244 1,391,041 21.461 268 8,534,752 1,106,548 9,641,300 1,116,266 1,001,185 [11,758,751 5,589,007 761 759 6,350,766 181,394 467,972 7,000,132 Revenues Automotive sales Automotive leasing Total automotive revenues Energy generation and storage Services and other Total revenues Cost of revenues Automotive sales Automotive leasing Total automotive cost of revenues Energy generation and storage Services and other ooves Total cost of revenues Gross profit Operating expenses Research and development Selling, general and administrative Restructuring and other Total operating expenses Los from operations Interest income Interest expense Other income (expense),net Loss before Income taxes Provision for income taxes 6,724.480 708,224 ASYN OG 874,538 1229,022 9,536 267 2.222 487 4,268,087 481994 4,750,081 178,332 472.462 5400,875 1,599.252 13,685,572 488.425 14,173,997 1,364,896 1.880,354 17,419,247 4,042,021 1460,370 2,834491 135,233 4,430,094 388,073) 24,533 (663,071) 21,866 (1,004,745) 57,837 (1.062.582) 1,378,073 2,476,500 834,408 1,432,189 3,854,573 (1,632,086) 19,686 (471,259) (125,373) (2,209,032) 31 546 2.240.528) 2,266 597 (667,340) 8,530 (198,810) 111,272 (746,348) 26,698 (773,046 slow Natlon (86,491) (976,091) (279,178) (1.961400) (98,132) (674,914 Net loss attributable to noncontrolling interests and redeemablo noncontrolling interests in subsidiaries Net loss attributable to common stockholders Net loss per share of common stock attributablo to common stockholders Basio Diluted Weighted average share used in computing not los per share of common stock Basle Diluted (5.72) (5.72) (11.89 $ (1183) (4.68) (468) 170,525 170,525 165 258 165,758 144,212 144212 The accompanying notes ato an integral part of theso consolidated financial statements, Tesla, Inc. Consolidated Statements of Comprehensive Less (In thousands) Year Minded December 31 2018 2017 (976,091) $ (1,961,400) $ 2015 (674,914) Net loss attributable to common stockholders Unrealized galas (ossos) on derivatives: Change in net unrealized gain Less: Reclassification adjustment for net gains into not loss Net unrealized loss on derivatives Foreign currency translation adjustment Other comprehensive (loss) income Comprehensive loss (41,566) (41,566) (1,017,657) (5570) (5,570) 62,658 57,088 1,904,312) $ 43,220 (44,904) (1,684) (18.500) (20,184) (695,098) The accompanying notes are an integral part of these consolidated financial statements. $ 1,983,704 38,501 (15.056) - 11 IIIII 2,145,988 347357 0460) 750344 100331 (10,561) (730,253) (2013) NSiswa Tesla, Inc. Consolidated Statements of Redeemable Noncontrolling Interests and Equity (in thousands, except per share data) Asai Cook And Compute Am Balestreber 31, 2018 131 1409,53 10.372,933) Reducidation for equity heelty for 1.505 0,556) 3 1,043,7043 Conville Bolo Metes del 2011 38,501 38,501 Revises of convenio future oferetbe alors (15,056) (15,056) Comete socket withheld for employee te 11,09 11 161Y 161,128 ce forma toek le May 2016 pabilleder og et 3215.00 1 , tar. 7,915 . free femmes stokpen scquution of Selected 1,517,139 1,487,147 med wurde 11,125 2,145911 2,105,918 Stockholm 347,357 347,257 Amploppedells 03460) 0460) Atrampla sorolling interests through requisition 315.943 750,874 Contributions collegiatehoh qolition 100,996 100,531 birtlkurtas loaninlins laterats ithan 07.137) (10,561) Netloss (42,763) (674,914) (55,369) Other compreses 20,184) 20,164) Balesefresher 31, 2016 161 7121727 2,197,231 4,72,911 785,175. Adjustment of papeladenstondeption of Accounting Baded Update 2016-49 15.662 (15.463) Conversion future of Cervertible Senderues de la 2022 14543 145619 Pubic hadde (204,102) 204,102) 52,819 Relation frequity te equity for 1.50% Convertible Sealer Notes de in 2018 4,714 Buenova fonofeevodillerat IAS 230,150 230,153 Cannon kond, et of share wided for player 4257 4 299,11 Desence of common stock in