Segment Reporting and Information about Geographic Areas

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Segment Reporting and Information about Geographic Areas

Note 17 – 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 and sales of electric vehicles. Additionally, the automotive segment is also comprised of services and other, which includes after-sales vehicle services, used vehicle sales, powertrain sales and services by Grohmann. The energy generation and storage segment includes the design, manufacture, installation and sale or lease of stationary energy storage products and solar energy systems, or sale of electricity generated by our solar energy systems to customers. Our CODM does not evaluate operating segments using asset and liability information. The following table presents revenues and gross margins by reportable segment (in thousands):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2017		2016			2017		2016
Automotive segment
Revenues	$	2,667,170	$	2,275,102		$	7,652,273	$	4,665,492
Gross profit	$	368,923	$	637,682		$	1,558,295	$	1,164,523
Energy generation and storage segment
Revenues	$	317,505	$	23,334		$	818,229	$	50,009
Gross profit	$	80,217	$	(947	)	$	225,406	$	(544	)

The following table presents revenues by geographic area based on where our products are shipped (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
United States	$	1,582,143	$	1,432,456	$	4,380,393	$	2,891,419
China		563,561		314,941		1,531,082		567,357
Norway		225,461		135,200		482,965		236,009
Other		613,510		415,839		2,076,062		1,020,716
Total	$	2,984,675	$	2,298,436	$	8,470,502	$	4,715,501

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

	September 30, 2017		December 31, 2016
United States	$	14,935,394	$	11,399,545
International		746,968		503,294
Total	$	15,682,362	$	11,902,839