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Opex
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Tesla Opex (in mln $)
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($ in million)2014
Act		2015
Act		2016
Act		2017
Act		2018 H1
Act		2018 H2
Fcst		2018
Fcst		2019
Fcst		2020
Fcst		2021
Fcst		2022
Fcst		2023
Fcst		2024
Fcst		2025
Fcst		2026
Fcst		2027
Fcst		2028
Fcst
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Revenues 3,453 4,446 7,730 11,759 7,411 10,577 17,988 23,057 41,515 55,124 71,184 76,330 81,914 85,059 88,344 90,309 92,325
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Opex as a % of revenues-30.9%-36.9%-29.3%-32.8%-31.0%-26.5%-12.5%-12.5%-12.5%-12.5%-12.5%-12.5%-12.5%-12.5%-12.5%-12.5%
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Opex (1,068) (1,640) (2,267) (3,855) (2,294) (2,801) (5,095) (2,880) (5,186) (6,886) (8,892) (9,535) (10,233) (10,625) (11,036) (11,281) (11,533)
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Selected case
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Opex as a % of revenue-26%-12%-12%-12%-12%-12%-12%-12%-12%-12%-12%
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Opex %
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Best case
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Opex as a % of revenue-23%-10%-10%-10%-10%-10%-10%-10%-10%-10%-10%
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Base case
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Opex as a % of revenue-26%-12%-12%-12%-12%-12%-12%-12%-12%-12%-12%
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Worst case
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Opex as a % of revenue-29%-14%-14%-14%-14%-14%-14%-14%-14%-14%-14%
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