March 2017 pable offering $262.00 1,536 399,645 399,841 35 Store based operation 10,328 10,328 Cretributions from nometreliling into 597,211 Dubbutes to controlling latest (101,703) (163,626) Huy sofregatta 0.921) (409) Nations 01,102) (1,961400) 0361405) (221876) Othercopitheve 57411 Mascarecember 31,1019 32.734 16197 169 2,128,014 997,146 Alustants for prepled from ABC 806 8,101 623,171 09196) Australopied from an Accounting and 9386 Reclutalon feeqaley to equity for 1.36% Convertible Sealer Mote dusta 2010 70 70 Bel of conveniente al convertible selor nele (40) (40) Cotton, mut etehara withleia mir employaltamil 3,561 295,721 775,554 775,554 Obrations de nos controlling internete 27536 161391 Distributions to morelling intereste (51,397) 209.994) They also glemte 02.128) 007) (207) (1201) 76,091) 1,991) One compihevone 25,270) 41,416) Here aber 31,1018 395944 19/41 3.10240120 1212 UD LUM 124.122 The companying notes are an integral part of these consolidated financial statements 145,413 (104,102) 52,305 4,714 236,153 111111110111111 IIIIIIII IIIII11 11 1914 - 19,528 485,22 592 (16/16) (409) 2,112,436) 97811 521411 51408 9386 1 205,310 70 (40) 195,721 775.354 161,300 049,994) 007) 1201361) (11.565) 5121449 M Tesla, Inc. Consolidated Statements of Cash Flows (in thousands) 2016 (173,946) 947,099 334,225 $4,890 65,520 34,633 (29,163) 48,727) (15,179) 05.453 2.16.365) (632.867) (1,432,436) SOS (8253) 750,640 383,963 388,361 326,934 (21,139) 12002) 16,467 (159.409) 342,219 Year Ended December 31, 2018 2017 Cashless from the Ativit Net less (1,462,512) 5 Adjustment to recente los temas provided by used in operating site 0,240,598) 3 Depreciation, nation and implement 1.901,050 1,436,000 Stock-based competen 749,024 466,760 Amortisation et de discounts and recente 158,730 91,037 Lavestery welte.dowa 85,223 111,665 Lounas disposal of fixed te 181,361 165,720 Forni maydon (glas) Bosses 0,511) 32,149 Louis) relulod Sollty equilla 57,146 Nase in and other penting activities 41,507 135,237 Changes in perutilegatets dabilities, actofelfed of business combination Accounts receivable (495,732) 1 04635) Lavatory 01.023,264) (178,850) Openting level 0.14,747) (1,522,373) Trepald expenses and other users (82,125) (12.084) Other uses ad My Power customer semelvable (2010) Acces payable and cred Slabilities 1,722,950 388,206 Deferred 406,661 458.902 Customer deposits 3665) 170,127 Xesdevalt (110,564) 201,318 Other long term bilities 159066 41,199 Netsh provided by cured in) aprileg tilvities (69.494) Curb Yew from loting Activities Punches of propaty nad polyrat excluding capital, nefer 0,160,724) 041414) Matures of short-termarketable writies Purchase of our systems, and and to be used 1,7) (666,540) Thursinar amilnadhaar, at ttaai engulred (17912) (114520) Net bed islavuting with 2337420) Cash Flows from landing Active Proceeds from a commento de la poblle offering 400,175 Proceeds from the convertible med other det 6,176,193 7,138,955 Repayments of convertible and other debt 5.247,097) 0.995414) Repayments of being lessed to related parties (100,000) (165910) Collateledessert) borowie 559,107) 511331 Proceeds from west fetock option and other stock 295,722 259,116 Placlyal payments on capital est (180,105) (103,304) Coertestock and delicals (14,973) (63,111) Paches of convertible note badges (204,162) Treneeds from seat of convertible sota ledge 287,213 Proceeds from inte of Payment fortemetsetamate (11) (230,345) Proceeds from investuota y nos controlling interest in rubeldiaries 437,114 719,794 Dlatributos paldings in balleries 27,304) 261,344) Puests for buyet nos controlling interests in rubeldiale 15.251) (473) Net cash provided by Sungaivities 573,295 4414364 Beforhanpenger encabead car elles und rech 22,200) 19,726 Netlerine devaldate esh 311,429 198,059 Cachued cub equivalent districted cash, bagloring offered 9964999 3,246 OD Cash and challend du nopied 42763 3,954259 Supplemental No Cu Tonting and Planning Actividad Share in consecih bolest hlutions and and vested winds 10,521 $ Anquisitions of property and equipment included in Hills 249,141 914,108 Hatimated level anderulle M445 $ 313,400 $ Suppliers Diadora Curl paid during the period for interest, act of manat capitalized 380,836 S 182,371 Carla peld during the period for taxes, net of refunde 5 65.95 The accompanying notes are an integral part of these consolidated financial staterneuts. 