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Mar 31, 2023

Tesla Q1 2023 Earnings Report

Tesla's financial performance in Q1 2023 reflected a mix of achievements and challenges.

Key Takeaways

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.

Maintained operational progress amidst macroeconomic challenges.

Focused on cost reduction and operational efficiency.

Continued investments in capacity expansion and technology development.

Navigated pricing adjustments while maintaining profitability.

Total Revenue
$23.3B
Previous year: $18.8B
+24.4%
EPS
$0.85
Previous year: $1.07
-20.6%
Cash Flow from Operations
$2.5
Gross Profit
$4.51B
Previous year: $5.46B
-17.4%
Cash and Equivalents
$16B
Previous year: $18B
-10.8%
Free Cash Flow
$0.4
Previous year: $2.2B
-100.0%
Total Assets
$86.8B
Previous year: $66B
+31.5%

Tesla

Tesla

Forward Guidance

The outlook section was not found in the document