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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Year
Summary
Compensation
Table Total
for CEO
($)
(1)
Compensation
Actually Paid
to CEO (in
millions)
($)
(2)
Average
Summary
Compensation
Table Total
for Non-CEO
Named
Executive
Officers (in
millions)
($)
(3)
Average
Compensation
Actually Paid
to Non-CEO
Named
Executive
Officers (in
millions)
($)
(4)
Value of Initial Fixed $100
Investment Based on:
Tesla Total
Shareholder
Return
($)
(5)
Peer Group
Total
Shareholder
Return
($)
(6)
Net
Income (in
millions)
($)
(7)
Revenue
(in
millions)
($)
(8)
2023 1,403 8.4 45.8 890.97 209.21 14,974 96,773
2022 (9,703) 0.3 (165.3) 441.68 151.29 12,587 81,462
2021 15,016 0.3 (74.3)(9) 1,263.09 235.13 5,644 53,823
2020 43,019 46.6 393.0 843.44 162.40 862 31,536
(1)
Represents the total compensation reported for Elon Musk (our Chief Executive Officer) for each corresponding year in the “Total” column of the Summary Compensation Table.
(2)
The dollar amounts reported in this column represent the amount of “compensation actually paid” to Mr. Musk, computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Musk during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Musk’s total compensation, as reported in the Summary Compensation Table for each year, to determine the compensation actually paid.
Year
Reported
Summary
Compensation
Table Total for
CEO
($)
Reported
Value of Equity
Awards
($)
(a)
Equity
Award
Adjustments
(in millions)
($)
(b)
Reported
Change in the
Actuarial Present
Value of Pension
Benefits
($)
Pension Benefit
Adjustments
($)
Compensation
Actually Paid
to CEO
(in millions)
($)
2023 1,403 1,403
2022 (9,703) (9,703)
2021 15,016 15,016
2020 43,019 43,019
(a)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
Year
Year End
Fair Value
of Equity
Awards
Granted
and
Unvested in
the Year
($)
Year over Year
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
(in millions)
($)
Fair Value
as of
Vesting
Date of
Equity
Awards
Granted
and Vested
in the
Year ($)
Change in Fair
Value of Equity
Awards Granted
in Prior Years
that Vested in
the Year
(Vesting Date
Compared to the
Value at the End
of the Prior
Year) (in
millions)
($)
Fair Value at
the End
of the Prior
Year of Equity
Awards that
Failed to
Meet Vesting
Conditions
in the Year
($)
Value of
Dividends or
other Earnings
Paid on Stock or
Option Awards
not Otherwise
Reflected in Fair
Value or Total
Compensation
($)
Total
Equity
Award
Adjustments
(in
millions)
($)
2023 1,403 1,403
2022 (4,973) (4,730) (9,703)
2021 13,028 1,988 15,016
2020 36,329 6,690 43,019
(3)
Represents the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding Elon Musk, who has served as our CEO since 2008) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Musk) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2023, Vaibhav Taneja, Andrew Baglino, Tom Zhu and Zachary Kirkhorn; (ii) for 2022, Zachary Kirkhorn and Andrew Baglino; (iii) for 2021, Zachary Kirkhorn, Andrew Baglino and Jerome Guillen; and (iv) for 2020, Zachary Kirkhorn, Andrew Baglino and Jerome Guillen.
(4)
The dollar amounts reported in this column is the average compensation actually paid for our NEOs other than our CEO in each applicable year, computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the NEO’s total compensation, as reported in the Summary Compensation Table for each applicable year, to determine the compensation actually paid.
Year
Average
Reported
Summary
Compensation
Table Total for
Non-CEO NEOs
(in millions)
($)
Average
Reported
Value of Equity
Awards
(in millions)
($)
Average
Equity
Award
Adjustments
(in
millions)
($)
(a)
Average
Reported
Change in the
Actuarial Present
Value of Pension
Benefits
($)
Average
Pension Benefit
Adjustments
($)
Average
Compensation
Actually Paid
to Non-CEO
NEOs
(in millions)
($)
2023 8.4 7.9 45.3 45.8
2022 0.3 (165.6) (165.3)
2021 0.3 (74.6) (74.3)
2020 46.6 46.3 392.7 393.0
(a)
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
Year
Average
Year End
Fair Value
of Equity
Awards
Granted
and
Unvested
in the
Year
($)
Year over Year
Average
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
(in millions)
($)
Average Fair
Value as of
Vesting Date
of Equity
Awards
Granted and
Vested in the
Year
(in millions)
($)
Change in Fair
Value of
Equity Awards
Granted in
Prior Years
that Vested in
the Year
(Vesting Date
Compared to
the Value at
the End of the
Prior Year)
(in millions)
($)
Average Fair
Value at the
End of the
Prior Year of
Equity Awards
that Failed to
Meet Vesting
Conditions in
the Year
(in millions)
($)
Average Value of
Dividends or
other Earnings
Paid on Stock or
Option Awards
not Otherwise
Reflected in Fair
Value or Total
Compensation
($)
Total
Average
Equity
Award
Adjustments
(in
millions)
($)
2023 9.7 12.1 1.8 23.0 (1.3) 45.3
2022 (110.5) (55.1) (165.6)
2021 78.7 (2.9) (150.4) (74.6)
2020 84.2 278.7 0.7 29.1 392.7
(5)
Total shareholder return (“TSR”) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
(6)
Represents the weighted group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the group of all public companies with SIC code 3711.
(7)
The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
(8)
In the Company’s assessment, revenue is the financial performance measure that is the most important financial performance measure (other than TSR and net income) used by the Company for the most recently completed fiscal year, to link compensation actually paid to performance.
(9)
Mr. Kirkhorn departed Tesla in December 2023 and Mr. Guillen departed Tesla in June 2021, which led to certain forfeitures of unvested awards. The average compensation actually paid in 2023 and 2021 to our NEOs other than our CEO and Mr. Kirkhorn was approximately $54.3 million and other than our CEO and Mr. Guillen was approximately $123.2 million, respectively.
     
