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表  10 : SDS  情境下之預測自由現金流量計算表  (百萬)

      2020   2021   2022F   2023F   2024F   2025F   2026F   2027F   2028F   2029F   2030F

 全球電動車銷售(千輛)   3,000   6,500   9,731.7   11,698.7  13,436.9  15,498.1  18,896.6  23,781.6  30,011.9  37,965.1  48,129.2

 TESLA 總銷售量(輛)   499,550  936,172  1,459,755  1,754,805 2,015,535 2,324,715 2,834,490  3,567,240  4,501,785 5,694,765  7,219,380

 市占率   16.65%  14.40%   15%   15%   15%   15%   15%   15%   15%   15%   15%

 營業收入   31,536  53,823   92,441   116,417  139,792  168,246  213,688   279,686   366,533  480,838  631,339

 營業成本   24,906  40,217   64,709   80,910   96,457   115,249  145,308   188,788   245,577  319,757  416,684

 營業毛利   6,630   13,606   27,732   35,507   43,336   52,998   68,380   90,898   120,956  161,081  214,655

 營業費用   4,636   7,083   12,017   15,134   18,173   21,872   27,779   36,359   47,649   62,509   82,074

 營業淨利   1,994   6,523   15,715   20,373   25,163   31,126   40,601   54,539   73,307   98,572   132,581

 所得稅準備金   292   699   1,729   2,241   2,768   3,424   4,466   5,999   8,064   10,843   14,584

 稅後淨利   862   5,644   13,986   18,132   22,395   27,702   36,135   48,539   65,243   87,729   117,997

 營業活動現金流量調整   5,081   5,853   6,785   7,803   8,973   10,319   11,867   13,647   15,694   18,048   20,755

 營業活動之淨現金流   5,943   11,497   20,771   25,935   31,368   38,021   48,002   62,187   80,937   105,777  138,753

 資本支出   (3,157)  (6,482)   (7,454)   (8,572)   (9,858)  (11,337)  (13,038)  (14,993)  (17,242)  (19,829)  (22,803)

 自由現金流   2,786   5,015   13,317   17,362   21,510   26,684   34,964   47,193   63,695   85,948   115,950




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