---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-046895"
form_type: "8-K"
ticker: "TSLA"
cik: "0001318605"
company_name: "Tesla, Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:31:33.322555+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-046895
- form_type: 8-K
- ticker: TSLA
- cik: 0001318605
- company_name: Tesla, Inc.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1318605/000095017024046895/0000950170-24-046895-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318605/000095017024046895/tsla-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-046895
- JSON: https://secwatch.observer/filing/0000950170-24-046895.json
- Plain text: https://secwatch.observer/filing/0000950170-24-046895.txt

## Key facts
- Earnings Releases
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1318605/000095017024046895/0000950170-24-046895-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.