Tesla, Inc.

TSLA
Sector

Consumer Discretionary

Industry

Auto Manufacturers

Market Cap

$1.13T

Employees

140.5K

Company Overview

Tesla designs, develops, manufactures, sells, and leases high-performance electric vehicles, along with energy generation and storage systems. Tesla sells its products directly to consumers through a network of showrooms, service centers, and charging stations, and emphasizes performance, safety, and technological innovation, including autonomous driving capabilities.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Tesla reported total revenue of $96.77 billion in 2023, a 19% increase compared to 2022. Net income attributable to common stockholders reached $15.00 billion, a significant improvement over the $12.56 billion in 2022.

Automotive sales, including sales of electric vehicles and regulatory credits, increased by 15% to $82.42 billion in 2023. This growth was primarily driven by a substantial increase in Model 3 and Model Y deliveries.

Despite record revenue, Tesla's overall gross margin decreased from 25.6% in 2022 to 18.2% in 2023. This decline was attributed to price reductions implemented to stimulate demand and maintain competitiveness.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG Initiatives

3 Insights

Market Environment

3 Insights