Tag: earnings report
-
Highlights from Tesla Q1 2023 earnings report, earning $2.5B -24% YoY and revenue $23.3B 24% YoY.
Tesla revenue is up 24% YoY reaching $23.3B for Q1 2023. Due the large price reductions on Model 3 and Y needed to increase demand, GAAP net income dropped -24% to $2.5B. Tesla is strategically choosing to sacrifice profit margin to keep production at full capacity. They believe over the lifetime of the vehicle, they…
-
Highlights from Tesla Q4 2022 earnings report, earning $3.7B 59% YoY and revenue $24.3B 37% YoY.
On January 25, 2023 Tesla announced that Q4 2022 revenue was $24.3B up 37% YoY and GAAP net income was $3.7B up 59% YoY growth. GAAP Earnings per share came in at $1.07, 57% YoY growth. Net cash ended the quarter at $22B. In the shareholder presentation, it mentioned free cash flow is $1.4B in…