earnings
confidence high
sentiment positive
materiality 0.85
Tesla Q3 2024: Revenue $25.2B, GAAP EPS $0.62, operating margin 10.8%
Tesla, Inc.
2024-Q3 EPS reported
$1.38
revenue$71,983,000,000
- Revenue $25.2B (+8% YoY); GAAP net income $2.17B (+17%); GAAP diluted EPS $0.62.
- Operating margin 10.8% (up from 7.6% YoY); COGS/vehicle lowest ever ~$35,100.
- Free cash flow $2.7B; cash and investments $33.6B (up $2.9B sequentially).
- Deliveries 462,890 vehicles (+6% YoY); Cybertruck achieved positive gross margin first time.
- Energy storage revenue $2.38B (+52% YoY); record energy gross margin 30.5%.