earnings
confidence high
sentiment negative
materiality 0.80
Tesla Q4: Non-GAAP EPS $0.71 (-40% YoY); operating margin 8.2%; 2024 growth to slow
Tesla, Inc.
2023-FY EPS reported
$4.30
revenue$96,773,000,000
- Q4 revenue $25.2B (+3% YoY); GAAP EPS $2.27 (incl $5.9B tax benefit), non-GAAP EPS $0.71 (-40% YoY).
- Operating margin fell to 8.2% from 16% YoY on price cuts and higher R&D; total gross margin 17.6%.
- 2023 deliveries 1.81M (+38% YoY); Model Y world's best-selling vehicle; energy storage deployments up 125% to 14.7 GWh.
- Free cash flow $2.1B in Q4, $4.4B for 2023; cash & investments $29.1B.
- Guidance: 2024 vehicle volume growth 'notably lower' as next-gen platform prepares at Gigafactory Texas; Cybertruck ramp continues.