Company Selected Measure Name revenue      
Named Executive Officers, Footnote
(1)
Represents the total compensation reported for Elon Musk (our Chief Executive Officer) for each corresponding year in the “Total” column of the Summary Compensation Table.
(3)
Represents the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding Elon Musk, who has served as our CEO since 2008) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding Mr. Musk) included for purposes of calculating the average amounts in each applicable year are as follows: (i) for 2023, Vaibhav Taneja, Andrew Baglino, Tom Zhu and Zachary Kirkhorn; (ii) for 2022, Zachary Kirkhorn and Andrew Baglino; (iii) for 2021, Zachary Kirkhorn, Andrew Baglino and Jerome Guillen; and (iv) for 2020, Zachary Kirkhorn, Andrew Baglino and Jerome Guillen.
     
Peer Group Issuers, Footnote
(6)
Represents the weighted group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the group of all public companies with SIC code 3711.
     
PEO Total Compensation Amount
PEO Actually Paid Compensation Amount $ 1,403,000,000 (9,703,000,000) 15,016,000,000 43,019,000,000
Adjustment To PEO Compensation, Footnote
(2)
The dollar amounts reported in this column represent the amount of “compensation actually paid” to Mr. Musk, computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Musk during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Musk’s total compensation, as reported in the Summary Compensation Table for each year, to determine the compensation actually paid.
Year
Reported
Summary
Compensation
Table Total for
CEO
($)
Reported
Value of Equity
Awards
($)
(a)
Equity
Award
Adjustments
(in millions)
($)
(b)
Reported
Change in the
Actuarial Present
Value of Pension
Benefits
($)
Pension Benefit
Adjustments
($)
Compensation
Actually Paid
to CEO
(in millions)
($)
2023 1,403 1,403
2022 (9,703) (9,703)
2021 15,016 15,016
2020 43,019 43,019
(a)
The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.
(b)
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
Year
Year End
Fair Value
of Equity
Awards
Granted
and
Unvested in
the Year
($)
Year over Year
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
(in millions)
($)
Fair Value
as of
Vesting
Date of
Equity
Awards
Granted
and Vested
in the
Year ($)
Change in Fair
Value of Equity
Awards Granted
in Prior Years
that Vested in
the Year
(Vesting Date
Compared to the
Value at the End
of the Prior
Year) (in
millions)
($)
Fair Value at
the End
of the Prior
Year of Equity
Awards that
Failed to
Meet Vesting
Conditions
in the Year
($)
Value of
Dividends or
other Earnings
Paid on Stock or
Option Awards
not Otherwise
Reflected in Fair
Value or Total
Compensation
($)
Total
Equity
Award
Adjustments
(in
millions)
($)
2023 1,403 1,403
2022 (4,973) (4,730) (9,703)
2021 13,028 1,988 15,016
2020 36,329 6,690 43,019
     
