Tesla Q1 revenue $21.3B (-9% YoY); GAAP EPS $0.34; FCF -$2.5B

Tesla, Inc.

2024-Q1 EPS reported $0.34 revenue$21,301,000,000

Revenue $21.3B (-9% YoY); GAAP net income $1.13B ($0.34 diluted EPS) vs $2.51B ($0.73) in Q1 2023.
Operating margin 5.5% vs 11.4% Q1 2023; free cash flow -$2.53B on $2.7B inventory increase and AI capex.
Vehicle deliveries 386,810 (-9% YoY); record energy storage deployments 4.1 GWh (+4% YoY).
Guidance: 2024 volume growth 'notably lower'; new affordable models accelerated to launch before 2H 2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Tesla, Inc. reported the quarter ended March 31, 2024 results: revenue $21.3B, net income $1.1B GAAP net income in Q1, EPS 0.34.

Period: the quarter ended March 31, 2024
Revenue: $21.3B
Net income: $1.1B GAAP net income in Q1
EPS: 0.34
Result: reported results

Exact text from the filing

(2,531) -674% Cash, cash equivalents and investments 22,402 23,075 26,077 29,094 26,863 20% F I N A N C I A L S U M M A R Y Revenue Total revenue declined 9% YoY in Q1 to $21.3B. YoY, revenue was impacted by the following items: - reduced vehicle average selling price (ASP) YoY (excl. FX impact), including unfavorable impact of mix - decline in vehicle

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Source: SEC EDGAR

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