Need Accounting HW completed by 12am tomorrow on Financial Statements.

User Generated

Iva0323

Business Finance

Description

Identify a company listed on the Nasdaq stock exchange. Do NOT select Apple, Microsoft or Alphabet. Enter the name of the company in the search box at the top of internet site Nasdaq.com. After the company information is visible select income statement underneath fundamentals on the left side of the page. Review the data included with the income statement, balance sheet, and cash flow tabs. Explain the information provided by each financial statement and include specific examples. Incorporate your responses to the following questions. Which financial statement or statements would be of most interest to investors, creditors and management of the company? Why?

Write a paper between 1,000 and 1,700 words. Format your paper consistent with APA guidelines.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running head: TESLA, INC.

1

Tesla, Inc.
Name
Institution
Date

TESLA, INC.

2

Introduction

Tesla, Inc. is an American based automobile and energy business organization which has
its headquarters in Palo Alto, California. Tesla Company specializes in the manufacture of
electric cars as well as solar panels. The Company operates different manufacturing as well as
assembly plants such as Gigafactory 1 near Nevada and its major manufacturing facility at
California. Some of the models which Tesla sell include; the Model X, Model S as well as the
Model 3 vehicles, solar roof tiles, solar panels, Powerpack and Powerwall batteries. Tesla, Inc.
was founded back in 2003 July by Marc Tarpenning and Martin Eberhard and it was first named
Tesla Motors. The name Tesla Motors was derived from a by the known Nikosa Tesla. Later on,
the name was shortened to Tesla in 2017 February. For this paper, I will focus on the different
financial statements of the Tesla, Inc.

Income statement

The income statement is among the three main financial statements which report the
financial performance of a given business organization over a given period of time. An income
statement mainly focuses on the company’s revenues as well as expenses during the given period
of time. The main purpose of an income statement is that it reports the income through a given
time period which is usually indicated on the top of the statement (Fazzini, 2018).

Considering the case of Tesla, Inc., the total revenue of the company has been increasing
since 2014 with the highest value being $11,758,751,000 in 2017. Likewise, the gross profit has
also been increasing gradually. For the financial year 2017, the company registered a gross profit
of $2,222,487,000 which was more compared to $1,599,257,000 for the year 2016. From the

TESLA, INC.

3

income statement, it is clear that the company incurred more expenses than its revenue for the
year 2017 an...


Anonymous
Great content here. Definitely a returning customer.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags