Tesla Earnings Reports

Tesla's Q4 2024 revenue reached $25.7 billion, up 2% year-over-year, driven by growth in energy and services segments. However, operating income declined 23% to $1.6 billion due to increased R&D expenses and lower vehicle prices. Net income for Q4 stood at $2.3 billion, including a $0.6 billion gain from digital assets. The company achieved record vehicle deliveries and energy storage deployments. Operating cash flow was $4.8 billion, while free cash flow reached $2.0 billion.

Tesla reported strong Q3 2024 results, with revenue reaching $25.182 billion, a GAAP operating income of $2.717 billion, and a GAAP net income of $2.167 billion. The company saw growth in vehicle deliveries and energy storage deployments, as well as advancements in AI and manufacturing capabilities.

Tesla's Q2 2024 saw a 2% YoY increase in total revenue to $25.5 billion. GAAP operating income was $1.6 billion, and GAAP net income reached $1.5 billion. The Energy Storage business set a record with 9.4 GWh of deployments. The company is focused on cost reduction, AI development, and managing its product portfolio for long-term growth.

Tesla's Q1 2024 saw a revenue decline of 9% YoY to $21.3 billion, with operating income decreasing to $1.2 billion, resulting in a 5.5% operating margin. The company faced challenges including production disruptions and pricing pressures, but is investing in future growth areas such as AI infrastructure and new product development.

Tesla's Q4 2023 saw a 3% YoY revenue increase to $25.2B. GAAP net income was $7.9B, including a one-time non-cash tax benefit of $5.9B. Operating income decreased to $2.1B, resulting in an 8.2% operating margin. Free cash flow was $2.1B, and cash and investments increased to $29.1B.

Tesla's Q3 2023 results showed revenue growth of 9% year-over-year, reaching $23.35 billion. However, profitability metrics declined, with operating margin at 7.6%. The company focused on cost reduction, free cash flow generation, and investments in AI and growth projects. Cash and investments increased to $26.1 billion.

Tesla's Q2 2023 was a record quarter with best-ever production and deliveries. Revenue approached $25B. Operating margin remained healthy at approximately 10%, reflecting cost reduction efforts and strong performance of Energy and Services & Other businesses.

In Q1 2023, Tesla reported solid operational progress while navigating a complex macroeconomic environment. The company maintained its focus on cost reduction and operational efficiency, which supported profitability despite pricing adjustments. Tesla continues to invest in long-term growth initiatives, including capacity expansion and technology development.

Tesla's Q4 2022 earnings report provides an overview of the company's financial and operational performance, highlighting key metrics and strategic initiatives.

Tesla reported a strong quarter with growth in vehicle deliveries and overall financial performance. The company continues to focus on increasing production capacity and technological advancements.

Tesla's Q2 2022 saw significant progress despite challenges like Shanghai shutdowns. The company achieved a 14.6% operating margin, $621M free cash flow, and record vehicle production month. New factories in Berlin-Brandenburg and Austin continued to ramp up, with Gigafactory Berlin-Brandenburg achieving positive gross margin.

Tesla's Q1 2022 saw record revenues, vehicle deliveries, and operating profit. The operating margin was over 19%. The company's recourse debt decreased to below $0.1B. Production started at Gigafactory Berlin and Texas.

Tesla's Q4 2021 saw a 65% YoY revenue increase to $17.7B. Operating income reached $2.6B with a 14.7% margin. Free cash flow was $2.8B, contributing to a $1.5B increase in cash and cash equivalents, reaching $17.6B.

Tesla's Q3 2021 was a record quarter with best-ever net income, operating profit, and gross profit. The company achieved a 14.6% operating margin, exceeding its medium-term guidance, despite a decrease in ASP due to a mix shift towards lower-priced vehicles. Tesla faced challenges including semiconductor shortages and port congestion, but managed to maintain production.

Tesla's Q2 2021 saw record vehicle production and deliveries, exceeding $1B in GAAP net income for the first time. The company achieved an 11.0% operating margin despite ongoing supply chain challenges.

Tesla's Q1 2021 saw record vehicle production and deliveries despite challenges. GAAP net income was $438M, and non-GAAP net income exceeded $1B. Vehicle ASP declined, but auto gross margin increased. Free cash flow was $293M, and debt decreased by $1.2B.

Tesla's Q4 2020 saw significant revenue growth, driven by increased vehicle deliveries and other business areas. The company achieved a 5.4% operating margin and increased its cash and cash equivalents to $19.4B. Model Y production started at Gigafactory Shanghai in December 2020.

Tesla's Q3 2020 was a record quarter with substantial growth in vehicle deliveries, resulting in a 39% year-over-year increase in total revenue. The company achieved a GAAP operating income of $809 million, representing a 9.2% operating margin. Cash and cash equivalents increased by $5.9 billion quarter-over-quarter to $14.5 billion, driven by a capital raise and free cash flow generation.

Tesla reported a GAAP profit for the fourth consecutive quarter and positive free cash flow of $418M despite the closure of the Fremont factory for nearly half the quarter. The company's cash and cash equivalents increased by $535M to $8.6B. Operating margin reached 5.4% for the quarter.

Tesla's Q4 2019 saw a $930M increase in cash and cash equivalents, reaching $6.3B, and a $1.0B free cash flow. The company achieved a GAAP operating income of $359M with a 4.9% operating margin and a GAAP net income of $105M. Model Y production ramp started ahead of schedule, and vehicle deliveries hit a record of 112,095.