Consumer Discretionary
Auto Manufacturers
$1.13T
140.5K
Key insights and themes extracted from this filing
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.