Table of ContentsOur cash, cash equivalents and investments classified by security type as of September 30, 2024 and December 31, 2023consisted of the following (in millions):September 30, 2024Adjusted CostGrossUnrealizedGainsGrossUnrealizedLosses Fair ValueCash andCashEquivalentsShort-TermInvestmentsCash $ 13,784 $ — $ — $ 13,784 $ 13,784 $ —Certificates of deposit and time deposits 10,327 2 — 10,329 600 9,729Commercial paper 4,160 3 (1) 4,162 945 3,217U.S. government securities 3,391 3 (1) 3,393 998 2,395Corporate debt securities 195 1 — 196 — 196Money market funds1,784 — — 1,784 1,784 —Total cash, cash equivalents and short-term investments$ 33,641 $ 9 $ (2) $ 33,648 $ 18,111 $ 15,537December 31, 2023Adjusted CostGrossUnrealizedGainsGrossUnrealizedLosses Fair ValueCash andCashEquivalentsShort-TermInvestmentsCash $ 15,903 $ — $ — $ 15,903 $ 15,903 $ —Certificates of deposit and time deposits 6,995 1 — 6,996 — 6,996U.S. government securities 5,136 1 (1) 5,136 277 4,859Corporate debt securities 485 1 (6) 480 — 480Commercial paper 470 — — 470 109 361Money market funds109 — — 109 109 —Total cash, cash equivalents and short-term investments$ 29,098 $ 3 $ (7) $ 29,094 $ 16,398 $ 12,696The following table summarizes the fair value of our investments by stated contractual maturities as of September 30,2024 (in millions):Due in 1 year or less $ 15,336Due in 1 year through 5 years201Total$ 15,537Disclosure of Fair ValuesOur financial instruments that are not re-measured at fair value include accounts receivable, financing receivables, otherreceivables, digital assets, accounts payable, accrued liabilities, customer deposits and debt. The carrying values of thesefinancial instruments materially approximate their fair values, other than our 2.00% Convertible Senior Notes due in 2024(“2024 Notes”), which matured in the second quarter of 2024, and digital assets.We estimated the fair value of the 2024 Notes using commonly accepted valuation methodologies and market-based riskmeasurements that are indirectly observable, such as credit risk (Level II). In addition, we estimate the fair values of our digitalassets based on quoted prices in active markets (Level I). The following table presents the estimated fair values and thecarrying values (in millions):September 30, 2024 December 31, 2023Carrying Value Fair Value Carrying Value Fair Value2024 Notes $ — $ — $ 37 $ 443Digital assets, net $ 184 $ 729 $ 184 $ 48716
tsla-20240930https://www.sec.gov/Archives/edgar/data/1318605/00016282802404...
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