The company said it made $2.31 billion last quarter, down 71% from the $7.93 billion profit in the same period in 2023. Revenue rose 2% to $25.7 billion, less than Wall Street’s forecast of $27.1 billion, according to FactSet. Tesla offered a series of incentives during t...
though the year-earlier period was a poor comparison because the results included a large one-time tax benefit. The company said it made $2.31 billion last quarter, down 71% from the $7.93 billion profit in the same period in 2023. ...
The company said it made $2.31 billion last quarter, down 71% from the $7.93 billion profit in the same period in 2023. Revenue rose 2% to $25.7 billion, less than Wall Street’s forecast of $27.1 billion, according to FactSet. Tesla offered a series of i...
“As Tesla increases and ramps their production, the average sales price might go down for the car, but they might be able to make it up off of Full Self Driving. So, let’s say hypothetically it stays the same at $45,000. Gross profit — let’s say it stays at $25,000/25% an...
Price reductions in 2023 mean Tesla's gross profit margin dropped to a four-year low of 17.9 percent. In contrast, BYD's profitability strengthened. Tesla may now consider selling its Full Self-Driving (FSD) system to other car makers, emphasizing that vehicle sales volume is not the sole ...
601.3 80.6% Total Gross Profit Gross Margin (%) $30.1 7.3% $456.3 18.4% $887.3 27.7% $923.5 22.8% $1,599.3 22.8% $2,222.5 18.9% $4,042.0 18.8% $4,068.8 16.6% $6,630.0 21.0% $13,606.0 25.3% $20,853.0 25.6% $17,660.0 18.2% $3,696.0 17.4% $4,578.0 18.0% $4,997.0 19.8%...
Gross profit and margins in the service and other business was up year over year but declined sequentially. This was the result of higher service center costs and lower profit from used car business. The businesses within service and other primarily support our new car business, especially through...
Tesla (NASDAQ: TSLA) is due to report its financial results for the second quarter of 2023 (ended June 30) on July 19. However, as always, it released its quarterly electric vehicle production and customer delivery numbers ahead of time.
As the report’s financial summary shows, revenues are up 55% vs one year ago (now $21.5 Billion) and total gross profit is up 47% YoY. Amidst that, expenses are only up 2%. Tesla’s Financial Reports Tesla is listed on theS&PandNASDAQexchanges. ...
Tesla (ticker: TSLA) on Wednesday reported adjusted earnings per share of 66 cents and automotive gross profit margins, excluding regulatory credit sales, of 16.3%. Wall Street was looking for profit of 70 cents and margins of about 17.5%. Operating profit margins came in at 7.6%, down almo...