v3.22.2.2
Segment Reporting and Information about Geographic Areas
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Reporting and Information about Geographic Areas

Note 14 – Segment Reporting and Information about Geographic Areas

We have two operating and reportable segments: (i) automotive and (ii) energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of electric vehicles as well as sales of automotive regulatory credits. Additionally, the automotive segment is also comprised of services and other, which includes non-warranty after-sales vehicle services, sales of used vehicles, retail merchandise, sales by our acquired subsidiaries to third party customers and vehicle insurance revenue. The energy generation and storage segment includes the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Our CODM does not evaluate operating segments using asset or liability information. The following table presents revenues and gross profit by reportable segment (in millions):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Automotive segment

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

20,337

 

 

$

12,951

 

 

$

54,545

 

 

$

34,003

 

Gross profit

 

$

5,278

 

 

$

3,657

 

 

$

14,947

 

 

$

8,837

 

Energy generation and storage segment

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

1,117

 

 

$

806

 

 

$

2,599

 

 

$

2,101

 

Gross profit

 

$

104

 

 

$

3

 

 

$

129

 

 

$

(78

)

 

The following table presents revenues by geographic area based on the sales location of our products (in millions):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

United States

 

$

10,236

 

 

$

6,414

 

 

$

28,584

 

 

$

16,043

 

China

 

 

5,131

 

 

 

3,113

 

 

 

13,568

 

 

 

9,015

 

Other

 

 

6,087

 

 

 

4,230

 

 

 

14,992

 

 

 

11,046

 

Total

 

$

21,454

 

 

$

13,757

 

 

$

57,144

 

 

$

36,104

 

 

The following table presents long-lived assets by geographic area (in millions):

 

 

 

September 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

United States

 

$

20,903

 

 

$

19,026

 

Germany

 

 

3,175

 

 

 

2,606

 

China

 

 

2,675

 

 

 

2,415

 

Other international

 

 

735

 

 

 

602

 

Total

 

$

27,488

 

 

$

24,649