Tesla Inc
TSLA
$446.82 -4.60%
Exchange: NASDAQ | Sector: Consumer Cyclical | Industry: Auto Manufacturers
Q4 2023
Published: Jan 29, 2024

Earnings Highlights

  • Revenue of $25.17B up 3.5% year-over-year
  • EPS of $2.27 increased by 111% from previous year
  • Gross margin of 17.6%
  • Net income of 7.93B
  • ""It's important to emphasize that this is very much a production-constrained situation, not a demand-constrained situation. The demand is off the hook." - Elon Musk" - Elon Musk

Tesla Inc (TSLA) Q4 2023 Earnings Analysis: Record Production and Strategic Growth Initiatives

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

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
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
Q4 2023 25,167.00 2.27 +3.5% View