Tesla-time! By now you will know how the values (Revenue, [net] Profit, Equity and [total] Assets) will be extracted from the annual reports. One detail probably: it was rather hard to see how the shareholder’s equity was calculated. Like with Ford there was a separate amount for non-controlling interest, but here there was even another one. In the end I decided to take the difference between total assets and total liabilities as equity, instead of checking all the odd values. It doesn’t make a real difference anyway.
Then we have another issue: the acquisition of Solar City at the end of 2016. The influence is not really large and the other automotive companies have e.g. their financial services included, so actually none of the numbers in the graph are purely related to the manufacturing of cars. In the end the values we took the numbers as presented from the annual reports for all the companies (with some checks performed).
In this break I would have liked to put in a colourful picture of a Tesla, but it seems colourful Teslas are hard to find. Yet the picture is nice after all.
(Photo by Taneli Lahtinen at Unsplash)
After increasing the number of companies, it was clear that Tesla should be even to the left of Mitsubishi Motors. Previously I called the latter a “dwarf” but how to classify Tesla, especially in 2012? A microbe? A germ cell? Perhaps a germ cell as it grew rapidly afterwards and from 2015 onwards it was more like Mitsubishi Motors (financially, that is). I really had to manipulate the graph (zoom, rotate, translate) for some time to be able to see the 2012 “building” for Tesla. The size of the year-label is an indication of how small the building actually is! For readers who haven’t seen the full graph yet, the screenshots are clickable (double-click)
As already said Tesla grew rapidly and moving to the rear of the graph we can see 2015, 2016 and 2017. Interesting is that the red roof – indicating a loss – is much smaller for 2016 than it was for 2015.
The revenue goes up from year to year as the taller buildings in more recent years clearly show. Normally, the total height of the building is the revenue, and the yellow part represents the total costs, leaving the net profit which is represented by the green roof.
If the costs are higher than the revenue, the height of the building represents the costs. The yellow part is the revenue and the red area is the amount of money to be added to the revenue to cover the costs. In other words: a loss. If no new shares are issued, the equity will suffer from the loss and the building will be narrower than previous ones. Because Tesla was able to attract money from the market, the equity didn’t suffer in 2016. In 2017 however, the equity went down again. Now the waiting is for a green roof!
(Photo by Free-Photos on Pixabay)
If we zoom in even more, we can see Tesla is more like Mitsubishi Motors in the more recent years.
On double-clicking, the 3D-graph will appear in your web-browser. There are several options to move graph: clicking the right mouse-button, moving the mouse up and down will zoom the graph in and out. Clicking left and moving the mouse at the same time will tilt the graph in different directions (or move the observer’s viewpoint around a fixed graph – it’s relative of course). Double clicking in the graph translates it and moves the centre at the same time. As a result the way the graph tilts will change. Just try it. If you don’t know how to get the normal position back, just refresh the graph.
For more information, please have a look at our other posts, our website or our youtube-channel. Again, the free 3D-graph generator package (zip) can be downloaded, unpacked in a folder and the .jar file can be started immediately. Our email-address is firstname.lastname@example.org
(Photo by Michelles_Photography on Pixabay)