Non-PEO NEO Average Total Compensation Amount $ 8,400,000 300,000 300,000 46,600,000
Non-PEO NEO Average Compensation Actually Paid Amount $ 45,800,000 (165,300,000) (74,300,000) 393,000,000
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The dollar amounts reported in this column is the average compensation actually paid for our NEOs other than our CEO in each applicable year, computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the NEO’s total compensation, as reported in the Summary Compensation Table for each applicable year, to determine the compensation actually paid.
Year
Average
Reported
Summary
Compensation
Table Total for
Non-CEO NEOs
(in millions)
($)
Average
Reported
Value of Equity
Awards
(in millions)
($)
Average
Equity
Award
Adjustments
(in
millions)
($)
(a)
Average
Reported
Change in the
Actuarial Present
Value of Pension
Benefits
($)
Average
Pension Benefit
Adjustments
($)
Average
Compensation
Actually Paid
to Non-CEO
NEOs
(in millions)
($)
2023 8.4 7.9 45.3 45.8
2022 0.3 (165.6) (165.3)
2021 0.3 (74.6) (74.3)
2020 46.6 46.3 392.7 393.0
(a)
The amounts deducted or added in calculating the total average equity award adjustments are as follows:
Year
Average
Year End
Fair Value
of Equity
Awards
Granted
and
Unvested
in the
Year
($)
Year over Year
Average
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
(in millions)
($)
Average Fair
Value as of
Vesting Date
of Equity
Awards
Granted and
Vested in the
Year
(in millions)
($)
Change in Fair
Value of
Equity Awards
Granted in
Prior Years
that Vested in
the Year
(Vesting Date
Compared to
the Value at
the End of the
Prior Year)
(in millions)
($)
Average Fair
Value at the
End of the
Prior Year of
Equity Awards
that Failed to
Meet Vesting
Conditions in
the Year
(in millions)
($)
Average Value of
Dividends or
other Earnings
Paid on Stock or
Option Awards
not Otherwise
Reflected in Fair
Value or Total
Compensation
($)
Total
Average
Equity
Award
Adjustments
(in
millions)
($)
2023 9.7 12.1 1.8 23.0 (1.3) 45.3
2022 (110.5) (55.1) (165.6)
2021 78.7 (2.9) (150.4) (74.6)
2020 84.2 278.7 0.7 29.1 392.7
     
Compensation Actually Paid vs. Total Shareholder Return
[MISSING IMAGE: bc_tsr-4c.jpg]
[MISSING IMAGE: bc_tsrnonceo-4c.jpg]
     
Total Shareholder Return Vs Peer Group
[MISSING IMAGE: lc_tsr-pn.jpg]
     
Tabular List, Table
Most Important Financial Performance Measures
This list below includes the three financial measures that in our assessment represent the most important financial performance measures used to link compensation actually paid to our NEOs, for the most recently completed fiscal year, to the Company’s performance. See “Compensation Discussion and Analysis” for further details.
Revenue
Adjusted EBITDA
Market Capitalization
     
Total Shareholder Return Amount $ 890.97 441.68 1,263.09 843.44
Peer Group Total Shareholder Return Amount 209.21 151.29 235.13 162.4
Net Income (Loss) $ 14,974,000,000 $ 12,587,000,000 $ 5,644,000,000 $ 862,000,000
Company Selected Measure Amount 96,773,000,000 81,462,000,000 53,823,000,000 31,536,000,000
PEO Name Elon Musk      
Measure:: 1        
Pay vs Performance Disclosure        
Name Revenue      
Non-GAAP Measure Description
(8)
In the Company’s assessment, revenue is the financial performance measure that is the most important financial performance measure (other than TSR and net income) used by the Company for the most recently completed fiscal year, to link compensation actually paid to performance.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
Measure:: 3        
Pay vs Performance Disclosure        
Name Market Capitalization      
Kirkhorn [Member]        
Pay vs Performance Disclosure        
Non-PEO NEO Average Compensation Actually Paid Amount $ 54,300,000      
Guillen [Member]        
Pay vs Performance Disclosure        
Non-PEO NEO Average Compensation Actually Paid Amount     $ 123,200,000  
PEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,403,000,000 (9,703,000,000) 15,016,000,000 43,019,000,000
PEO | Pension Adjustments Pension Value In Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Total Pension Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (4,973,000,000) 13,028,000,000 36,329,000,000
PEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,403,000,000 (4,730,000,000) 1,988,000,000 6,690,000,000
PEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
PEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (7,900,000) (46,300,000)
Non-PEO NEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 45,300,000 (165,600,000) (74,600,000) 392,700,000
Non-PEO NEO | Pension Adjustments Pension Value In Summary Compensation Table [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Total Pension Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 9,700,000 84,200,000
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 12,100,000 (110,500,000) 78,700,000 278,700,000
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,800,000 700,000
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 23,000,000 (55,100,000) (2,900,000) 29,100,000
Non-PEO NEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,300,000) (150,400,000)
Non-PEO NEO | Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Reflected In Fair Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount