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The company is Tesla based off last two year financial statements.

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents	$ 3,685,618	$ 3,367,914
Restricted cash	192,551	155,323
Accounts receivable, net	949,022	515,381
Inventory	3,113,446	2,263,537
Prepaid expenses and other current assets	365,671	268,365
Total current assets	8,306,308	6,570,520
Property, plant and equipment, net	11,330,077	10,027,522
Intangible assets, net	282,492	361,502
Goodwill	68,159	60,237
MyPower customer notes receivable, net of current portion	421,548	456,652
Restricted cash, net of current portion	398,219	441,722
Other assets	571,657	273,123
Total assets	29,739,614	28,655,372
Current liabilities
Accounts payable	3,404,451	2,390,250
Accrued liabilities and other	2,094,253	1,731,366
Deferred revenue	630,292	1,015,253
Resale value guarantees	502,840	787,333
Customer deposits	792,601	853,919
Current portion of long-term debt and capital leases	2,567,699	796,549
Current portion of promissory notes issued to related parties		100,000
Total current liabilities	9,992,136	7,674,670
Long-term debt and capital leases, net of current portion	9,403,672	9,418,319
Deferred revenue, net of current portion	990,873	1,177,799
Resale value guarantees, net of current portion	328,926	2,309,222
Other long-term liabilities	2,710,403	2,442,970
Total liabilities	23,426,010	23,022,980
Commitments and contingencies (Note 17)
Redeemable noncontrolling interests in subsidiaries	555,964	397,734
Convertible senior notes (Note 13)		70
Stockholders' equity
Preferred stock; $0.001 par value; 100,000 shares authorized; no shares issued and outstanding
Common stock; $0.001 par value; 2,000,000 shares authorized; 172,603 and 168,797 shares issued and outstanding as of December 31, 2018 and 2017, respectively	173	169
Additional paid-in capital	10,249,120	9,178,024
Accumulated other comprehensive (loss) income	(8,218)	33,348
Accumulated deficit	(5,317,832)	(4,974,299)
Total stockholders' equity	4,923,243	4,237,242
Noncontrolling interests in subsidiaries	834,397	997,346
Total liabilities and equity	29,739,614	28,655,372
Operating Lease Vehicles [Member]
Current assets
Operating lease net	2,089,758	4,116,604
Solar Energy Systems [Member]
Current assets
Operating lease net	$ 6,271,396	$ 6,347,490

Component III Instructions: Students must submit a document (Word, .rft only) that provides a narrative analysis of the results of their ratio calculations. Narratives should include (6 points each including following format and length requirements):

• at least one ratio from each category (liquidity, asset management, debt management, profitability, and market value)

• a comparison of the results of the two fiscal years for the ratios chosen (i.e., increase, decrease, ideas as to why this might have occurred)
• a comparison to the industry average for the ratios chosen (i.e., how the company compares to the industry and what this means for the company)
• What risk is the company facing? Is this true for the entire industry? How can the company mitigate this risk? What is the industry Beta and the company's Beta?
• recommendations for individuals who may be considering investing in the chosen company
• Given the model of valuation is the company priced fairly? What recommendations would you make to increase the value of the company (be thorough make specific recommendations tied back to the company's stated financial goals).
• Assume that you were given an early inheritance of $50,000 and on January 2, 2017, you used the money to invest in your chosen company's stock. You held the company's stock during 2017, selling all of your shares on December 31, 2017. Answer the following:
• • How many shares did you purchase on January 2, 2017?
  • What was the initial purchase price per share of stock?
  • Did you earn any dividends during 2017? Cash or stock? What was the value of your dividends? Would you have received a stock-split or been part of a repurchase program?
  • At what price per share did you sell your stock at on December 31, 2017?
  • Did you make any money on your investment? If so, how much? If not, how much did you lose?

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