Segment Reporting and Information about Geographic Areas

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment Reporting and Information about Geographic Areas

Note 15 – 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,
	2020		2019		2020		2019
Automotive segment
Revenues	$	8,192	$	5,901	$	19,550	$	16,099
Gross profit	$	2,042	$	1,103	$	4,511	$	2,539
Energy generation and storage segment
Revenues	$	579	$	402	$	1,242	$	1,095
Gross profit	$	21	$	88	$	53	$	139

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,
	2020		2019		2020		2019
United States	$	4,215	$	3,127	$	10,073	$	8,937
China		1,744		669		4,044		2,138
Other		2,812		2,507		6,675		6,119
Total	$	8,771	$	6,303	$	20,792	$	17,194

The revenues in certain geographic areas were impacted by the price adjustments we made to our vehicle offerings during the nine months ended September 30, 2020 and 2019. Refer to Note 2, Summary of Significant Accounting Policies, for details.

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

	September 30,		December 31,
	2020		2019
United States	$	15,742	$	15,644
International		2,131		890
Total	$	17,873	$	16,534