1,701,734 2,192,964 709,709 163,817 44180) 09042) 30,00 201,527 1,250) 3,743,976 1,234,391 3,166.900 2,145971 $ 5 663,721 107,179 $ 38293 16,385 Tesla, Inc. Consolidated Balance Sheets (in thousands, except per share data) December 31, 2018 December 31, 2017 Aneta 3,367,914 155,323 515,381 2,263,537 268.365 6,570,520 4,116,604 6,347.490 10,027,522 361,502 60,237 456,652 441,722 273,123 28,655,372 Carretots Cash and cash equivalents 3,685,618 Restricted cash 192,551 Accounts receivablo, net 949,022 Inventory 3,113,446 Prepaid expenses and other current assets 365,671 Total current assets 8,306,308 Operating lense vehicles, net 2,089,758 Solar energy systems, leased and to be leased, net 6,271,396 Property, plant and equipment, net 11,330,077 Intangible assets, net 282,492 Goodwill 68,159 MyPower customer nofos receivable, not of current portion 421,548 Restrleted cash,net of current portion 398,219 Others 571,657 Total assets 29,739,614 Llabilities Current liabilities Accounts payable 3,404,451 Accrued liabilities and other 2,094,253 Deferred revenue 630,292 Resale value guarantees 502,840 Customer deposits 792,601 Current portion of long-term debt and capital leases 2,567,699 Current portion of promissory notes issued to related parties Total current liabilities 9,992,136 Long-tera debt and capital lenses, net of current portion 9,403,672 Doferred rovence, act of current portion 990,873 Resale value guarantees, net of current portion 328,926 Other long-term liabilities 2,710,403 Total liablitties 23,426,010 Commitments and contingencies (Note 17) Redcomablo no controlling interests in subsidiaries 555,964 Convertible senior notes (Note 13) Equity Stockholders' equity Preferred stock $0.001 par value; 100,000 shares authorized: Common stock; $0.001 par vahae; 2,000,000 shares authorized; 172,603 and 168,791 shares issued and outstanding us of December 31, 2018 und 2017, respectively 173 Additional paid-in capital 10,249,120 Accumulated other comprehensive (loss) income (8,218) Accumulated deficit (5.317,832) Total stockholders' equity 4,923,243 Noncontrolling interest in subsidiarie 834,397 Total Habilities and equity 29,739,614 The accompanying notes are an integral part of these consolidated financial statements. 2,390,250 1,731,366 1,015,253 787,333 853,919 796,549 100.000 7,674,670 9,418,319 1,177,799 2,309,222 2,442,970 23,022.980 397,734 70 169 9,178,024 33,348 (4.974 299) 4 237 242 997346 28,655,372 72 Tesla, Inc. Consolidated Statements of Operations (In thousands, except per share data) Year Ended December 31, 2017 2018 2016 $ 17,631,522 $ 883,461 18,514,983 1,555,244 1,391,041 21.461 268 8,534,752 1,106,548 9,641,300 1,116,266 1,001,185 [11,758,751 5,589,007 761 759 6,350,766 181,394 467,972 7,000,132 Revenues Automotive sales Automotive leasing Total automotive revenues Energy generation and storage Services and other Total revenues Cost of revenues Automotive sales Automotive leasing Total automotive cost of revenues Energy generation and storage Services and other ooves Total cost of revenues Gross profit Operating expenses Research and development Selling, general and administrative Restructuring and other Total operating expenses Los from operations Interest income Interest expense Other income (expense),net Loss before Income taxes Provision for income taxes 6,724.480 708,224 