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

Total revenue for Q1 2024 was $21.30 billion, a decrease of $2.03 billion (9%) compared to Q1 2023. This was primarily driven by lower average selling prices due to price reductions implemented throughout the year.

Automotive sales revenue decreased $2.42 billion (13%) in Q1 2024 compared to Q1 2023. This decline was attributed to lower average selling prices and a decrease in deliveries, partially due to production disruptions at the Fremont and Berlin-Brandenburg factories.

Services and other revenue increased $451 million (25%) in Q1 2024. This growth was driven by increases in non-warranty maintenance, collision revenue, insurance services, paid Supercharging, parts sales, and used vehicle sales volume.

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

No information related to ESG initiatives was found in the provided 10-Q filing

Market Environment

3 Insights