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Table of Contents
Tesla Motors, Inc.
Consolidated Statements of Operations
(in thousands, except share and per share data)
The accompanying notes are an integral part of these consolidated financial statements.
92
Year Ended December 31,
2013
2012
2011
Revenues
Automotive sales
$
1,997,786
$
385,699
$
148,568
Development services
15,710
27,557
55,674
Total revenues
2,013,496
413,256
204,242
Cost of revenues
Automotive sales
1,543,878
371,658
115,482
Development services
13,356
11,531
27,165
Total cost of revenues
1,557,234
383,189
142,647
Gross profit
456,262
30,067
61,595
Operating expenses
Research and development
231,976
273,978
208,981
Selling, general and administrative
285,569
150,372
104,102
Total operating expenses
517,545
424,350
313,083
Loss from operations
(61,283
)
(394,283
)
(251,488
)
Interest income
189
288
255
Interest expense
(32,934
)
(254
)
(43
)
Other income (expense), net
22,602
(1,828
)
(2,646
)
Loss before income taxes
(71,426
)
(396,077
)
(253,922
)
Provision for income taxes
2,588
136
489
Net loss
$
(74,014
)
$
(396,213
)
$
(254,411
)
Net loss per share of common stock, basic and diluted
$
(0.62
)
$
(3.69
)
$
(2.53
)
Weighted average shares used in computing net loss per share of common
stock, basic and diluted
119,421,414
107,349,188
100,388,815