FP&A and Business Operations Internship (Summer 2023)
Disclaimer: This position is expected to start around May/June 2023 and continue through the entire Summer term (i.e., through August). We ask for a minimum of 12 weeks, full-time, for most internships. Please consider before applying.
International Students: If your work authorization is through CPT, please consult your school on your ability to work 40 hours per week before applying. Again, please do not apply until you know you can work 40 hours per week. This is required for external applicants. Many students will be limited to part-time during the academic year.
Internship Program at Tesla
The Internship Recruiting Team is driven by the passion to recognize emerging talent. Our year around program places the best students in positions that they will grow both technically and personally through their experience working closely with their Manager, Mentor, and team. We provide an experience that allows for the intern to experience life at Tesla by given them projects that are critical to their team’s success. Instead of going on coffee runs and making copies, you’ll be seated at the table making critical decisions that will influence not only your team, but the overall achievement of Tesla’s mission.
About the Team
Tesla Finance combines traditional financial planning and analysis with broader business decision- making and strategy. Finance is embedded in daily operations, supporting both near-term execution and long-term planning. Team members are expected to analyze data, provide recommendations, and lead cross-functional decision-making and implementation of the recommendations with the relevant executives/teams throughout the company. Through the intern program, we are looking to find the next wave of talent to drive these efforts.
Financial Planning & Analysis (FP&A) works with our Finance and Accounting leadership team and other subgroups to:
- Lead Tesla’s P&L, balance sheet and cash flow forecast process, including reviewing with Tesla’s Leadership and Board of Directors and working with finance and non-finance stakeholders to analyze the impact of proposed business decisions
- Develop and track cross-company efforts to improve gross margin and cash flow
- Lead long term planning for Tesla, including new products/capabilities, and capital need
Engineering Finance works with the Supply Chain and Engineering teams to:
- Manage R&D investments/planning for Engineering (e.g. return on investment analyses for new technology development, resource planning, etc.) and develop associated forecasts
- Track, report, and proactively manage profit improvement (e.g. design proposals, supply chain initiatives) on existing vehicles
- Support product development by establishing cost targets and guiding engineering, design and supply chain decisions towards attainment of these targets (i.e. cost vs. performance tradeoffs)
Manufacturing Finance (Fremont, CA, Sparks, NV and Austin, TX) works with the Manufacturing, Quality, and Supply Chain teams to:
- Manage all manufacturing investments globally and develop associated forecasts
- Evaluate major CapEx decisions and expansion plans as well as business cases on automation, manufacturing scope, insource vs. outsource choices, and location
- Lead manufacturing cost improvement for all products, including feedback on estimated manufacturing costs for future programs, identification of focus areas for cost, and execution of identified initiatives
Energy Products Finance works with the Energy Storage and Solar teams to:
- Consolidate inputs on business activities and develop financial projections; maintain projections and track actual financial performance against plan
- Drive cost optimization in product development for existing and future products with a focus on establishment and attainment of cost targets
- Lead pricing efforts for Energy Products, including installation and services, and business planning for global retail, service and sales enablement
Sales, Marketing and Service (SMS) Finance works with the Sales, Service and Marketing teams to:
- Manage investments into SMS activities, develop associated forecasts, and lead profitability analysis/improvement initiatives as the global and regional level
- Lead pricing efforts, including options and services, and business planning for global retail, service and sales enablement
- Develop and evaluate ROI for new markets, new business models, used vehicles, and service
Responsibilities
- Interns will be assigned to one of the above subgroups based on prior experience, interests, and educational background.
Requirements
- Evidence of exceptional ability, especially within an ambiguous environment
- Pursuing a Bachelor's Degree (Finance, Accounting, Engineering and other technical degrees are a plus)
- A robust analytical skill-set
- Excellent modeling skills (e.g. Microsoft Office Excel; experience with Microsoft PowerQuery/Power BI and/or SQL a plus)
- Ability to work independently, detail-oriented, and execution focused
- Strong verbal, written and presentation skills
- Highly collaborative and team-oriented