Segment Reporting and Information about Geographic Areas

6 Months Ended

Jun. 30, 2021

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 June 30,				Six Months Ended June 30,
	2021		2020		2021			2020
Automotive segment
Revenues	$	11,157	$	5,666	$	21,052		$	11,358
Gross profit	$	2,864	$	1,246	$	5,180		$	2,469
Energy generation and storage segment
Revenues	$	801	$	370	$	1,295		$	663
Gross profit	$	20	$	21	$	(81	)	$	32

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
United States	$	5,205	$	3,090	$	9,629	$	5,858
China		2,859		1,400		5,902		2,300
Other		3,894		1,546		6,816		3,863
Total	$	11,958	$	6,036	$	22,347	$	12,021

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

	June 30,		December 31,
	2021		2020
United States	$	17,460	$	15,989
International		4,088		2,737
Total	$	21,548	$	18,726