Fast path: latest quarter results by ticker or company name

Tesla Inc

TSLA

$422.24 -4.75% Quote May 15, 8:00 PM

Exchange NASDAQ Sector Consumer Cyclical Industry Auto Manufacturers

Q3 2023

Reported

Published: Oct 23, 2023

Data: Financial Modeling Prep

Company Status Snapshot

Fast view of the latest quarter outcome for TSLA

Report Date

Oct 23, 2023

Quarter Q3 2023

Revenue

23.35B

YoY: +8.8%

EPS

0.53

YoY: -44.8%

Market Move

-4.75%

Previous quarter: N/A

Follow this company to get upcoming quarter alerts automatically.

Earnings Highlights

Gross Margin

17.9%

Net Income

1.85B

YoY: -43.7%

"reducing the cost of our vehicles is our top priority," - Vaibhav Taneja, CFO

— Vaibhav Taneja

TSLA

Tesla Inc

Period Q3 2023

Currency USD

Report Type Quarterly Earnings

Generated May 18, 2026

Swipe to view all report sections

Executive Summary

In Q3 2023, Tesla Inc (TSLA) reported a revenue of $23.35 billion, reflecting an 8.84% increase year-over-year but a 6.33% decrease quarter-over-quarter, highlighting pressures from economic uncertainty and declining vehicle prices. Net income of $1.85 billion represents a sharp decline of 43.71% YoY, marking significant challenges in maintaining profitability-driven margins. Management emphasized the ongoing transition toward sustainable production while acknowledging elevated costs due to factory upgrades and rising interest rates that impacted consumer affordability.

Key Performance Indicators

Revenue

Increasing

23.35B

QoQ: -6.33% | YoY: 8.84%

Gross Profit

Decreasing

4.18B

17.89% margin

QoQ: -7.83% | YoY: -22.37%

Operating Income

Decreasing

1.76B

QoQ: -26.47% | YoY: -52.17%

Net Income

Decreasing

1.85B

QoQ: -31.45% | YoY: -43.71%

EPS

Decreasing

0.58

QoQ: -31.76% | YoY: -44.76%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: $23.35 billion (YoY Increase: 8.84%, QoQ Decrease: 6.33%)
Gross Profit: $4.18 billion (Gross Margin: 17.8%, YoY Decrease: 22.37%, QoQ Decrease: 7.83%)
Operating Income: $1.76 billion (Operating Margin: 7.55%, YoY Decrease: 52.17%, QoQ Decrease: 26.47%)
Net Income: $1.85 billion (Net Margin: 7.93%, YoY Decrease: 43.71%, QoQ Decrease: 31.45%)
EPS: $0.58 (Diluted EPS: $0.53)
Current Ratio: 1.69
Debt: $8.19 billion, providing a low debt ratio of 0.0394, enhancing financial stability amid volatility.
Free Cash Flow: $849 million, reinforcing cash position amid operational changes.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	23.35B	8.84%	-6.33%
Gross Profit	4.18B	-22.37%	-7.83%
Operating Income	1.76B	-52.17%	-26.47%
Net Income	1.85B	-43.71%	-31.45%
EPS	0.58	-44.76%	-31.76%

Key Financial Ratios

Gross Profit Margin

Weak

17.90%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Fair

7.55%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

7.94%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

1.97%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.47%

Return on equity suggests inefficient capital allocation

Current Ratio

Healthy

1.69

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Conservative

0.07

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

High Growth

107.22x

Very high P/E indicates aggressive growth expectations, higher risk

Price to Book

High Premium

14.86x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	19,335.00	0.12	-9.2%	View
Q4 2024	25,707.00	0.66	+2.2%	View
Q3 2024	25,182.00	0.62	+7.9%	View
Q2 2024	25,500.00	0.42	+2.3%	View
Q1 2024	21,301.00	0.34	-8.7%	View
Q3 2023	23,350.00	0.53	+8.8%	View

Source & Methodology

Data provider: Financial Modeling Prep (FMP). Figures are pulled directly from filed company reports.
Year-over-year (YoY): Each line is compared to the same fiscal quarter one year prior; figures sourced from the company's own filings.
Quote freshness: The price shown above the report is a live quote, separate from the as-filed report numbers. Live quotes can lag a few minutes.
Time zone: Report dates and timestamps follow the company's filing time zone unless otherwise noted.

TSLA

Tesla Inc

Q1 2025 Report

Tesla Inc (TSLA) Q1 2025 Results: Adjusting to Challenges with Long-Term Optimism...

Read full report

TSLA

Tesla Inc

Q4 2024 Report

Tesla Inc (TSLA) Q4 2024 Results: Accelerating Towards Autonomy and Market Leadership...

Read full report

TSLA

Tesla Inc

Q3 2024 Report

Tesla Inc (TSLA) Q3 2024 Financial Results: Robust Performance Amid Market Challenges...

Read full report

TSLA

Tesla Inc

Q2 2024 Report

Tesla Inc (TSLA) Q2 2024 Financial Results: Navigating Market Challenges with Record Revenues...

Read full report

TSLA

Tesla Inc

Q1 2024 Report

Tesla Inc (TSLA) Q1 2024 Financial Results: Navigating Challenges and Future Growth Prospects...

Read full report

Tesla Inc (TSLA) Q3 2023 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

More TSLA Quarterly Reports

TSLA

TSLA

TSLA

TSLA

TSLA

Q3 2023 Reports in Consumer Cyclical Sector

Related Financial Data

Sector Analysis: Consumer Cyclical

TSLA Full Profile

TSLA Financial Statements

Earnings Calendar