ASYN OG 874,538 1229,022 9,536 267 2.222 487 4,268,087 481994 4,750,081 178,332 472.462 5400,875 1,599.252 13,685,572 488.425 14,173,997 1,364,896 1.880,354 17,419,247 4,042,021 1460,370 2,834491 135,233 4,430,094 388,073) 24,533 (663,071) 21,866 (1,004,745) 57,837 (1.062.582) 1,378,073 2,476,500 834,408 1,432,189 3,854,573 (1,632,086) 19,686 (471,259) (125,373) (2,209,032) 31 546 2.240.528) 2,266 597 (667,340) 8,530 (198,810) 111,272 (746,348) 26,698 (773,046 slow Natlon (86,491) (976,091) (279,178) (1.961400) (98,132) (674,914 Net loss attributable to noncontrolling interests and redeemablo noncontrolling interests in subsidiaries Net loss attributable to common stockholders Net loss per share of common stock attributablo to common stockholders Basio Diluted Weighted average share used in computing not los per share of common stock Basle Diluted (5.72) (5.72) (11.89 $ (1183) (4.68) (468) 170,525 170,525 165 258 165,758 144,212 144212 The accompanying notes ato an integral part of theso consolidated financial statements, Tesla, Inc. Consolidated Statements of Comprehensive Less (In thousands) Year Minded December 31 2018 2017 (976,091) $ (1,961,400) $ 2015 (674,914) Net loss attributable to common stockholders Unrealized galas (ossos) on derivatives: Change in net unrealized gain Less: Reclassification adjustment for net gains into not loss Net unrealized loss on derivatives Foreign currency translation adjustment Other comprehensive (loss) income Comprehensive loss (41,566) (41,566) (1,017,657) (5570) (5,570) 62,658 57,088 1,904,312) $ 43,220 (44,904) (1,684) (18.500) (20,184) (695,098) The accompanying notes are an integral part of these consolidated financial statements. $ 1,983,704 38,501 (15.056) - 11 IIIII 2,145,988 347357 0460) 750344 100331 (10,561) (730,253) (2013) NSiswa Tesla, Inc. Consolidated Statements of Redeemable Noncontrolling Interests and Equity (in thousands, except per share data) Asai Cook And Compute Am Balestreber 31, 2018 131 1409,53 10.372,933) Reducidation for equity heelty for 1.505 0,556) 3 1,043,7043 Conville Bolo Metes del 2011 38,501 38,501 Revises of convenio future oferetbe alors (15,056) (15,056) Comete socket withheld for employee te 11,09 11 161Y 161,128 ce forma toek le May 2016 pabilleder og et 3215.00 1 , tar. 7,915 . free femmes stokpen scquution of Selected 1,517,139 1,487,147 med wurde 11,125 2,145911 2,105,918 Stockholm 347,357 347,257 Amploppedells 03460) 0460) Atrampla sorolling interests through requisition 315.943 750,874 Contributions collegiatehoh qolition 100,996 100,531 birtlkurtas loaninlins laterats ithan 07.137) (10,561) Netloss (42,763) (674,914) (55,369) Other compreses 20,184) 20,164) Balesefresher 31, 2016 161 7121727 2,197,231 4,72,911 785,175. Adjustment of papeladenstondeption of Accounting Baded Update 2016-49 15.662 (15.463) Conversion future of Cervertible Senderues de la 2022 14543 145619 Pubic hadde (204,102) 204,102) 52,819 Relation frequity te equity for 1.50% Convertible Sealer Notes de in 2018 4,714 Buenova fonofeevodillerat IAS 230,150 230,153 Cannon kond, et of share wided for player 4257 4 299,11 Desence of common stock in March 2017 pable offering $262.00 1,536 399,645 399,841 35 Store based operation 10,328 10,328 Cretributions from nometreliling into 597,211 Dubbutes to controlling latest (101,703) (163,626) Huy sofregatta 0.921) (409) Nations 01,102) (1,961400) 0361405) (221876) Othercopitheve 57411 Mascarecember 31,1019 32.734 16197 169 2,128,014 997,146 Alustants for prepled from ABC 806 8,101 623,171 09196) Australopied from an Accounting and 9386 Reclutalon feeqaley to equity for 1.36% Convertible Sealer Mote dusta 2010 70 70 Bel of conveniente al convertible selor nele (40) (40) Cotton, mut etehara withleia mir employaltamil 3,561 295,721 775,554 775,554 Obrations de nos controlling internete 27536 161391 Distributions to morelling