Tesla (TSLA) Effective Interest Rate on Debt % (2024)

What is Tesla Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to plus . Tesla's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $344 Mil. Tesla's average total debt for the quarter that ended in Jun. 2024 was $11,213 Mil. Therefore, Tesla's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 3.07%.

Tesla Effective Interest Rate on Debt % Historical Data

The historical data trend for Tesla's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tesla Effective Interest Rate on Debt % Chart

Tesla Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Effective Interest Rate on Debt %											Get a 7-Day Free Trial	4.82	5.37	3.35	2.61	2.04

Tesla Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.97	2.17	2.75	3.12	3.07

Competitive Comparison of Tesla's Effective Interest Rate on Debt %

For the Auto Manufacturers subindustry, Tesla's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tesla's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tesla's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Tesla's Effective Interest Rate on Debt % falls into.

Tesla Effective Interest Rate on Debt % Calculation

Tesla's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1*Interest Expense	/	( (Total Debt(A: Dec. 2022 )	+	Total Debt(A: Dec. 2023 ))	/ count )
=	-1*-156	/	( (5748	+	9573)	/ 2 )
=	-1*-156	/	7660.5
=	2.04 %

Tesla Effective Interest Rate on Debt % Related Terms

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Tesla Business Description

Industry

GURUFOCUS.COM »STOCK LIST »Consumer Cyclical » » Tesla Inc (NAS:TSLA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

STLA F GM LI RIVN NIO XPEV VFS LCID PSNY TSE:7203 SZSE:002594 XTER:MBG XTER:BMW XTER:VOW3 MIL:RACE TSE:7267 NSE:MARUTI XKRX:005380 HKSE:02333

Traded in Other Exchanges

TSLA:Poland TSLA:Peru TSLA:Mexico TSLA_KZ:Kazakhstan 1TSLA:Italy TL0d:UK 0R0X:UK TL0:Germany TSLACL:Chile TSLA:Canada TSLA34:Brazil TL0:Bulgaria TSLA:Austria TSLA:Argentina

Address

1 Tesla Road, Austin, TX, USA, 78725

Website

https://www.tesla.com

Founded in 2003 and based in Palo Alto, California, Tesla is a vertically integrated sustainable energy company that also aims to transition the world to electric mobility by making electric vehicles. The company sells solar panels and solar roofs for energy generation plus batteries for stationary storage for residential and commercial properties including utilities. Tesla has multiple vehicles in its fleet, which include luxury and midsize sedans and crossover SUVs. The company also plans to begin selling more affordable sedans and small SUVs, a light truck, a semi truck, and a sports car. Global deliveries in 2022 were a little over 1.3 million vehicles.

Executives

Vaibhav Taneja	officer: Chief Accounting Officer	3500 DEER CREEK ROAD, PALO ALTO CA 94304
Xiaotong Zhu	officer: SVP, Automotive	1 TESLA ROAD, AUSTIN TX 78725
Andrew D Baglino	officer: SVP Powertrain and Energy Eng.	3500 DEER CREEK ROAD, FREMONT CA 94538
Zachary Kirkhorn	officer: Chief Financial Officer	3500 DEER CREEK ROAD, PALO ALTO CA 94304
Kimbal Musk	director	C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Elon Musk	director, 10 percent owner, officer: CEO	C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Joseph Gebbia	director	C/O AIRBNB, INC., 888 BRANNAN STREET, SAN FRANCISCO CA 94103
Kathleen Wilson-thompson	director	PO BOX 3599, BATTLE CREEK MI 49016-3599
Robyn M Denholm	director	4150 NETWORK CIRCLE, SANTA CLARA CA 95054
Ira Matthew Ehrenpreis	director	100 SHORELINE HWY, SUITE 282, BLDG. B, MILL VALLEY CA 94941
Jerome M Guillen	officer: VP Service and Sales Ops	3500 DEER CREEK RD., PALO ALTO CA 94304
Antonio J. Gracias	director	C/O VALOR EQUITY PARTNERS, 200 SOUTH MICHIGAN AVENUE, SUITE 1020, CHICAGO IL 60604
Hiromichi Mizuno	director	1-2-33-A504, KOMAZAWA, SETAGAYA, TOKYO M0 154-0012
Lawrence Joseph Ellison	director	C/O DELPHI ASSET MGMT CORPORATION, 5525 KIETZKE LANE, SUITE 200, RENO NV 89511
Stephen T Jurvetson	director	2882 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025