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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.
108
Year Ended December 31,
2010
2009
2008
Automotive sales
$
97,078
$
111,943
$
14,742
Development services
19,666
—
—
Total revenues
116,744
111,943
14,742
Cost of revenues
Automotive sales
79,982
102,408
15,883
Development services
6,031
—
—
Total cost of revenues
86,013
102,408
15,883
Gross profit (loss)
30,731
9,535
(1,141
)
Operating expenses
Research and development (net of development compensation of $23,249 for the
year ended December 31, 2009) (Note 2)
92,996
19,282
53,714
Selling, general and administrative
84,573
42,150
23,649
Total operating expenses
177,569
61,432
77,363
Loss from operations
(146,838
)
(51,897
)
(78,504
)
Interest income
258
159
529
Interest expense
(992
)
(2,531
)
(3,747
)
Other expense, net
(6,583
)
(1,445
)
(963
)
Loss before income taxes
(154,155
)
(55,714
)
(82,685
)
Provision for income taxes
173
26
97
Net loss
$
(154,328
)
$
(55,740
)
$
(82,782
)
Net loss per share of common stock, basic and diluted
$
(3.04
)
$
(7.94
)
$
(12.46
)
Weighted average shares used in computing net loss per share of common stock,
basic and diluted
50,718,302
7,021,963
6,646,387