intereste (51,397) 209.994) They also glemte 02.128) 007) (207) (1201) 76,091) 1,991) One compihevone 25,270) 41,416) Here aber 31,1018 395944 19/41 3.10240120 1212 UD LUM 124.122 The companying notes are an integral part of these consolidated financial statements 145,413 (104,102) 52,305 4,714 236,153 111111110111111 IIIIIIII IIIII11 11 1914 - 19,528 485,22 592 (16/16) (409) 2,112,436) 97811 521411 51408 9386 1 205,310 70 (40) 195,721 775.354 161,300 049,994) 007) 1201361) (11.565) 5121449 M Tesla, Inc. Consolidated Statements of Cash Flows (in thousands) 2016 (173,946) 947,099 334,225 $4,890 65,520 34,633 (29,163) 48,727) (15,179) 05.453 2.16.365) (632.867) (1,432,436) SOS (8253) 750,640 383,963 388,361 326,934 (21,139) 12002) 16,467 (159.409) 342,219 Year Ended December 31, 2018 2017 Cashless from the Ativit Net less (1,462,512) 5 Adjustment to recente los temas provided by used in operating site 0,240,598) 3 Depreciation, nation and implement 1.901,050 1,436,000 Stock-based competen 749,024 466,760 Amortisation et de discounts and recente 158,730 91,037 Lavestery welte.dowa 85,223 111,665 Lounas disposal of fixed te 181,361 165,720 Forni maydon (glas) Bosses 0,511) 32,149 Louis) relulod Sollty equilla 57,146 Nase in and other penting activities 41,507 135,237 Changes in perutilegatets dabilities, actofelfed of business combination Accounts receivable (495,732) 1 04635) Lavatory 01.023,264) (178,850) Openting level 0.14,747) (1,522,373) Trepald expenses and other users (82,125) (12.084) Other uses ad My Power customer semelvable (2010) Acces payable and cred Slabilities 1,722,950 388,206 Deferred 406,661 458.902 Customer deposits 3665) 170,127 Xesdevalt (110,564) 201,318 Other long term bilities 159066 41,199 Netsh provided by cured in) aprileg tilvities (69.494) Curb Yew from loting Activities Punches of propaty nad polyrat excluding capital, nefer 0,160,724) 041414) Matures of short-termarketable writies Purchase of our systems, and and to be used 1,7) (666,540) Thursinar amilnadhaar, at ttaai engulred (17912) (114520) Net bed islavuting with 2337420) Cash Flows from landing Active Proceeds from a commento de la poblle offering 400,175 Proceeds from the convertible med other det 6,176,193 7,138,955 Repayments of convertible and other debt 5.247,097) 0.995414) Repayments of being lessed to related parties (100,000) (165910) Collateledessert) borowie 559,107) 511331 Proceeds from west fetock option and other stock 295,722 259,116 Placlyal payments on capital est (180,105) (103,304) Coertestock and delicals (14,973) (63,111) Paches of convertible note badges (204,162) Treneeds from seat of convertible sota ledge 287,213 Proceeds from inte of Payment fortemetsetamate (11) (230,345) Proceeds from investuota y nos controlling interest in rubeldiaries 437,114 719,794 Dlatributos paldings in balleries 27,304) 261,344) Puests for buyet nos controlling interests in rubeldiale 15.251) (473) Net cash provided by Sungaivities 573,295 4414364 Beforhanpenger encabead car elles und rech 22,200) 19,726 Netlerine devaldate esh 311,429 198,059 Cachued cub equivalent districted cash, bagloring offered 9964999 3,246 OD Cash and challend du nopied 42763 3,954259 Supplemental No Cu Tonting and Planning Actividad Share in consecih bolest hlutions and and vested winds 10,521 $ Anquisitions of property and equipment included in Hills 249,141 914,108 Hatimated level anderulle M445 $ 313,400 $ Suppliers Diadora Curl paid during the period for interest, act of manat capitalized 380,836 S 182,371 Carla peld during the period for taxes, net of refunde 5 65.95 The accompanying notes are an integral part of these consolidated financial staterneuts. 1,701,734 2,192,964 709,709 163,817 44180) 09042) 30,00 201,527 1,250) 3,743,976 1,234,391 3,166.900 2,145971 $ 5 663,721 107,179 $ 38293 16,385

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