Executive Summary
In Q4 2023, Tesla Inc. (TSLA) reported impressive financial results with revenue reaching $25.17 billion, a sequential increase of 7.78% and a year-over-year growth of 3.49%. The company achieved record production levels, delivering over 1.8 million vehicles for the year, with a strong annualized production run rate of nearly 2 million in Q4 alone. Net income surged to $7.93 billion, reflecting a year-over-year increase of over 113%, underscoring the company's resilient profitability despite a challenging macroeconomic environment marked by high inflation and interest rates. Management emphasized the strong trajectory of both automotive and energy sectors, positioning Tesla for sustained growth in 2024.
Key Performance Indicators
Revenue
25.17B
QoQ: 7.78% | YoY:3.49%
Gross Profit
4.44B
17.63% margin
QoQ: 6.22% | YoY:-23.18%
Operating Income
2.06B
QoQ: 17.01% | YoY:-47.09%
Net Income
7.93B
QoQ: 327.95% | YoY:113.52%
EPS
2.49
QoQ: 329.31% | YoY:111.02%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue:** $25.17 billion (QoQ +7.78%, YoY +3.49%)
- **Gross Profit:** $4.44 billion, with a margin of 17.63% (QoQ +6.22%, YoY -23.18%)
- **Operating Income:** $2.06 billion, reflecting an 8.20% margin (QoQ +17.01%, YoY -47.09%)
- **Net Income:** $7.93 billion (QoQ +327.95%, YoY +113.52%)
- **EPS (Diluted):** $2.27