XML 67 R45.htm IDEA: XBRL DOCUMENT v3.6.0.2
Equity Award Plans (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity, Presented in Terms of Tesla's Common Stock

A summary of stock option activity, presented in terms of Tesla’s common stock, is as follows (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

Stock

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

 

 

Options

 

 

Price

 

 

Term (Years)

 

 

Value

 

Outstanding - January 1, 2014

 

 

1,534

 

 

 

134.27

 

 

 

7.52

 

 

 

586,740

 

Granted (weighted-average fair value of $431.36)

 

 

610

 

 

 

597.18

 

 

 

 

 

 

 

 

 

Exercised

 

 

(349

)

 

 

58.00

 

 

 

 

 

 

 

185,822

 

Canceled

 

 

(260

)

 

 

350.09

 

 

 

 

 

 

 

 

 

Outstanding - December 31, 2014

 

 

1,535

 

 

 

299.00

 

 

 

7.64

 

 

 

342,293

 

Granted (weighted-average fair value of $284.00)

 

 

709

 

 

 

451.55

 

 

 

 

 

 

 

 

 

Exercised

 

 

(105

)

 

 

111.36

 

 

 

 

 

 

 

37,929

 

Canceled

 

 

(125

)

 

 

509.73

 

 

 

 

 

 

 

 

 

Outstanding - December 31, 2015

 

 

2,014

 

 

 

349.36

 

 

 

7.74

 

 

 

293,855

 

Granted (weighted-average fair value of $137.53)

 

 

142

 

 

 

235.81

 

 

 

 

 

 

 

 

 

Exercised

 

 

(89

)

 

 

60.60

 

 

 

 

 

 

 

12,754

 

Canceled

 

 

(873

)

 

 

452.05

 

 

 

 

 

 

 

 

 

Outstanding - December 31, 2016

 

 

1,194

 

 

$

282.44

 

 

 

6.04

 

 

$

90,408

 

Options vested and exercisable - December 31, 2014

 

 

719

 

 

$

115.64

 

 

 

6.30

 

 

$

272,140

 

Options vested and exercisable - December 31, 2015

 

 

883

 

 

$

195.73

 

 

 

5.88

 

 

$

258,310

 

Options vested and exercisable - December 31, 2016

 

 

901

 

 

$

230.75

 

 

 

5.33

 

 

$

88,387

 

Options vested and expected to vest - December 31, 2014

 

 

1,367

 

 

$

274.09

 

 

 

7.46

 

 

$

333,813

 

Options vested and expected to vest - December 31, 2015

 

 

1,670

 

 

$

326.73

 

 

 

7.37

 

 

$

287,673

 

Options vested and expected to vest - December 31, 2016

 

 

1,128

 

 

$

268.38

 

 

 

5.89

 

 

$

89,865

 

 

Summary of Fair Value of Stock Options Granted Using Weighted-Average Assumptions used in the Black-Scholes Option Valuation Model

The fair values were estimated on each grant date with the following weighted-average assumptions used in the Black-Scholes option valuation model:

 

  

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Dividend yield

 

 

0

%

 

 

0

%

 

 

0

%

Annual risk-free rate of return

 

 

1.50

%

 

 

2.14

%

 

 

1.95

%

Expected volatility

 

 

61.94

%

 

 

65.76

%

 

 

83.66

%

Expected term (years)

 

 

6.28

 

 

 

7.02

 

 

 

6.25

 

 

Summary of RSU Activity, Presented in Terms of Tesla's Common Stock

A summary of RSU activity, presented in terms of Tesla’s common stock, is as follows (in thousands, except per share amounts):

 

  

 

 

 

 

 

Weighted-

 

 

 

Restricted

 

 

Average

 

 

 

Stock

 

 

Fair

 

 

 

Units

 

 

Value

 

Outstanding - January 1, 2014

 

 

2

 

 

$

231.45

 

Granted

 

 

121

 

 

 

562.91

 

Released

 

 

(6

)

 

 

552.82

 

Cancelled

 

 

(4

)

 

 

589.00

 

Outstanding - December 31, 2014

 

 

113

 

 

 

556.00

 

Granted

 

 

367

 

 

 

436.27

 

Released

 

 

(43

)

 

 

547.18

 

Cancelled

 

 

(43

)

 

 

511.73

 

Outstanding - December 31, 2015

 

 

394

 

 

 

450.27

 

Granted

 

 

262

 

 

 

450.28

 

Vested

 

 

(132

)

 

 

397.33

 

Cancelled

 

 

(162

)

 

 

369.04

 

Outstanding - December 31, 2016

 

 

362

 

 

$

505.99

 

Expected to vest - December 31, 2016

 

 

236

 

 

$

315.46

 

 

Summary of Capitalized Stock-Based Compensation Expense

The amount of capitalized stock-based compensation expense was as follows (in thousands):

 

  

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

Capitalized under:

 

 

 

 

 

 

 

 

Inventories

 

$

(157

)

 

$

226

 

Other assets

 

$

666

 

 

$

3,136

 

Property, plant and equipment - net

 

$

3,422

 

 

$

2,997

 

Solar energy systems, leased and to be leased - net

 

$

21,755

 

 

$

24,075

 

 

Summary of Stock-Based Compensation Expense Recognized

Stock-based compensation expense was included in cost of revenue and operating expenses as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Total cost of revenue

 

$

3,692

 

 

$

2,855

 

 

$

2,251

 

Sales and marketing

 

$

19,124

 

 

$

24,176

 

 

$

16,391

 

General and administrative

 

$

18,193

 

 

$

45,135

 

 

$

40,897

 

Pre-production expense

 

$

(496

)

 

$

 

 

$

 

Research and development

 

$

8,853

 

 

$

14,203

 

 

$

6,023