Tesla Q1 2023 revenue $23.3B (+24% YoY), GAAP EPS $0.73, operating margin 11.4%

Tesla, Inc.

2023-Q1 EPS reported $0.73 revenue$23,329,000,000

GAAP net income $2.5B ($0.73 diluted EPS) vs $3.3B ($0.95) YoY; non-GAAP EPS $0.85.
Vehicle deliveries 422,875 units (+36% YoY), production 440,808 units.
Operating margin dropped to 11.4% from 19.2% YoY; free cash flow $441M vs $2.2B.
Energy storage deployments 3.9 GWh (+360% YoY); Services & Other gross margin positive.
Reaffirmed 2023 delivery target of ~1.8M vehicles; Cybertruck production on track for later this year.

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 0.9

Tesla, Inc. reported financial results for the quarter ended March 31, 2023.

Period: the quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On April 19, 2023, Tesla, Inc. released its financial results for the quarter ended March 31, 2023 by posting its First Quarter 2023 Update on its website.

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Source: SEC EDGAR

accession 0001564590-23-005959

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